Originally published on: November 20, 2024
Bitcoin’s bulls are in control as the price approaches $100,000, thanks to the success of BlackRock’s Bitcoin ETF options. MicroStrategy continues to invest in Bitcoin, revealing plans to raise $2.6 billion for more purchases. However, onchain data suggests caution as indicators hint at a potential local peak.
Ethereum faces resistance at $3,220, while Solana aims for $260 and ADA breaks above $0.80. Shiba Inu struggles to surpass $0.000026, and TON fights to rebound. Meanwhile, Avalanche faces resistance at $45.
Will Bitcoin’s rally trigger altcoin buying? Let’s dive into the top 10 cryptocurrencies to find out. Don’t miss out on the latest crypto market insights and trading strategies – subscribe to the Markets Outlook newsletter for more updates weekly. Remember, every investment move carries risk, so conduct your own research before making decisions.
