Bitcoin price sees bulls returning to the scene on Thanksgiving as investors see buying opportunities across the board in cryptocurrencies. Ethereum price sees momentum even building towards a bullish breakout with buy-side volume under excessive bidding. Although XRP is lagging, it is still stuck in a bearish triangle, the higher lows show a bullish inflow into the currency.
Bitcoin price is consolidating as it continues to trend sideways following its all-time high earlier this month. However, a technical pattern suggests that the retracement may soon be over, and the leading cryptocurrency’s next target appears to be at $88,000.
Chainlink has dropped out of the top 15 cryptocurrencies by market capitalization and suffered prolonged consolidation. Chainlink continues to onboard new partners through its oracle service, leading to increased popularity for the altcoin over the past quarter.