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    Bitcoin surpasses $92,000 resistance as MicroStrategy and Paul Tudor Jones expand holdings, other cryptocurrencies show mixed responses

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    Bitcoin has broken the $92,000 resistance level, leading to increased investor interest. MicroStrategy recently bought 51,780 Bitcoin for about $4.6 billion, bringing its total holdings to 331,200 Bitcoin. Billionaire investor Paul Tudor Jones also elevated his Bitcoin holdings. Meanwhile, several cryptocurrencies including Ether, Solana, and Binance Coin are demonstrating upward trends, albeit with some resistance. Dogecoin, XRP, Cardano, and Shiba Inu are showing stability and slight fluctuations in their values.

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    Bitcoin is kicking off the week strong, breaking the $92,000 resistance level. Even the recent speedy increase in value hasn’t scared off the long-term Bitcoin bulls. MicroStrategy just announced they scooped up 51,780 Bitcoin for around $4.6 billion. Now, MicroStrategy’s Bitcoin stash is a whopping 331,200 Bitcoin.

    Billionaire investor, Paul Tudor Jones is another big player who’s been beefing up his Bitcoin holdings. He shelled out an extra $130 million for BlackRock’s Bitcoin exchange-traded funds in the third quarter, which pumped up his fund’s Bitcoin chest to $160 million.

    Investors have high hopes for Bitcoin. Cathie Wood from ARK Invest told CNBC that Bitcoin has “a long way to go.” She reckons some new government regulations would keep Bitcoin’s upward trend going strong.

    But what resistance levels do Bitcoin and other cryptocurrencies need to smash to continue their upward trend?

    Looking over at the S&P 500 Index, there was a bit of profit taking last week, nudging the price down to the 20-day average (5,877).

    For the US Dollar Index, the bulls are out in force keeping up the demand.

    As for Bitcoin, the bulls are trying to keep the upward trend going, but hitting some hard resistance around $92,000 to $93,265.

    Ether, another cryptocurrency, is getting support at the $3,028 mark, which is a good sign for its value.

    Solana successfully passed the $210 level, signalling that the price is gaining support and starting to trend upwards.

    Buyers have managed to push the price of Binance Coin above the $635 mark on Nov. 17, but have hit some bearish resistance.

    XRP took a bit of a tumble from $1.27 on Nov. 17, but found support around the $0.97 mark.

    Dogecoin has been hovering around the $0.33 mark, and traders are waiting for it to start moving upwards again.

    Cardano’s upward trend hit a bit of a roadblock around $0.80 on Nov. 16, but every time the price dips, buyers jump in to scoop up more.

    Shiba Inu has been holding steady above the 20-day average ($0.000022), but it’s been tricky for the bulls to get some upward momentum going.

    But remember, investing involves risk. Do your own research and make sure you’re making informed decisions.

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