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Bitcoin surged to multiday highs on Nov. 29 as traders eyed a potential move to $100,000. BTC price eyes $100K Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $97,539 on Bitstamp. The cryptocurrency recovered from its recent dip to $90,800, fueling optimism about a six-figure price milestone. Commentator Byzantine General noted a bullish setup, with lower open interest (OI) on exchanges supporting the case for further gains. “Open interest reset, support held up. Looks to me like we’re gonna take out the local highs and potentially take a stab at piercing 100k,” he wrote on X. “A lot of the passive supply already got taken out the previous attempt, so there’s a pretty good chance that we see 100k soon.” Trader Jelle echoed this sentiment, stating that a six-figure price was “in sight.” “Bitcoin is pushing for a breakout,” he said on X, sharing a chart of BTC/USD attempting to breach a trendline established after its Nov. 22 all-time high of $99,800. Jelle compared the current price action to October 2023, when BTC/USD broke through $30,000 and continued to new highs five months later. “A $100K $BTC is in reaching distance,” said fellow trader Daan Crypto Trades. “Going to take some time getting used to a 6-figure Bitcoin. But I like it.” Bitcoin and gold comparisons emerge Others focused on Bitcoin’s potential to follow gold’s recent strong performance. As previously reported, Bitcoin’s price action could be trailing gold by roughly three months. Charles Edwards, founder of Capriole Investments, highlighted the upside potential. “In just 16 weeks, gold gained $3.8T this summer. Bitcoin from $100K to $200K is just $2T,” he explained. He added, “BTC is a superior, more liquid, fungible and divisible asset that trades 24/7.”
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Bitcoin Price Consolidation Near $100,000 Sparks Altcoin Opportunities
Bitcoin’s upward momentum maintains investor interest as it approaches the $100,000 threshold, while altcoins grapple with their own price dynamics. The crypto market’s landscape is changing, with analysts suggesting that CryptoIntelligence
Top 2 Gaming Tokens For 100% Surge In December 2024!
The post Top 2 Gaming Tokens For 100% Surge In December 2024! appeared first on Coinpedia Fintech News Story Highlights The Gaming tokens regain momentum, 5th best-performing category of the day. The SAND token records a 2x surge this week and the GALA token bags 100% this month. Technical indicators record increased bullish action, highlighting a higher price target. The Gaming tokens have recorded a strong bullish recovery with top tokens recording a 3-digit surge this week. Notably, with a 24-hour trading volume of $5.69 billion (+13.19%), this category is currently valued at $29.19 billion with an intraday jump of 7.39%. With the rising bullish sentiment, will SAND and GALA lead the Gaming category’s bullish rally this Altcoin season? You are a few minutes away from finding out the short-term possibilities of these two altcoins. Sandbox (SAND) Amid increased bullish recovery, the SAND price has jumped ~80% this week and 150.67% during the last 30 days. Moreover, with a market cap of $1.564 billion, it has secured the 66th position in the global crypto market. TradingView: SAND/USDT The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. Further, its average trendline displays a bullish rise. This suggests a positive outlook for the altcoin in the upcoming time. If the bulls regain momentum, the SAND price may retest its upper resistance level of $0.80. On the flip side, a bearish pullback could result in the price testing its lower support level of $0.50. Will the SAND price hit $1 this year? Find out now with CoinPedia’s Sandbox Price Prediction ! Gala (GALA) The Gala price has surged 8.49% in 24 hours with a trading volume of $351.48 million. Further, it has added 38.71% over the last seven days and 90.67% during the past 30 days. TradingView: GALA/USDT The Simple Moving Average (SMA) constantly supports the GALA price chart in the 1D time frame. Moreover, with its MACD indicator recording a bullish price action, this altcoin may continue gaining value in the upcoming time. Maintaining the price above its resistance level of $0.03975, this altcoin may head toward its resistance level of $0.05305. On the contrary, if the bears outrun the bulls, the GALA token may retest its support trendline of $0.02675. FAQs How much is The Sandbox worth? With an intraday jump of ~10%, the SAND price is currently valued at $0.6425. What is the all-time high for sandbox? The ATH of the SAND token is $8.44 and was recorded on 25th November 2021. Can the Gala coin reach 1 dollar? For the GALA token to achieve this price target, it will require a jump of 2,531% in its valuation. CryptoIntelligence
