Originally published on: October 30, 2024
Bitcoin bulls failed to break the all-time high on Oct. 29, but they managed to hold their ground on Oct. 30, signaling potential for a bullish move in the near future. With massive inflows of $827 million into U.S. Bitcoin exchange-traded funds and projections of hitting $100,000 by January 2025, investors are gearing up for a possible uptrend.
Bitcoin is on the brink of a breakout, with the upcoming U.S. presidential election on Nov. 5 adding to the anticipation. However, caution is advised as experienced traders often play the market strategically. Meanwhile, the altcoins market is on the rise, showing signs of continued growth or a period of consolidation.
Let’s dive into the charts of the top 10 cryptocurrencies to uncover potential price movements:
Bitcoin (BTC) showed strength after breaking the $69,520 resistance and is eyeing a new all-time high if it breaks above $73,777. Ethereum (ETH) is trading within an ascending channel with resistance at $2,565. Binance Coin (BNB) struggles near $612 but could rally to $635 if buyers persist. Solana (SOL) faces solid selling at $179, while XRP aims to break above $0.53. Dogecoin (DOGE) targets $0.23, while TON Coin (TON) looks for support at $4.44. Cardano (ADA) eyes $0.40 as a crucial level, and Avalanche (AVAX) seeks to break above $24.93. Shiba Inu (SHIB) aims for $0.000020 with resistance at $0.000018.
As the market gears up for potential breakouts and rallies, investors should stay alert to key levels and patterns for informed decision-making. Stay tuned for more insights on market movements and investment opportunities to maximize your returns.
