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