Bitcoin hits new high at $106,000, altcoins could benefit, Dogecoin volume drops, Ethereum faces resistance.

From Investing.com

December 16, 2024 10:30 PM:

Bitcoin has surged to a new all-time high of $106,000, with open interest hitting $67 billion. The next resistance level is expected at $110,000, with support at $98,000. Altcoins could benefit from Bitcoin’s momentum. Dogecoin is experiencing a drop in trading volume and volatility, while Ethereum faces resistance at $4,000.

Dogecoin is stagnant due to reduced trading volume and volatility, struggling to break through resistance at $0.42. Support is at $0.39, with a potential drop to $0.34 if it fails. Ethereum faces selling pressure near $4,000, with support at $3,677 and resistance at $4,200-4,500. More buying volume is needed for a breakout.

Read more at Investing.com: Next Target, Dogecoin (DOGE) Volume Disappears, Ethereum (ETH) Hits $4,000, But There’s a Catch By U.Today