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    Bitcoin surges past $93,000 as ETF inflows hit $4.22 billion, eyes set on $100,000 mark

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    Bitcoin broke $93,000 on November 13, with Bitcoin US exchange-traded funds experiencing a $4.22 billion inflow from November 6-12. Predictions indicate Bitcoin might hit $100,000 by January 20, though some analysts recommend it slow to create structural support. A possible correction may occur if Bitcoin breaks support below $85,000, but if it crosses resistance at $93,554 and $100,000, prices may surge to $113,331. Meanwhile, Ether faces a potential increase to $4,094 if it breaks its downward trend, and Solana could rise to $260 if support strengthens at the $210 level.

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    Bitcoin’s value has been rocketing and on November 13 it set another impressive record when it broke $93,000. Just between November 6 and 12, Bitcoin exchange-traded funds in the US experienced a huge $4.22 billion inflow according to data from Farside Investors. Fadi Aboualfa, who leads research at Copper.co, suggested in a Cointelegraph interview that Bitcoin could hit $100,000 by the time of the Presidential inauguration on January 20.

    However, not everyone is as positive. Some analysts actually believe that Bitcoin needs to slow down a bit and build up some structural support before it can continue on its rapid climb. Keith Alan, a co-founder at Material Indicators, expressed this viewpoint. The future trends of Bitcoin and other cryptocurrencies is still uncertain, so let’s take a closer look at the top 10 cryptocurrencies.

    Bitcoin is strongly trending upwards which has pushed the related strength index into the zone which suggests it may be overbought. This means there is the chance for a slight correction or pause in the upwards trend. If the price drops and breaks a support below $85,000, it’s possible that short-term investors will cash out. However, if Bitcoin manages to overcome the resistance at $93,554, it could soar to the significant barrier at $100,000. If Bitcoin crosses this, the next milestone could be $113,331.

    Ether, which is another major cryptocurrency, turned down from $3,443 on November 12, suggesting that the bears are defending the downward trend line. But the rebounce is signalling solid buying on every minor dip. If Ether can break the downward trend line, it could explode to $3,800 and even $4,094.

    Solana also broke out and closed above the $210 resistance on November 11. This is indicating that the bulls are taking over. The cryptocurrency could rise to $225 and then to $260 if it is able to flip the $210 level into support.

    In short, the world of cryptocurrencies is fast-paced and volatile, with so many factors at play. Whether you’re an investor or just someone who’s interested in the news, it’s essential to stay up-to-date with these changes and always do your own research before making any investment decisions.

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