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, the bulls will likely want to maintain momentum going into the final month of the year. Rich Dad Poor Dad author Robert Kiyosaki remains bullish on Bitcoin, gold, and silver in the long term. 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, indicating a potential break above $38,000. Ether faces resistance at $2,137, while BNB is rejected at the 20-day EMA. XRP struggles to overcome the 20-day EMA, and Solana faces resistance at $59. Cardano fails to break above $0.40, and Dogecoin sees support at the 20-day EMA. Chainlink breaks above the downtrend line but fails to sustain momentum.
Summary:
– Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers.
– 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, indicating a potential break above $38,000.
– Ether faces resistance at $2,137, while BNB is rejected at the 20-day EMA.
– XRP struggles to overcome the 20-day EMA, and Solana faces resistance at $59.
– Cardano fails to break above $0.40, and Dogecoin sees support at the 20-day EMA.
– Chainlink breaks above the downtrend line but fails to sustain momentum.
