Bitcoin (BTC) reached the six-figure mark for the primary time on Dec. 5, signaling a big milestone for the cryptocurrency markets. One of many main causes for the positive factors was the sustained inflows into United States Bitcoin exchange-traded funds (ETFs).
Bloomberg ETF analyst Eric Balchunas stated in a Dec. 17 publish on X that spot Bitcoin ETFs’ assets under management stood at $120 billion, simply shy of gold’s $125 billion. He stated that Bitcoin funds competing with gold funds inside 11 months of launching was “unreal.”
Crypto market knowledge every day view. Supply: Coin360
A number of analysts stay bullish on Bitcoin’s efficiency in 2025, as they anticipate institutional adoption to proceed. Some consider Bitcoin could rally as high as $500,000 and past, however others have extra conservative targets.
A continued rally in Bitcoin would seemingly enhance sentiment throughout the crypto sector whereas attracting strong shopping for in a number of altcoins. Based mostly on the present chart patterns, some altcoins stand out and could also be value watching out for. Let’s research the charts of the highest 5 cryptocurrencies that look probably the most bullish for 2025.
Bitcoin price evaluation
Bitcoin (BTC) closed above the neckline of the inverted head-and-shoulders sample, finishing the bullish setup. Nevertheless, the breakout is often adopted by a retest of the neckline.
BTC/USDT weekly chart. Supply: Cointelegraph/TradingView
The relative power index (RSI) is forming a unfavourable divergence, indicating a slowdown in momentum. That implies the BTC/USDT pair could drop to the neckline.
If the price rebounds off the neckline with drive, it is going to sign that the bulls have flipped the extent into assist. That will increase the potential of the resumption of the uptrend towards the sample goal of $128,500. If this degree is crossed, the pair might rally towards $165,000.
The primary signal of weak spot might be a break and shut under the neckline. The pair might drop to the 50-week easy shifting common (SMA) ($66,077), which is an important degree for the bulls to defend. If this assist breaks down, the benefit will tilt in favor of the bears.
BTC/USDT every day chart. Supply: Cointelegraph/TradingView
The pair rebounded off the 50-day SMA ($92,907) on Dec. 20, indicating strong demand at decrease ranges. Patrons may have to push and preserve the price above the 20-day exponential shifting common (EMA) ($98,786) to counsel that the promoting strain is decreasing. The pair might then climb to the resistance line of the channel. A break and shut above the channel could propel the pair to $113,331.
A deeper correction could start if the bears pull the pair under the 50-day SMA and the $85,000 assist zone. That could consequence in a retest of the breakout degree of $73,777.
Ether price evaluation
Ether (ETH) has shaped a big symmetrical triangle sample, indicating indecision between the bulls and the bears.
ETH/USDT weekly chart. Supply: Cointelegraph/TradingView
Often, the symmetrical triangle acts as a continuation sample, and the price breaks out in the path of the prevailing pattern prior to the triangle formation. That implies the ETH/USDT pair is probably going to get away to the upside.
The bulls pushed the price above the triangle, however the bears have pulled the price again under the breakout degree. The shifting averages are the essential assist to be careful for. If the price turns up from the shifting averages with drive, the bulls will once more attempt to drive the pair above the triangle. The sample goal of the breakout from the triangle is $7,814.
This optimistic view might be invalidated if the price continues decrease and breaks under the triangle.
ETH/USDT every day chart. Supply: Cointelegraph/TradingView
The pair is witnessing a tricky battle close to the 50-day SMA ($3,296). Any restoration is predicted to face promoting on the 20-day EMA ($3,628). A break and shut above the 20-day EMA will counsel that the bears are shedding their grip. The pair might then once more try to rise above $4,094.
Quite the opposite, an in depth under the 50-day SMA will open the doorways for a fall to $3,000 and later to the strong assist of $2,850. Patrons are anticipated to fiercely defend the $2,850 assist.
Solana price evaluation
Solana (SOL) turned down from the overhead resistance of $260, indicating that the bears are aggressively defending the extent.
SOL/USDT weekly chart. Supply: Cointelegraph/TradingView
The SOL/USDT pair is probably going to discover assist on the shifting averages. If the price rebounds off the shifting averages with drive, the bulls will attempt to drive and preserve the pair above $260. In the event that they handle to try this, the pair will full a cup-and-handle sample. That could begin a new upward transfer to $400 and later to the sample goal of $500.
The zone between the 50-week SMA ($157) and $116 is probably going to entice sturdy shopping for by the bulls. Sellers may have to yank the price under $116 to seize management.
SOL/USDT every day chart. Supply: Cointelegraph/TradingView
The shifting averages have accomplished a bearish crossover, and the RSI is close to the oversold territory, indicating that the bears are in command. If the price stays under the channel, the pair could stoop to $155 and subsequently to $116. Patrons are anticipated to defend the assist at $116.
The bulls may have to push and preserve the price above the resistance line to sign that the correction could also be over. The pair might then climb to $260.
Associated: Here’s what happened in crypto today
SUI price evaluation
Though Sui (SUI) has a brief buying and selling historical past, it has repeatedly made new all-time highs and held on to a big a part of its positive factors.
SUI/USDT weekly chart. Supply: Cointelegraph/TradingView
The upsloping shifting averages and the RSI in the overbought territory point out a bonus to consumers. The up transfer is going through promoting close to $5, but when consumers overcome this resistance, the SUI/USDT pair could resume its uptrend towards $6.20 and later $7.60.
On the draw back, the 20-week EMA ($2.69) is predicted to act as a powerful assist. A break and shut under the 20-week EMA would be the first indication that the uptrend is shedding steam. The pair might then dip to $2.18.
SUI/USDT every day chart. Supply: Cointelegraph/TradingView
The bears pulled the price to the 50-day SMA ($3.61) on Dec. 20, however the bulls held their floor. This means demand at decrease ranges. Nevertheless, failing to clear the overhead hurdle might tempt short-term bulls to ebook earnings. Which will consequence in a retest of the 50-day SMA.
If the 50-day SMA provides method, the pair could collapse to $3. Contrarily, a bounce off the shifting averages could push the pair to $5. If bulls overcome this resistance, the pair might begin the following leg of the uptrend.
Aave price evaluation
Aave (AAVE) broke and closed above the $261 overhead resistance, finishing a rounding backside sample.
AAVE/USDT weekly chart. Supply: Cointelegraph/TradingView
The bears stalled the rally at $400 and have pulled the price again towards the breakout degree of $261. This is a crucial degree to be careful for as a result of a powerful bounce off it is going to sign that the bulls have flipped $261 into assist. That may enhance the prospects of a retest of $400. If bulls overcome this resistance, the AAVE/USDT pair might climb towards $650. There may be stiff resistance at $450, however it’s seemingly to be crossed.
This optimistic view might be invalidated in the close to time period if the price breaks and maintains under $261. The pair might then sink to the 20-week EMA ($191).
AAVE/USDT every day chart. Supply: Cointelegraph/TradingView
The 20-day EMA ($304) has flattened out, and the RSI is close to the midpoint, indicating a potential range-bound motion in the brief time period. The pair could swing between $261 and $400 for a while.
A break and shut under $261 would be the first signal of weak spot. The pair might slide to the 50-day SMA ($231), which is a vital degree for the bulls to defend. On the upside, a break and shut above $400 could resume the up transfer.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
