Bitcoin Analysis - Bitcoin is facing a make-or-break moment, struggling with resistance between approximately $92,000 to $94,000 [1][5] - A breakout above $94,000 could trigger a short-term bullish target of around $103,000, potentially liquidating short positions around $94,600 to $94,700 [6][15][16] - Failure to break out could lead to a retest of the support level at approximately $85,000, invalidating a potential double bottom pattern [6] - The more the price retests the resistance, the weaker it gets, increasing the probability of a breakout [9][10][11] Ethereum Analysis - Ethereum has broken out above the resistance area of $3,000 to $3,100 with multiple confirmations and is holding it as support [25][26] - The next price target for Ethereum is around $3,400, based on a potential double bottom pattern, with resistance at $3,250 to $3,300 [28] - A short-term overbought signal suggests a potential cool-off in price action, but the overall outlook for the next week is bullish [30][34] Altcoin Analysis - Solana is struggling with resistance between $143 to $147 and is in a sideways price range between support and resistance [35][36] - XRP has a large bearish divergence on the weekly timeframe, but a smaller bullish divergence on the daily chart suggests potential sideways movement between $0.230 to $0.240 resistance and $0.2 to $0.25 support [38][39][41][42] - Chainlink has confirmed a bullish divergence and hit its price target of $15, now potentially ranging between $13.40 to $13.50 support and $15.20 to $15.70 resistance [43][44][45][46] Market Indicators - Bitcoin dominance lacks significant momentum, suggesting altcoins will likely perform similarly to Bitcoin [24][25]
BITCOIN & ALTCOINS: Time is Running Out (important)!!! - Bitcoin News Today, Ethereum & Altcoins
Crypto World·2025-12-05 10:28