Bitcoin has been on a roll and shows no signs of slowing down. The latest leg of the rally $88,500 pushed Bitcoin’s total market capitalization above $1.75 trillion for the first time. Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs - it runs.”

He projects Bitcoin to reach $125,000 by the end of the year. Bitcoin’s sharp up move has turned select analysts bearish. CryptoQuant CEO Ki Young Ju said in a post on X that Bitcoin could give up a large part of its gains to close the year at $58,974. In case Bitcoin sees a solid year-end rally, Ki expects a bear market in 2025.

Bitcoin has not looked back since breaking out of the overhead resistance at $73,777 on Nov. 6. The rally above $84,000 has pushed the relative strength index (RSI) into the overbought territory, suggesting that the BTC/USDT pair may soon enter a minor correction or consolidation.

The support on the downside is at $80,000 and then at $77,000. A shallow pullback will improve the prospects of a rally to the pattern target of $93,554. The short-term advantage will tilt in favor of the bears if they sink and sustain the price below the breakout level of $73,777. Ether signaled a potential trend change after the price rose above the $2,850 resistance on Nov. 7. The bears tried to stall the up move at $3,250 on Nov. 10, but the bulls did not cede ground to the bears.

If buyers push and maintain the price above $3,250, the ETH/USDT pair could rise to the downtrend line. Sellers are expected to mount a strong defense at the downtrend line, but if the bulls have their way, the pair could surge to $4,094. This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA ($2,756).

Lastly please check out the advancement’s happening in the cryptocurrency world

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