Bitcoin is experiencing profit-booking near $38,000, but the correction is expected to be shallow as lower levels are likely to attract buyers. The failure to sustain above the $38,000 resistance has given an opportunity for bears to make a comeback. However, bulls are expected to maintain momentum going into the final month of the year. Robert Kiyosaki, author of Rich Dad Poor Dad, reiterated his long-term bullish view on Bitcoin, gold, and silver. The S&P 500 Index continues its upward trend, while the U.S. Dollar Index faces resistance. Bitcoin’s price action forms an ascending triangle pattern, with a break above $38,000 indicating further upside potential. Ether faces resistance at $2,137, while BNB is being rejected at the 20-day EMA. XRP is struggling to overcome the 20-day EMA, and Solana is facing resistance at $59. Cardano failed to break above $0.40 and may see a slide to the 20-day EMA. Dogecoin is being supported by the 20-day EMA, and Chainlink broke above the downtrend line but failed to sustain momentum.
Summary:
– Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels attract buyers.
– Robert Kiyosaki reiterates his long-term bullish view on Bitcoin, gold, and silver.
– The S&P 500 Index continues its upward trend.
– The U.S. Dollar Index faces resistance.
– Bitcoin’s price action forms an ascending triangle pattern.
– Ether faces resistance at $2,137.
– BNB is being rejected at the 20-day EMA.
– XRP struggles to overcome the 20-day EMA.
– Solana faces resistance at $59.
– Cardano fails to break above $0.40.
– Dogecoin is supported by the 20-day EMA.
– Chainlink breaks above the downtrend line but fails to sustain momentum.