Bitcoin (BTC) and altcoins push higher, Ethereum, XRP, Dogecoin, and Solana are the standouts.

Major cryptocurrencies are slightly up on early Wednesday morning, with Bitcoin holding steady and altcoins like Ethereum, XRP, Dogecoin and Solana pushing higher.

Major cryptocurrencies were trading slightly higher early Wednesday morning, with Bitcoin holding steady and altcoins like Ethereum, XRP, Dogecoin, and Solana pushing higher.

At press time, Bitcoin was trading at around $70,000, showing minimal change over the past 24 hours. The world’s largest cryptocurrency had hit a new all-time high of over $71,000 earlier this week.

Meanwhile, Ethereum was up over 2% and was trading at around $2,500. The second-largest cryptocurrency had fallen to as low as $2,400 on Tuesday.

Among other major altcoins, XRP was up over 4% and had breached the $3 handle, while Dogecoin rose over 7% and Solana gained over 3%.

Crypto trader Jelle was remaining bullish on Bitcoin, saying that new all-time highs were “inevitable” as long as the current trend continued.

“We're still in a clear uptrend with higher highs and higher lows. No signs of weakness yet. As long as the bulls remain in control, new all-time highs are inevitable. Get ready for the ride!” the trader said.

We're still in a clear uptrend with higher highs and higher lows. No signs of weakness yet.

As long as the bulls remain in control, new all-time highs are inevitable. Get ready for the ride! 🤘

Still thinking about it? Maybe this will help: https://t.co/8uR2ZCn8rM

— Jelle (@jelle_btc) December 1, 2023

Analyst Ali Martinez noted that the Accumulation Trend Score was now signaling active buying at current price levels, a sign of growing investor confidence.

“The Accumulation Trend Score by Labeled Capital is now signaling active buying at current price levels, which bodes well for further gains in the market. This score measures the relative strength of buyers and sellers at a particular price point, and a high score indicates that there is more buying pressure.”

At the same time, Solana was testing a critical resistance zone around $175, a key level to watch for potential breakout confirmation.

“Solana is currently testing the critical resistance zone at $175, a level that could determine the continuation of the recent rally or a potential reversal. A breakout above this zone would open the door for further gains towards the next resistance at $210, while failure to hold support at $150 could negate the bullish trend.”

For Dogecoin, Trader Tardigrade observed that the RSI moving average was trending upward, suggesting that this phase of the rally could lead to a parabolic surge in price.

“The RSI moving average is clearly trending upward, which bodes well for the bulls. In this phase of the rally, we could see a parabolic surge in price as the bulls grow increasingly dominant.”

Rose Premium Signals flagged a bullish breakout in XRP from a falling wedge pattern, with key support levels at $2.40-$2.20, $1.78, and $1.68. Resistance zones to watch include $3.15, $3.73, and $4.29.

Regarding Ethereum, Castillo Trading said the asset was consolidating as expected, forming a solid base between $2,400 and $2,700. They anticipated short-term volatility before ETH makes its next decisive move.

“Expecting some short-term volatility in ETH as we saw a decent move yesterday. Still consolidating as expected and forming a good base between $2400-$2700. Should see some good volume on the next move.”