Bitcoin is at an exciting time in the market, with recent technical patterns and market trends pointing to new growth peaks. In the current trend, the Cup and Handle pattern is forming an important bullish signal, a classic chart pattern that usually indicates strong upside potential. If the pattern is completed, Bitcoin's target price may reach $126,000.
Factors driving Bitcoin prices up
ETF fund inflows: A large amount of funds have recently poured into Bitcoin ETFs, with inflows reaching billions of dollars this week, which has directly reduced the supply of Bitcoin available in the market, while demand continues to increase. Such supply and demand dynamics have greatly driven prices up and accelerated the progress of Bitcoin's bull market.
Technical analysis and bullish patterns: The cup and handle pattern that appears in technical analysis is an optimistic signal for investors, usually indicating that market sentiment is strengthening. Through Fibonacci extension level analysis, Bitcoin may continue to move steadily higher in the future, with a potential breakthrough target price set at $126,000.
Key Price Level Outlook
Analysts believe that the following key price levels may affect the short-term and long-term trend of Bitcoin:
$94,000 - 95,000: Resistance in the short term, a break above which is expected to more firmly support the current upward trend.
$102,000: Key resistance point based on Fibonacci retracement levels, which may bring a short-term correction.
$113,000: The next price target that is expected to be reached after breaking through $102,000.
$126,000: This is the final target price that analysts believe if the cup and handle pattern is fully formed.
With the combined effect of Bitcoin ETFs, market demand and bullish patterns, Bitcoin's bull run may have just begun. With the increasing participation of institutional investors, Bitcoin may continue to climb in the short term. It will be prudent and necessary to keep an eye on future trends, especially when prices approach key resistance levels. #BTC连续破新高，你看到多少？ $BTC $DOGE $SOL

Recently, the cryptocurrency industry has once again witnessed a shocking tragedy. Well-known crypto influencer Kevin Mirshahi was found dead in the Île-de-la-Visitation Park in Montreal, Canada, and his body was already decomposed. Police confirmed that this was the first trace of him found after he was kidnapped in June. Regarding Mirshahi's death, a 32-year-old female suspect, Joanie Lepage, has been arrested and charged with first-degree murder, but it is not clear whether this incident is directly related to Mirshahi's cryptocurrency business. Mirshahi once operated a private crypto investment company "Crypto Paradise Island", but his business practices were not recognized by Canadian financial regulators. Due to his violations, Quebec regulators imposed a brokerage and investment advisory ban on him in 2021, and extended the ban again shortly before he was kidnapped. This incident has made people pay more attention to the security risks in the cryptocurrency industry. In recent years, kidnapping and extortion incidents have been common among cryptocurrency practitioners. This year alone, Dean Skurka, CEO of Canadian crypto platform WonderFi, was kidnapped and forced to pay a ransom of up to $1 million. In addition, violent incidents against crypto investors have also occurred in Ukraine, Malaysia and other places. Since the funds involved in the cryptocurrency industry are often difficult to track, criminals often target cryptocurrency practitioners.
The follow-up investigation of this case may reveal more details, but in any case, it once again sounded the alarm for cryptocurrency practitioners: while pursuing wealth, security cannot be ignored. On this road full of opportunities, crypto investors must always be vigilant, improve their self-protection awareness, and avoid unnecessary risks.

