Cryptonews

Gold hit $2,000 in February 2024 and now it’s 112% higher! 📈 It’s like a toddler on a sugar rush, and the next stop is $5,000. But hey, who needs sleep when you can print more money? 📉💸

After recording an all-time high of $1,245,000, Bitcoin has entered a prolonged period of consolidation, struggling notably to break and sustain itself above the crucial $95,000 price level. 🚨

Its price, once a proud eagle soaring above the peaks of $730, now plummets like a desperate soul into the abyss of $470-a descent of 27%, as if the very fabric of its existence has been unraveled by the hands of fate. 🧠

Solana (SOL) token hit $145 today, Nov. 28, up 18% from its monthly low. Why? Because apparently, it’s not just my self-esteem that’s on the cusp of a roughly 80% surge. 😏 Here’s the tea:

The last drop (you know, the one that everyone cried about) hit the 161.80% Fibonacci zone, did a little dramatic bounce, and now it’s too scared to go back. Seriously. XRP has avoided that spot like it’s trying to dodge a bad ex. So, yeah, from this point, the trader’s map to $6 looks like it’s all set. A very promising $5.85 to $6 range, if you’re into that kind of thing.

At the same time, a niche trend of solo mining is emerging, according to Bitfinex analysts who spoke to CryptoMoon. “Despite the new spike in more industrial Bitcoin mining, we would like to underscore the new wave of solo miners and how hobbyist miners are coming back to the market, thanks to improvements in mining pools, efficiency gains and niche strategies,” the analysts said. 🤔 “Niche strategies” sounds like a fancy way of saying “I’m still trying to figure this out.”

Behold, China’s mining sector rises from the ashes like a phoenix-or perhaps a cunning dragon! 🐉 Despite the 2021 ban, new data reveals China now commands 14% of the global hashrate, reclaiming its throne behind the U.S. and Russia. How scandalous!

Dogecoin, poor dear, has extended its decline after yet another rejection at that wretched descending resistance line. Technical analysis, you know, is such a bore, but it does paint a rather gloomy picture. Compressed lower-high rallies? It’s like watching a balloon deflate at a child’s party. 🎈👎

Tony Severino, our resident crypto oracle, is now warning traders to stop worrying about whale activity and start panicking about this “Shark in the water.” His chart looks like a rejected art project from a kindergartener: ABCD harmonic structure, Fibonacci ratios… whatever that means. My cat’s tail twitching is more reliable. Still, he’s dead-set on Bitcoin crashing to $41k, which would make your gains vanish like my willpower on a Tuesday. 😬

Summary