|

Cryptocurrencies Price Prediction: Bitcoin, Binance Coin and Solana – European Wrap 29 November

Bitcoin price hears jingle bells rolling in

Bitcoin (BTC) price is popping higher this Tuesday morning in the ASIA PAC session as Chinese markets spurt higher. After the social unrest over the weekend and on Monday, markets are taking a 180-degree turn as the Chinese government comes with more easing policy guidance and commits to speed up the vaccination rate. On the back of these measures, markets are rallying as another supply chain glut is to be avoided, and inflation forces should decrease a bit further, triggering a rally in BTC that could continue into Christmas.

BTC/USD daily chart

Binance price shows promising support that could bring $400 onto quote board

Binance (BNB) price rallies firmly in the ASIA PAC trading hours as China flips 180 degrees with commitments from the government to reopen further and speed up the vaccination rate. This cuts short the social unrest and puts the sponge over any further escalation and disputes.Furthermore, the world can release a sigh of relief as inflation now can continue to ease as no real inflation shocks are on the horizon, and Fed chair Powell can communicate that a less aggressive tone is needed to get inflation back to 2%, making it a white Christmas after all.

 
BNB/USD daily chart

Solana price set to gear up for Dominica coming online with cryptocurrency

Solana (SOL) has been flirting with $10 to the downside and since last week was able to trade away from that low price tag. The Commonwealth Dominica is set to join El Salvador as a country that adopts cryptocurrencies as a legal form of payment. Next to the local currency, people can use Dominica Coin (DMC) for daily use, which should boost the usage of several other cryptocurrencies such as SOL.

SOL/USD daily chart

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Why altcoin season isn't coming back — and what stole its capital

If, after two years of being frozen in ice, Katara and Sokka woke you up to the crypto market, it would seem like 100 years have passed. With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.

Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin recovers, trading above $78,000 on Friday, but the 50-week SMA near $78,760 continues to cap its upside. A hawkish Fed outlook, escalating Middle East tensions, and the CLARITY Act's failure to advance in the US Senate could limit BTC upside.

Why Bitcoin's over 30% rebound doesn't mean the bear market cycle is done

BTC has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August. Is this the start of a new bullish phase, or simply another recovery within a broader bear-market cycle?

Crypto Today: Bitcoin, Ethereum, XRP eye short-term breakout as bulls return

Bitcoin trades higher near $78,000 on Friday as bulls return after early-week macro uncertainty and regulatory headwinds. Ethereum aligns with the broader crypto market’s neutral-to-bullish outlook, holding support above $2,400 and gaining momentum for a short-term breakout at $2,500.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed
Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.