Bitcoin Price: A Rollercoaster of Dreams and Tears – November 29 Update

Ah, the thrilling world of cryptocurrency, where dreams soar and crash like a dramatic Tolstoy novel. According to CoinStats, most coins are redder than the Russian winter on this fine Saturday.

BTC/USD

In the grand theater of Bitcoin (BTC), the protagonist has experienced a modest decline of 1.37% in the past 24 hours. A tragic, yet not entirely unexpected turn of events.

On the hourly chart, our noble Bitcoin struggles valiantly to rise above the local resistance of $90,897. Should the daily candle close above this mark, we might just see an ascent to the $91,500 zone-one can dream, right? 🌟

Alas, on the larger time scale, our beloved Bitcoin has not gathered enough energy for a grand, decisive move. The market is lethargic, much like a winter evening in St. Petersburg, with trading volumes dropping like autumn leaves. 🍂

In this melancholic environment, the most likely scenario is a consolidation between $90,000 and $92,000. The market seems content to sit in a quiet, unresolved state, like a character who refuses to make a decision. How utterly relatable, isn’t it?

From a midterm perspective, neither the bulls nor the bears have gained the upper hand. Traders, alas, may find themselves stuck in a slow, dull routine-no increased volatility in sight. How boring. 😴

At the time of this writing, Bitcoin is trading at a humble $90,912, leaving us all wondering if it’s a temporary setback or the beginning of something more profound. Only time will tell.

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2025-11-29 20:52