30s Summary

Bitcoin surpassed $80,000 on November 10, and experts believe it’s only the beginning of its upward trend. Other cryptocurrencies also exceeded their resistance levels, emphasizing the market’s positive atmosphere. Despite this, caution over low liquidity movements fully reversing over the weekend was advised. Bitcoin, Ethereum, Solana, Sui, and Aave all experienced increases, emphasizing that the crypto market is not for the faint-hearted and requires vigilant research and wise decisions.

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Bitcoin has been on fire this week, smashing past $80,000 on November 10. Analysts reckon we’re just seeing the start of its upward trend. According to a Bitcoin expert, Tuur Demeester, no need to get all hustle-bustle about its rising value, just chillax and enjoy the ride.

For new investors wondering if Bitcoin’s surge means it’s now overpriced, Hunter Horsley, the head honcho at Bitwise Invest, has a word of advice: “Bitcoin is its own thing”. He throws in an interesting perspective saying that when Bitcoin’s price zooms, people think it’s more likely to succeed and hence, predict it will gain even more in value. So, he believes the price will continue to rise.

Just a quick snapshot of the crypto market performance.

The good news isn’t just about Bitcoin. Several other cryptocurrencies are also shaking things up, breaking past their own resistance levels and showing positive vibes.

Yet, popular crypto observer, WhalePanda, drops a word of caution about low liquidity moves over the weekend often fully reversing.

As to whether Bitcoin will keep up with its high levels and pull other cryptocurrencies higher, here’s a look at how the top 5 cryptos are stacking up:

Bitcoin: Bulls are not giving in to bears very easily which led to another surge on Nov 10, pushing the price beyond $80,000.

Ethereum also made a sharp climb after bouncing off the support line on Nov 6.

Solana too is making headlines, breaking past the $210 resistance on Nov 10, suggesting the bulls are trying to dominate.

Sui, picked up speed after it broke past the strong overhead resistance at $2.37 on Nov 9.

Finally, Aave gained momentum after breaking the moving averages on Nov 6 reaching the psychological resistance of $200 on Nov 9.

The takeaway here? Crypto isn’t for the faint-hearted. It’s a wild ride full of ups and downs. Keep your eyes on the charts, do your own research, and make decisions wisely.