?? The race to $100k is heating up!
Hello traders!
Hopefully, it's just a quick dip and we'll hit the target this week.?
?? XLM has crushed it!
Last week, top traders went long and saw great results. SAND, ADA, and XRP were solid performers, but the standout was the XLM:USDT pair, delivering an impressive 200% profit.
*7-day profitability is calculated based on the?profit target?multiplied by the number of deals.?
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BTC Goes Up, Technical Indicators Show Buy?
Price Dynamics (7d)?
BTC $96,067 ?? 6.11%
ETH $3,446 ?? 10.91%
BTC Technical Indicators Show?Buy?(1d)
Oscillators: Neutral (2 Sell, 8 Neutral, 1 Buy)?
Moving Averages: Strong Buy (1 Sell, 1 Neutral, 12 Buy) ?
Fibonacci's Pivot for BTC?
Take a look at Fibonacci's Support (S) and Resistance (R) levels for BTC if you wonder where to place your Stop Loss and Take Profit. ?
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Crypto Week: Predictions & Highlights
After a turbulent weekend, which led to a 3.64% price correction from its Friday peak, Bitcoin started Monday hovering around $98,000. Later, BTC dropped to its weekend lows and is now trading at around $96,067.
Ether has also declined to around $3,290 on Sunday but managed to recover along with Bitcoin to above $3,500. As of now, it is trading at around $3,446.
Key events that might catch traders' attention this week include the US Gross Domestic Product Report for Q3, set for release on November 27. Traditional markets will be closed on Thursday for Thanksgiving.?
Now, let’s see what the leaders of the industry are saying about the crypto market.?
What's up in crypto this week? Experts share their thoughts:
??? QCP Capital analysts predict BTC will trade sideways until December, with attention shifting to ETH in the short term. However, they noted that a new MicroStrategy BTC purchase could change this dynamic and potentially push BTC higher.
?? Micha?l van de Poppe predicts Bitcoin will surpass $100,000 within 1-2 weeks but expects a price correction beforehand, likely dipping to the $85,000-$90,000 range.?
?? According to Technical Analyst @Washigorira, Bitcoin looks strong on higher timeframes, but short-term signals such as RSI divergence, overbought conditions, and a possible MACD bearish cross suggest a pullback to around $94,200.
?? Analysts at FalconX noticed that BTC's bullish flow isn't being replenished, giving sellers the upper hand. This suggests that the momentum that pushed prices to $100,000 after the US election is fading, and any negative news could trigger a price drop.?
?? On-chain Analyst @ali_charts believes Bitcoin could reach $100,000 today, based on a bullish SuperTrend signal and a breakout above resistance.
As per other news of the market:
?? Last week, crypto investment products saw a record $3.13 billion in net inflows. ?
?? MicroStrategy has purchased another 55,500 BTC at an average price of $97,862 per BTC.
?? Singapore Gulf Bank plans to raise $50 million in a funding round to acquire a stablecoin payments company in 2025.
?? Retail users in Hong Kong can now purchase Ether and Bitcoin through ZA Bank, the largest bank in the region.
?? French authorities have blocked access to Polymarket following a review by the National Gambling Authority.
?? SEC Chair Gary Gensler will depart from the agency on Jan. 20, 2025, the securities regulator said in a Nov. 21 announcement.
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