Key takeaways

• BTC is down 1.35% and is trading around $90,500.
• The leading cryptocurrency has stabilized ahead of tomorrow’s FOMC meeting.

BTC stays above $90k ahead of the Fed rate decision

Bitcoin began the week bullish, hitting the $93k level on Monday. However, it has lost 1% of its value in the last 24 hours and is now trading above $90k. 

The mixed performance comes as traders look forward to tomorrow’s Fed rate decision. The Federal Reserve is expected to reduce its benchmark lending rate by a minimum of 25 basis points. 

The US Personal Consumption Expenditures (PCE) Price Index, released last Friday, did little to influence expectations for further policy easing by the apex bank. 

In addition to that, institutional demand for Bitcoin-related funds shows a decline in selling pressure compared to previous weeks. Data obtained from SoSoValue revealed that S-listed spot Bitcoin ETFs recorded a mild outflow of $60.48 million on Monday.

Bitcoin’s recovery could be determined by the ETF inflow as institutions play a crucial role in boosting demand. 

Finally, Michael Saylor’s Strategy announced on Monday that it had acquired 10,624 bitcoin for $962.7 million between December 1–7 at an average price of $90,615. Thanks to this acquisition, the company now holds 660,624 BTC, valued at $49.35 billion. 

Bitcoin could rally towards $97k

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed positively in recent days. The cryptocurrency faced rejection from the 61.80% Fibonacci retracement level at $94,253 last week, dropping to the $88k level during the weekend.

However, it recovered above $92k on Monday before declining to now trade above $90,500 per coin. 

If the rally continues and the daily candle closes above the $93k resistance, BTC could extend its bullish movement toward the next key resistance at $100,000.

The Relative Strength Index (RSI) on the 4-hour chart is 44, near the neutral 50 level, suggesting fading bearish momentum. However, the RSI needs to move past the neutral level if Bitcoin will surmount the $93k resistance level. 

The Moving Average Convergence Divergence (MACD) showed a bullish crossover last week, which still holds, supporting a bullish bias.

However, if the bullish recovery fails, Bitcoin could revisit the support level around the $85,569 region.

The post Bitcoin stabilizes around $90k ahead of FOMC meeting: Check forecast appeared first on CoinJournal.

Key takeaways

• HYPE is down 8% in the last 24 hours and has dropped below $28.
• Open Interest (OI) declines as retail interest continues to drop.

HYPE dips below the $28 support

HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among the top 20 cryptocurrencies by market cap.

The bearish performance comes as Bitcoin and the other major cryptocurrencies underperform. HYPE could decline towards the $20 psychological level amid a consolidating market. 

HYPE’s bearish performance comes as the coin is losing retail interest due to the current market conditions. Traders are anticipating a rate cut by the Federal Reserve on Monday, but that hasn’t propped up interest in Hyperliquid.

According to CoinGlass, HYPE’s futures Open Interest (OI) is down 5.91% in the last 24 hours to $1.44 billion. The decline suggests a significant liquidity loss in HYPE derivatives as traders adopt a wait-and-watch strategy.

In addition to that, the long liquidations since Monday topped $1.2 million, surpassing short liquidations of $88,160.

HYPE could dip to $20 if the selloff continues

The HYPE/USD 4-hour chart is bearish and efficient as Hyperliquid has lost 8% of its value in the last 24 hours. The coin is currently trading below $28, breaking the support around $29.37.

If the bearish trend continues, HYPE’s daily candle could close below the resistance level at $26.03. An extended selloff will bring the October 10 low of $20.84 into focus. 

The RSI of 29 shows that HYPE is currently in the oversold territory and could record further losses in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a rise in bearish momentum, with sellers currently in control of the market. 

If the bulls retake control of the market, HYPE could reclaim the $30 psychological level before rallying towards the resistance trendline near $34.00.

The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.

Key takeaways

• BCH rallied 15% last week, reclaiming the $600 price in the process.
• The rally allowed Bitcoin Cash to overtake Chainlink and Hyperliquid in the market cap list.

BCH is now the 11th largest crypto by market cap

The cryptocurrency market began the new week bullish, with Bitcoin, Ether, and XRP all in the green. Bitcoin is currently trading above $92k, while Ether is now approaching the $3,200 region.

Bitcoin Cash (BCH) has been one of the best performers among the top 20 cryptocurrencies by market cap. It added 15% to its value in the last seven days, outperforming the broader cryptocurrency market.

The rally allowed BCH to reclaim the $600 level after underperforming earlier this month. At press time, BCH is trading at $594 and could rally higher in the near term. The rally also allowed Bitcoin Cash to overtake Chainlink (LINK) and Hyperliquid (HYPE), and it is now the 11th-largest cryptocurrency by market cap. 

