Key points:
Strong demand for Bitcoin ETFs last week contributed to a new all-time high price on Sunday, with buyers looking to sustain the momentum on Monday.
Multiple altcoins are showing resilience and are working to break through their resistance levels.
Bitcoin (BTC) experienced a pullback after reaching a new all-time high of $125,708 on Sunday, but the bulls held their ground. This indicates that they are not exiting the market hastily as they expect the upward trend to persist. The bulls successfully pushed the price up again on Monday.
The recent surge has been supported by significant purchases in spot BTC exchange-traded funds, which saw $3.24 billion in inflows last week. This marked the second-highest week of inflows for BTC ETFs, coming in just behind the record $3.38 billion during the week ending November 22, 2024, as reported by SoSoValue.
Several major Wall Street banks predict BTC’s rally will continue into the year-end, bolstered by ongoing ETF inflows and its correlation to gold. Citigroup forecasts a modest year-end target of around $133,000, while analysts at Standard Chartered anticipate BTC could reach $200,000 by December.
Will BTC maintain its upward trajectory, or face a brief setback? What’s the status of the altcoins? Let’s delve into the charts of the top 10 cryptocurrencies to uncover more details.
S&P 500 Index price prediction
The S&P 500 Index (SPX) maintained its impressive performance last week, suggesting that the bulls are in control.
The first indication of weakness would be a break and close below the 20-day exponential moving average (EMA) (6,637). If that occurs, the index could drop to the 50-day simple moving average (SMA) (6,503). Buyers are likely to defend the 50-day SMA vehemently because a break below this level could initiate a deeper correction to 6,147.
Conversely, if buyers maintain the price above the moving averages, it indicates that positive sentiment remains robust. The index may then look to rally toward the psychological level of 7,000.
US Dollar Index price prediction
The bulls successfully defended the US Dollar Index (DXY) against the bears’ attempts to push it below the moving averages, though they are struggling to breach the overhead resistance at 99.
If the price remains above the moving averages, buyers will likely attempt to push the index above the resistance level. If successful, the index could rise to 100.50. Sellers are expected to mount a strong challenge at this level, but if the bulls can overcome it, the next target may be the 102 resistance level.
The area between 97 and 96.21 is expected to serve as strong support during any dips. Bears will need to push the price below the 96.21 support to signal a reversal of the downward trend.
Bitcoin price prediction
The bears tried to sell the rally to $125,708 on Sunday but were unable to keep the price below the breakout level of $124,474 on Monday.
If the price experiences a sharp decline from the current level, it suggests that bears are active at higher levels. Sellers will then aim to pull the Bitcoin price down to the 20-day EMA ($117,291). If the price bounces off the 20-day EMA with strength, bulls will push the BTC/USDT pair toward $141,948.
Alternatively, if the price falls and breaks below the 20-day EMA, it may indicate that the pair could oscillate between $107,000 and $126,000 for some time. A bearish double-top pattern will form if the pair drops below $107,000.
Ether price prediction
Ether (ETH) broke above the resistance line on Monday, signaling that buyers are attempting to take control.
A close above the resistance line indicates that the corrective phase might be over. The Ether price could potentially rally to $4,769 and then to $4,957. Sellers are likely to defend the $4,957 level vigorously, but if buyers succeed, the Ether price may soar to $5,500.
If the price sharply declines and falls below the 20-day EMA ($4,375), it may trap aggressive bulls, potentially sinking the ETH/USDT pair to the support zone between $4,060 and $3,745.
XRP price prediction
XRP (XRP) is experiencing a challenging clash between buyers and sellers at the downtrend line.
The 20-day EMA ($2.94) has begun to rise, and the RSI is slightly above the midpoint, suggesting a minimal advantage for the bulls. A closing above the downtrend line will invalidate the descending triangle pattern, which may lead to a short squeeze, driving the XRP price to $3.40 and potentially $3.66.
If the price sharply declines and breaks below the moving averages, it indicates the XRP/USDT pair may remain within the triangle for a while longer.
BNB price prediction
Sellers attempted to hinder BNB’s (BNB) rally at $1,192, but buyers were determined. The bulls bought the shallow dip, pushing the price to a new all-time high on Monday.
The BNB/USDT pair could rally to $1,252, where bears may challenge strongly. However, if buyers break through the $1,252 resistance, the uptrend may extend to $1,394.
Bears face a tough task ahead. Initial support on the downside lies at $1,134, followed by the 20-day EMA ($1,052). Sellers will need to push the BNB price below the 20-day EMA to signal a reversal. The pair could then potentially decline to the 50-day SMA ($941).
Solana price prediction
Sellers attempted to drag Solana (SOL) below the 20-day EMA ($222) on Saturday, but the bulls remained steadfast.
With moving averages trending upward and the RSI in positive territory, the buyers have an edge. This raises the likelihood of breaking above the $237 resistance. Should this occur, the SOL/USDT pair could climb to the formidable overhead resistance at $260.
This optimistic perspective will be negated if the price sharply declines and falls below the 50-day SMA ($214). The Solana price may subsequently drop to the $191 support level.
Related: Bitcoin is outperforming leading memecoins in 2025: Can DOGE, TRUMP recover in Q4?
Dogecoin price prediction
Dogecoin (DOGE) has been sustaining above the 20-day EMA ($0.25) over the last few days, reflecting a positive market sentiment.
The 20-day EMA is trending upwards, and the RSI has moved into positive territory, showing a slight advantage for buyers. If the price surpasses $0.27, the DOGE/USDT pair could rise to the resistance zone between $0.29 and $0.31. Sellers are expected to defend this zone vigorously, as a break above it could boost Dogecoin’s price to $0.39.
The uptrend line is a crucial support level to monitor, as a break below could indicate waning bullish momentum. The pair might then remain within the broader range of $0.14 to $0.29 for some time.
Cardano price prediction
Cardano (ADA) managed to close above the 50-day SMA ($0.85) on Thursday, but the bulls struggled to clear the resistance line.
A favorable sign for the bulls is that they have kept the price from falling below the 20-day EMA ($0.84), indicating strong buying interest at lower prices. The bulls are once again trying to push the price above the resistance line. A successful attempt could see the ADA/USDT pair rally toward $1.02.
Conversely, if the price turns down and closes below the 20-day EMA, it suggests strong selling pressure near the resistance line. In that case, Cardano’s price may continue to fluctuate within the descending triangle pattern for a bit longer.
Hyperliquid price prediction
Hyperliquid’s (HYPE) relief rally is encountering resistance at the 61.8% Fibonacci retracement level of $51.87, indicating selling pressure on rallies.
The bears are attempting to pull the price below the moving averages and sustain it. If they succeed, the HYPE/USDT pair could drop to $43. This is a pivotal support level to monitor, as a breach below it may drive Hyperliquid’s price down to $39.68.
On the flip side, if the price rises and breaks above $51.87, it indicates that bulls may be regaining control. The pair could then rally to $55.18 and eventually reach the all-time high of $59.41.
This article does not provide investment advice or recommendations. All investment and trading activities carry risk, and readers should conduct their research before making a decision.
