Crypto Update
Evening all! This weekend, we're diving into the latest developments across the crypto market. In this update, we’ll cover Bitcoin’s performance, Ethereum’s potential breakout, and impressive moves in altcoins.
Let’s break it down, starting with the leader of the pack: Bitcoin.
Bitcoin
Short-Term Dip
Currently, Bitcoin sits just below $100,000 after a strong surge from $67,000. The focus now is on a potential December correction, which is more likely to occur in the first week. Do read my previous blog where i discuss stats for bitcoin in december along with some targets:
While a dip might cause short-term panic, it would still be a healthy correction, creating a more sustainable path for further growth.
The Next Top
Zooming out, we’re approaching a pivotal year in the four-year cycle. Historically, the third year of this cycle delivers major gains, and all signs suggest a continuation of this trend. Fundamentals remain robust, with increasing institutional involvement, government recognition, and global adoption.
Key targets for Bitcoin’s current cycle include breaking through $100,000 and potentially testing the $110,000–$115,000 range before settling into a temporary consolidation phase. As the new administration's inauguration approaches in January, expect Bitcoin’s upward momentum to remain intact.
Ethereum
Ethereum has been moving slower than Bitcoin but is showing signs of carving its own path now. Recent price action suggests Ethereum may be finding a bottom in its BTC pair. While this has occurred before without a sustained rally, the timing in the cycle makes this attempt more credible.
Breaking above the 0.05 resistance level could signal a significant trend reversal for Ethereum, positioning it to perform well throughout the remainder of this bullish market.
Altcoins: Momentum and Opportunity
Dogecoin (DOGE)
Dogecoin has been on a remarkable run, climbing from $0.10 to $0.40 in just a matter of weeks. It’s been a key addition to my eToro portfolio and has consistently held a spot on my Top Altcoins list for quite some time.
That said, meme coins are known for their sharp and unpredictable swings, so taking profits along the way is always a wise move. As long as DOGE remains on my list, I’m holding onto my position, but I plan to lock in gains at the previous cycle high around $0.70. It’s all about balancing upside potential with smart risk management.
Solana (SOL)
Solana has been able to stand ground against Bitcoin and solidifying its position as a market favorite. Its steady performance showes growing confidence in its long-term potential.
Right now, Solana is in a natural pause—a healthy breather after hitting a fresh all-time high not long ago. It’s normal to see capital rotating in and out during such phases.
As the broader cycle unfolds, Solana is ready for further upward momentum, making it a key player to watch closely in the weeks ahead.
Ripple (XRP)
Ripple has had an explosive month, pumping an impressive 280% in November. I timed my entry on November 14, right before the massive pump began, and shared this with paid subscribers in the chat.
While I believe this run still has room to grow, I’ve already secured profits—first at $1.40 and more recently at $1.90. Locking in gains during a strong rally like this is never a bad decision, even as the uptrend remains intact.
Wrapping Up
As we head deeper into the cycle, Bitcoin remains the market's anchor, with Ethereum and other altcoins building momentum. Short-term dips should be viewed as opportunities, while the long-term outlook remains overwhelmingly positive.
Thanks for reading!
Written by Timothy Assi, a popular investor on eToro.
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