BCH faces resistance above $650

The BCH/USD 4-hour chart is bullish and efficient as Bitcoin Cash has been the best performer among the top 20 cryptocurrencies by market cap in the last seven days. The coin has outperformed Bitcoin, Ether, XRP, and other major altcoins.

The momentum indicators are bullish, suggesting that the buyers are currently in control of the market. The Relative Strength Index of 59 is above the neutral 50, suggesting that the market conditions are flipping bullish. The MACD lines also flipped into the bullish zone last week, flashing a buy signal for the traders.

If the rally continues, BCH could rally towards the next major resistance level at $650, its highest level since the start of the year. The next major resistance stands at $720, its 2024 high.

However, if the recovery fails, Bitcoin Cash could retest the $550 Inducement Liquidity (ILQ) over the next few hours or days.

The post Bitcoin Cash could retest $550 after latest rally: Check forecast appeared first on CoinJournal.

Key takeaways

• ETH is up 3% in the last 24 hours and is now trading above $3,100.
• Whales are optimistic of a price surge in the near term.

Whales open bullish positions on Ether

Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours and is now trading above $3,100 per coin. The rally comes as the broader cryptocurrency market recovered from the slight dip on Sunday.

In addition to that, Ethereum whales are opening long positions as they are optimistic that Ether’s price will surge higher in the near to medium term. The whales are optimistic of a price surge thanks to the upcoming Fed rate decision on Wednesday, with the apex bank expected to reduce its borrowing benchmark by 25 basis points. 

Data obtained from Lookonchain reveals that three whales have opened long positions, totaling 136,433 ETH, worth about $425.98 million.

One whale, BitcoinOG (1011short), has a long position of $169 million in ETH, while Anti-CZ opened another position worth $194 million. The third whale, pension-usdt.eth, opened a long position of 20,000 ETH, worth approximately $62.5 million at current rates.

In addition to these three, other whales have also opened long positions on Ether, with many of them predicting that the cryptocurrency’s price could rally to $4k in the near to medium term. 

Furthermore, BitMine continues to add more Ether tokens to its treasury. Last week, the company added $199 million more ETH, bringing its total holdings to 3.73 million ETH ($13.3 billion), making it the largest corporate holder of ETH. 

Ether could surge to $4k amid growing demand

The ETH/USD 4-hour chart has flipped bullish and efficient as Ether has reclaimed the $3,100 mark at press time, ETYH is trading above $4,100, and could rally higher if the bullish trend continues.

The momentum indicators are bullish, suggesting that buyers are currently in control. The RSI of 62 shows that ETH is currently bullish and could enter the overbought region if the recovery continues. The MACD lines are also within the positive territory, reinforcing the bullish bias.

If the recovery continues, ETH could surge past Thursday’s high at $3,240 with a decisive close, with the next resistance level at the 200-day EMA at $3,459. However, failure to overcome the $3,240 resistance could see Ether drop below $3,000 and retest the November 21 low of $2,623.

The post Ethereum price forecast: Ether eyes $4k as whales open long positions appeared first on CoinJournal.

Key takeaways

• PI is down 2% in the last 24 hours and could drop below $0.22 if the bearish trend continues.
• The technical outlook indicates short-term risk.

PI could dip lower amid poor technicals

Pi Network (PI) has been underperforming over the past three days and risks dropping below a critical support trendline. The on-chain data indicates an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. 

Data obtained from PiScan reveals that user deposits over Pi Network’s Know Your Business (KYB)-verified CEXs totaled 2.75 million PI tokens in the last 24 hours. The deposit is far greater than the withdrawals of 1.76 million tokens. Thus, indicating a daily net inflow of CEXs, suggesting that investors might be selling some of their stash. 

 Will Pi Network drop below the $0.22 support line?

The PI/USD 4-hour chart is bearish and efficient as PI has lost 2% of its value in the last 24 hours. The cryptocurrency is retracing toward a local support trendline formed from the October 22 and November 4 lows. 

At press time, PI is trading at $0.2267, with a bearish trend currently in play. The technical indicators are bearish, suggesting further downward movement. The RSI of 37 shows that PI is heading into the oversold region if the trend continues. The MACD lines are also within the bearish region.

If the trend persists, PI could decline below the Monday low of $0.2204, with another major support just around the $0.1919 region. 

However, if the bulls regain control, PI could reclaim last week’s high at $0.2841. An extended bullish run would allow PI to eye the August 1 low at $0.3220.

However, the current market conditions remain bearish, with PI expected to underperform over the next few days.

The post PI could drop below $0.22 amid a strong bearish trend: Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is up by less than 1% and is currently trading above $93k.
• The coin could rally towards $100k if the bullish recovery continues.

Bitcoin reclaims $94k

The cryptocurrency market has recovered from the dip recorded on Monday, with Bitcoin briefly reclaiming the $94k level on Wednesday. The leading cryptocurrency by market cap is up by less than 1% in the last 24 hours and is now trading above $93k per coin.

