Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K
Cointelegraph
Published Nov 29, 2020 05:49AM ET
Updated Nov 30, 2020 07:40AM ET
The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally.
Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue.
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Written By: Cointelegraph
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