Bitcoin is showing a bearish trend, possibly leading its price to drop to $76,000, according to recent chart patterns. Despite its struggle to breach the $100,000 mark, Bitcoin is seeing strong defense at certain price points, suggesting bullish sentiment persists. Notably, predictions for Bitcoin in 2025 remain optimistic, with forecasts ranging from a bear case of $150,000 to a bull case of $400,000.
In the broader cryptocurrency market, Ethereum is gaining traction with significant inflows into U.S. spot Ether exchange-traded funds (ETFs). This indicates robust interest, with one firm projecting a potential Ether price of over $6,000 by 2025.
Bitcoin closed below its 50-day simple moving average recently, hinting at weakening bullish momentum. The BTC/USDT pair is approaching a critical support level at $90,000. A rebound could see it rise past moving averages to target $108,353. The 4-hour chart shows a head-and-shoulders pattern, suggesting potential dips to $85,000 or even $76,647 unless buying pressure pushes prices above $100,000.
Binance Coin (BNB) shows a stable range between $635 and $722. A successful push past $722 might drive it higher to $760 and eventually $794. Conversely, falling below current support levels could extend its sideways trading.
Aave (AAVE) is battling near its 20-day EMA at $329. A dip could see it fall to $261, whereas overcoming the $362 threshold might trigger a test at $400, potentially paving the way toward $450.
Monero (XMR) is attempting to breach a $203 resistance, with its performance hinging on maintaining prices above its 20-day EMA. A successful advance past $203 opens the path to $234, though a failure could extend its rangebound behavior between $180 and $203.
Virtuals Protocol (VIRTUAL) renewed its uptrend by surpassing the $3.33 resistance, aiming for targets of $4 and $4.79. A drop below $3.33 could indicate weakening momentum and lead to a test of $2.71 support. Maintaining levels above $3.33 keeps the bullish trend viable.
Overall, these cryptocurrencies exhibit mixed signals, with potential for either bullish gains or bearish corrections depending on key support and resistance levels.
