Bitcoin (BTC) Price Analysis
Bitcoin (BTC) continued its recovery on January 13th, with bulls challenging the crucial resistance at $100,000. Lower-than-expected Consumer Price Index report boosted risk assets.
ARK Invest's "Bitcoin Monthly" report indicates that Bitcoin's monthly volatility in December remained low compared to its yearly volatility, suggesting that it hasn't reached the mania phase yet, signaling potential upside in 2025.
CryptoQuant's weekly report projects that "favorable regulatory, monetary, and cyclical conditions" may continue to drive capital into Bitcoin, pushing its price to $145,000 or higher by 2025.
Fundstrat Capital chief investment officer Tom Lee believes that investors are unlikely to lose money buying BTC near $90,000, predicting it to be one of the top-performing assets of the year. However, he also indicates that it may drop to $70,000 or even $50,000.
Top 10 Cryptocurrency Analysis
Bitcoin (BTC)
- Bounced sharply off $90,000 support, indicating bullish sentiment.
- Faces resistance at the downtrend line, with a breakout potentially leading to $102,724.
- Short-term correction to $90,000 possible if it fails to break the downtrend line.
Ether (ETH)
- Bear trap breakdown on January 13th, indicating bullish momentum.
- Relief rally reaching the 20-day EMA ($3,374), with potential for a breakout.
- Bears may attempt to pull the price below the neckline, targeting $2,850.
XRP (XRP)
- Held retest of breakout level, indicating sustained bullish control.
- Moving towards a target objective of $4.84 if it remains above $2.91.
- Failure to hold above $2.91 may lead to a pullback to the 20-day EMA ($2.44).
BNB (BNB)
- Rebounded off uptrend line, showing bullish defense.
- Flattening 20-day EMA and balanced RSI indicate a balance between supply and demand.
- Potential for a rally to $745 if it sustains above moving averages.
Solana (SOL)
- Fell below uptrend line but found support at lower levels.
- Moving towards the 20-day EMA ($196), which could determine the next trend.
- Breakout above the EMA would indicate bullish momentum, targeting $223.
Dogecoin (DOGE)
- Held $0.30 support, indicating demand at lower levels.
- Pushed above 20-day EMA, signaling potential range-bound movement.
- Possible surge towards $0.48 if it breaks above $0.40.
Cardano (ADA)
- Dipped below uptrend line but regained momentum.
- Recovered above the 50-day SMA ($1.01), facing resistance at the triangle line.
- Breakout above the triangle indicates potential rally to $1.33.
Avalanche (AVAX)
- Plunged below $35 but found support at $32.31.
- Recovered above the 20-day EMA, indicating bullish strength.
- Targeting $45 resistance level, with a potential for deeper correction if it fails.
Stellar (XLM)
- Formed an inverted head-and-shoulders (H&S) pattern.
- Breakout above the neckline would confirm the H&S, targeting $0.64.
- Bears may defend the level, leading to a consolidation around $0.37.
Sui (SUI)
- Bounced off the 50-day SMA and trying to hold above the 20-day EMA.
- Success would indicate positive sentiment and potential for a rally to $5.37.
- A downturn below the 50-day SMA would signal a deeper correction.