The recent volatility and selling pressure in the memecoin market has caught my attention, with Dogecoin (DOGE) in particular exhibiting higher volatility and risk. While Bitcoin (BTC) has remained relatively stable after a brief dip, memecoins have not rebounded, a phenomenon that reveals the market sensitivity and volatility of memecoins.
When the Bitcoin market was slightly volatile, the memecoin index (including DOGE, SHIB, etc.) came under significant selling pressure. According to data, the cumulative trading volume of meme coins has dropped sharply, especially the trading volume of USDT on Binance dropped to -$98 million. This shows that the meme coin has encountered strong selling pressure in the past 24 hours, which in turn led to sharp fluctuations in the index. This selling pressure often aggravates market uneasiness, leading to the risk of further downside in memecoin prices.
DOGE is particularly notable, with its current Sharpe ratio lower than that of most mainstream meme coins, showing lackluster risk-adjusted returns. This risk ratio means that while DOGE may bring significant benefits, the risks cannot be underestimated. For investors with a lower risk appetite, this volatility may be a turn-off, attracting investors with a higher risk tolerance instead. Recent trading activities also show that DOGE’s trading volume increased rapidly at the end of the year, and its trading dominance is expected to be further consolidated.
If the market stabilizes in the coming volatility, DOGE's dominance and continued active trading volume may provide it with new upside. I will keep a close eye on DOGE's trading trends, especially if there is further institutional buying or market confidence increases, DOGE may reach new highs and solidify its leadership position in the meme coin market. #加密货币总市值破3万亿美元 $DOGE
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Recently, Dogecoin (DOGE) has outperformed Bitcoin (BTC) by a wide margin, which has sparked the interest of many investors. I believe that the rapid rise of this meme coin is not just a coincidence. In the past few weeks, the price of Dogecoin has risen continuously, with a rise of 250%, not only outperforming Bitcoin, but also showing strong resilience in the market.
From an investment perspective, the low transaction cost of Dogecoin is an important reason for attracting retail investors. Compared with the high transaction fees of Bitcoin, the transfer fees of Dogecoin are much cheaper, especially suitable for daily small transfer needs. For example, some investors have found a practical way to remit money across borders on Dogecoin - such as sending money to relatives in countries with high inflation pressure. This cost advantage allows Dogecoin to continue to increase its practical application in daily life.
At the same time, the ecosystem of Dogecoin is gradually expanding, and some payment applications have begun to support Dogecoin payments. For example, a pizza restaurant in New York already supports Dogecoin payments. This increase in acceptance has undoubtedly further strengthened the market foundation of Dogecoin.
Furthermore, Elon Musk is undoubtedly a "super fan" of Dogecoin. His support has once again boosted the market sentiment of Dogecoin and driven a large number of transactions. As a trader, I believe that Musk's support, regardless of the motivation, will continue to guide the market's attention to Dogecoin, and this type of speculative sentiment will remain high in the short term.
Overall, I am cautiously optimistic about the future trend of Dogecoin. Meme coins are highly volatile and significantly driven by emotions. For speculators and day traders, Dogecoin is currently an attractive asset. However, virtual currency traders like me need to keep an eye on the market sentiment behind Dogecoin, the development of payment applications, and the dynamics of key holders in order to capture more opportunities in this highly volatile market. #马斯克将领导美国政府效率部 $DOGE
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Binance founder Zhao Changpeng (CZ) recently responded to discussions about the Bitcoin 'apocalypse' prophecy on the social media platform X. He cited an archive called 'Bitcoin is Dead,' which collects critical comments and negative predictions about Bitcoin from prominent figures across various industries, documenting the various doubts and pessimistic views since Bitcoin's inception. CZ emphasized that investors should take personal responsibility when facing these comments, stating: 'If you believe these people's predictions, you can only blame yourself.'
CZ's remarks highlight the long-standing volatility of the crypto market and Bitcoin's history of being widely questioned yet still strengthening over time. As the digital currency ecosystem continues to evolve, the historical record of this archive serves as a reminder to investors that Bitcoin has demonstrated remarkable resilience in the face of numerous challenges.
CZ advises investors to conduct independent, comprehensive analysis to avoid being misled by short-term market sentiments and to maintain keen insights into trends and technological developments that influence Bitcoin and other mainstream digital assets, in order to face market fluctuations more rationally. #BTC连续破新高，你看到多少？ $BTC
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Bitcoin: The Ultimate Hedge Against Fiat Currency Devaluation in the Proposed Economic Policies of the Incoming Trump Administration. In Arthur Hayes' article 'Black or White,' the BitMEX co-founder explores the potential economic policies that the incoming Trump administration may adopt and their potential impact on cryptocurrencies. Hayes believes that the economic policies of the Trump administration may follow a development model similar to that of China, focusing on increased fiscal stimulus and implementing industrial policies to promote the return of manufacturing to the United States. This may involve providing tax incentives and subsidies to key industries, encouraging banks to offer low-cost financing to these sectors. Such policies could further expand bank credit, possibly exceeding the $4 trillion stimulus plan during the pandemic. In this context, Bitcoin is seen as the 'ultimate tool' to hedge against fiat currency devaluation. If fiscal stimulus and credit expansion in the U.S. economy lead to dollar depreciation, cryptocurrencies, especially Bitcoin, may become the preferred choice for hedging against inflation and fiat currency devaluation. Hayes points out that Bitcoin's scarcity and decentralized nature make it a more attractive safe-haven asset in such an environment. Some analysts predict that if this economic situation persists, the price of Bitcoin could soar to $1 million, becoming a crucial asset for protecting wealth from the erosion of fiat currency devaluation. For investors, with possible policy adjustments, they may need to reassess their cryptocurrency portfolios to better cope with the future economic environment. After the implementation of the Trump administration's policies, investors should closely monitor signals of inflation and dollar devaluation, as these may have significant impacts on the crypto market. As a 'digital gold,' Bitcoin may be increasingly regarded by individuals and institutions as a key component of asset allocation in this broader context.

