Death Cross Vs. $96k Rebound: 5 Things To Know In Bitcoin This Week

Bitcoin bulls began to eye higher BTC price levels as sentiment reversed to the upside ahead of a turbulent macroeconomic data week.

Bitcoin (BTC) heads into the November monthly close hanging by a thread below $90,000.

Bitcoin traders hope for a modest recovery and even a return above the $100,000 mark after a brutal sell-off.

BTC price action still has to contend with the aftermath of its latest “death cross” on daily timeframes.

New data suggests that speculators are absorbing coins distributed by long-term holders.

US Thanksgiving holiday week offers a brief yet data-rich period for risk assets.

Crypto market sentiment is on the rebound as stocks sink deep into “extreme fear.”

Following its latest local low of $80,500 last week, Bitcoin remains highly uncertain as the November monthly close approaches.

Data from Cointelegraph Markets Pro and TradingView shows the $88,000 mark currently acting as a price ceiling.

Traders are as split as ever, with long-term bearish predictions mixing with modest optimism.

Source: CoinTelegraph