Price Analysis December 11th Update: Bitcoin, Ethereum, and 9 Top Cryptocurrencies

The provided text is an analysis of the prices and trends of various cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Shiba Inu, Toncoin, and others. The article attempts to provide insights on the future price movements of these cryptocurrencies based on their current market conditions.

Here’s a summary of the main points:

1. Bitcoin (BTC): The article mentions that Bitcoin may be topping out, citing a gold fractal that suggests a potential 35% correction.
2. Dogecoin (DOGE): Dogecoin broke and closed below its support line but bears are struggling to keep the price down. A potential rise to $0.42 and $0.48 is predicted if bulls succeed in pushing the price back into the channel.
3. Cardano (ADA): Cardano’s selling accelerated after the price slipped below its near-term support of $1.11. However, a relief rally above $1.16 could indicate a rise to $1.24 and then to $1.33.
4. Avalanche (AVAX): Avalanche turned down sharply but bears are struggling to sustain lower levels. A potential rise to the $51-$56 overhead resistance zone is predicted if buyers maintain the price above the 20-day EMA ($45.69).
5. Toncoin (TON): Toncoin turned down sharply and fell close to its support zone, indicating profit booking by bulls. If the price turns down from the 20-day EMA, a break below $5.64 is possible.
6. Shiba Inu (SHIB): Shiba Inu turned down from $0.000033 on Dec. 8 and plunged below its 20-day EMA ($0.000028) on Dec. 9. If the price turns down from the 20-day EMA, a decline to $0.000020 is possible.

Overall, the article provides a detailed analysis of various cryptocurrencies’ prices and trends. It also offers insights into potential future price movements based on current market conditions.

To answer your question:

The article does not provide a specific prediction for when Bitcoin will top out or how much it will correct by, but it mentions a gold fractal that suggests a potential 35% correction ahead.

Please note that cryptocurrency prices are highly volatile and can change rapidly. The provided analysis should not be considered as investment advice. Each reader should conduct their own research before making any decisions.