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3 reasons why traders expect Bitcoin to retake $60K before November ends
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The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend.
Here’s a look at what analysts and traders are saying about Nov. 29’s price action and whether or not Bitcoin is likely to reclaim the $60,000 level.
Bitcoin’s sudden move to $58,000 may have had caught some traders off guard, but according to independent market analyst and Cointelegraph contributor Michaël van de Poppe, the current price action is going as expected.
According to van de Poppe, following Nov. 28’s spike above $57,000, “You’d preferably want to see a flip of the $56,000 area to be taking place” to establish a
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