The positive performance comes as technical indicators improve across the board, suggesting that retail investors are optimistic about a rally in the near term. 

In an email to Coinjournal, Nic Puckrin, investment analyst and co-founder of The Coin Bureau, pointed out that Bitcoin has staged a remarkable recovery over the past 24 hours, driven by a perfect storm of good news that has finally tipped the balance over in favor of the bulls (Vanguard allowing its clients to buy and sell crypto ETFs).

Furthermore, Bank of America is now recommending a 1%-4% portfolio allocation to crypto, which could bring up to $700 billion in extra liquidity into this asset.

“As a result, Bitcoin has shot up to a key resistance level between $93,000 and $95,000, which also acted as a resistance zone back in April. If it pushes through this, it will attempt to breach the $100,000 threshold again, with the 50-week simple moving average (SMA) at $102,000 a key level to watch. It all depends on whether US buyers continue this momentum when the New York market opens this morning,” Puckrin added.

Bitcoin looks to overcome the $93k resistance

The BTC/USD 4-hour chart is bearish and efficient despite Bitcoin performing positively this week. The technical indicators have improved, with the bulls currently in control.

The RSI of 61 shows that Bitcoin could be heading into the overbought territory if the buying pressure continues. The MACD lines also switched bullish on Tuesday, confirming another strong bullish bias.

If the bullish trend persists, BTC could surge towards the next major resistance level at $96,399 over the next few hours or days. However, if the bulls fail to push higher. Bitcoin could retest the liquidity level just below $91k.

The post Bitcoin price forecast: BTC eyes breakout to $100k as technicals improve appeared first on CoinJournal.

Key takeaways

• LTC is up 1% in the last 24 hours and now trades at $85 per coin.
• The coin could rally above $95 amid growing retail demand.

Litecoin reclaims $85 as demand increases

Litecoin (LTC) has added 1% to its value and is currently trading above $85 per coin. The positive performance comes amid increased demand for cryptocurrencies with listed Exchange Traded Funds (ETFs). The momentum comes after the Vanguard Group decided to allow crypto market exposure through third-party ETFs.

Vanguard’s decision extends exposure to the Canary Litecoin ETF (LTCC), increasing the possible demand for the fund.

However, data obtained from SoSoValue revealed that the Litecoin ETF saw a net-zero flow on Monday and Tuesday, keeping the cumulative net inflow at $7.67 million. 

Furthermore, the Litecoin derivatives market saw a surge in demand, as the futures Open Interest (OI) surged by 4.41% over the last 24 hours to $440.26 million. This surge suggests that investors are confident that Litecoin’s price could rally higher in the near term.

Finally, data obtained from CryptoQuant shows an increase in the average order size from whales. This reflects greater confidence and could further boost demand.

Litecoin could reclaim $95 as indicators flash bullish

The LTC/USD 4-hour chart is bearish and inefficient as Litecoin has underperformed in recent weeks. The coin has recovered from the low of $74 created on Monday and could rally higher in the near term.

At press time, LTC is trading at $85.2 per coin. The technical indicators have switched bullish on the 4-hour timeframe. The RSI of 53 shows that the bulls have regained control, and LTC is no longer in the bearish region. The MACD line has also switched bullish since Tuesday, indicating a bullish bias.

If the recovery continues, Litecoin could surge to the 0-day Exponential Moving Average (EMA) at $92.94. An extended rally would allow it to hit the 200-day EMA at $99.51. However, if Litecoin loses momentum, it could retest the November 4 and December 1 lows at $79.68 and $74.66, respectively.

The post Will Litecoin hit $95 amid rising retail demand? Check forecast appeared first on CoinJournal.

Key takeaways

• SHIB is up 11% in the last 24 hours, outperforming the broader crypto market.
• The cryptocurrency could rally higher in the near term.

Memecoins surge higher

Leading memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have performed positively over the past 24 hours, easing from the recent selling pressure. The memecoins began December bearish but have recovered some gains over the past few hours.

The technical indicators remain mixed despite the recent positive price action. Retail interest in Dogecoin and Shiba Inu has increased in recent days. Data obtained from CoinGlass revealed an increase of 4.33% and 2.62% in DOGE and SHIB futures Open Interest (OI) over the last 24 hours, reaching $1.38 billion and $80.51 million, respectively. This surge in capital at risk in DOGE and SHIB futures indicates that investors are gaining confidence in the memecoins. 

 SHIB eyes the $0.00001 psychological level

The SHIB/USD 4-hour chart remains bearish and efficient as Shiba Inu has underperformed over the past few weeks. SHIB dropped below the $0.000010 psychological level since November 12 and has failed to recover since then. 

At press time, Shiba Inu is trading above $0.00000800 after four previous days of losses. The ongoing recovery could see SHIB recover above the November 29 high of $0.00000913. 