Dogecoin and ADA have soared over 50%! Why? Because the crypto market is reacting to Trump’s leadership prospects. According to a recent report by Bloomberg, after elected President Trump won the election, investor sentiment towards the cryptocurrency industry surged. This optimism has driven several small-cap cryptocurrencies to rise significantly, outperforming Bitcoin. Specifically, Dogecoin (DOGE) increased by about 50% in just five days. Additionally, Cardano's native token (ADA) is even more impressive, growing over 60%, thanks to founder Charles Hoskinson mentioning potential collaborations with U.S. lawmakers in a recent podcast. Moreover, well-known cryptocurrencies like Polygon (POL), Cosmos (ATOM), Solana (SOL), and Algorand (ALGO) all saw gains exceeding 7% during the same period, outpacing Bitcoin. As BTC Markets Pty CEO Caroline Bowler said: "A rising tide lifts all boats", indicating that the entire cryptocurrency market can benefit from this promising political landscape. #DOGE飞”狗“在天 $DOGE
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Dogecoin (DOGE) is showing strong upward momentum, and market analysis suggests it may rise another 50% in the coming days. As the leader in the crypto meme space, DOGE has increased by over 45% in the past few days, with growing interest from traders and investors.
Factors driving the bullish sentiment for DOGE include recent price movements and positive on-chain indicators. According to IntoTheBlock's data, the large transaction volume of DOGE has increased by 5.5% in the past 24 hours, which typically indicates increased participation from large funds or whales, further boosting bullish expectations.
The key resistance levels to watch next will determine whether DOGE can achieve further breakthroughs. Overall, the increase in large trading activity, strong interest from traders, and the accumulation of bullish signals all indicate the upward potential of DOGE. #大盘的下一步？ $DOGE

Ethereum (ETH) trading volume has reached $1 billion, a significant increase that may mark the beginning of a new bull market. Currently, the price of Ethereum is approximately $3,120, sparking heated discussions in the market. As the second largest cryptocurrency by market capitalization, Ethereum has shown robust performance over the years, and the latest surge in activity has rekindled investor interest. #大盘的下一步？
Data shows that Ethereum whale transactions have increased significantly, indicating enhanced confidence among large investors. The activity of whale addresses has a significant impact on price, and the current activity has helped Ethereum reach a 14-week high. This suggests that major investors may be optimistic about Ethereum's potential in this market cycle.
Meanwhile, Ethereum's trading volume has surpassed $1 trillion, and rising network demand often reflects increased market interest, providing strong support for future price increases. As Bitcoin profits gradually flow into altcoins like Ethereum, combined with strong on-chain metrics, Ethereum is expected to get closer to its historical high of $4,800.
After Bitcoin's price reached a new high, Ethereum benefited from the optimistic market sentiment. Investors should closely monitor key support levels as well as whale activity and trading volume trends. With improving market sentiment, Ethereum's price is expected to approach the psychological level of $4,000, potentially driving further rebounds in the altcoin market. Ongoing network expansion and trading activity provide a positive outlook for investors in both the short-term and long-term prospects. #BTC突破8W大关

