Bitcoin

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The <a href="https://u.today/xrp-price-analysis-for-november-30" rel="noopener noreferrer nofollow">market keeps rising;</a> however, the growth is not as sharp as before. <img data-entity-type="file" data-entity-uuid="0f97f3c0-284f-4701-b47a-659103353637" src="https://u.today/sites/default/files/inline-images/top10_807.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) has increased by 1.58% over the last day. <img data-entity-type="file" data-entity-uuid="034672e8-cc7d-458f-bd75-f49718125d0a" src="https://u.today/sites/default/files/inline-images/btc1_155.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BTC might have set a local resistance level of $38,839.&nbsp;
If the daily bar closes far from it, bears may seize the initiative that can lead to a correction to the support of $37,647 soon. <img data-entity-type="file" data-entity-uuid="77994f63-e21d-46ee-99ea-62aa9c6b8863" src="https://u.today/sites/default/files/inline-images/btc2_139.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should focus on the level of $38,437. If its false breakout happens, there is a possibility to see a drop to the $38,000 zone by the end of the week. <img data-entity-type="file" data-entity-uuid="e58ef646-b4a7-4de7-8d25-af2ca76cf939" src="https://u.today/sites/default/files/inline-images/btc3_138.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, it is too early to make any distant price predictions as few days remain until the candle closes. However, if it goes above $38,500, the accumulated energy might be enough for a further rise to $40,000.
Bitcoin is trading at $38,380 at press time.

Bitcoin (BTC) Price Analysis for December 1

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