BTC is still fluctuating! Analyst: But these 4 coins have bullish signals, could there be a big pump this week?

BTC is still oscillating! Analyst: but the bullish signals of these 4 coins are very strong

BTC has surged above 99,000 several times and faced a pullback. In the early hours of today (the 25th), it briefly fell below $96,000, indicating that short-term traders began to take profits as they approached the $100,000 mark.

Senior analyst Rakesh Upadhyay of Cointelegraph believes that pullback is a part of every Bull Market phase, which may cause panic among Newbie traders, but experienced traders see pullback as a buying opportunity.

Technically, BTC did not experience a significant pullback after encountering resistance near $100,000. The important 20-day and 50-day moving averages are still on the rise, and the relative strength index (RSI) is also in the Overbought zone, indicating further potential for future growth.

Upadhyay predicts that if BTC can formally break through and stand firm above $100,000, it may accelerate to $113,331, and then reach $125,000.

If BTC pulls back significantly, the first support level falls on the rise trend line (Uptrend Line), followed by the 20-day MA EMA (88,386 US dollars). If it can rebound at the 20-day EMA, it can restore the rising trend. But if it reaches around 85,000 US dollars, it may be a short-term top near 100,000 US dollars.

Image source: Cointelegraph Bitcoin ($BTC) price trend analysis

Although BTC is currently experiencing a pullback trend, Upadhyay believes that funds are expected to flow into the Altcoin market. He posted in the early hours of this morning, naming 4 cryptocurrencies with strong bullish signals, and providing short-term support and resistance analysis, for reference only, not as a basis for investment.

Analysis of Binance Coin ($BNB) Price Trend

Upadhyay pointed out that Binance Coin ($BNB) broke through the 667 US dollar resistance level twice on November 23rd and 24th, but there was a longer upper shadow on the Candlestick chart, indicating significant selling pressure at the high level.

From a daily perspective, the 20-day EMA ($619) is a key short-term support. If there is a rebound from the 20-day EMA, the bulls will attempt to challenge the high of $722 again. This level may once again become a strong resistance, but if it is broken, it is expected to rise to a new high of $810.

If shorts want to stop the rise, they must quickly pull the price below the 20-day EMA. If it falls below this average, it means the market rejects the breakthrough and may further fall to the rising trend line.

Image source: Cointelegraph Binance Coin ($BNB) price trend analysis

Analysis of Avalanche ($AVAX) price trend

Upadhyay pointed out that Avalanche ($AVAX) broke through the resistance line of the rise channel pattern on November 22, but faced selling pressure at higher levels.

From the daily chart, $AVAX may retest the breakthrough level above the rise channel. If it can rebound strongly from the resistance line, it will indicate that the breakthrough level has been converted to a support level, and may subsequently further challenge the $50 high.

However, if $AVAX falls below the resistance line, it means longs are losing control, and it may subsequently drop to the 20-day EMA (34.34 USD), where buyers are expected to get on board again.

Image Source: CointelegraphAvalanche ($AVAX) Price Trend Analysis

NEAR Protocol ($NEAR) Price Trend Analysis

Upadhyay pointed out that NEAR Protocol ($NEAR) broke through the 6.50 US dollar resistance level on November 24th, but longs failed to maintain the breakthrough.

From the daily line, $NEAR may fall to the 20-day EMA (5.48 USD) as a short-term key support. If it can rebound strongly from the 20-day EMA, it is expected to challenge 8.58 USD, and then reach 9.01 USD.

But if $NEAR falls below and the daily candlestick closes below the 20-day EMA, it may indicate a potential Bull Trap at the breakout of $6.50, followed by a big dump to the 50-day moving average ($4.86), continuing to consolidate for a period within the wide range of $3.42 to $6.50.

Image source: CointelegraphNEAR Protocol ($NEAR) price trend analysis

OKB ($OKB) Price Trend Analysis

Upadhyay pointed out that OKB ($OKB) has been trying to change the trend with a series of higher highs and higher lows.

On November 23, after breaking through $48, $OKB accelerated its rise, paving the way for reaching highs of $62 and $68.

From the daily chart, it is expected that $48 will become support during the pullback. If the market rebounds from $48, it means that the market sentiment is still positive and traders are buying the dips.

However, if $OKB falls below the $48 support level during the pullback, it could drop to the 20-day EMA ($44.79). The deeper the decline, the longer it may take for the recovery to occur.

Source: Cointelegraph OKB ($OKB) Price Analysis

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

"Bitcoin is still oscillating! Analyst: But these 4 coins have a very strong bullish signal, could there be a big pump this week?" This article was first published in the city of 'encryption'."