Bitcoin has soared past $97,000, setting a new all-time high just shy of $99,000—marking the third consecutive day of record highs. The past 24 hours have encapsulated the essence of a true bull run. Bitcoin surged from $94.4K to $98K in just three hours, followed by a brief pullback, only to rally again late last night. This time, however, the rally was accompanied by significant movement in altcoins.
Among the majors, Ethereum emerged as the standout, rallying nearly 9%, with Solana closely following in second place. As altcoins gained momentum, Bitcoin's rally slowed, leading to a dip in Bitcoin dominance from 61.83% to 60.61%. Despite this decline, dominance remains above 60%, signaling that the market is still in the early stages of the bull run. A slight drop in dominance is not a sign of the next phase; the true "alt season" typically begins after a more substantial correction.
So, what are you waiting for? We are on the brink of a period where generational wealth can be created. Why remain on the sidelines? If you're hesitant, thinking Bitcoin is "too high" or that "a pullback is coming," consider this: Bitcoin has surged from $66.8K to $98.9K since November 4—a $30K rally—without a single pullback exceeding 3%. Many have been waiting for corrections at $75K, $82K, $88K, $92K, and now current levels, only to miss out on a 50% rally in under three weeks.
Ask yourself: are you willing to keep waiting for a pullback that might never come, risking the chance to participate in this generational opportunity? While a pullback may happen, it could just as easily occur after Bitcoin reaches $120K—still well above today's prices. The boat hasn’t left yet; it’s not too late. If anything, this is your signal to reassess your stance—you’re likely not bullish enough.
For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.
Stormrake Spotlight: ONDO ($1.011)
Stormrake Spotlight: ONDO ($1.011)
Ondo appears to be forming a solid base around the $1 mark, a critical technical and psychological level for investors. Historically, breaking through such key levels—whether $1, $10, or even $100,000!!—often signals further bullish momentum and leads to significantly higher trading levels. If Ondo maintains this base, it is well-positioned to move higher in the coming days.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin continues to post higher highs after small pullbacks, with price consistently bouncing off the 21-day EMA. Overnight, Bitcoin peaked just shy of $99K and is now pulling back, likely to retest support at the 21-day EMA. This level has proven to be a reliable indicator in bullish trends, and with no signs of the trend changing, it’s only a matter of time before Bitcoin breaks the psychological barrier of $100K. Once this level is breached, the potential for explosive upside becomes even more likely.
BTC Total ETF Flows for 21 Nov: $ N/A Million (20 Nov saw an inflow of 773.4 million)
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
ETH/USD Key Levels and Price Action:
ETH/USD Key Levels and Price Action:
After a lackluster performance in recent days, Ethereum has not only broken out of its range but also flipped its trend bullish in dramatic fashion. Within four hours, ETH rallied 8%, leading the altcoin surge. It has now reached key resistance at $3,370, which rejected it on two previous attempts. ETH is testing this level for the third time within 10 hours. If ETH breaks above $3,370, it is likely to continue its bullish momentum, targeting $3,512. If it fails to break through, it may pull back to support at the 21-day EMA.
ETH Total ETF Flows for 21 Nov: $ N/A Million (20 Nov saw an outflow of 30.3 million)
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
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Written by Alexandar Artis
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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
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