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Bitcoin and Altcoin Market Update: Opportunities and Cautions

As of November 25, 2024, the cryptocurrency market is experiencing notable movements, particularly with Bitcoin approaching the psychological barrier of $100,000. It's essential to dissect the current situations surrounding Bitcoin, altcoins, and broader market dynamics to strategically position ourselves for upcoming opportunities.

Current Bitcoin Status and Market Sentiment

Bitcoin's recent surge through resistance levels signifies a potential continuation of bullish momentum. However, this rise also indicates that Bitcoin may be reaching an overheated phase. Traders are encouraged to adopt a cautious approach, as the market could correct when it re-approaches essential moving averages like the 21-day average.