The Bitcoin price has been consolidating just below the $100,000 level, indicating that the bulls anticipate an uptrend to continue. According to Raoul Pal, founder and CEO of Global Macro Investor, the Bitcoin price could form a local top above $110,000 by January.
Bullish Predictions for 2025
Several analysts have made bullish predictions for the next year. Tom Lee, co-founder and head of research at Fundstrat Global Advisors, stated that Bitcoin may skyrocket to $250,000 in 2025. The Crypto market data daily view from Coin360 shows a steady increase in the price of Bitcoin.
Altseason Ahead?
The attention is shifting towards altcoins as they gain traction in the market. The rise of altcoins could signal an "altseason" ahead, where alternative cryptocurrencies outperform Bitcoin and other major coins.
Mantle Protocol (MNT) Analysis
- Resistance at $0.94: The bulls are trying to push Mantle above the overhead resistance of $0.94.
- Rise to $1.10: If they succeed, the MNT/USDT pair could rise to $1.10.
- 20-day EMA ($0.81): A failure to maintain above $0.94 will signal that bears are active at higher levels.
Aave (AAVE) Analysis
- Break Above $200: AAVE broke and closed above the $200 resistance on Nov. 27, signaling the resumption of the uptrend.
- Resistance at $215: Buyers will have to maintain the price above $215 to clear the path for a rally to $260.
Investment Advice
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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