Price analysis 12/13: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB

Bitcoin Struggles Near $100,000 as Bulls and Bears Battle

Bitcoin's (BTC) battle at the $100,000 level continues, with both bulls and bears holding their ground. Analysts remain optimistic, as the bulls have maintained a strong position and an upside breakout remains possible.

Jag Kooner, head of derivatives at Bitfinex, believes interest rate cuts by the People's Bank of China and the European Central Bank could boost risk-on markets, including crypto. If the US Federal Reserve cuts rates in its December 18 meeting, Bitcoin could surge to "record-breaking levels" by year-end.

Analyst: Bitcoin Rally Could Extend in 2025

A report by Sygnum Bank anticipates a Bitcoin rally in 2025, driven by increased institutional involvement. Altcoins could also benefit if the US passes laws supporting crypto adoption.

Crypto Market Analysis

Bitcoin (BTC):

• BTC/USDT faces resistance at $104,088.
• A breakout above this level could lead to gains of $113,331 and $125,000.
• A drop below the 20-day EMA ($96,916) could result in a decline to $90,000 or $87,267.

Ether (ETH):

• ETH/USDT struggles to break above $4,000 resistance.
• A rebound from the 20-day EMA ($3,686) indicates a positive sentiment.
• A breakout above $4,094 could pave the way to $4,500.

XRP (XRP):

• XRP/USDT attempts to break above the downtrend line.
• Resistance at $2.65 could impede further gains.
• A break above $2.91 would open the door to a rally towards $3.50.

Solana (SOL):

• SOL/USDT faces resistance at the descending channel pattern.
• A break above the resistance line could lead to gains of $248 and $264.
• A drop below the support line suggests a potential short-term peak.

BNB (BNB):

• BNB/USDT faces selling pressure at $722.
• A breakout above this level could trigger a rise to $761 and $861.
• A breakdown below the 20-day EMA ($689) could lead to a drop towards $637 or $520.

Dogecoin (DOGE):

• DOGE/USDT struggles to sustain above the 20-day EMA ($0.40).
• A breakdown below this level could result in a decline to $0.36 or $0.32.
• A breakout above $0.43 would indicate a potential bear trap and open the way for a rally to $0.48.

Cardano (ADA):

• ADA/USDT faces resistance at the 61.8% Fibonacci retracement level ($1.16).
• A rebound from the 20-day EMA ($1.05) could lead to a challenge of $1.16 and $1.33.
• A breakdown below the 20-day EMA could indicate range formation.

Avalanche (AVAX):

• AVAX/USDT faces selling pressure at $56.
• A breakout above this level could lead to gains of $60 and $65.
• A dip below $51 would signal weakening demand and could result in a drop to $47.07 or $37.22.

Chainlink (LINK):

• LINK/USDT faces resistance at $30.94.
• A breakout above this level could trigger a surge to $34.50 and $38.30.
• A drop below $27.41 would suggest a potential decline towards the 20-day EMA.

Shiba Inu (SHIB):

• SHIB/USDT faces resistance at $0.000030.
• A breakout above this level could lead to gains of $0.000039 and $0.000046.
• A breakdown below the 50-day SMA ($0.000024) would indicate a shift in favor of the bears.