This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin faced resistance at the $38,000 level and subsequently dropped below $37,000, giving bears an opportunity to make a comeback. However, buyers are expected to be attracted to lower levels as bulls aim to maintain momentum heading into the final month of the year. In the near term, uncertainty persists. Robert Kiyosaki, the author of Rich Dad Poor Dad, maintains a long-term bullish view on Bitcoin, gold, and silver. The S&P 500 Index continues to rise, indicating strong demand at higher levels. The U.S. Dollar Index is facing resistance from bears, and a break above the 20-day EMA is needed for a potential rally. Bitcoin’s price action is forming an ascending triangle pattern, suggesting the path of least resistance is to the upside. Ether experienced a surge but failed to overcome overhead resistance, leading to profit-booking. Chainlink broke above the downtrend line but struggled to sustain momentum, with the 20-day EMA acting as a crucial support level. The market remains uncertain, with both bulls and bears vying for control.