As Bitcoin (BTC) attempts to reclaim the $88,000 area, some market observers believe that the recent lows marked the bottom, and a price recovery rally is underway. Nonetheless, other analysts have warned that the flagship crypto’s November pain could continue if the current levels don’t hold.
Bitcoin Finds Local Support
On Monday, Bitcoin continued its price recovery from the latest correction, nearing a key resistance for the second consecutive day. Throughout November, the cryptocurrency has struggled to hold multiple crucial levels amid the crypto market volatility, falling below the $100,000 psychological barrier and trading around multi-month lows.
Last week, BTC plummeted below the $90,000 level for the first time since April, reaching a low of $80,600 on Friday. Over the weekend, the flagship crypto’s price
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!