Similar to Dogecoin, SHIB’s RSI stands at 47, below the neutral 50, but suggesting that the bearish momentum is fading. The MACD lines are also closing in on a bullish crossover, confirming a potential recovery. If the recovery persists, SHIB will top the $0.00000913 resistance and head towards the $0.00001 psychological level.

However, if the bears regain control of the market, SHIB could retest the Monday low of $0.00000780 in the near term.

The post Is SHIB heading to $0.000010 after its latest rally? Check forecast appeared first on CoinJournal.

Key takeaways

• XRP is up 6% in the last 24 hours and is trading around $2.2.
• The cryptocurrency could surge higher amid a renewed bullish potential. 

XRP tops $2.2 as altcoins edge higher

XRP, the native coin of the Ripple ecosystem, is trading around $2.2 after adding more than 2% to its value in the last 24 hours. The positive performance comes as the broader crypto market recovers from the Monday dip.

Bitcoin, the leading cryptocurrency by market cap, is trading around $93k after retesting the $83k support level earlier this week. Meanwhile, Ether, the second-largest cryptocurrency by market cap, is trading above $3k and could rally higher in the near term. 

The market is pumping due to renewed optimism regarding a potential Federal Reserve interest rate cut next week. The rate cut could boost Bitcoin and XRP’s price in the near term, potentially reversing the recent losses.

XRP eyes the $2.5 psychological level

The XRP/USD 4-hour chart remains bearish and inefficient despite XRP adding 6% to its value since Tuesday. At press time, XRP is trading at $2.18, which is below key moving averages, including the 50-day EMA at $2.32, the 100-day EMA at $2.47, and the 200-day EMA at $2.50.

The technical indicators remain bearish but could switch bullish once XRP overcomes the major resistance level above $2.2. The MACD histogram has turned positive and is expanding on the daily chart, with the blue line above the red signal, suggesting improving upside momentum. 

Furthermore, the RSI on the 4-hour chart reads 43, suggesting a declining bearish momentum. If the recovery continues, XRP could rally towards the next major resistance level at $2.63 in the near term, with the $2.5 region a key one for the cryptocurrency. 

However, if the momentum stalls, the bears will regain control, and XRP could retest the $1.9 support level once again.

The post XRP could surge to $2.5 amid renewed bullish optimism appeared first on CoinJournal.

Key takeaways

• ADA has lost 7% of its value in the last seven days.
• The coin could record further losses as the market remains bearish.

ADA sheds 35% in November

ADA, the native coin of the Cardano blockchain, is up by less than 1% on Tuesday after recovering from the 6% dip on Monday. The bearish performance occurred as the  Cardano derivatives market saw a decline in traders’ interest.

According to CoinGlass, ADA futures Open Interest (OI) dropped 6.82% over the last 24 hours to $693 million. This decline suggests that investors are adopting a risk-off approach to the market.

Furthermore, the OI-weighted funding rate stands at -0.0057% suggesting increased confidence among bearish-aligned traders. Due to the current market conditions, the long-to-short ratio stands at 0.8765, with short positions building to 53.29% of all derivatives contracts over the last 24 hours.

This data suggests that there is a sell-side dominance in Cardano derivatives, with traders anticipating a decline in ADA’s price in the near term.

Will ADA close below the 2025 low?

The ADA/USD daily chart is bearish and inefficient as Cardano has underperformed in recent weeks. The coin dropped below $0.40 after losing 35% of its value in November and could dip lower over the coming days and weeks. 

The technical indicators are also bearish, with the daily RSI now at 28, indicating an oversold condition. The MACD lines are also within the negative territory, suggesting heavy selling pressure. If the RSI remains below 30, Cardano remains at risk of steeper corrections. 

If the daily candle closes below the November 21 low of $0.3876, ADA could suffer heavy losses and retest the September 16, 2024, low of $0.3264. On the upside, if the buyers regain control and ADA stays bullish above $0.3876, it could reclaim the $0.40 resistance level in the near term. 

The post Cardano risks dropping to $0.32 as bearish trend thickens appeared first on CoinJournal.

Key takeaways

• BTC is trading below $87k, down by less than 1% in the last 24 hours.
• The leading cryptocurrency could retest the $93k resistance level in the near term.

Bitcoin’s $83k support holds

Bitcoin briefly dropped below $84k on Tuesday but has bounced back and is now trading above $86k per coin. The bearish performance comes amid macroeconomic conditions due to global liquidity tightening, and confidence in crypto is also deteriorating further following the Yearn hack.

Analysts predict that Bitcoin’s price could suffer further bearish movements as we head into the last few weeks of the year. In an email to Coinjournal, Nick Forster, Founder at the onchain options platform, Derive.xyz, said that macro uncertainty continues to dominate. 

