Analysis of Prices on 11/15: Bitcoin, Ethereum, Solana, Binance Coin, Dogecoin, Ripple, Cardano, Shiba Inu, TON, Avalanche

Bitcoin saw a slight pullback recently, but the bulls are still hoping for a push towards $100,000 in the near future. Michael Saylor, a well-known Bitcoin enthusiast, is confident that the price won’t drop to $60,000 as some have predicted. He believes that Bitcoin will hit $100,000 by the end of the year. Similarly, Matthew Sigel from VanEck also expressed optimism, suggesting that Bitcoin could continue hitting new all-time highs over the next few quarters, with a potential price target of $180,000 next year.

Despite these positive predictions, it’s important to remember that markets don’t always move in a straight line. There are often sharp dips following strong rallies, which can shake out weak investors. Jamie Coutts, a crypto analyst, noted that the strength of the US dollar may not be ideal for Bitcoin in the short term, even though he remains bullish in the long run.

Now, let’s take a look at the current state of the top 10 cryptocurrencies:

Bitcoin formed an inside-day candlestick pattern, showing indecision between buyers and sellers. However, the moving averages and the relative strength index (RSI) signal an advantage for buyers. If Bitcoin can break above $93,265, we could see a move towards $100,000. On the flip side, a drop below $85,000 could lead to sharp selling pressure.

Ethereum is currently at the 38.2% Fibonacci retracement level, which may attract buyers. If the price can push above the downtrend line, we might see a rally towards $3,800 and beyond.

Solana is holding above the breakout level of $210, indicating bullish momentum. A move above $225 could lead to a surge towards $260, but a drop below the 20-day EMA may signal a rejection of the breakout.

Binance Coin (BNB) is finding support at the 20-day EMA, with potential upside towards $667 and beyond if the bulls can maintain control.

Dogecoin’s pullback is finding support near the 38.2% Fibonacci retracement level. A move above $0.44 could push the price towards $0.50 and higher, while a drop below $0.35 may lead to a decline.

XRP broke out of its range and could aim for $1.07 if it holds above $0.74. Conversely, a drop below $0.74 may lead to a correction.

Cardano is showing signs of aggressive buying, with resistance at $0.66. A move above this level could result in a rally towards $0.77, while a failure to close above $0.66 may lead to a drop to $0.60.

Shiba Inu has pulled back to the 20-day EMA, a key level to watch. A bounce from here could lead to a move towards $0.000029 and potentially higher.

Toncoin is struggling to start a strong rebound, with resistance at $5. A move above this level could signal a rally towards $6 and beyond, while a drop below the moving averages may indicate continued bearish pressure.

Overall, the crypto market is experiencing some fluctuations, but there are still opportunities for growth and bullish momentum in the near future. It’s essential to stay informed and monitor price movements carefully to make well-informed investment decisions.