Wick said that Bitcoin is just exploring the resistance zone around its new all-time high and he highlighted the possibility of a drop into the $58,000 to $59,500 range, similar to the move that was seen in the early trading hours on Nov.
Now that BTC has successfully rebounded near the monthly $61,000 level, a bullish case can be made in the weeks ahead if the price manages to close the month above the level.