Bitcoin is facing profit-booking near $38,000, but the correction is expected to be shallow as lower levels are likely to attract buyers. The failure to sustain above the $38,000 resistance has given an opportunity for bears to make a comeback. However, the bulls are expected to maintain momentum going into the final month of the year. Robert Kiyosaki, author of Rich Dad Poor Dad, reiterated his long-term bullish view on Bitcoin, gold, and silver. The S&P 500 Index continues its upward trend, while the U.S. Dollar Index is facing resistance. Bitcoin’s price action is forming an ascending triangle pattern, indicating a potential break above $38,000. Ether surged close to the overhead resistance of $2,137 but faced profit-booking. BNB’s rejection at the 20-day EMA suggests bears are trying to flip the level into resistance. XRP bounced off the 50-day SMA but hit resistance at the 20-day EMA. Solana turned down from immediate resistance at $59, indicating bearish pressure. Cardano failed to break above the overhead resistance of $0.40. Dogecoin saw solid buying at lower levels but faced selling pressure at higher levels. Chainlink broke above the downtrend line but failed to build momentum.
