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Bitcoin has been consolidating above the $90,000 support zone for the last ten days, reaching an all-time high of $99,645 about a week ago. However, it has been closing below a short-term downtrend line, risking a drop to two-week lows. Despite this, the cryptocurrency has had one of its best months, jumping over 47% from its monthly opening to its latest high. Analysts suggest that Bitcoin must close above the $97,000 level to break out from the trendline. The biggest resistance level ahead is the $96,614 mark. Bitcoin currently records a 36.6% monthly return, with potential for further gains in the last two days of November.
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