Bitcoin chases consecutive all-time highs, while altcoins continue to tack on double-digit gains.
) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs - it runs.” He projects Bitcoin to reach $125,000 by the end of the year.Bitcoin’s sharp up move has turned select analysts bearish.
The short-term advantage will tilt in favor of the bears if they sink and sustain the price below the breakout level of $73,777.The bears tried to stall the up move at $3,250 on Nov. 10, but the bulls did not cede ground to the bears. If buyers push and maintain the price above $3,250, the ETH/USDT pair could rise to the downtrend line. Sellers are expected to mount a strong defense at the downtrend line, but if the bulls have their way, the pair could surge to $4,094.
Alternatively, if the price breaks below the moving averages, the pair may drop to the uptrend line. That will indicate the continuation of the range-bound action between $635 and $460 for a few more days.) has been in a strong up move for the past few days. The momentum picked up after buyers surmounted the $0.23 resistance on Nov. 10.The long wick on the Nov. 11 candlestick shows that the bears are trying to stall the up move at $0.30.
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