Price analysis 1/15: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, XLM, SUI

January 15, 2025 Coin Telegraph

Avalanche

Bitcoin’s recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.

Bitcoin (BTC) extended its recovery on Jan. 13, with the bulls challenging the crucial overhead resistance at $100,000. Risk assets received a boost following the latest Consumer Price Index report, which was lower than economists’ expectations.

ARK Invest said in “The Bitcoin Monthly” report that Bitcoin’s monthly volatility in December was relatively low compared to its yearly volatility, suggesting that Bitcoin has not reached the mania phase yet. That signals a further upside in 2025.

Another bullish projection was from CryptoQuant, which said in its latest weekly report that “favorable regulatory, monetary and cyclical conditions” could keep the capital flowing into Bitcoin, pushing its price to at least $145,000 in 2025.

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Price analysis 1/10: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, SUI, TON

January 10, 2025 Coin Telegraph

Avalanche

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

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Price analysis 1/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, SUI, LINK

January 8, 2025 Coin Telegraph

Avalanche

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

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

January 6, 2025 Coin Telegraph

Avalanche

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.

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Bitcoin price move above $100K could pull SOL, SUI, ICP and ENA higher

January 5, 2025 Coin Telegraph

Bitcoin

Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.

Bitcoin (BTC) rallied about 4% this week, indicating solid demand at lower levels. The United States spot Bitcoin exchange-traded funds (ETFs) witnessed outflows of $242.3 million on Jan. 2 but bounced back with a vengeance on Jan. 3 with inflows of $908.1 million, per Farside Investors data. This suggests that investors expect Bitcoin to resume its uptrend.

Another positive for Bitcoin is that the selling pressure could be reducing. According to CryptoQuant data, Bitcoin exchange inflow — the total amount of Bitcoin transferred to exchanges — dropped in December from the Nov. 25 peak of 98,748 Bitcoin. Similarly, miner outflows have also declined since the Nov. 11 peak, when miners sent 25,367 Bitcoin to exchanges.

Crypto market data daily view. Source: Coin360

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Price analysis 1/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, LINK, TON

January 3, 2025 Coin Telegraph

Avalanche

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

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Price analysis 12/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX

December 30, 2024 Coin Telegraph

Avalanche

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

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Price analysis 12/25: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, TON

December 25, 2024 Coin Telegraph

Avalanche

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

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SUI, BGB, ENA and VIRTUAL show strength as Bitcoin looks for direction

December 22, 2024 Coin Telegraph

Bitcoin

Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

Bitcoin (BTC) is down roughly 8% for the week, but a positive sign is that the bulls aggressively purchased the weekly lows. After the recovery, analysts remain divided on the next directional move. Some expect the correction to deepen, while others anticipate the uptrend to resume.

Bitcoin’s rebound on Dec. 20 failed to attract investors to the United States spot Bitcoin exchange-traded funds. Farside Investors data shows outflows of $617.9 million on Dec. 19 and $277 million on Dec. 20 from the ETFs, suggesting profit booking by traders.

Crypto market data daily view. Source: Coin360

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Price analysis 12/18: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB

December 18, 2024 Coin Telegraph

Avalanche

Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Bitcoin (BTC) has pulled back after making a new all-time high above $108,000 on Dec. 17, indicating that the bears have not given up and are selling on rallies. BitMEX co-founder Arthur Hayes wrote in his “Trump Truth” blog post that the crypto markets are likely to dump following United States President-elect Donald Trump’s inauguration in January 2025. Hayes said that selling will occur after market participants realize that any crypto policy changes will take about a year to enact.

In contrast, Bitfinex analysts expect the dips in Bitcoin’s uptrend to be short-lived in 2025 due to institutional demand. They estimate Bitcoin to reach $145,000 by mid-2025 and potentially stretch to “$200,000 under favorable conditions.”

Crypto market data daily view. Source: Coin360

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