30s Summary

Bitcoin climbed 12.5% this week, staying near its highest ever price. Bitcoin ‘big fish’ continue to buy despite prices nearing $90,000, signaling confidence in its potential. The crypto universe reflected the rise, with Solana respiting at $210, Avalanche heading off the 20-day moving average at $30.60, Sui rocketing past $2.37, and NEAR Protocol making improvements beyond $4.71. Bitcoin may continue its upward trend if it can cross the $93,265 mark, potentially reaching $100,000.

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Hey there folks! Bitcoin gave us a great show this week, with a 12.5% climb. Sure, there were folks trying to reverse that trend on November 14, but the fans of Bitcoin weren’t having it. Bitcoin’s price has been snug as a bug near its highest ever price, which might point towards further gains on the cards.

Crypto insights whiz Darkfost mentioned that Bitcoin ‘big fish’ aren’t shying away from buying, even as prices edge close to $90,000. This hanging tight trend shows confidence in Bitcoin’s potential.

Bitcoin’s recent winning streak has caused a ripple effect in the broader crypto world, pushing other digital currencies up too. But keep an eye out, because if Bitcoin doesn’t manage to break records and stay there, we might see some people cashing out their profits.

Let’s take a closer look at Bitcoin and some other top performing digital currencies.

With Bitcoin, folks trying to slow the climb between $92,000 and $93,265 ran into some resistance. The fact that the price didn’t drop drastically is a good sign though and means there’s a chance of the rising trend to continue. If prices go over $93,265, we could see Bitcoin soaring to the $100,000 mark which will be quite a sight! If it makes it past that, there’s a chance it’ll rise all the way up to $113,331.

The Solana token has also shown some positive vibes, surviving a retest of the $210 level.

Avalanche has managed to edge off the 20-day moving average of $30.60 on November 15 and has now reached the line of resistance. There’s hope for a breakout due to the rising 20-day moving average and the close-to-overbought relative strength index.

The Sui token also showed great performance recently, taking off like a rocket since breaking the $2.37 mark on November 9.

Lastly, the NEAR Protocol picked up juice after crossing the 50-day average of $4.71 on November 11, which hinted at a change in the short-term trend.

So, there you have it! Some exciting performances in the crypto market these past days. Remember though, all investments involve risk and you should do your own research before making any financial decisions. Happy trading!