Saturday, September 10, 2022
HomeCryptoAlt CoinsBTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB

BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB


Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss”, he said he would give the Floor model one more month.

In its latest “Week On-Chain” report, Glassnode analysts said that Bitcoin’s correction in November was the “least severe in 2021.” Analysts now expect Bitcoin to witness a Santa rally, similar to the 47% up-move in December 2020 or the sharper 80% surge that occurred in December of 2017.

Daily cryptocurrency market performance. Source: Coin360

In another positive news for Bitcoin bulls, Bloomberg senior exchange-traded fund (ETF) analyst Eric Balchunas said that “Fidelity Advantage Bitcoin ETF” was awaiting regulatory approval to be listed on a Canadian exchange. If that happens, Fidelity would become the largest management company to offer a spot-based Bitcoin ETF.

Can bulls sustain the current momentum after starting December on a strong footing? Let’s study the charts of the top-10 cryptocurrencies to find out.