Price analysis 1/17: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, LINK, XLM
Bitcoin has risen above $104,500, indicating bullish sentiment supported by expectations that the US Treasury might buy one million Bitcoin over five years. Analysts remain optimistic about Bitcoin reaching up to $400,000, and possibly $1 million if it gains traction as a strategic reserve asset. Despite this long-term bullish outlook, some analysts see potential short-term resistance between $90,000 and $100,000. Other significant cryptocurrencies like Ether, XRP, and Solana are also experiencing price movements. Ether struggles with resistance around $3,745, while XRP is expected to oscillate around the $2.91 mark. BNB is trading near a key resistance level at $745, and Solana is showing signs of bullish momentum after closing above $209. Dogecoin's price could surge toward $0.48 if it manages to hold above $0.40, whereas Cardano is at a critical resistance line. Other coins like Avalanche and Chainlink show uncertain yet potentially bullish patterns, with Avalanche near $45 resistance and Chainlink recovering above $20. Overall, while bullish trends dominate, each coin has its critical resistance and support levels to monitor closely.
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