Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

Wednesday, Nov. 27 - Crypto markets continue to improve, with Bitcoin showing signs of recovery as it finds its way back above the $7,500 price mark.

Bitcoin started the day at $7,190, at which point the world's largest crypto coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540.

Bitcoin's next target could be $8,100According to Cointelegraph contributor Horus Hughes, Bitcoin could jump to $7,800, and even up to $8,100, before the coin encounters any significant overhead resistance.

Hughes pointed out that Bitcoin had to close above the former support turned resistance at $7,400, for Bitcoin to push its price closer to the $7,800 resistance.

"One would like to think that a drop to $5,500 will be avoided if bulls can keep the price above $7,300 and $6,700," he wrote.

Ether continues to trade in sync with BTC. The top altcoin bounced off its daily low of $143 before moving up to its current trading price of around $154 per coin.

Cointelegraph contributor Rakesh Upadhyay said that if the bulls can propel Ether's price above $151.83, the coin will pick up momentum and possibly see trading levels around the $173 price mark.

The coin is looking weak, with one trader going as far as predicting that the coin could hit zero by February 2020.XRP 7-day price chart.

Top 20 coins continue to trade in the greenThe majority of top 20 coins continue to show signs of recovery, with Monero taking the lead by going up more than 8% for the day.

Chainlink is the only of the top 20 coins to see a loss today, down 2%.The overall cryptocurrency market cap currently sits around $204.7 billion, with Bitcoin making up 66.6% of the total.