The price of Bitcoin has surpassed the historical high of $80,000, once again attracting market attention. Accompanying this growth is an increase in trading volume and strong interest from investors, both retail and institutional, showing a keen willingness to participate. At this point, Bitcoin has entered a price discovery phase, and the market has differing opinions on its future direction. Some analysts believe that Bitcoin may continue to rise, but there are also views suggesting that the price may face a correction in the short term.
The market sentiment indicator **“Fear and Greed Index”** has reached 78, indicating “Extreme Greed.” Generally, such a high index means that market sentiment is overly optimistic and may trigger a pullback in the short term, especially at new highs. CryptoQuant CEO Ki Young Ju mentioned that 100% of Bitcoin addresses are currently in profit, which could prompt some investors to sell at peaks to lock in profits.
Ju also pointed out that Bitcoin's current trend may face a fourth wave correction, which typically occurs after a rapid price surge, laying the foundation for subsequent upward momentum. #BTC突破8W大关 $BTC

The International Monetary Fund issues a terrifying warning to the United States regarding its 'loose fiscal policy,' with a debt explosion of $1,920,000,000,000. Due to a prolonged loose fiscal policy, the growth of U.S. debt has reached an unsustainable level, requiring urgent adjustments. The IMF believes that despite many countries around the world starting fiscal consolidation after the pandemic and cost-of-living crisis, the debt trajectory of some countries, including the United States, remains concerning, lacking effective discipline and enforcement. According to the latest data from the U.S. Treasury, since the beginning of 2023, U.S. national debt has increased by approximately $1.92 trillion, reaching a total of $35.91 trillion as of November 5. In July of this year, U.S. national debt surpassed $35 trillion for the first time, and as of now, it is less than $90 billion away from $36 trillion. The IMF warns that without credible adjustment measures, future debt will continue to grow, leading to further deterioration of the U.S. fiscal condition. The IMF specifically points out that the fiscal situation of the United States and China is most critical, and suggests formulating plans with specific debt targets to stabilize fiscal dynamics and enhance market confidence. The IMF also notes that overly aggressive tightening policies may backfire, harming economic activity, while delaying adjustments increases debt risks. Furthermore, the IMF predicts that global public debt is expected to reach $100 trillion by the end of 2024, and by 2030, global debt levels will reach 100% of global GDP. The IMF emphasizes that in the current global environment of high inflation and elevated interest rates, countries should cautiously balance the strength of fiscal adjustments to avoid further economic and market turmoil caused by excessive stimulus or delays in consolidation.

The founder of the notorious dark web cryptocurrency mixer 'Bitcoin Fog', Roman Sterlingov, has been sentenced to 12.5 years in prison and faces a forfeiture payment judgment of approximately $395.5 million. This is a significant ruling in the U.S. government's crackdown on cryptocurrency mixers. The U.S. Department of Justice stated that 'Bitcoin Fog' provided a channel for criminals to conceal illegal proceeds over the past decade, involving transactions of over 1.2 million bitcoins.
Although prosecutors sought a sentence of 20 to 30 years, the final ruling was lighter. Sterlingov maintained throughout the process that he was merely a user of the service and not the operator. Commentators believe that this case highlights the U.S. government's crackdown on financial privacy and sends a warning signal to cryptocurrency mixers.
Additionally, other mixer founders are facing similar charges. For example, 'Tornado Cash' co-founder Roman Storm is set to appear in court in 2025 for money laundering and sanctions violations, while individuals associated with 'Samourai Wallet' also face money laundering charges. $BTC

