Crypto community believes that the prospects for further positive movement are open for BTC.
All TOP-10 cryptocurrencies of the CoinGecko rating began a new work week with growth.
The best result of a positive movement within 24 hours was recorded by Bitcoin Cash (+12,5%). Many members of the crypto community see the potential for further positive movement of Ethereum. XRP (+ 41.3%) remained the growth leader during the week.
Against the background of Bitcoin positive movement, the cryptocurrency network recorded a large transaction. An unknown person transferred more than $ 90 million of BTC from the Bithumb digital asset exchange to an unidentified wallet.
Analyst PlanB suggests that the digital asset market started the next week with a positive movement due to the resumption of Bitcoin purchasing by large companies. Note, that many market participants did not freeze operations for the acquisition of a digital asset against the background of a decrease in its value. For example, this strategy was used by the team of the investment company Grayscale.
Members of the crypto community, expect Bitcoin to update its maximum value indicators within a week. Recall that BTC set a price record in December 2017, near the $ 20,000 level.
The co-founder of Capriole Investments, Charles Edwards, believes that the recent correction of the cryptocurrency will contribute to the positive movement of the cryptocurrency.
We've had our test.
We've dumped $3K.
Send it back to ATH. https://t.co/JK5ItqAIsH
— Charles Edwards (@caprioleio) November 30, 2020
Analyst Lark Davis is also confident that bitcoin will rise. He backed up his point of view with a technical analysis of the BTC chart.
— Lark Davis (@TheCryptoLark) November 29, 2020
Many investors are confident that in 2020, members of the crypto community can focus on the trajectory of the digital asset in 2017.
Note, the fear and greed index of investing in cryptocurrency remains in the green zone. This position of the indicator indicates a high interest of investors in the acquisition of a digital asset.