Originally published on: December 15, 2024
As BitcoinBTC shows signs of pushing towards its all-time high, altcoins like EtherETH, ChainlinkLINK, AaveAAVE, and Bitget Token (BGB) are also making significant strides in the market. With experts predicting bullish trends, the crypto landscape is expected to see impressive growth in the coming years.
VanEck, a prominent asset manager, foresees the cryptocurrency bull market peaking in the first quarter of 2025. Following this peak, a 30% pullback in Bitcoin and a sharper retracement of up to 60% in altcoins is anticipated. However, a rebound is expected in the fall, with major tokens regaining momentum and reclaiming previous all-time highs by the end of the year.
Bitcoin mining industry researcher Danny Marques predicts that Bitcoin could reach impressive highs of between $173,646 and $461,135 in 2025, barring any unforeseen macroeconomic challenges.
Analysts also see Ether playing catch up in the market. Bybit analysts believe that Ether is gearing up for a new all-time high in the first quarter of 2025, showcasing strength in the derivatives market.
In the short term, if Bitcoin breaks and maintains above $104,088, select altcoins like ETH, LINK, AAVE, and BGB could experience significant upward movement. Let’s dive into the top 5 cryptocurrencies with strong chart structures to watch out for:
BitcoinBTC
Bitcoin is steadily approaching the $104,088 overhead resistance, indicating a lack of significant selling pressure. A break and close above this level could lead to a rally towards $113,331 and potentially $125,000.
EtherETH
Facing resistance in the $4,000 to $4,094 zone, Ether is showing signs of slowing momentum. Buyers will need to defend the 20-day EMA support to maintain the uptrend, with a possible surge to $4,500 if the $4,094 level is breached.
ChainlinkLINK
While in an uptrend, Chainlink faces resistance above $30, with crucial support at $27.41. A break above $31 could propel LINK to $34.50 and $38.30, while a drop below $27.41 may lead to a deeper correction.
AaveAAVE
After bouncing off the 20-day EMA, Aave is eyeing a breakout above $400, potentially targeting $450. Buyers must defend the 38.2% Fibonacci retracement level at $330 to maintain the uptrend.
Bitget Token (BGB)
Despite a decline from $3.50, BGB is looking to bounce back from $3 support. Reclaiming the $3.50 level could fuel a rally towards $4, while staying below $3 may lead to a consolidation phase.
With crypto markets heating up and various coins showing signs of bullish momentum, investors are eagerly watching for potential opportunities and trends in the evolving landscape.