BlackRock's iShares Bitcoin Trust (IBIT) has surpassed its 19-year-old Gold Trust (IAU) in asset size, reaching a total of $33.2 billion, growing by about 10% since the beginning of the month. This marks an increase in the popularity of Bitcoin among BlackRock's clients. Especially after Trump was elected as a crypto-friendly U.S. president, the demand for Bitcoin has noticeably increased, with prices hitting new highs, while gold has remained relatively stable.
In the U.S. spot Bitcoin ETF market, BlackRock's IBIT holds a 42% market share, with the total market net assets reaching $78.5 billion. Bitwise's Head of European Research, Andre Dragos, pointed out that the inflows since the ETF's launch have far exceeded those for gold, reflecting growing investor interest in Bitcoin and the increasing acceptance of cryptocurrencies in financial instruments. #BTC创历史新高 $BTC

Bitcoin sentiment has entered the extreme greed zone, indicating high investor enthusiasm. As Bitcoin prices hit new highs, Alternative's 'Fear and Greed Index' reached 77, surpassing the greed threshold of 53. This index reflects market sentiment by analyzing five factors: volatility, trading volume, market cap dominance, social media sentiment, and Google trends.
Generally, an index above 53 indicates greed, while below 47 indicates fear in the market. The current value of 77 shows that market sentiment has reached an extreme greed level. Compared to yesterday's normal greed zone, the change in sentiment is significant, indicating a growing demand and investment enthusiasm for Bitcoin. #BTC创历史新高 $BTC

Ethereum (ETH) briefly broke through $2900 today, currently trading at $2919, with a 24-hour increase of 7.85%, likely to challenge $3000. After a seven-day low of $2388, Ethereum rebounded quickly, having risen over 15%. Technical indicators such as the 14-day RSI stand at 41.25, and moving averages indicate 'strong buy', with market capitalization increasing by 5% to $351.44 billion.
In recent weeks, Ethereum faced setbacks: co-founder Vitalik Buterin's sale of ETH triggered negative market sentiment, Solana, as the fastest-growing trading chain, diminished Ethereum's appeal, and there has been a continuous outflow of Ethereum ETFs. However, after November 5, as the impact of the U.S. elections dissipated, ETH became a major beneficiary of a new cycle in the crypto market. After Bitcoin surpassed $75000, Ethereum also broke through the $2500 mark, with ETF inflows rebounding. On November 6, Ethereum's net inflow reached $52.29 million.
As of November 6, reaching a peak of $2618.78, market expectations for Ethereum to set new highs have warmed. Mainstream predictions suggest that ETH is likely to break through $3000 by the end of November and reach $4000 by the end of 2024. #美联储利率决议来袭 $ETH

JPMorgan maintains a bullish outlook on Bitcoin, expecting it to continue growing until 2025. The bank's analysis suggests that Trump's economic policies may reinforce 'devaluation trade' strategies, as they could increase tariffs, escalate geopolitical tensions, and drive debt expansion, making Bitcoin and gold safe-haven assets against currency devaluation. Additionally, MicroStrategy's '21/21 plan' will invest $42 billion over the next three years, further boosting Bitcoin demand. Meanwhile, retail investors' interest in Bitcoin and gold is also rising, especially through ETFs. JPMorgan expects central banks to increase gold reserves to cope with uncertainty risks. #美联储利率决议来袭

