Price analysis for Bitcoin, Ethereum, and other cryptocurrencies on January 1, 2025
As 2025 begins, Bitcoin shows mild bullish signs while market participants await increased volatility post-holidays. Analysts suggest that while Bitcoin may see upward momentum, Ether faces challenges in maintaining rallies. Technical analysis reveals important support and resistance levels for leading cryptocurrencies. Bitcoin fluctuates between $90,000 and $100,000, while Ether may drop to $3,000 if it fails to hold above the uptrend line. XRP shows support at $2.18, with potential decline to $1.62 if bears prevail. BNB is caught between $696 and $722, indicating indecision. Solana attempts to surpass $198, while Dogecoin trades between $0.34 and $0.30. Cardano risks falling to $0.76 if bearish momentum grows. Avalanche approaches $33.60 for potential buying support. Chainlink tests significant bearish patterns below $20. Toncoin remains within a wide range, indicating market indecision. Overall, the upcoming days are critical for bullish or bearish trends across these assets.
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