Bitcoin price retains 8% gains as attention switches to Ethereum comeback
Bitcoin's price held steady, maintaining an 8% increase as it stabilized around $96,000 on November 29, following a successful support retest at $91,000. Market analysts noted the strong support level established over two weeks, with attention now shifting to Ethereum, which has begun to recover. Ethereum's price action has brought focus to the $4,000 mark, seen as a near-term target for bullish momentum, pending a weekly close above established resistance. Traders are also monitoring potential price fluctuations related to leverage in the Bitcoin market, particularly concerning liquidation levels as both BTC and ETH show signs of upward movement. The sustained interest in Bitcoin and the revived activity in Ethereum indicate a transformative moment in the cryptocurrency market, prompting discussions around future price trajectories and market strategies.
Source 🔗