3 reasons why traders expect Bitcoin to retake $60K before November ends

3 reasons why traders expect Bitcoin to retake $60K before November ends
© Reuters.

The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend.

BTC/USDT 4-hour chart. Source: TradingView

Here’s a look at what analysts and traders are saying about Nov. 29’s price action and whether or not Bitcoin is likely to reclaim the $60,000 level.

BTC/USD 4-hour chart. Source: Twitter (NYSE:TWTR)
BTC/USD 1-month chart. Source: Twitter

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