30s Summary

Bitcoin experienced a brief dip to $90,791 on Nov. 26 before quickly rebounding above $96,000. Crypto expert Charlie Sherry predicts this could be Bitcoin’s last stumble before reaching $100,000. Other analysts, like Ryan Lee, expect a potential 30% correction before it peaks. There is anticipation that Bitcoin’s price might face heavy resistance around $100,000, but if it breaks through, prices might soar up to $125,000. Ethereum and other altcoins are experiencing similar fluctuations. Market sentiments may favor buying on dips. As always, investors are advised to do thorough research before investing in crypto due to inherent risks.

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Bitcoin (BTC) experienced a dip on Nov. 26, but it didn’t last long. The price fell to $90,791, but was quickly pushed back up above $96,000 the following day. Charlie Sherry, a crypto expert at BTC Markets, thinks this could be the last stumble before Bitcoin finally hits $100k.

But not everyone’s convinced. Some analysts feel that there might be a 30% correction before it reaches its peak. Ryan Lee, a top analyst at Bitget Research, is one of them.

Of course, ups and downs are expected when you’re on a winning streak, but that doesn’t mean everything is going downhill. Despite the recent drop, Bitcoin is far from hitting a short-term peak. However, traders should still keep an eye on any strong rejections near the $100,000 mark.

But what does all this mean for Bitcoin’s ultimate goal of reaching the $100,000 mark? And what about altcoins? How will they behave in this scenario?

Turning to Bitcoin, the price broke the uptrend line on Nov. 26 but was brought back up by the bulls who supported it at the $89,857 mark. If Bitcoin continues to sustain its prices above the uptrend line, we could see it reach the highly anticipated $100,000 mark. However, we can also expect the price to face heavy resistance there. Breaking through this resistance could see the price climb as high as $113,331 and then potentially to $125,000. Nonetheless, if prices drop sharply and go under the 20-day EMA, prices may slip to around $85,000, where we can expect to see buyers stepping in.

As for Ether (ETH), there’s a potential trend change underway with prices moving above the downtrend line. If the price manages to stay above this line, we can expect to see it go up to $3,900 and potentially as high as $4,094.

Other altcoins like Solana (SOL), BNB, XRP, Dogecoin, Cardano, Avalanche, Toncoin and Shiba Inu are experiencing similar fluctuations. It’s a time of strong bull resistance and potential positive signs as prices are fluctuating along the 20-day EMA, indicating that market sentiment could shift to buying on dips.

Remember though, investing in crypto comes with its own set of risks, and it’s crucial to do your own research before making any investment decisions.