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Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Bitcoin (BTC) made a solid recovery on Jan. 10, and the bulls are trying to maintain the price above $94,000. This suggests that the bulls continue to view the dips near $90,000 as a buying opportunity. Blocktrends head of research Cauê Oliveira wrote in a Jan. 8 CryptoQuant post that large players were buying Bitcoin just below $95,000.
A Bitwise survey of 430 financial advisers conducted between Nov. 14 and Dec. 20 shows that 56% of the respondents are more likely to invest in cryptocurrencies in 2025 following Donald Trump’s United States presidential election victory. Additionally, among the advisers who are already investing, 99% plan to “either maintain or increase” their crypto exposure this year.
Crypto market data daily view. Source: Coin360
A closely followed crypto strategist says XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge. Analyst Ali Martinez tells his 110,100 followers on the social media platform X that XRP may be gearing up for a new leg up based on its SuperTrend indicator. The SuperTrend […]
The post XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez appeared first on The Daily Hodl.
Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
Bitcoin (BTC) has pulled back near $95,000, indicating that the bears are trying to strengthen their position. A minor advantage in favor of the bulls is that the US spot Bitcoin exchange-traded funds witnessed inflows of $52.4 million on Jan. 7, even when Bitcoin fell more than 5%, per Farside Investors data. This suggests that investors are not dumping their positions as they expect the bull run to resume.
BitMEX co-founder Arthur Hayes said in a blog post that the addition of up to $612 billion in new liquidity in the first quarter of 2025 could benefit Bitcoin. That could counterbalance any delays in implementing the “proposed pro-crypto and pro-business legislation” by President-elect Donald Trump’s team.
Crypto market data daily view. Source: Coin360
Sustained buying by institutional investors pushed Bitcoin above $100,000, opening the doors for a retest of the all-time high.
Bitcoin (BTC) has risen above $100,000 for the first time in 2025. Continued buying by the biggest corporate Bitcoin holder may have boosted sentiment. MicroStrategy revealed on Jan. 6 that it bought 1,070 Bitcoin on Dec. 30–31, 2024, for $101 million at an average price of $94,004. The latest purchase increased the firm’s holding to 447,470 Bitcoin.
Metalplanet CEO Simon Gerovich said in a post on X that the firm plans to increase its Bitcoin holdings from 1,762 to 10,000 in 2025.
Buying was also seen in cryptocurrency investment products in the first three days of the year. CoinShares report shows $585 million in inflows in 2025, extending the massive $44 billion inflows in 2024.
A closely followed crypto analyst says that smart contract platform Cardano (ADA) could see massive gains in the coming weeks. In a new strategy session, crypto trader Ali Martinez tells his 107,500 followers on the social media platform X that if the Ethereum (ETH) rival continues following the same pattern it did last cycle, it […]
The post ‘A Big Move Is Near’: Crypto Trader Says Ethereum Competitor Could Skyrocket by 266% Within a Few Weeks appeared first on The Daily Hodl.
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
Bitcoin (BTC) bulls are maintaining the pressure and are likely to test the stiff overhead resistance at $100,000 soon. Although the recovery has been strong, the relief rally on Jan. 2 was greeted by profit booking by the United States spot Bitcoin exchange-traded fund investors. The ETFs witnessed $242.3 million in outflows, per Farside Investors data.
Bitcoin’s hesitation to cross above $100,000 has not altered its long-term view. Steno Research said in a research note that 2025 is likely to be the best year for cryptocurrency markets ever. They expect Bitcoin to hit more than $150,000 and Ether (ETH) to cross $8,000.
Crypto market data daily view. Source: Coin360
Widely followed analyst Michaël van de Poppe believes it’s only a matter of time before Bitcoin (BTC) and altcoins regain their bullish momentum. The trader tells his 759,000 followers on the social media platform X that he thinks Bitcoin and altcoins are close to carving a local bottom. According to Van de Poppe, crypto will […]
The post Analyst Says ‘Up Only’ Price Action on the Horizon for Bitcoin and Altcoins, Predicts New Leg Up for Cardano appeared first on The Daily Hodl.
Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
Bitcoin (BTC) has started the last week of the year on a soft note, indicating that the bulls are not hurrying to buy the dip. Analysts are divided about Bitcoin’s short-term price action. Some expect a strong rally leading into United States President-elect Donald Trump’s inauguration in January, while others anticipate the volatility to increase. BitMEX co-founder Arthur Hayes voiced a contrarian view in his blog post on Dec. 17, where he said the markets are likely to witness a “harrowing dump” around Trump’s inauguration day.
While short-term traders may be waiting for the uncertainty to clear before buying, MicroStrategy has continued its Bitcoin buying spree for the eighth successive week. The business intelligence firm announced the purchase of 2,138 Bitcoin between Dec. 23 and Dec. 29 at an average price of roughly $97,837.
Daily cryptocurrency market performance. Source: Coin360
Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
Bitcoin (BTC) bulls are trying to start a Santa Claus rally by pushing the price back above the psychological level of $100,000, but higher levels may attract sellers. Bitcoin has gained nearly 2% in December, but it will have to do more work to catch up with the previous year’s 12.18% rise in December, per CoinGlass data.
CryptoQuant contributor Joo Hyun Ryu said in a Quicktake blog post that Bitcoin demand has increased from speculative short-term holders (STH) and Korean investors. The share of STH increased by 3% within a week, and the “Kimchi Premium,” the aggregate difference in price between South Korean exchanges and others, reached a local high of 5.12.
Crypto market data daily view. Source: Coin360