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Bitcoin cools from 1-week highs with key long-term metric echoing $44K
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Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight.
The pair then recovered to circle $56,500 at the time of writing, with analysts keeping the faith on higher timeframe strength.
Popular Twitter personality TechDev noted that Bitcoin's stochastic relative strength index (Stoch RSI) had "reset" to levels that echo BTC/USD at $44,000 — just before the run, which culminated in all-time highs.
"Bullish engulfing printed on stoch RSI cross with RSI reset to 44K levels," he summarized alongside the 3-day chart.
Bitcoin's late strength Monday coincided with a
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