Flow

bullish

Hedera

Bitcoin

Shiba Inu

<ul class="wp-block-list"> 
 <li>Bitcoin has factored in a modest price increase over the past day, after its recent bearish descent.&nbsp;</li> 
 <li>The cryptocurrency’s daily trading volume showed a 10.24% surge as per CMC data.</li> 
</ul> 
On the last day of the month, the crypto market showed mild activity as leading currencies crawled towards higher levels. However, they have remained bullish, as indicated by the 0.92% increase in the overall market cap. Meanwhile, Justin Sun’s eating the banana he purchased for $6.2 million caused a frenzy. Additionally, Russian regulatory announcements also drew market attention in the past day.&nbsp; 
On reverting to the market price sector, Bitcoin has factored in a modest price increase of 0.37% in the last 24 hours. The cryptocurrency has not progressed much in price with the exemption of re-visiting the $98,000 resistance on November 29. Towards the late evening, yesterday, fueled by a brief bullish trend, Bitcoin tested its previous resistance.&nbsp; 
The cryptocurrency, however, failed to establish a hold and subsequently fell back to its support levels. Bitcoin, at the time of writing, was trading at $96,812 as per CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>. BTC has resorted to trade at the $91K to $95K level in the past few days.&nbsp; 
Zooming out, into its weekly price chart, this is further confirmed. Bitcoin experienced a bearish takeover starting November 23, when prices began plunging down from $98,904. The digital asset hit a weekly low of $90,791 on November 26. While the community anticipated the cryptocurrency to fall further, it has regained fractions of the bull run.&nbsp; 
<h3 class="wp-block-heading" id="h-will-bitcoin-surge-back-to-98k-nbsp">Will Bitcoin Surge Back to $98K?&nbsp;</h3> 
When analyzing Bitcoin’s price movements over the past few days, it traces a horizontal channel pattern. This pattern is followed by a bullish price breakout or a bearish descent. However, on inferring its other technical indicators BTC seems to lean towards a price breakout.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfa-FB6cBOS6uEKXbuSkbNxEpwdY-qiDOUIyLMo-YPCKjd6R5GIbKbptdWd00MAgFRniwGkFyPmGYn8S9dZAqOt6Lf1iB3VjCl9LcVqd875zm-DHtr4Ga-b-h02IJaNXksRGim1?key=fTnEijNn6nkeHz47bvkQvrQB" alt="">
 </figure>
</div> 
Particularly, the Chaikin Money Flow (CMF) stands at 0.14 indicating an increasing capital flow in the asset as per TradingView <a href="https://www.tradingview.com/symbols/BTCUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">data</a>. Furthermore, BTC’s bull power indicator value is 1.12, while its bear power indicator value is -0.88. This highlights the bulls holding power over the bears thus suggesting a price breakout following the horizontal channel.&nbsp; 
Meanwhile, other cryptocurrencies such as <a href="https://thenewscrypto.com/can-shiba-inu-shib-gather-momentum-for-a-potential-breakout/" target="_blank" rel="noreferrer noopener">Shiba Inu</a> (SHIB) and <a href="https://thenewscrypto.com/is-hedera-heading-for-a-major-correction-or-rally/" target="_blank" rel="noreferrer noopener">Hedera</a> have shown upward movements in the past day.&nbsp;

Bitcoin Falls to $96K Support After Re-Testing $98K Resistance

Table of Contents

TheNewsCrypto

Other articles published on Nov 30, 2024

Ondo Price Prediction for Today, November 30 – ONDO Technical Analysis

Metaplanet Targets $62 Million to Expand Bitcoin Accumulation

Elon Musk and Vivek Ramaswamy Meet with Congressional Leaders

Solana Price Prediction: Analyst Suggests SOL Could Target $5,000 This Bull Cycle But, This Token...

Massive Altseason Incoming: 5 Cryptos Expected to Explode by 1,500x

HYPE Price Soars; Hits $2.6B Market Cap, But Can It Sustain The Momentum?

Join our free newsletter for daily crypto updates!