Bitcoin (BTC) returned to $9,300 on Nov. ane after a menses of downward pressure gave away to fresh positive sentiment.

Cryptocurrency marketplace daily overview. Source: Coin360

Bitcoin shows house $9K support

Information from Coin360 put the largest cryptocurrency at effectually $9,200 as of press fourth dimension Fri, with 24-60 minutes performance seeing it dip as low as $9,060.

Bitcoin vii-day price chart. Source: Coin360

Every bit Cointelegraph reported, technical issues on two major exchanges appeared to spark cursory panic on markets. Later reaching around $nine,365, BTC/USD saw a sharp dip across the board.

On Friday, some other scare, this time involving a user data leak at cryptocurrency derivatives giant BitMEX, delivered comparatively picayune impact.

The recovery thus places Bitcoin dorsum in the center of the range it has traded in for almost i a week. Prior to that, a bull run had taken it to virtually $10,500.

Now, analysts forecast a continuation of the design. According to Cointelegraph contributor Michaël van der Poppe, such behavior is realistic.

"And $BTC continues the ranging, which is extremely fine," he summarized in Twitter comments on Thursday.

As Cointelegraph noted, fellow contributor filbfilb likewise believes the trend will go on through H1 next year, with BTC/USD gear up to stay range jump between $7,500 and $10,000.

Altcoins contemplative in a sideways market

Altcoins meanwhile saw a remarkably calm twenty-four hours, with major tokens barely moving from the previous day'south position.

Ether (ETH), the largest altcoin by market cap, gained 0.8% to merchandise near $182. Others in the top twenty cryptocurrencies fared similarly, moving up or down past a maximum of effectually i%.

Ether seven-day cost chart. Source: Coin360

The overall cryptocurrency market cap stood at $246 billion, with Bitcoin's share at 67.5%.

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