SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX

The fall of the bulls has started to push Bitcoin (BTC) above $100,000, which is expected to find buyers at lower levels.

According to crypto-tracking platform SoSoValue, the United States-based space for Bitcoin exchange-traded funds (ETFs) saw a record $3.38 billion in inflows last week.

Another major buyer of Bitcoin is MicroStrategy, a publicly traded business information and software firm, which bought 55,000 bitcoins worth $5.4 billion between Nov. 18 and Nov. 24, at an average price of $97,862. After the latest purchase, MicroStrategy's total holdings reached 386,700 Bitcoin.

However, traders need to be cautious as the markets failed to break above $100,000 after big inflows into Bitcoin ETFs and micro-strategy buying is in the news. A repeated failure above higher resistance may tempt short-term bulls to book profits, triggering a deep pullback.

What are the critical support levels to look out for in Bitcoin and altcoins? Let's examine the charts to find out.

S&P 500 Index Price Analysis

The S&P 500 Index (SPX) rose to a new high on November 25, but a long wick on the candlestick suggests that the bears are trying to end the rally.

If buyers do not place more than the current level, the possibility of a break above 6,021 will increase. The index may go north to 6,221 and then to 6,500.

If the price declines and breaks below the 20-day EMA (5,906), this bullish outlook will become invalid in the near term. The index may decline to its 50-day simple moving average (5,817). Buyers are expected to defend the 50-day SMA with all their strength as a close below it would signal the initiation of a deeper correction towards 5,670.

Analysis of the price of the US dollar index

The US Dollar Index (DXY) rejected strong overhead resistance from 108 on November 22, indicating that the bears are aggressively guarding the level.

The 20-day EMA (105) is an important support to watch out for. If the price changes from the current level or from the 20-day EMA, it indicates that the sentiment is positive, and traders are buying dips. The bulls will again try to drive the price above 108, starting a rally towards 114.

Contrary to this assumption, if the price declines and breaks below the 20-day EMA, it suggests that the bulls will book profits. That could push the price up to 105, extending the range between 100 and 108.

Bitcoin price analysis

Bitcoin is witnessing short-term bulls for profit booking, which has pulled the price to an upward line.

If the price breaks strongly from the high line, it suggests that the bulls will buy on the minor double. The bulls will again try to push the BTC/USDT pair above $100,000. If they can pull through, the pair can accelerate to $113,331 and then $125,000.

Alternatively, a break below the uptrend line could sink the pair to the 20-day EMA ($89,213). This is a key level for the bulls to defend against as a break below it could pull the pair towards $85,000.

Ether price analysis

Ether (ETH) broke from the low line on November 23, but a positive sign is that the bulls bought the dip.

Buyers are again trying to push the price above the lower line. If you can do that, it shows that there may be a trend change. The ETH/USDT pair may rally towards $3,900 and eventually towards $4,094. Sellers are expected to defend the zone between $3,900 and $4,094.

The 20-day EMA ($3,141) is a crucial support to watch out for on the downside. A break and close below the 20-day EMA suggests that the bulls have given up hope. The pair may drop to the $2,850 breakeven level.

Solana price analysis

Solana (SOL) has bounced back to the 20-day EMA ($225), which indicates that bulls are taking profits.

The 20-day EMA is an important support to watch out for. If the price rebounds aggressively from the 20-day EMA, it indicates strong demand at lower levels. That improves vacation time by over $265. The SOL/USDT pair may rise to $304.

Conversely, if the price continues lower and breaks below the 20-day EMA, it indicates that the bulls are rushing to the exit. The pair could retest the $210 breakeven level, which could attract buyers.

BNB price analysis

BNB (BNB) bulls are struggling to sustain the price above $667, indicating a lack of interest at higher levels.

Sellers try to pull back the price by pulling it below the moving average. If they do that, the BNB/USDT pair may go down to the top line.

Instead, if the price stays above the 20-day EMA ($622), it will show gains for the bulls. That adds up to over $667 in vacation time. If that's the case, the pair could raise about $722. Sellers will try to stop the upward movement at $722, but if the bulls win, the pair could extend the rally to $810.

XRP price analysis

XRP (XRP) saw volatile movements on November 23 and 24, indicating a fierce battle between bulls and bears.

Generally, straight rallies are followed by sharp corrections or periods of consolidation. The XRP/USDT pair may fluctuate between $1.27 and $1.63 for a while. If the bearish price breaks below $1.27, the pair may drop to the 20-day EMA ($1.05).

Conversely, a break and close above $1.63 would signal a resumption of the uptrend. The pair could rise to $1.76 and eventually to $1.97. Sellers are expected to strongly defend the $1.97 level.

Related: Bitcoin sees new $90K BTC price target as 3% dip sparks liquidations

Dogecoin price analysis

Dogecoin (DOGE) rose above the $0.44 resistance on November 23, but the long wick on the candlestick indicates oversold.

The bulls will again try to find a price above $0.44. If they succeed, the DOGE/USDT pair can continue to rise. The rally could reach $0.50 and then $0.59.

Bears need to break below the 20-day EMA ($0.34) if they want to prevent upside. That could start a correction deeper towards $0.30, indicating that the bulls are losing their grip.

Cardano price analysis

Cardano (ADA) retracement is finding support from the 50% Fibonacci retracement level near $0.92.

The RSI remains in the overbought territory, suggesting that the ADA/USDT pair may enter consolidation for a few days. The range could be between $0.92 and $1.15. If buyers drive the price above $1.15, the pair could initiate the next hike to $1.25 and then to $1.64.

Conversely, a break and close below $0.92 would favor the bears in the short term. The pair may slide towards the 61.8% retracement level towards $0.86 and later towards $0.80.

Price analysis

Avalanche (AVAX) has bounced back from the breakout level of the November 24 channel pattern, indicating buying on the dips.

The bulls pushed the price above the upper resistance of $45.27 on November 25, but the long wick on the candle suggests selling at a higher level. The 20-day EMA ($35.39) is critical support to watch out for on the downside. A recovery from the 20-day EMA increases the possibility of a rally to $51 and later to $60.

If the price declines and falls below the 20-day EMA, this bullish outlook will be cancelled. Such a move shows that markets have rejected a downturn. The AVAX/USDT pair may decline towards the 50-day SMA ($29.75).

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.