Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as analysis warned over market corrections.

BTC/USD 1-hour chart. Source: TradingView

Bitcoin meets macro data, Fed’s Powell at key price point

Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory continuing to aim for new 18-month highs.

After matching current highs the day prior, the largest cryptocurrency surprised by keeping a grip on higher levels as futures markets hit $39,000.

Already a topic of debate, the excitement on derivatives led some to caution that large-volume traders could still leave late long positions stranded at the top.

In commentary overnight, Keith Alan, co-founder of monitoring resource Material Indicators, told traders to be wary of these “whale games.”