Originally published on: December 09, 2024
Bitcoin is facing a tough battle near $100,000 as long-term holders continue to offload their assets, indicating a possible top. MicroStrategy remains undeterred, adding more Bitcoin to its stockpile. Meanwhile, the S&P 500 Index is showing signs of a potential bearish setup, while the US dollar Index struggles between bulls and bears.
Altcoins like Ether, XRP, Solana, BNB, Dogecoin, Cardano, and Avalanche are also making moves, with varying levels of resistance and support.
The crypto market is abuzz with new investments, reaching all-time highs of $3.85 billion in inflows. Traders are closely watching the charts to determine the next moves for these digital assets.
Will Bitcoin’s rally stall attract buyers to altcoins? Let’s dive into the data and analysis to reveal the potential trends and opportunities in the market.
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