Originally published on: December 13, 2024
The battle between bulls and bears intensifies as Bitcoin (BTC) nears the $100,000 mark, showing signs of an upside breakout. With China and the European Central Bank rate cuts spurring capital flows into risk-on markets, crypto could see further upward momentum. Analysts predict a continued rally for Bitcoin in 2025, driven by increased institutional investment.
Bitcoin’s recent uptrend faces resistance near $104,088, while Ethereum (ETH) looks to break above $4,094. XRP struggles to breach $2.65, signaling a potential rally to $3.50 if successful. Solana (SOL) eyes resistance at $248, while Binance Coin (BNB) aims for $861. Dogecoin (DOGE) needs to stay above $0.43 for a rally to $0.48, and Cardano (ADA) seeks a breakthrough at $1.16. Avalanche (AVAX) eyes resistance at $60, while Chainlink (LINK) targets $38.30. Shiba Inu (SHIB) faces selling pressure at $0.000030.
As the crypto market continues to evolve, strategic investors watch for key resistance levels to gauge potential breakouts. Stay informed with the latest insights and trends to make informed investment decisions. Subscribe to our newsletter for weekly updates.