A BOJ tightening and ambiguity around a U.S. Fed cut continue to negatively affect Bitcoin and the broader cryptocurrency market.

“Volatility surged in response. BTC 30-day volatility jumped from 46% to 50% in the past 24 hours, while skew collapsed from -5% to -8% before recovering slightly to -6% at the time of writing. The move reflects aggressive demand for downside protection as traders reposition for further weakness,” Forster added.

The options market shows that 15% of traders predict Bitcoin’s price will drop below $80k by the end of the year. However, 21% are still optimistic about Bitcoin ending the year above $100k.

BTC eyes the $93k resistance

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past five days. The technical indicators are also bearish but could switch bullish if Bitcoin tops the $93k resistance level.

At press time, BTC is trading at $86,882 per coin. If the market recovery continues, BTC could rally towards the $93k resistance level over the next few hours or days. 

The 4-hour RSI of 40 shows a fading bearish trend as Bitcoin is no longer in the oversold area.

On the flipside, if the bears regain strength, Bitcoin could retest the $80k low created on November 21.

The post Bitcoin price forecast: BTC eyes $93k as $83k support holds appeared first on CoinJournal.

Key takeaways

• ETH is down 5.5% and is now trading below $2,900.
• The leading altcoins could record further losses amid renewed bearish momentum.

The cryptocurrency market is starting another month bearish after the poor performance recorded by Ether and other major coins in November. Ether recorded a temporary relief last week, hitting the $3k psychological level.

However, the recent gains have been wiped out, with Ether now trading around $2,800 after losing 5.5% of its value in the last 24 hours. The negative performance saw over $140 billion wiped out from the crypto market during that period, with the total market cap now below $3 trillion.

Furthermore, the bearish performance saw over $500 million worth of leveraged positions liquidated in the last 24 hours, with Binance, Bybit, and Hyperliquid accounting for 90% of the total liquidations.

Ether and other major cryptocurrencies could face further selling pressure in the near term. However, with the Fed’s FOMC meeting slated for next week, Ether and other leading cryptocurrencies could experience a temporary relief if the Federal Reserve cuts its benchmark interest rate for the third time this year. 

Ether could retest the $2,600 low.

The ETH/USD daily chart is bearish and efficient as Ether has underperformed in recent days. The coin has lost 5.5% of its value since Sunday and is now trading around the $2,840 region. 

If the ETH/USD daily candle closes below the November 21 low of $2,623, the bears could push the price lower over the next few hours or days, with the next major support around the June 22 low of $2,111.

The technical indicators remain bearish, with the RSI of 34 suggesting that sellers are in control. The MACD also risks a cross below the signal line, indicating Ethereum is still bearish.

However, if the bulls recover from the recent selloff, Ether could challenge the trend and push towards the $3k psychological level once again.

The post Ethereum price forecast: Ether risks further downside as bears regain control appeared first on CoinJournal.

Key takeaways

• BTC dropped below $86k on Monday mainly due to macro pressures.
• The leading cryptocurrency could retest the $80k low if the bearish trend persists.

BTC dips below $86k

Bitcoin, the leading cryptocurrency by market cap, is off to a bearish start in December, as it has lost over 5% of its value in the last 24 hours. At press time, Bitcoin is trading above $86k after temporarily dropping to the $85k region earlier today. 

The bearish performance has affected altcoins too, with Ether trading below $2,800, while XRP is hanging on above $2.0

The recent selloff comes after the Bank of Japan (BoJ) Governor Kazuo Ueda revealed that possible interest rate hikes could be considered if the economy continues to evolve as predicted. The interest rate hike could increase borrowing costs and negatively affect carry trades.

In addition to that, the hacking of the Yearn Finance protocol a few hours ago contributed to the renewed pressure on Bitcoin and the broader cryptocurrency market. Thanks to the latest selloff, over $140 billion was wiped out from the crypto market in the last 24 hours, with $500 million worth of leveraged positions also liquidated. 

JUST IN: $140,000,000,000 wiped out from the crypto market cap in the past 4 hours. pic.twitter.com/c32OHlyafS

— Watcher.Guru (@WatcherGuru) December 1, 2025

Bitcoin comes under pressure once again

The BTC/USD daily chart remains bearish and efficient as Bitcoin lost 5% of its value in the last few hours. The leading cryptocurrency is trading above $86k, as the daily, weekly, and monthly candles all confirm a bearish bias. 

The RSI on the daily chart reads 32, pivoting downside towards the oversold after the brief recovery recorded last week. If the daily RSI remains below 30, Bitcoin could face further downward movement in the near term. 

Additionally, the  Moving Average Convergence Divergence (MACD) has shifted to a bearish momentum, with the sell signal shown a few hours ago. 

If the selloff continues, the bears will look to target the $80,600 support in the near term. Failure to defend this level could see Bitcoin revisit the April 7 low of $74,508.  

