Originally published on: December 15, 2024
Bitcoin has been making a strong recovery, moving towards its all-time high of $104,088. Experts predict that the cryptocurrency market will reach its peak in the first quarter of 2025, followed by a pullback in Bitcoin and altcoins. VanEck anticipates a fall and a subsequent rise later in the year.
Analysts are also bullish on Ether (ETH) as it shows strength in the derivatives market. Bybit analysts believe ETH could hit a new all-time high in the first quarter of 2025.
If Bitcoin maintains its momentum above $104,088, select altcoins like Chainlink (LINK), Aave (AAVE), and Bitget Token (BGB) could see significant gains. Let’s take a look at the top cryptocurrencies with strong chart structures.
Bitcoin is steadily moving towards the overhead resistance of $104,088, indicating a lack of aggressive selling pressure. On the upside, a breakout above this level could signal a resumption of the uptrend, with potential rallies to $113,331 and $125,000.
Ethereum (ETH) is facing resistance in the $4,000 to $4,094 zone. However, the trend favors buyers as long as the price remains above the 20-day EMA. A break above $4,094 could lead to a surge towards $4,500.
Chainlink (LINK) is in an uptrend, with strong support at $27.41. A break above $31 could signal further gains towards $34.50 and $38.30.
Aave (AAVE) has bounced off the 20-day EMA and is eyeing a breakout above $400. The key support levels to watch are $330 and $283.
Bitget Token (BGB) experienced a rally but faced resistance at $3.50. A bounce from $3 could lead to another attempt to break above $3.50.
As Bitcoin approaches a new all-time high, altcoins like ETH, LINK, AAVE, and BGB are also showing bullish signs. Keep an eye on these top cryptocurrencies for potential opportunities in the crypto market.
