Originally published on: December 15, 2024
Bitcoin has bounced back impressively from recent lows and is now eyeing a new all-time high of $104,088. Market experts are optimistic about the future, with VanEck predicting the cryptocurrency bull market to peak in the first quarter of 2025, followed by a potential pullback. Similarly, Bitcoin mining industry researcher Danny Marques foresees Bitcoin hitting between $173,646 and $461,135 by 2025.
While all eyes are on Bitcoin, analysts are also keeping an eye on other cryptocurrencies like Ether (ETH), Chainlink (LINK), Aave (AAVE), and Bitget Token (BGB). There is excitement around Ether catching up and potentially reaching a new all-time high in early 2025.
In the short term, if Bitcoin can break and sustain above $104,088, it could pave the way for select altcoins to surge higher. Let’s take a look at the top cryptocurrencies showing strong chart patterns.
Bitcoin has been steadily inching towards the $104,088 resistance level, with buyers maintaining control despite a slight negative divergence. On the upside, a breakout above $104,088 could signal further gains, potentially pushing Bitcoin towards $113,331 and beyond.
Ether is testing a significant resistance zone around $4,000, with bullish momentum supported by moving averages. A break above $4,094 could set the stage for a rally towards $4,500.
Chainlink is showing strength in its uptrend, but faces resistance near $30. A breakout above $31 could lead to a surge towards $34.50 and $38.30.
Aave has bounced off key support levels and is eyeing a move towards $400 and potentially $450 if buyers can sustain the momentum.
Bitget Token (BGB) has been on an impressive uptrend, with a slight pullback from recent highs. The bulls are eyeing a retest of the $3.50 resistance level.
As the cryptocurrency market continues to evolve, there is renewed optimism and excitement for the future. Investors and traders should conduct their own research and stay informed to make informed decisions in this dynamic market. Stay tuned for more updates on the market outlook and investment opportunities.