However, if the bulls recover, Bitcoin could rebound to $90,000 over the next few hours or days.

The post Bitcoin price forecast: Will BTC retest $80k amid renewed bearish sentiment? appeared first on CoinJournal.

Key takeaways

• BTC is up by less than 1% in the last 24 hours and is trading around $91,600.
• The coin could rally higher as spot Bitcoin ETFs continue to record inflows.

Bitcoin ETFs record inflows

Bitcoin’s price is trading above the $91,600 mark on Friday after rebounding from key support levels over the weekend. The positive performance comes as institutional demand for Bitcoin increases, easing the recent selling pressure.

Data obtained from SoSoValue revealed that US-listed spot Bitcoin ETFs recorded a mild inflow of $21.12 million on Wednesday, after a positive flow of $128.64 million the previous day. 

According to Glassnode’s weekly report, Bitcoin remains structurally fragile, as it is still trading below the $93k resistance level. The report added that with a weakening market structure, liquidity becomes the key lens for understanding what comes next.

Analysts are confident that the recent selling pressure is declining as volatility drops. In an email to Coinjournal, Dr. Sean Dawson, head of research at the onchain options platform, Derive.xyz, stated that the next phase would depend on the Fed’s interest rate decision in December. He stated that,

“Markets are balancing on a knife’s edge, but sentiment has stabilised meaningfully as expectations of a rate cut continue to recover. The probability of a 25 basis point cut at the upcoming FOMC meeting collapsed to 39% just a week ago, yet has since surged back to nearly 87%. In response, BTC has staged a strong rebound, rallying more than 10% from $82K to $91.5K at the time of writing.”

The shift in macro expectations has eased some of the intense bearish pressure that dominated the options market through late October and November. The 25-delta skew, a key measure of relative demand for puts versus calls, has moved sharply off its lows.

Bitcoin could extend its recovery towards the $100,000 mark

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has recovered excellently from its recent dip. The leading cryptocurrency found support around the key psychological level of $80,000 last week and has added 6% to its value since then. 

At press time, BTC is trading above $91k. If the recovery continues, it could extend the rally toward the next key psychological level at $100,000.

The Relative Strength Index (RSI) on the 4-hour chart is 61, pointing upward toward the overbought level, indicating a growing bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover on Thursday, providing a buy signal and further supporting the potential continuation of the recovery.

However, failure to overcome the $93k resistance level could see Bitcoin retest the key support at $85,000.

The post Bitcoin price forecast: Will BTC push above $93k? appeared first on CoinJournal.

Key takeaways

• XRP is up by less than 1% in the last 24 hours and is trading at $2.2 per coin.
• XRP ETFs continue to record inflows as institutions position for the next run.

XRP ETFs continue to record inflows

Ripple’s XRP is up by less than 1% in the last 24 hours and is currently trading above $2.2 per coin. The positive performance comes after XRP dropped below the $2.18 level on Wednesday.

Interest in spot XRP ETFs continues to improve since their launch two weeks ago. There are currently four XRP ETFs operating in the US, including Canary Capital’s XRPC, Bitwise’s XRP, Grayscale’s GXRP, and Franklin Templeton’s XRPZ.

Data obtained from SoSoValue reveal that the four XRP ETFs recorded  $35 million in inflows on Tuesday, bringing the cumulative volume to $622 million and net assets to $645 million. 

The inflow suggests that the market sentiment is improving, with more institutional investors positioning for a possible rally in the near to medium term.

However, retail demand remains low, with futures Open Interest (OI) still below $4 billion since the decline on November 11. CoinGlass data shows that XRP’s OI averaged $3.96 billion on Wednesday, down from $4 billion the previous day. XRP futures OI hit a record high of $10.94 billion on July 22 as XRP hit a high of $3.66. However, it has declined since then as XRP has lost nearly 50% of its value. 

If the OI recovers above $4 billion, it will signal growing retail demand, and XRP’s price could surge higher in the near term. 

XRP is still struggling below $2.35

The XRP/USD 4-hour chart is bearish and inefficient as XRP has failed to push past the $2.35 resistance level over the past few days. XRP tested and found support around the $1.85 level during the weekend and has added 15% to its value since then.

At press time, XRP is trading at $2.21 per coin.

If XRP continues its recovery, it could rally toward the next daily resistance level at $2.35, which is close to its 50-day EMA at $2.37. The next major resistance level is around the $2.68 level. 

The 4-hour RSI of 58 is above the neutral level, indicating a growing bullish narrative. Furthermore, the MACD lines are also within the positive territory as buyers have been in control this week.

On the flipside, if XRP fails to surpass the $2.35 resistance, it could continue its correction toward the Friday low of $1.82 over the next few days.

