Price analysis 1/06: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX

Bitcoin Price Surges Above $100,000

Bitcoin (BTC) has surpassed the $100,000 mark for the first time in 2025, driven by continued purchases from MicroStrategy, one of the largest corporate Bitcoin holders.

MicroStrategy announced on January 6th that it had acquired 1,070 Bitcoin between December 30th and 31st, 2024, for $101 million at an average price of $94,004. This purchase brings the company's total Bitcoin holdings to 447,470.

Simon Gerovich, CEO of Metalplanet, has also indicated that the firm plans to increase its Bitcoin holdings from 1,762 to 10,000 in 2025.

Investment products related to cryptocurrency have also witnessed significant inflows during the first three days of the year. CoinShares reported $585 million worth of inflows in 2025, extending the $44 billion inflows seen in 2024.

Technical Analysis

Bitcoin (BTC)

• BTC has broken above the crucial resistance level of $100,000, indicating a bullish sentiment.
• If the price holds above $100,000, the BTC/USDT pair could reach the all-time high of $108,353.
• If the price fails to sustain above $100,000, it may signal a potential decline towards $90,000.

Ether (ETH)

• ETH has broken and closed above $3,555, completing a bullish ascending triangle formation.
• The next target for the ETH/USDT pair is $3,894, but sellers may attempt to pull the price below $3,555.

XRP (XRP)

• XRP is facing resistance at the resistance line, but bulls have prevented the price from falling below the 20-day EMA ($2.29).
• A break above the resistance line could lead to a rally towards $1.73 and potentially $2.91.

BNB (BNB)

• BNB is currently consolidating between the 20-day EMA ($703) and the overhead resistance of $722.
• A break above $722 could trigger a rally towards $794, while a fall below the 20-day EMA may lead to a decline towards $635.

Solana (SOL)

• SOL has broken out of the 50-day SMA ($219), indicating bullish sentiment.
• If the price sustains above the 50-day SMA, the SOL/USDT pair could climb to $235 and $247.

Dogecoin (DOGE)

• DOGE has closed above the 50-day SMA ($0.38), suggesting reduced selling pressure.
• If buyers push the price above $0.40, the DOGE/USDT pair could rise to $0.43 and $0.48.

Cardano (ADA)

• ADA is facing resistance near $1.12, but bulls remain in control.
• A break above $1.12 could lead to a jump to $1.20 and $1.32, while a break below $1.05 may signal a decline towards the moving averages.

Avalanche (AVAX)

• AVAX has broken out of the 50-day SMA ($43.23), indicating a potential bullish trend.
• A breakout from the overhead resistance zone could lead to a rally towards $47.31, while a reversal could result in a decline towards $35.

Please note that this analysis is provided for informational purposes only and should not be construed as investment advice.