Coinbry

  • Market Cap: $2,077,311,831,596.30
  • 24h Vol: $59,552,000,452.17
  • BTC Dominance: 48.68%
Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), TON Crystal (TON), Chainlink (LINK), Avalanche (AVAX): Price Analysis on November 24

Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), TON Crystal (TON), Chainlink (LINK), Avalanche (AVAX): Price Analysis on November 24

Bitcoin Breaks $38,000 Resistance, Altcoins May Follow Suit

Bitcoin (BTC) has surpassed the $38,000 resistance level, indicating positive sentiment and potential for a rally. Analysts expect a retracement from $40,000 in the near term. Independent Reserve CEO predicts a positive market for the next two years.

Key Points:

– Bitcoin broke above $38,000 resistance, signaling positive sentiment.

– The next two years are expected to be good for the market.

– Bitcoin halving in April and applications for a spot Bitcoin exchange-traded fund are major catalysts for next year.

– Analysts expect a retracement from $40,000 in the near term.

– Cathie Wood’s investment firm has been gradually selling shares of the Grayscale Bitcoin Trust.

– Bitcoin may find buyers on dips with two major events on the horizon.

– Ethereum (ETH) broke above resistance and may start a northward march towards $2,200.

– Binance Coin (BNB) faces resistance at the 20-day EMA and may fall to $203 if support at $223 is broken.

– XRP (XRP) may swing between $0.56 and $0.74 in the short term.

– Solana (SOL) is trying to break above $59 resistance, with a potential rally to $68 if successful.

– Cardano (ADA) is swinging above and below $0.38, indicating uncertainty between bulls and bears.

– Dogecoin (DOGE) needs to break above $0.08 for a surge towards $0.10.

– Toncoin (TON) is testing overhead resistance at $2.59, with a potential uptrend to $4.03 if broken.

– Chainlink (LINK) is facing selling pressure at the downtrend line, with a potential surge to $18.30 if broken.

– Avalanche (AVAX) is at an important resistance level at $22, with a potential climb to $25 if broken.

Summary:

Bitcoin has broken above the $38,000 resistance level, indicating positive sentiment and potential for a rally. Analysts expect a retracement from $40,000 in the near term. Other altcoins such as Ethereum, Binance Coin, XRP, Solana, Cardano, Dogecoin, Toncoin, Chainlink, and Avalanche are also showing signs of potential movements.

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