As the cryptocurrency industry finally starting to change to a brighter shade of green, Bitcoin (BTC) is leading the charge, and the experts see a bullish end of the month on the cards for the flagship digital asset if it continues to show strength and break above a crucial level for continuation.
Specifically, Bitcoin could look to a monthly close above $17,500, provided it manages to break the crucial level at $17,000, according to the Tweeter published under the pseudonym crypto trading specialist known as CredibleCrypto November 30.
Optimism is building for Bitcoin
Additionally, bullish predictions come from another reputable crypto analyst, Altcoin Sherpa, who also thinks that $17,500 is a potential target for Bitcoin after testing the level at $16,500, as the chart also shows published November 30.
On top of that, renowned crypto trading expert Michaël van de Poppe believes that Bitcoin has a good chance of continuing towards $18,300 if it holds “the previous level of resistance for support (about $16.6,000).
These positive movements and estimates play on previous indications of big moves on the horizon for Bitcoin, as observed by several technical analysis (TA) indicators shared by prominent crypto analysts like Mustache, Trader Tardigrade, Mags and Matthew Hyland.
bitcoin price analysis
As it stands, Bitcoin is changing hands at a price of $16,884, showing an increase of 2.32% on the day, as well as 1.79% over the previous seven days, minimizing the loss of 18, 59% on its monthly chart.
The flagship of decentralized finance (Challenge) the asset’s market cap at press time was $324.52 billion, maintaining its position as the largest cryptocurrency by this indicator, according to CoinMarketCap data retrieved on November 30.
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