Bitcoin has reached a crucial overhead resistance, with major altcoins also attempting a recovery but facing selling pressure. BTC remains on track to end November in the red. Analysts see the current dip as a buying opportunity, paving the way for new long-term investors ahead of a promising new year.

BTC’s recovery near the 20-day exponential moving average faces resistance from bears. A sharp turn down could push the price below key support zones, while holding ground may lead to a breakthrough towards $100,000.

Ether has reached the 20-day EMA, likely attracting selling pressure from bears. A sharp downturn could see the price decline to $2,623, while a close above the EMA may push it towards $3,350.

XRP is battling between buyers and sellers at the 20-day EMA. A break above the 50-day SMA could lead to an upward movement, while a drop below $2.14 might signal a bearish trend.

BNB has risen above $860 and reached the 20-day EMA, showing buying interest at lower levels. A close above the EMA could rally to the 50-day SMA, but breaking below $860 may lead to a drop to $730.

Solana’s rally has stalled at the 20-day EMA, but buyers are holding ground, possibly leading to a move above the EMA towards $190. Sellers need to push below $126 to maintain control.

Dogecoin’s relief rally faces resistance at the 20-day EMA, with bears active at higher levels. A break below $0.14 could start a downtrend, while a move above could lead to a rise towards $0.21.

Cardano struggles to reach the 20-day EMA, indicating a lack of demand. Bears may push below $0.38, leading to a downtrend, while buyers need to surpass $0.50 for an upward movement.

Hyperliquid’s recovery faces resistance at the 20-day EMA, but a breakthrough could lead to a rally towards $51.50. However, a drop below $29.30 may indicate a downtrend.

Bitcoin Cash remains above the resistance line, signaling buying on dips. A move above $568 could start a new uptrend, while a drop below the moving averages may lead to a test of $443.

Chainlink faces selling near the 20-day EMA, but bulls are holding ground. A break above the EMA could push towards the 50-day SMA, while sellers may aim for support at $10.94.

Read more at Cointelegraph: Bitcoin, Altcoins Bounce But Moving Averages Must Hold For Rally Extension