Bitcoin Daily Price Forecast (11/10/20) — Quick Pause or Signs of Reversal?

Bitcoin pulled back on Monday to start the week, initially dropping almost down to the $14,000 level before finding support, bouncing up to the $15,500 level. This is a somewhat bearish hammer, with resistance at $16,000 being apparent and a $1,500+ intraday drop pointing to increased volatility at this altitude.