Originally published on: December 04, 2024
Bitcoin has been hovering near the $100,000 mark, with data showing consistent buying activity on minor dips. Institutional demand for Bitcoin has surged, with 13.5% of all Bitcoin held by institutions and ETFs according to Capriole Investments founder Charles Edwards.
As Bitcoin consolidates near a crucial resistance level, traders are watching closely for a breakout. Could the consolidation lead to an upward or downward trend? Let’s delve into the top cryptocurrencies to find out.
Bitcoin is currently forming a symmetrical triangle pattern, signaling uncertainty in the market. A break above the triangle could pave the way for a rally towards $100,000 and beyond.
Ether has shown strength by bouncing off a key support level, with a potential move towards $4,000 in the near term. XRP, Solana, BNB, Dogecoin, Cardano, Avalanche, TON, and Shiba Inu are all showing signs of positive momentum.
Investors are closely watching these top cryptocurrencies for potential trading opportunities amid the ongoing market volatility. Stay informed and spot the trends to make informed investment decisions.