The post XRP fails to push above $2.35 despite ETF inflow; Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is down by less than 1% in the last 24 hours and is currently trading below $87k.
• It could dip lower if the bullish trend fails to prevail.

Bitcoin stalls around $86k

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices hover around key levels following a positive start to the week. The price action of the leading cryptocurrencies suggests fading bearish momentum. 

However, the bulls have failed to push prices higher, and Bitcoin could revisit lower support levels in the near term. However, if the support levels hold, Bitcoin could rally higher over the next few days.

Analysts are optimistic that Bitcoin’s price could appreciate in the medium to long term. While commenting on the current market conditions, Coinbase UK CEO Keith Grose said,

“Market conditions are shifting as institutions across Europe take a more structured and regulated approach to digital assets. We’re seeing clearer frameworks emerge, stronger infrastructure being developed, and early examples of central banks and financial institutions running controlled pilots to build practical understanding – including the Czech National Bank’s recent decision to test a small, ring-fenced portfolio of digital assets.”

Bitcoin’s price could face further pressure

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed in the last 24 hours. The leading cryptocurrency found support around the $80k psychological level on Friday and has slightly bounced back since then. 

At press time, Bitcoin is trading around $86,800 per coin after failing to overcome the $90k resistance level. If the recovery continues, BTC could rally toward the next key resistance at $90,000.  The ILQ and TLQ levels above $92k could also serve as short-term targets for Bitcoin. 

The Relative Strength Index (RSI) on the 4-hour chart reads 47, after slipping below the oversold threshold last week, suggesting that downside pressure is declining. The MACD lines are also close to the bullish zone as buyers remain in control.

However, if BTC fails to overcome the $90k resistance, it could extend the decline toward the key psychological level at $80,000.

The post Bitcoin stalls around $86k, could dip lower; Check forecast appeared first on CoinJournal.

Key takeaways

• XLM is trading above $0.24 after adding 2% to its value in the last 24 hours.
• The cryptocurrency eyes a breakout as the Stellar blockchain hits a new TVL all-time high.

Stellar’s TVL hits a new all-time high

XLM has performed positively over the last 24 hours, adding 2% to its value during that period. The coin is now trading above $0.24 after adding over 10% in the previous two days.

The positive performance comes as Stellar’s Total Value Locked (TVL) has hit a new all-time high. According to DefiLlama, XLM’s TVL has reached a new all-time high (ATH) of $169.30 million on Tuesday. 

The surge in TVL suggests a growing activity and interest in the Stellar ecosystem, with more users depositing and using assets on XLM-based protocols. 

Data obtained from CryptoQuant also supports the positive outlook for XLM, with its spot and futures markets indicating large whale orders and buy dominance. These indicators point to a potential rally in the near term. 

XLM eyes $0.28 in the near term

The XLM/USD 4-hour chart is bearish and efficient as Stellar Lumen has added over 2% to its value in the last 24 hours. The coin found support around the weekly support level at $0.221 on Friday, and has added over 10% to its value since then. 

Currently, XLM is trading at $0.248, close to the 38.20% Fibonacci retracement level of  $0.256, a key resistance zone. 

If XLM surges past the $0.256 resistance level, it could rally higher towards the 50-day Exponential Moving Average (EMA) at $0.292 over the next few hours or days. 

The 4-hour RSI of 54 is above the neutral 50, indicating a growing bullish trend. For the recovery rally to be sustained, the RSI must continue towards the overbought region. Furthermore, the MACD exhibited a bullish crossover over the weekend, signaling a buy opportunity and reinforcing the bullish thesis.

However, if XLM faces a correction, the bearish trend could extend toward the weekly support level at $0.221.

The post Stellar price forecast: XLM could rally higher as TVL hits new ATH appeared first on CoinJournal.

Key takeaways

• XRP is up by less than 1% and is now trading above $2.
• The cryptocurrency could rally towards the $2.2 level in the near term.

XRP recovers as selloff temporarily halts

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) begin the new week positively as they slightly recover from last week’s massive correction. These top three cryptocurrencies are currently trading above their key support levels, suggesting recovery continuation. 

Despite that, the market sentiment remains fragile, and the bearish trend could continue. XRP has lost 10% of its value since last week as the broader crypto market liquidated over $1 billion worth of leveraged positions within hours. 

The massive liquidations came as Bitcoin dropped towards the $81k level, while XRP failed to hold its value above $2.0. Ether also dropped below $3k for the first time in months.

However, the market is showing signs of recovery, and XRP could rally higher in the near term. Currently, the market is inefficient on several timeframes, and this could result in a temporary rally.

XRP recovers as the $1.96 support level holds

The XRP/USD 4-hour chart is bearish and inefficient thanks to XRP’s sudden dump last week. XRP’s price faced rejection from the 50-day EMA at $2.38 on November 13 and lost 19% of its value in the following eight days, hitting a low of $1.82 on Friday. 

