Originally published on: November 29, 2024
Bitcoin made a significant move on November 29, crossing $98,500 and signaling a potential push above the crucial $100,000 mark. Ether, on the other hand, is eyeing $4,000 before January 20, as per analysts. As the crypto market heats up, let’s dive into the price analysis of the top 10 cryptocurrencies.
Bitcoin (BTC) formed an inside-day candlestick pattern recently, with a breakout above $97,208. The bulls are now aiming for $100,000 and beyond. If successful, we could see BTC surge to $113,331 and eventually reach $125,000. On the flip side, a sharp downturn post $100,000 could lead to a slide to $85,000.
Ether (ETH), after breaching the downtrend line, might rally to $3,900 and then target $4,094. Solana (SOL) faces resistance at $250, with a potential decline to $210 if the bears take control.
Binance Coin (BNB) is battling resistance at $667, while XRP aims for $1.97 post $1.76. Dogecoin (DOGE) is in an ascending channel, eyeing $0.50. Cardano (ADA) faces hurdles at $1.15, with a potential drop to $0.86. Avalanche (AVAX) is on the rise, targeting $48 and eventually $60. TON and Shiba Inu (SHIB) are in consolidation patterns, indicating a potential breakout in either direction.
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