Bitcoin recently dipped below $95,000, but the drop attracted strong buying interest, signaling that traders remain optimistic. Despite Bitcoin's sharp rally toward $100,000, major corporate holders like MicroStrategy and MARA Holdings have continued accumulating Bitcoin in recent weeks. Market sentiment is bullish heading into December, especially after November's impressive 37% gains.

Markus Thielen, CEO of 10x Research, pointed out that Bitcoin has averaged a remarkable 28% return during halving years in December, consistently delivering positive results.

Bitcoin is facing tough resistance near the key psychological level of $100,000. The inability to break above this barrier might lead short-term traders to lock in their profits. On the downside, the first key support lies at the 20-day EMA at $92,534. If the price bounces back strongly from this level, bulls will likely make another attempt to push the BTC/USDT pair past $100,000. A successful breakout could open the doors for a rally to $113,331 and potentially to $125,000. However, if the 20-day EMA fails to hold, the pair might enter a consolidation phase, with the price dipping to $90,000 and potentially testing the strong support zone between $85,000 and $90,000, where buyers are expected to step in aggressively.

Ether is holding above its downtrend line, but the bulls are struggling to drive the price to $3,900. Sellers are attempting to regain control by pushing the price below the 20-day EMA at $3,379. However, bulls are likely to buy any dips near this level. A strong rebound from the 20-day EMA could pave the way for a rally toward the next target of $4,094. On the other hand, if Ether fails to hold above the 20-day EMA, it would suggest that the recent breakout above the downtrend line was a bull trap. Such a move could increase selling pressure, dragging the ETH/USDT pair down to $3,000.

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

Enjoy the issue!