The cryptocurrency market has been volatile in the past two days, with significant fluctuations. The Microsoft shareholder meeting previously mentioned resulted in a vote against the Bitcoin investment proposal, coupled with Google's announcement of the quantum chip Willow, which also caused considerable market turbulence. Retail investors are cutting losses, yet the net inflow into Bitcoin ETFs continues to maintain inflows. Last night's announcement of the U.S. November CPI was also in line with expectations, and the funding rate has dropped directly to 0.
The market has lightened up, and the price could again stand above $100,000 tonight. So, what is the future direction for Bitcoin? In January next year, when Trump takes office, there are reports that he hopes Bitcoin can reach $150,000 early in his term, which may not be unfounded, as he has previously mentioned using Bitcoin as an asset.
Why has Trump accepted and started supporting Bitcoin? Musk said that the $35.7 trillion debt could likely lead the beautiful country to bankruptcy, which could also send Bitcoin soaring. So, more favorable policies will surely be announced then. The second largest $ETH may take altcoins along to rise. Friends, do you think Bitcoin can reach $150,000 next year?
Returning to today's daily $BTC market analysis, from the K-line perspective, the 1-hour level is down, the 4-hour level is up, the 12-hour level has entered an upward trend, and the daily level's increase has not yet been confirmed. The intraday resistance level is $102,600, and the support level is $98,230.
The 4 major cryptocurrencies with 100x upside potential!
POL
The current trading price of POL is between $0.59 and $0.64. Over the past month, its price has increased by about 51%, but it has dropped about 11% this week. The relative strength index is 37.66, indicating that it is close to oversold levels. The 10-day simple moving average is below the 100-day average, suggesting a potential upward trend.
If the POL price breaks through the resistance level of $0.88, it may reach the next level of $1.08, which would represent a significant increase from the current price. On the other hand, if it falls below the support level of $0.48, it may decline further.
Aptos
Aptos has fallen 11.11% in the past week, with prices ranging from $11.79 to $13.10. The token is currently close to its support level of $11.03, indicating a potential rebound.
The relative strength index (RSI) is 30.87, indicating that APT is approaching the oversold area. This could lead to a price rebound to the resistance level of $15.12, a significant increase from the current level.
However, the MACD is negative at -0.55, indicating that bearish momentum persists. Investors are watching to see if the price can break through the 100-day simple moving average of $14.02, which may signal further increases in stock price.
ADA
Cardano has recently experienced a decline, with a 1-week price change of -8.38%. The trading price is between $0.95 and $1.10, close to the recent support level of $0.92. The relative strength index (RSI) is 34.27, indicating that the token is approaching an oversold state. The MACD level is a negative -0.039, suggesting a continued decline.
Nevertheless, the token has increased by 102.41% over the past month, showing rebound potential. If the price stays above the support level, it may target the recent resistance level of $1.46, potentially leading to an upward trend. Investors are closely monitoring these levels to assess Cardano's next steps.
SOL
The trading price of Solana (SOL) is between $219.27 and $251.07, indicating that its current price range is stable. The recent resistance level is at $264.92. If this resistance level is broken, the price may test the next resistance level of $296.73. The recent support level is at $201.32, providing a buffer for declines. Over the past month, Solana's price has increased by 8.63%, indicating growth potential.
The 10-day simple moving average is slightly below the current price range, while the 100-day average is $233.54. The relative strength index is 38.02, indicating that the token is approaching the oversold area. If buying pressure increases, this could imply a potential upward trend.
