What if Bitcoin (BTC) is now targeting $ 30,000? Is it too early for such an optimistic forecast? BTC resumed its upward path today, November 28, 2020. It is already attacking a first resistance zone, the crossing of which would signal a resumption of the bullish rally interrupted by this week’s crash. Bitcoin can always count on institutional investors to defend its price.
Pub
Pub
Pub
The Bitcoin price of the day is offered to you in partnership with the application Swissborg. For a simple registration and a deposit of 50 euros, you will receive up to 100 euros in bitcoins as a welcome gift by following this link.
The rally has already started!
The 16,000 USD held, the bulls managed to maintain the price of Bitcoin above. Bitcoin is on the rise again today; he crossed $ 17,000 and is now attacking $ 18,000.
Bitcoin is trading at $ 17,780 as of this writing. It is currently recording a daily gain of 5.88%, which is over $ 987.
The daily RSI (14) stands at 60; he is again in a bullish zone as he descended to a neutral zone yesterday, November 27, 2020.
Bitcoin must now break resistance at levels near $ 18,000 for a resumption of the bullish rally.
Pub
Pub
It will then face major resistance at the $ 18,600 level; this area, which played the role of major support, had given way during the Thanksgiving crash.
Institutionals are still there!
The BTC closed with a doji yesterday after the huge red candlestick on November 26, 2020. Markets were undecided the day after the crash. The bulls seem to have finally regained control of the market today.
Some analysts now expect a rally that would lead the BTC at the level of 30,000 USD, if its price manages to stay above 14,000 USD – which is going pretty well for the moment.
Pub
Institutional investors who bought in the $ 18,000 – $ 19,000 area should logically continue to support Bitcoin ; some whales are certainly at the origin of the recent crash, but others should therefore work for a resumption of the bullish rally.
Pub
Pub
A recovery of 18,000 USD before the end of this month of 2020? Was this crash ultimately just a correction whose magnitude and speed mirrored those of the bullish rally? Technically, Bitcoin still has a big margin to continue its ascent before the markets are overbought again in the short term. Has the storm passed? Now for good weather?
Litecoin, welcome in the Silver Age
These were the details of the news Bitcoin (BTC) November 28, 2020 – The $ 30,000! –... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at en24 news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
 November 28, 2020 – The $ 30,000! –...){kind=link}