Originally published on: December 01, 2024
Bitcoin is on the cusp of breaking the $100,000 barrier, signaling bullish momentum as traders anticipate a continued uptrend. Raoul Pal, founder of Global Macro Investor, predicts a potential local top for Bitcoin above $110,000 by January.
The crypto market is abuzz with optimism as experts like Tom Lee from Fundstrat Global Advisors foresee Bitcoin soaring to $250,000 by 2025. Amidst this excitement, attention is shifting towards altcoins as Bitcoin’s dominance wanes, marking the beginning of the ‘altseason.’
As Bitcoin inches closer to $100,000, let’s explore the top 5 cryptocurrencies poised for a surge with strong chart structures.
Bitcoin faces key resistance at $100,000, but indicators like the 20-day EMA and RSI point towards bullish control. A breakout above $100,000 could drive Bitcoin towards $113,331 and eventually $125,000.
Shiba Inu (SHIB) recently broke above key resistance levels, forming an inverse head-and-shoulders pattern. If SHIB maintains above $0.000030, it could target $0.000039 and potentially rally to $0.000047.
Filecoin (FIL) completed a bullish rounding bottom pattern after closing above $6.77. A sustained hold above this level could lead FIL towards $9.34.
Mantle (MNT) is eyeing a breakout above $0.94, with a target of $1.10 if buyers maintain control. On the flip side, a drop below $0.94 could signal bearish pressure.
Aave (AAVE) broke and closed above $200, signaling an uptrend resumption. AAVE needs to sustain above $215 for a rally towards $260.
As Bitcoin’s price trajectory remains bullish, altcoins like SHIB, FIL, MNT, and AAVE are poised for significant gains. Keep an eye on these promising cryptocurrencies as they ride the wave of the crypto market’s exciting developments.
