The beginning of the last week of November opened with a surge in the price of Bitcoin (BTC) at a recorded value of $ 18,000, surpassing the two resistance levels of $ 18,200 and $ 18,400.
At the time of writing, the major crypto asset is trading at $ 18,555 and is above the 100-hour simple moving average (SMA) indicator.
The closest resistance to this asset is seen near the $ 18,800 level.
If Bitcoin manages to break that level, it is not impossible that there will be a sharp jump to the price levels of $ 19,000 and $ 19,200.
On the other hand, if Bitcoin fails to pass $ 18,800, there is likely to be a recent depreciation. The price support level will be close to $ 18,250 or lower.
A clear break below that support is expected to lead to a lower price drop back to the $ 18,000 level.
Support levels will be below $ 18,000, close to $ 17,400 and a 100-hour SMA.
To continue the bullish trend, the key resistance levels that Bitcoin needs to break through are at $ 18,650, $ 18,800 and $ 19,000.
