Bitcoin has demonstrated strong resilience, bouncing back over $94,000, signaling that investors remain optimistic and are buying during price dips. While this recovery reflects confidence among buyers, a potential retest of the $100,000 mark seems imminent. Prominent figures in the market, including Blocktrends’ Cauê Oliveira, note that substantial purchases are occurring just below the $95,000 threshold.
A survey targeting 430 financial advisors indicates a growing inclination toward cryptocurrency investments, with 56% more likely to invest by 2025 following a political shift in the United States. Among those already invested, almost all intend to maintain or increase their cryptocurrency positions this year.
As new investors enter the market, optimism for both Bitcoin and alternative coins is rising. According to Raoul Pal of Real Vision, the market is heading toward a phase where widespread price increases will be followed by significant consolidations.
Starting with Bitcoin, analysis shows a critical resistance level at the current moving averages, and a failure to surpass these could result in a decline to $85,000. Conversely, surpassing the downtrend line might see rises to around $102,725 and subsequently $108,353.
For Ether, a potential head-and-shoulders pattern looms, which could pose risks if prices close below the neckline. Keeping above certain moving averages might help avoid a descent; otherwise, a fall to $2,850 is possible.
XRP’s situation sees it in a neutral symmetrical triangle pattern, risking a drop if it breaches support lines or could rally upon surpassing resistance levels.
BNB faces resistance but a successful breach of $745 could lead to a rise up to $935. Meanwhile, Solana is defending its uptrend line vigorously, with the potential to drop further if it loses support.
Dogecoin continues to range between $0.30 and $0.40, with potential breakthroughs or declines hinging on overcoming current resistance or losing support, respectively.
Cardano’s lower levels are attracting buyers, but selling pressure at moving averages may lead to a further decline if not overcome by bullish momentum.
Avalanche shows efforts to rebound from strong support but bears seem in control unless buyers can secure higher ground.
Sui’s resilience at the 20-day EMA suggests positive sentiment but risks exist if prices drop below significant SMAs.
Finally, Toncoin sees defenses at strong support zones, with potential for range trading or further decline should support not hold.
Investors are advised to stay alert to market shifts, given both risks and opportunities, with proper research and strategies for their cryptocurrency portfolios.
