Bitcoin, Ethereum, Ripple, Solana, Binance Coin, Dogecoin, Cardano, Avalanche, TON, Shiba Inu: Price Analysis on 12/6

Recently, Bitcoin broke through the monumental $100,000 mark, an exciting moment for the crypto world. Although there was a slight dip to $90,000, the bulls quickly bought the dip and pushed the price back above $100,000 on December 6th.

Traders are now wondering – is this the peak for Bitcoin in the short term, or are there still buying opportunities with every dip? Cathie Wood, the founder and CEO of ARK Invest, believes that Bitcoin is still in the early stages, emphasizing that it’s a much bigger idea than gold.

While many analysts are optimistic about Bitcoin’s long-term potential, some are taking a more cautious approach in the short term. Tony Sycamore, an IG market analyst, suggests that while the recent drop doesn’t signal the end of the bull run, it could lead to a consolidation phase ahead.

The key question now is whether Bitcoin will break past $104,088 or enter a period of range-bound trading. All eyes are also on altcoins to see if they will start to gain attention.

Looking at the charts, Bitcoin shows strong support at $100,000, with potential resistance at $104,088 and targets set at $113,331 and $125,000. On the other hand, Ethereum is edging closer to the $4,000 mark with strong support at the 20-day EMA.

XRP has seen a pullback near $3, with support levels between $2.09 and $2.28. Solana, BNB, DOGE, ADA, AVAX, and TON are all in the midst of battles between bulls and bears as they try to establish new levels of support and resistance.

Overall, the crypto market is experiencing a mix of optimism and caution, with the potential for both bullish and bearish scenarios in the near future. Investors should keep a close eye on key levels and indicators to navigate these exciting times in the crypto space.