The cryptocurrency has rebounded slightly after retesting its daily support level above $1.9 over the weekend. At press time, XRP is trading above $2.05 per coin.

The RSI of 47 is close to the neutral 50, suggesting that bearish pressure is easing and supporting a recovery view. The MACD lines are also closing in on the bullish crossover. 

If the recovery continues, XRP could rally towards the next major resistance around $2.35 over the next few hours or days. However, if XRP undergoes another correction, it could retest the Friday low of $1.82 in the near term.

The post Ripple price forecast: XRP bounces back above $2.0 as the $1.9 support holds appeared first on CoinJournal.

Key takeaways

• BTC is down 7% in the last 24 hours and is now trading around $81k per coin.
• The leading cryptocurrency could drop towards the $80k level if the bearish trend continues.

BTC continues to underperform

The cryptocurrency market has continued its poor performance in November. Bitcoin has lost 9.6% of its value in the last 24 hours and temporarily dropped below the $82k level.

The bearish performance comes amid a massive selloff in the market. JPMorgan analysts led by managing director Nikolaos Panigirtzoglou stated in a report earlier this week that the ongoing selloff is driven mainly by retail selling of spot bitcoin and ether ETFs rather than crypto-native traders. The analysts added that,

“While crypto native investors were responsible for the crypto market correction in October via heavy deleveraging in perpetual futures, this previous deleveraging in perpetual futures appears to have stabilised in November. Instead, it has been non-crypto investors, mostly retail investors who typically use spot bitcoin and Ethereum ETFs to invest in the crypto market, that appear to have been mostly responsible for the continuation of the crypto market correction in November.”

The selloff has also affected altcoins, with Ether, XRP, and other leading cryptocurrencies in the red. 

Bitcoin slips below $82,000

The BTC/USD daily chart is bearish and inefficient as Bitcoin has lost 10% of its value in the last 24 hours. BTC began the week bearish, extending its decline by 2% and closing below the 61.8% Fibonacci retracement level at $94,253.

The $90k support level on Wednesday failed to hold, and Bitcoin has now dumped another 10% since then.. At the time of writing on Friday, BTC is trading down around 83,400.

The Relative Strength Index (RSI) on the daily chart stands at 22, indicating strong bearish momentum and oversold conditions for the leading cryptocurrency. The MACD lines are also extremely bearish at the moment. 

If the selloff continues and Bitcoin closes the daily candle below the $85k support, it could extend the decline toward the key psychological level at $80,000.

However, if the $85k support level holds in the near term, BTC could rally and hit the next key resistance at $90,000.

The post Bitcoin price forecast: Is Bitcoin heading for $80k? appeared first on CoinJournal.

Key takeaways

• DOGE is down by less than 1% and is trading above $0.15.
• DOGE’s derivatives market shows signs of recovery as Open Interest rises to $1.66 billion.

Dogecoin’s derivatives data shows signs of recovery

DOGE, the native coin of the Dogecoin ecosystem, continues its poor performance this week after losing less than 1% of its value in the last 24 hours. The leading memecoin is currently trading at $0.157 and could record further losses in the near term.

 Since the October 10 flash crash, which liquidated over $19 billion in crypto assets in a single day, Dogecoin has lost 37% of its value. 

The selloff reflects the bearish sentiment in the broader crypto market, with uncertainty of another Fed rate cut causing capital flight in the cryptocurrency market. Fed Chair Jerome Powell said during the last FOMC meeting that a December rate cut was not guaranteed, which spooked investors and fueled risk-off sentiment.

Despite DOGE’s poor performance, its derivative market has shown promise in recent days. The Dogecoin futures Open Interest (OI) has stabilized over the past few days. Data obtained from Coinglass shows that traders are slowly regaining confidence in Dogecoin’s ability to sustain short-term recovery.

Coinglass added that Dogecoin OI-Weighted Funding Rate has risen to 0.0076% on Wednesday from Tuesday’s -0.0083%. The surge comes as traders increasingly pile into long positions. 

DOGE remains bearish as market volatility continues

The DOGE/USD 4-hour chart is bearish and efficient as Dogecoin has lost 10% of its value in the last 24 hours. The bearish performance comes as the broader crypto market continues to underperform. 

The Relative Strength Index (RSI) on the 4-hour chart at 48 risks extending its decline toward oversold territory. If the selloff continues, DOGE could potentially escalate the downtrend below $0.1500.

Dogecoin is currently trading below he 50-day Exponential Moving Average (EMA) at $0.1893, the 100-day EMA at $0.2024, and the 200-day EMA at $0.2090, and they could serve as strong resistance levels in the near term.

If the bearish trend continues, DOGE could drop below the $0.15 level and retest the $0.1424 support last tested in June. 

The post Dogecoin Price Forecast: DOGE could retest $0.14 appeared first on CoinJournal.