The bearish influence on the market is strong today.
The total crypto market cap has declined by an additional 2% over the last day, bringing this figure to about $1.55 trillion (from yesterday’s 1.60 trillion).
The crypto market is also almost completely red today, save for a few stablecoins like USDT, USDC and DAI.

Despite the bearishness, however, the amount of liquidations only rose from about $105 million yesterday to $158 million today.

This time around, the bulls took the worst hits and contributed about $129 million to the total We can conclude today, that the bears are in control.  

Consolidations Stiffen On Bitcoin
According to the charts, Bitcoin remains in a bearish consolidation, after its rejection from $44,700.

Bitcoin currently trades at $41,100 and is only a few inches from breaking below this crucial support. In terms of how low Bitcoin can go, analysts have varying opinions from $40,000 to $38,000 and even $31,000.
However, Bitcoin so far, has normalized on the RSI and currently sits at about 54. This points towards neutrality in the market and the possibility of the bulls retaking control soon.  

Only A Few Inches More For Ethereum
According to the charts, Ethereum is only a few more dollars away from breaking below the crucial $2,150 support.

So far, nothing seems to be holding Ethereum back from this fate, and investors need to brace up for a possible decline to $2,000 at least if this breakdown occurs.
Like Bitcoin, however, Ethereum is showing signs of normalization on the RSI, leading us to believe that a bullish intervention is still entirely possible.  

Stacks (STX) IS Bullish, But There Could Be More
Stacks is one of the most bullish cryptocurrencies on Binance at the time of writing. According to the stats, Stacks is trading at about $1.16 and is the second-largest gainer on Binance after moving up by about 13%.

According to the charts, Stacks has been trying to break through the $1.14 resistance sustainably for most of the year and has failed so far.
This time around (as shown above, Stacks is making another attempt at this feat and may turn out to be successful this time around.  

Bluzelle (BLZ) Could Be Poised For Better Gains
Bluzelle has just broken through the $0.3348 resistance today and may be aiming for higher highs as shown below.

This is similar to the price action of Stacks and puts the price targets for Bluzelle at anywhere between $0.419 and $0.666.  

Polkastarter (POLS) Is Attempting A Break Above $1.04
Polkastarter appears to be attempting a break above $1.04 for the first time since May 2022.

POLS currently trades at around $1.04 and is up by 9% over the last day. This ranks the cryptocurrency as the 6th largest gainer on Binance. There are no guarantees of a breakout from $1.04, but if a breakout does happen from here, we can expect a 40% rally from here to around $1.4.  

#BTC #ETH #STX #BLZ #POLS
$STX $BLZ $POLS

It’s a new month today, and Bitcoin has just crossed over the $38,000 resistance.
The total market cap for the crypto market has advanced by 1.14% over the last day, from yesterday’s $1.43 trillion to $1.33 trillion today.
The crypto market also looks like this:

As shown above, the market is mostly green, and we can conclude that the bulls are in control today. The total market liquidations have also declined over the last day, showing that not many people were caught by surprise when Bitcoin crossed over $38,000.

The total liquidations over the last day sits at $56.77 million, with the bears taking the majority of hits at $56 million.    

Will Bitcoin Close Above $38,000?
Bitcoin has still not closed above $38,000, despite breaking above multiple times. Today’s price hangs just around $38,100 at the time of writing, with today’s candlestick appearing more bullish, compared to yesterday’s.

Bitcoin still needs a break and close above $38,000 to confirm fresh new bullish momentum, and a price rally for December cannot fully start without one.  

Ethereum Rebounds From Yet Another Low
Ethereum has been heavier on the bearish side a lot more than Bitcoin.
While Bitcoin has broken through $38,000 and is waiting for a close above this price level to confirm its bullish momentum, Ethereum has been focused on making lower lows.

This either indicates more bearish tendencies compared to Bitcoin, or a more solid foundation for a powerful Ethereum rally. To conclude things, Ethereum is bound to retest and break past $2,150 very soon, and reclaim $2,500.  

