Bitcoin, Ethereum, Dogecoin Hold Steady, Trader Eyes Buying Opportunity If BTC 'Hits Lower Numbers Around $90,000'

Cryptocurrency markets are trading lower on Tuesday, with altcoins continuing their strong performance.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$96,114.25	+0.8%
Ethereum ETH/USD	$3,616	+0.2%
Solana SOL/USD	$236.50	+3.2%
Dogecoin DOGE/USD	$0.4116	-2%
Shiba Inu SHIB/USD	$0.00002826	-2%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 125.5% and daily active addresses growing by 28%. Transactions greater than $100,000 are up from 8,298 to 12,355 in a single day. Currently, there are no Bitcoin holders underwater.
Coinglass data reports 216,766 traders liquidated in the past 24 hours for $590.24 million
IntoTheBlock shows Bitcoin long-term holders holding 12.45 million BTC—the lowest level since July 2022. Long-term holder balances have fallen by 9.8% this cycle, compared to 15% in 2021 and 26% in 2017.
CoinTelegraph noted Binance topping crypto exchanges for Bitcoin deposits in 2024, with average daily deposits rising by around 2.8 BTC in 2024.

Notable Developments:

Top Gainers:

Cryptocurrency	Price	Gains +/-
Reserve Rights RSR/USD	$0.02091	+119.6%
Tron TRX/USD	$0.3077	+43.6%
JasmyCoin JASMY/USD	$0.04181	+40%

Trader Notes: With Bitcoin prices trading relatively flat with negative bias, crypto chart analyst Ali Martinez advises watching out for key support levels like $90,000.

Crypto analyst Michaёl van de Poppe is awaiting a breakout for Bitcoin and is ready to buy if Bitcoin dips to $90,000.

Still no breakout on #Bitcoin, stuck in the range.

If we hit the lower numbers around $90K, I'll be a buyer. pic.twitter.com/CWUV3BgGBX
— Michaël van de Poppe (@CryptoMichNL) December 3, 2024

Crypto trader Kevin cautions that Bitcoin’s current pattern is moving closer to breaking out either to the upside or the downside.

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