Bitcoin and Altcoins Show Signs of Strength Heading into 2022 Despite Recent Consolidation
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Bitcoin rallied 9% in November, but $38,000 remains a difficult level to cross. Analysts are bullish on Bitcoin heading into 2022, forecasting prices potentially reaching $100,000.
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Ethereum rebounded off the 20-day MA support, indicating buyers are defending that level. A break above $2,200 could set up a rally towards the $3,400 target.
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BNB has been trading in a tight range between $223-$239 lately, showing uncertainty. A drop below $223 could start a decline to $203.
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XRP has clung to the 20-day MA recently. A break above this level could set up a rally to $0.64 and $0.67 next. Strong support is at $0.56.
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Solana faced selling pressure near $62, but held above $59. If buyers can push through $62.10, a rally to $68 and potentially $100 could occur.