Perlin (PERL) Doubles In One Day
Perlin, or $PERL is the #1 top gainer on Binance after its 112% price gain over the last day, at the time of writing.

It is interesting how PERL’s +100% gain over the last day, was accompanied by a drastic price decline below a major support level only a few days ago.

PERL has successfully broken above $0.01367 once again but will need to close above this resistance to confirm its price recovery.  

Polkastarter (POLS) Is Worth Looking At
POLS is the 4th largest gainer on Binance, with an 18% price gain over the last day. In the charts, the cryptocurrency has been bullish for far longer than the last 24 hours and is on the verge of breaking past a major support.

POLS has already broken past $0.475 in the charts and only needs to close above to confirm its bullish momentum. If this close above occurs, we can finally see a 56% rally to $0.2691.  

Is The Ordinal (ORDI) Hype Coming Back?
Bitcoin ordinals used to be all the hype a while ago before some of their popularity faded, and the ordinals token declined for a retest of $18.5.
Over the last day, however, ORDI has risen by 9.5% and is ranked as the 10th largest gainer on Binance.

In the hourly chart shown above, we can conclude that the cryptocurrency is attempting to rebound from $18.5 and break above $21.5. If a break above this price level occurs, we can see a price rally on ORDI to as high as $23.9, or even higher.  

#BTC #ETH #PERL #POLS #ORDI
$ETH $PERL

The bulls and bears continue to battle for dominance today, as shown by the 1.3% increase in the total market cap from $1.61 trillion to $1.62 trillion.

So far, the crypto heatmap shows us that the bears are winning on the major cryptocurrencies, while the bulls have most of the altcoins. This closely packed tug of war is shown more by the crypto market's liquidations over the last day.

According to Coinglass, $176 million has been taken from traders over the last day, with $76 coming from the bulls and $99 million coming from the bears.
This means that the fight between the bulls and the bears is a closely packed one, but the bulls have a slighter advantage today.    

Bitcoin Makes New Higher High: But Not High Enough
According to the charts, Bitcoin has broken above its previous lower high of $43,473. This means that while Bitcoin currently trades at around $43,600, this high isn’t high enough.

To confirm a truly bullish stance from here, Bitcoin needs to break above the 8 December high of $44,700.
However, Bitcoin's recent higher high over the last day may be a good sign that we are about to see a breakout attempt, or at worst, a retest of $45,000.    

Ethereum Remains Stuck
The bullishness from the rest of the crypto market doesn't seem to affect Ethereum, as the cryptocurrency continues to stall around $2,200 - $2,150.

This heaps reality on a possible break below $2,150 and a decline to $2,000 if the bulls fail to take action from here.  

Keep An Eye Out For BAKE
BakeryToken or BAKE has been bullish for more than the last 24 hours.

The cryptocurrency has just recently broken through the $0.36 resistance and is facing some degree of consolidation around this point.
According to the charts, BAKE has the potential to reach anywhere between $0.41 and $1.45, depending on how much momentum the bulls are able to generate from here on out.    

IOTX Is Still Green
IOTX made the list yesterday and is still green today. According to Binance, the cryptocurrency is up by about 28% over the last day and currently trades at about $0.0644.

IOTX’s growth has been explosive as of late, as shown by the chart above. However, the cryptocurrency is currently facing resistance after rallying straight up to $0.06424.
This means that if a breakout occurs from this zone, IOTX may continue further upwards and reach a high of around $0.086. However, take note. A steep decline awaits IOTX, should a price rejection come in at this point.  

Possible Rally To $1.95 On Polkastarter (POLS)?
According to Binance, Polkastarter is up by about 23% over the last day and is ranked the 4th best-performing cryptocurrency on the exchange.

In the charts, we can see that Polkastarter just crossed the $1.24 resistance over the last day, and is in a consolidation phase.
At this point, the bulls and bears will decide on whether POLS continues further up by another 50% to the $1.95 price target, or down again to the $1 zone or lower.

#BTC #ETH #BAKE #IOTX #POLS
$BAKE $IOTX $POLS