Bitcoin’s price remains above $100,000, signaling bulls’ control of the market. Analysts expect a further rally in altcoins as traders shift focus to alternative cryptocurrencies.
Several top analysts are bullish on the outlook for 2025, with Tom Lee predicting Bitcoin may reach $250,000 by next year. Raoul Pal suggests that Bitcoin could form a local top above $110,000 by January, while Mikybull Crypto believes that Bitcoin’s dominance has broken below its two-year support line, indicating “altseason” has begun.
Bitcoin price analysis indicates the potential for an upside breakout above $100,000, with buyers likely to attract at $113,331 and potentially $125,000. However, sellers may attempt to pull the price back down to $85,000 if they can break below the 20-day exponential moving average (EMA).
In contrast, Shiba Inu’s price analysis shows a bullish inverse head-and-shoulders pattern, with buyers aiming for $0.000039 and potentially $0.000047. Filecoin’s price analysis reveals a bullish rounding bottom pattern, with buyers defending the 20-day EMA at $5.33.
Mantle Protocol’s bulls are trying to push the price above $0.94, with potential resistance at $1.10. Aave’s price analysis indicates a resumption of the uptrend after breaking above $200 on November 27.
The shift in market focus towards altcoins has raised expectations for further rallies in these alternative cryptocurrencies. However, investors should conduct their own research and consider risk before making any decisions.
Source: https://cointelegraph.com/news/bitcoin-price-move-toward-100-k0-opens-doors-for-shib-fil-mnt-aave