Price Analysis

A mysterious investor has placed a massive bet on Bitcoin’s price rising before Christmas, using a complex options strategy. The bet, structured as a ‘call condor,’ suggests the trader expects a rally to a specific range but not a new all-time high.

Kaspa (KAS) has surged nearly 20% in the last 24 hours, outperforming all other top 100 cryptocurrencies. The rally puts the coin, often dubbed ‘Bitcoin 2.0’, on track for its best performance streak in months, even as the broader market struggles for November gains.

Crypto investor Didi Taihuttu shares his outlook on Bitcoin after it surpassed $91,000, discussing key resistance levels, accelerating adoption in Texas and France, and his cautious market strategy.

In this market update, Vincent Timmer analyzes Bitcoin’s current price action. He argues the higher timeframe trend remains bullish but outlines a ‘dream scenario’ of a final dip to grab liquidity before a potential run towards new all-time highs.

Bitcoin surged over 3% yesterday, its best day in six weeks, climbing past $91,000 and suggesting the recent downturn may have ended. Altcoins followed the rally, with Kaspa, known as ‘Bitcoin 2.0’, leading the top 100 with a 17% surge.

Bitcoin is down over 20% in November, potentially ending its three-year winning streak for the month. However, analysts point to historical patterns and on-chain data suggesting a potential rebound, presenting both risks and opportunities for traders.

Solana ETFs have seen net inflows for 20 consecutive days, accumulating nearly €500 million since their launch. However, the SOL price has not followed suit, declining over 30% in the past month despite the strong institutional interest.

After a recent dip, the Bitcoin price is showing signs of recovery. Analyst CryptoRank.io suggests that with short-term holders at a loss, the market may be entering a key accumulation zone, presenting a potential buying opportunity.

Bitcoin’s price showed resilience after a minor dip, with buyers defending the $86,000 level. The market is now focused on the upcoming US PCE inflation data for further direction.

Analyst James Check warns that Bitcoin’s price could fall to $70,000 as a wave of liquidations creates a snowball effect, amplifying the current downtrend.