Bitcoin’s price trajectory suggests a potential decline toward $76,000, driven by a bearish chart pattern. The cryptocurrency struggled to maintain its price above $100,000, despite attempts by buyers to regain control, indicating strong selling pressure from bears. However, if Bitcoin finds solid support at $90,000 and reverses its trend, it may signal renewed buying interest.
Analysts from Blockware Solutions have projected Bitcoin could reach $225,000 by 2025, despite the current bearish trend. The conservative projection remains at a promising $150,000 while the bullish outlook envisions a surge to $400,000.
Meanwhile, Ether has sparked interest from traders, primarily due to substantial inflows into U.S. spot Ether ETFs, which reached over $2.5 billion in December, more than double November’s figure. Asset management firm VanEck has set a $6,000 target for 2025.
Analysis reveals that for Bitcoin to regain dominance, buyers must push the price above $100,000, potentially rallying toward a previous high of $108,353. The four-hour chart uncovers a head-and-shoulders pattern indicating a possible drop to $76,647 if it fails to hold above key support levels.
BNB has shown relative strength, maintaining a range between $635 and $722, with the bulls attempting to breach the upper barrier. Success in overcoming $722 might propel the cryptocurrency to $760 and possibly $794.
Aave is battling near its 20-day EMA, showing signs of slowing momentum. A decisive move above $362 could reignite an uptrend toward $400, although a drop below the 20-day EMA may tumble it to $261.
Monero faces strong resistance at $203, but a surge past this level could lead to gains toward $216 and then $234. However, failure to maintain above the 20-day EMA could keep it range-bound.
Virtuals Protocol resumed its uptrend post-breaking the $3.33 resistance. Buyers have the upper hand with a potential surge to $4; still, a failure to hold above $3.33 might trigger a decline toward the 20-day EMA.
Readers are reminded that investment and trading carry risks, and expert advice should be sought before making decisions.