BlackRock Bitcoin ETF Hits Record High #BTC创历史新高
BlackRock's iShares Bitcoin Trust ETF (IBIT) saw a surge in trading volume this week, reaching $1 billion in just 20 minutes, indicating strong market interest in Bitcoin. ETF analyst Eric Balchunas noted that IBIT's trading volume has increased against the trend, coinciding with a rebound in BTC prices, suggesting that a 'feeding frenzy' of demand has been ignited.
Key Points:
Trading Volume and Capital Inflows: IBIT reached a trading peak of $3.5 billion last month, driving $1.8 billion in net inflows, and the current surge in trading volume could trigger a new wave of inflows.
Coinbase Premium Returns: For the first time in five weeks, BTC prices on Coinbase were higher than on other platforms, indicating increased demand from U.S. investors.
Attracting Mainstream Investors: Bitcoin ETFs provide a regulated way for traditional investors to gain exposure to crypto, and recent inflows suggest new capital is entering the crypto market, not just funds shifting from exchanges.
Market Impact: BTC ETFs are becoming a primary investment avenue for both institutional and retail investors, gradually attracting mainstream investors in a well-regulated environment. This trend may mark the beginning of more institutions entering the crypto market through ETFs. $BTC

Trump and Bitcoin Winds: BTC Breaks Historical High Price Record After 10 Months! As Trump Defeats Competitor Kamala Harris in the U.S. Presidential Election, Bitcoin Breaks Record on Wednesday's Asian Trading Session, Rising Over 8% to Surpass $75,000. Donald Trump Wins the Election in Two Key States, with Results in Other States Still Unclear. Although the Results Are Not Finalized, Current Data and Expectations Have Been Enough for Bitcoin to Break Historical Records.#BTC创历史新高

Altcoins Also Rise Along with Bitcoin, Ethereum (ETH) Up 6.6% to $2589; Solana (SOL) Up 15.1%; Dogecoin (DOGE) Up 25%; XRP Up 4.9%; Avalanche (AVAX) Up 13.3%; Suii (SUI) Up 20%.

Donald Trump Gained Attention During His Presidential Campaign for Supporting Bitcoin and Cryptocurrencies. At This Time, Trump Stated He Would Not Allow the U.S. Government to Sell Its Bitcoin and Claimed He Would Make America a Bitcoin Superpower.

Trump Frequently Mentions Bitcoin and Cryptocurrencies at His Rallies, Saying, "Never Sell Your Bitcoin." It Is Well Known That Trump Also Stated He Would Fire Current SEC Chair Gary Gensler After Taking Office, Who Holds a Negative Stance on Cryptocurrencies.#美国大选后涨或跌？ $BTC

#BTC创历史新高 Why did the price of Bitcoin rise today? As the likelihood of Donald Trump becoming the next President of the United States continues to increase, Bitcoin has surpassed the $74,700 mark and is gradually approaching $75,000, with trading prices nearing historical highs. If Donald Trump officially wins the U.S. presidential election, will Bitcoin reach the milestone of $80,000 today? Coinpedia's latest BTC price analysis focuses on the U.S. election and will reveal Bitcoin's next potential price target. With Trump leading with 230 seats in the election and Kamala Harris holding 187 seats, the Republican Party is steadily moving towards victory. Currently, as of the time of this writing, Trump has garnered 51.7% of voter support, which increases his chances of becoming the next President of the United States.

In addition, Trump is leading in most of the key swing states that will determine the U.S. presidential election. On Polymarket, the probability of Donald Trump becoming the next President has surged to 94.6%. Betting amounts are gradually approaching $15 billion, while Kamala Harris's odds have dropped by nearly 5%.

Amid this increasingly bullish sentiment, Bitcoin's dominance is gradually approaching 60%. Meanwhile, altcoins are close to double-digit gains. Among the top-performing cryptocurrencies, Solana has risen nearly 17%, surpassing Binance to become the fourth-largest cryptocurrency, with a market cap of $88 billion and a current trading price of $186.

The best-performing cryptocurrencies include Goat, which has surged 46% in 24 hours, followed by Dogecoin and Uniswap, which have risen 30% and 23.6%, respectively. Dogecoin's market cap has reached $30 billion, with a current trading price of $0.2104, slightly approaching a 52-week high.

Looking back at Bitcoin, the BTC price chart shows a huge bullish engulfing candle as the re-tested momentum strengthens. In the past 24 hours, Bitcoin has risen by 9.28%, with a market cap nearing $1.5 trillion. $BTC