Orhan 
Here’s an updated analysis of Bitcoin and leading altcoins, including critical support and resistance levels, recent market movements, liquidation trends, and upcoming events.
Bitcoin (BTC): Key Intraday Levels
– Current Price: $86,200
– Support Levels:
– $86,000: Immediate support; a critical level to watch.
– $81,000: A deeper correction could target this zone if $86,000 fails.
– Resistance Levels:
– $89,000: Key resistance; Bitcoin needs a daily close above this level for sustained recovery.
– $90,000: Psychological barrier and a potential breakout level.
Despite intraday spikes, Bitcoin is struggling to maintain momentum. If it fails to hold above $86,000, further bearish pressure could push prices lower.
Ethereum (ETH): ETH/USDT Analysis
– Current Price: $3,066 (-3.73% in the last 24 hours).
– Support Levels:
– $3,060: Immediate support.
– $2,900: Key lower support if bearish momentum persists.
– Resistance Levels:
– $3,140: First major resistance zone.
– $3,220: A breakout above this could signal a bullish reversal.
Key Altcoin Updates
MultiverseX (EGLD):
– Price: $28.13 (-4.45%).
– Resistance Levels:
– $29.30 and $31.55.
– Support Levels:
– $27.90 and deeper at $25.30.
Avalanche (AVAX):
– Price: $31.88 (-0.17%).
– Resistance Levels:
– $32.32 and $34.80.
– Support Levels:
– $30.80 and $27.20 in case of a broader decline.
Arkham (ARKM):
– Price: $2.09 (-2.02%).
– Resistance Levels:
– $2.05 and $2.20.
– Support Levels:
– $1.95 and $1.72 for a potential deeper pullback.
Trending Coins
– Top Trending Coins: Brett (BRETT), Pepe (PEPE), and Sui (SUI).
– Top Gainers: Virtuals Protocol (VIRTUAL), Degen (Base) (DEGEN), SPX6900 (SPX).
– Top Losers: Department Of Government Efficiency (DOGE), Neiro (NEIRO), AltLayer (ALT).
Bitcoin Liquidation Map
A review of Bitcoin’s 12-hour liquidation map highlights the following zones:
– Above: $88,575 (49M liquidation risk).
– Below: $87,513 (49M liquidation risk).
This suggests significant liquidity is concentrated near these levels, with potential volatility if Bitcoin approaches these zones.
Upcoming Market Events
- Ethereum Shanghai Upgrade Developments: Ongoing discussions could impact staking ecosystems.
- Federal Reserve Meeting Minutes (November 22): Macroeconomic insights could influence crypto market sentiment.
Will the Decline Continue?
The bearish momentum persists, but markets are near critical support levels. Watch for a breakout above resistance zones or a significant breach of support for directional confirmation. Risk management remains crucial in these volatile conditions.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.