BTC hits 81,000! Analyst: These 4 coins also have great potential, could there be a big pump this week?

BTC surged to 81,000, could it drive these 4 coins to rise?

BTC has recently continued to hit historical highs. As of this morning (11th), it once rose to $81,730 and is currently fluctuating slightly around $81,430.

"Encryption City" Previously reported, Cointelegraph analyst Big Smokey believes that this wave of bullishness has only just begun and BTC still has a lot of room to rise.

While another analyst, Tuur Demeester, also pointed out that in the face of the current upward trend, investors do not need to take any other rash actions, just HODL.

Senior analyst Rakesh Upadhyay of 《Cointelegraph》stated that if BTC maintains its upward momentum, the next target price could be $93,554. This level may be a temporary resistance, but if broken, it will target the six-figure $100,000 mark, which is also the expected target price for many investors.

However, if there is a significant pullback in the short term and it falls below the 20-day MA EMA (71,753 USD), it may trigger a large number of long positions to get liquidated, and it may potentially test the 50-day moving average (66,864 USD).

Can BTC maintain its high position and continue to drive the altcoin market higher? Upadhyay mentioned the following 4 promising cryptocurrencies and provided short term support and resistance analysis for reference only, not as a basis for investment.

Ethercoin ($ETH) price trend analysis

Upadhyay pointed out that Ethercoin ($ETH) rebounded from the support line of the symmetrical triangle on November 6, and surged significantly, breaking through the short-term resistance level of $2,850 (Resistance Line).

But from the daily candlestick trend, Ethercoin has not yet broken free from the downtrend line since March this year, and it is expected that shorts will vigorously defend the trend line resistance. If the resistance is broken, it is expected to challenge the high point of $4,094.

If Ethercoin pullback, the key support level below is $2,850. If it can rebound strongly from $2,850, it indicates that market sentiment remains optimistic and traders tend to buy heavily during pullbacks. However, if it falls below $2,850, it means that bears will regain the advantage in the short term.

Image source: CointelegraphEthercoin ($ETH) price trend analysis

Solana（$SOL）price trend analysis

Upadhyay pointed out that Solana ($SOL) broke the key resistance level of $210 on November 10, indicating that long positions are attempting to gain an advantage.

If $SOL can hold above $210 this week, it will represent the next stage of the upward trend. It may push towards $260 next, and short positions are expected to launch a strong defense there.

However, if $SOL fails to hold above $210 at the close, it means a short-term breakthrough failure, and it may fall to $189, which is an important support level in the near term. If it falls below $189, it may test the 20-day EMA ($178).

Image Source: Cointelegraph Solana ($SOL) Price Trend Analysis

Analysis of Sui ($SUI) Price Trends

Upadhyay pointed out that Sui broke the key resistance level of 2.37 US dollars on November 9, and then buying interest accelerated.

$SUI has recently pumped to over $3, but a longer upper wick has appeared on the K-line, indicating selling pressure at the high level. If the price falls below $2.70 in the future, short positions will attempt to pull the price back to $2.37.

However, if $SUI can maintain around 3 US dollars, it means longs are holding Position, expecting another rally. If it can break through 3.15 US dollars, the next target price could be 4 US dollars.

Image source: CointelegraphSui ($SUI) price trend analysis

Aave（$AAVE）price trend analysis

Upadhyay pointed out that Aave ($AAVE) accelerated its rise after breaking through the moving average on November 6, and rose to the psychological barrier of $200 on November 9.

From the daily candlestick chart, shorts will try to stop the rise at $200, but if the pullback is not significant, the likelihood of a breakthrough will increase. If it successfully breaks through $200, it may pump to $260.

If $AAVE pullback, the key support level in the short-term is $180. If it falls below this support, it may accelerate selling pressure, pulling the price back to the 20-day EMA ($160). In the event of a sudden Depth pullback, the next uptrend may be delayed.

Image source: CointelegraphAave ($AAVE) price trend analysis

[Disclaimer] The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situations. Responsibility is assumed for investment based on this.