Originally published on: December 16, 2024
As BitcoinBTC continues to soar, Material Indicators co-founder Keith Alan predicts a “MACRO move” around Dec. 17. Despite the potential for a Federal Reserve rate cut to boost prices further, Alan remains cautious, waiting for more clarity before diving in.
ZK Square chief investment officer CK Zheng suggests that Bitcoin may have entered a “Santa Claus mode,” with a rally expected to reach $125,000 in early 2025. However, a 30% correction could follow.
Undeterred, MicroStrategy recently acquired an additional 15,350 Bitcoin, solidifying their position in the market.
Will this Bitcoin rally uplift altcoins, or is a correction on the horizon? Let’s delve into the charts.
S&P 500 Index (SPX) faces resistance near 6,100, a positive sign as bulls hold their ground despite looming pressure.
The US dollar Index (DXY) pushes toward 108, expecting a bearish challenge at overhead resistance.
BitcoinBTC breaks records, surging past $104,088, with potential resistance ahead at $113,331.
EtherETH aims for $4,094, anticipating resistance and support levels to navigate.
XRPXRP struggles to soar despite breaking above downtrend lines.
SolanaSOL waits for a breakout as bears and bulls battle near the moving averages.
BNBBNB consolidates near $722, prompting potential gains to $761 and beyond.
DogecoinDOGE stands at a crossroads, uncertain of future price movements within the channel pattern.
CardanoADA holds above key support levels at $1.06, eyeing a rebound to $1.33.
AvalancheAVAX braces for a potential dip below the 20-day EMA ($47.80) as bears threaten to take control.
With exciting market movements and potential price hikes ahead, investors need to remain vigilant and proactive. Stay tuned for more insights and stay updated on investment opportunities to make informed decisions.
