Bitcoin buyers have maintained the pressure in the past few days, enhancing the chances of a surge above $100,000. While the coin has rallied 6% in the past seven days, spot ETFs, on the other hand, have seen massive profit booking, with over $240 million worth of BTC sold.
Bitcoin’s short-term failure to cross $100,000 hasn’t changed the long-term bullish view. Earlier last week, analysts at Steno Research said that 2025 was going be the best year ever for Bitcoin and other cryptocurrencies. They anticipated a BTC rally to $150,000. Additionally, they expressed optimism that Ethereum will end this year while changing hands above $8,000.
Meanwhile, investment research company Brave Research has urged investors to view Bitcoin’s current prices as an opportunity to buy the dip, claiming that the coin may not touch these levels again in the coming months.
Will a BTC rally above $100k trigger a marketwide rally? And if so, what barriers on the upper side should we monitor? We now take a look at the charts to find out.
Bitcoin Price Analysis
BTC has traded above the 50-day Simple Moving Average of $96,934 since Friday, signaling that the bulls are back in the market. However, the Relative Strength Index (51) doesn’t give them a significant edge. That means Bitcoin could remain in a consolidation phase for some time, trading between $90,106 and $100,000.
But If the $100,000 barrier gives way, the bulls would be happy to fuel a rally to $108,316 and then to $113,160. Conversely, Bitcoin risks plunge to $85,217 if the bears tug it below $90,106.
Ethereum Price Analysis
Ethereum completed a bullish ascending triangle pattern after crossing the $3,558 resistance level over the weekend. The Relative Strength Index (59.38) signals more room for another bullish move. If that happens, ETH could rally to $3,892 and later to $4,094.26. However, if the bears pull the coin below $3,558, the bullish setup will no longer be valid. As such, bears may try to pull Ethereum to $3,124 and then to $3,000.44.
XRP Price Analysis
XRP couldn’t go above the upper line of the ascending triangle pattern on Sunday, indicating intense profit-taking at higher levels. The good news for the buyers is that the coin continues to trade above the $2.31 vital support. So, if they maintain XRP at this level, a journey to $2.62 and then to $2.93 will seem possible.
Conversely, a dip below $2.31 could cause the coin to plummet to the 20-day Exponential Moving Average of $2.25 and eventually to the 50-day Simple Moving Average of $2.03.
BNB Price Analysis
The 20-day Exponential Moving Average of $699.03 has been guarded by the bulls in the past two days, improving the prospects of a continuation of the rally. If the resistance at $721.87 collapses, it would be safe to assume that the bears have been overpowered. As such, BNB could rally to $759.93 and later to $795.15.
On the contrary, if $699.03 gives way, the bears will attempt to pull the Binance Coin to the 50-day Simple Moving Average of $678.31 and subsequently to $633.72.
Solana Price Analysis
Renewed investor interest in Solana following improved odds of ETF approval has helped the token cross the 20-day Exponential Moving Average of $202, reaching $216 at press time. The bears have actively protected the 50-day Simple Moving Average of $219.83 in the past 24 hours. However, if they eventually let the bulls push SOL above that level, a rally to $236 is likely. On the other hand, a dip to $180.95 could become a reality if $202 crumbles.
Dogecoin Price Analysis
DOGE broke out of the $0.3021 – $0.3567 consolidation range on January 3rd, hitting $03847 at press time. If the bulls continue applying pressure, a surge to $0.4293 could happen. Conversely, a break below the $0.3491 support could make $0.3021 collapse, resulting in a drop to $0.2704.
