Bitcoin (BTC) price prediction for November 29th

According to CoinStats, the market remains bullish despite seller pressure.

BTC/USD

The price of Bitcoin (BTC) has increased by 3.36% in the last day.

On the hourly chart, the price of the main cryptocurrency continues to rise after breaking out of the resistance level. If the daily bar closes near $98,000 or above, the growth is likely to continue towards the $99,000 area.

On the larger time frame, one should focus on the $99,121 level. If the price reaches this mark, there is a possibility of a resistance breakout followed by a move into the $100,000 area.

In the medium term, BTC price is on track to test the $99,800 mark.

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If growth continues through the end of the week, traders could soon witness a new all-time high.

At press time, Bitcoin is trading at $98,018.