Bitcoin Price Expectations
Bitcoin’s price is expected to range between $35,000 and $42,000 in 2024. Investors are cautiously optimistic about a potential correction ahead of the anticipated rise in inflation next year. Traders are closely monitoring key support and resistance levels as they weigh the impact of economic data on market sentiment.
AAVE (Aave)
- Resistance Levels: $350, $378, $429
- Support Levels: $283, $316, $335
- Trading Strategy: Aereo is a significant factor to watch as the pair could see a breakout above $400 or face resistance at $350.
BGB (Bitget Token)
BGB has been in a strong uptrend but turned down from $3.50, signaling profit booking by traders. The bulls are trying to arrest the decline at $3. If the price turns up again, it could extend to $4. Otherwise, it may face resistance at the 20-day EMA ($2.43).
LCK (Link Token)
The LCK token has shown strong buying interest with a bullish trend on all timeframes. Key support levels include $165 and $178, while key resistance levels are $229 and $260. The pair could see further gains to the next resistance level if bulls maintain control.
AAVE
- Resistance Levels: $350, $378, $429
- Support Levels: $283, $316, $335
- Trading Strategy: The pair is expected to face selling near $400 but could rocket to $450 if buyers thrust the price above $400.
Binance Coin (BNB)
Binance Coin has been consolidating after a strong rally from $12, with key support levels at $863 and $976. The pair is expected to face resistance at $1,200 on its way to the next leg of the uptrend.
Tether (USDT)
Tether’s price has shown a bullish trend as investors look for alternatives during market volatility. Key support levels include $0.976 and $0.984, while key resistance levels are $1.032 and $1.050.
Ethereum (ETH)
Ethereum is expected to face resistance at the 20-day EMA ($273), with a potential correction ahead of the anticipated rise in inflation next year. Traders should closely monitor this level as it could be a turning point for the market.
U.S. Dollar (USD)
The US dollar has shown resilience on all timeframes, with key support levels at 109.82 and 106.47. The pair is expected to face resistance at 115.38 as bulls aim for new highs.
AAVE
- Resistance Levels: $350, $378, $429
- Support Levels: $283, $316, $335
- Trading Strategy: The pair could see a breakout above $400 or face resistance at $350.
BGB
BGB has been in a strong uptrend but turned down from $3.50, signaling profit booking by traders. The bulls are trying to arrest the decline at $3 and may test resistance near $4.
LCK
The LCK token has shown strong buying interest with a bullish trend on all timeframes. Key support levels include $165 and $178, while key resistance levels are $229 and $260. The pair could see further gains to the next resistance level if bulls maintain control.
Aave
- Resistance Levels: $350, $378, $429
- Support Levels: $283, $316, $335
- Trading Strategy: The pair could see a breakout above $400 or face resistance at $350.
Binance Coin (BNB)
Binance Coin has been consolidating after a strong rally from $12, with key support levels at $863 and $976. The pair is expected to face resistance at $1,200 on its way to the next leg of the uptrend.
Tether (USDT)
Tether’s price has shown a bullish trend as investors look for alternatives during market volatility. Key support levels include $0.976 and $0.984, while key resistance levels are $1.032 and $1.050.
Ethereum (ETH)
Ethereum is expected to face resistance at the 20-day EMA ($273), with a potential correction ahead of the anticipated rise in inflation next year. Traders should closely monitor this level as it could be a turning point for the market.
U.S. Dollar (USD)
The US dollar has shown resilience on all timeframes, with key support levels at 109.82 and 106.47. The pair is expected to face resistance at 115.38 as bulls aim for new highs.
For more detailed analysis, please refer to the full article linked here:
https://www.majesticseminar.com