Key points:
Robust purchases in Bitcoin ETFs last week spurred the price to a new all-time high on Sunday, with buyers looking to extend the rally into Monday.
Several altcoins are demonstrating strength and are trying to overcome their overhead resistance.
Bitcoin (BTC) retraced after reaching a new all-time high of $125,708 on Sunday, but the bulls did not concede much ground to the bears, indicating their expectation for the rally to persist. The bulls have again driven the price up to a new all-time high on Monday.
This recent surge is supported by strong buying in spot BTC exchange-traded funds, which witnessed $3.24 billion in inflows last week, marking it as the second-best week for BTC ETF inflows, just behind the record $3.38 billion inflow week ending November 22, 2024, according to SoSoValue data.
Several major Wall Street banks anticipate that BTC will continue its upward trend by year-end, fueled by steady BTC ETF inflows and a correlation with gold. Citigroup forecasts a conservative year-end target of approximately $133,000, while Standard Chartered analysts predict BTC could soar to $200,000 by December.
Will BTC maintain its upward momentum, or will it see a short-term dip? How are the altcoins positioned? Let’s examine the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) continued its impressive rally last week, demonstrating that the bulls are firmly in control.
The first indication of weakness will be a break and close below the 20-day exponential moving average (6,637). If this occurs, the index could fall to the 50-day simple moving average (6,503). Buyers are expected to vigorously defend the 50-day SMA, as a break below it may trigger a deeper correction down to 6,147.
Conversely, if buyers maintain the price above the moving averages, it signals that positive sentiment remains intact. The index may then attempt a rally to the psychological level of 7,000.
US Dollar Index price prediction
The bulls successfully thwarted the bears’ attempts to push the US Dollar Index (DXY) below the moving averages, but they are struggling to breach the overhead resistance at 99.
If the price remains above the moving averages, buyers will again attempt to push the index above the overhead resistance. If successful, the index could surge to the 100.50 level. Sellers are expected to provide strong resistance at 100.50, but if the bulls overcome this hurdle, the next target is likely the 102 resistance level.
The zone between 97 and 96.21 is likely to serve as robust support during dips. Bears must drive the price below 96.21 to indicate a resumption of the downward trend.
Bitcoin price prediction
The bears sold off the rally to $125,708 on Sunday but failed to keep the price below the breakout level of $124,474 on Monday.
If the price sharply retraces from the current level, it indicates that the bears are active at the higher levels. Sellers will then try to pull the Bitcoin price down to the 20-day EMA ($117,291). If the price rebounds strongly from the 20-day EMA, the bulls will aim to drive the BTC/USDT pair toward $141,948.
On the other hand, if the price falls and breaks below the 20-day EMA, it suggests the pair may oscillate between $107,000 and $126,000 for several more days. A bearish double-top pattern will trigger if the pair drops below $107,000.
Ether price prediction
Ether (ETH) broke above the resistance line on Monday, signaling that buyers are trying to take control.
A close above this resistance indicates that the corrective phase may have ended. The Ether price could rise to $4,769 and subsequently to $4,957. However, sellers are expected to mount a vigorous defense at the $4,957 level; if buyers prevail, the Ether price could soar to $5,500.
Alternatively, if the price sharply declines and breaches the 20-day EMA ($4,375), it may trap aggressive bulls, potentially sending the ETH/USDT pair down to the $4,060 to $3,745 support zone.
XRP price prediction
XRP (XRP) is currently facing a fierce contest between buyers and sellers at the downtrend line.
The 20-day EMA ($2.94) has begun to rise gradually, and the RSI is just above the midpoint, indicating a slight advantage for the bulls. A close above the downtrend line will invalidate the descending triangle pattern. This could result in a short squeeze, pushing the XRP price to $3.40 and then to $3.66.
If the price suddenly turns down and breaks below the moving averages, it suggests that the XRP/USDT pair may linger inside the triangle for some time longer.
BNB price prediction
Sellers attempted to curb BNB’s (BNB) rally at $1,192, but the buyers had other ideas. The bulls bought the shallow dip and have driven the price to a new all-time high on Monday.
The BNB/USDT pair could surge to $1,252, where sellers are expected to offer strong resistance. If buyers break through the $1,252 barrier, the uptrend may extend to $1,394.
The bears face significant challenges ahead. Initial support on the downside is at $1,134, followed by the 20-day EMA ($1,052). Sellers will need to pull the BNB price below the 20-day EMA to signal a shift in momentum, potentially leading to a drop down to the 50-day SMA ($941).
Solana price prediction
Sellers attempted to drive Solana (SOL) below the 20-day EMA ($222) on Saturday, but the bulls prevailed.
The rising moving averages and the RSI in positive territory indicate a buyers’ advantage. This increases the likelihood of a breakout above the $237 resistance. If achieved, the SOL/USDT pair could ascend to the strong overhead resistance at $260.
This optimistic outlook will be invalidated if the price declines sharply and breaks below the 50-day SMA ($214), potentially leading to a drop to the $191 support level.
Related: Bitcoin is outperforming top memecoins in 2025: Can DOGE, TRUMP recover in Q4?
Dogecoin price prediction
Dogecoin (DOGE) has remained above the 20-day EMA ($0.25) in recent days, reflecting positive sentiment.
The 20-day EMA has started to trend upwards, and the RSI has moved into positive territory, suggesting a slight edge for the bulls. If the price breaches $0.27, the DOGE/USDT pair could rise to the $0.29 to $0.31 resistance zone. Sellers are anticipated to defend this resistance zone vehemently; a break above it could propel Dogecoin’s price to $0.39.
The uptrend line is the vital support to monitor in the near term, as a breach below it implies the bulls are losing their grip. The pair may then remain within the broad $0.14 to $0.29 range for an extended period.
Cardano price prediction
Cardano (ADA) closed above the 50-day SMA ($0.85) on Thursday, yet the bulls failed to surpass the resistance line.
A favorable sign for the bulls is their ability to prevent the price from closing below the 20-day EMA ($0.84), suggesting robust demand at lower levels. The bulls are again striving to push the price above the resistance line. If successful, the ADA/USDT pair could rally towards $1.02.
Conversely, if the price turns down and closes below the 20-day EMA, it indicates strong selling pressure near the resistance line. The Cardano price may then remain within the descending triangle pattern for an extended duration.
Hyperliquid price prediction
Hyperliquid’s (HYPE) relief rally is encountering resistance at the 61.8% Fibonacci retracement level of $51.87, indicating sellers are active during rallies.
The bears are working to pull and maintain the price below the moving averages. If successful, the HYPE/USDT pair could decline to $43. This support level is crucial to monitor, as a break below it may lead to a drop to $39.68.
On the contrary, if the price climbs and breaks above $51.87, it suggests the bulls are regaining control. The pair could then rally to $55.18 and subsequently to the all-time high of $59.41.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
