Bitcoin (BTC) remained steady around $38,000 as the market closed for the week on November 26. Traders expressed optimism about the price of BTC, leading to a flat weekend with no major volatility.
Popular trader and analyst Credible Crypto noted that buyers were absorbing any sell volumes near the recent highs. With low open interest on derivatives markets and steady spot demand, there are indications that the next move for Bitcoin could be higher.
Another market commentator, Titan of Crypto, analyzed the Ichimoku Cloud indicator and observed a clean breakout of its key components on the Bitcoin weekly chart. This rare event suggests a promising outlook for upside continuation.
The Bitcoin market remains unpredictable, and it is important for investors to conduct their own research and make informed decisions. This article does not provide investment advice or recommendations.