Bitcoin fixes above $17,000

Since November 28, the main cryptocurrency asset began to show a stubborn ascent. On the 29th, BTC tried to gain a foothold above $16,400, on November 30 it began to fix at $16,800, and since the end of yesterday and until now, Bitcoin has been holding above $17,000.

If we consider this state of affairs as part of a global downtrend, but this can be regarded as a local correction, after which the flagship digital asset will go down again.

Many experts and analysts shared their opinions regarding the current situation in the cryptocurrency market. For example, the founder of the Morbius Capital Partners investment fund, Mark Morbius, believes that we will soon see Bitcoin at a price of $10,000 . The same opinion is shared by one of the main BTC favorites of our time, the Dutch trader Michael van de Popp . However, both of the above investors believe that this will all be in the short term, after which bitcoin can go up.

There are other opinions in the environment of cryptocurrency enthusiasts. For example, an anonymous PlanB analyst who developed the Stock to Flow model believes that Bitcoin could soon reach $100,000 , which most crypto enthusiasts do not agree with.

At the time of writing, the cost of one bitcoin is $17,133. The capitalization of the main cryptocurrency has almost reached $330,000,000,000, and the volume of trades conducted by traders over the past day is almost $25,900,000,000. The dominance of bitcoin in the market is 38.2%.

After the fall of the FTX exchange, many were worried about whether BTC would be resilient enough not to sink heavily. It seems that the opinion of the head of the main cryptocurrency exchange Binance, Changpeng Zhao, and other supporters of the flagship cryptocurrency, was correct regarding the stability of bitcoin. Now he has already managed to get to the level of $17,100. However, we assume that the downtrend will still affect the value of BTC and it may update its two-year low and drop below the $15,000 mark.