Bitcoin Price Technical Analysis for 11/24/2017 – Resistance Turned Support Close By

Bitcoin Price Key Highlights
Bitcoin price is sliding from its recent highs, indicating that a correction is underway.
This follows the bearish divergence highlighted in a previous article.
Traders appear to be booking profits at the moment, but more buyers could join in once the nearby area of interest is tested.
Bitcoin price is pulling back from its strong rally and could be due for a test of the former resistance around $7500.
Technical Indicators Signals
The 100 SMA is above the longer-term