Bitcoin has surged above $100,000 again, with XRP surpassing $3. Dive into the latest crypto market trends, including in-depth analysis of top coins like BTC, ETH, and XRP. Stay ahead of the cryptocurrency market with expert insights.
Written by Ariela - Last updated on 01/16/2025 at 15:38 by Ariela
The year 2025 looks promising for cryptocurrency investors. Bitcoin (BTC) recently experienced an impressive rebound of over 10% following a drop below $89,000. It is currently challenging the $100,000 resistance after breaking it overnight, with BTC trading at $98,756.
Yesterday’s market surge was driven by favorable CPI announcements.
However, analysts anticipate difficulties in sustaining this upward momentum, with a potential near-term pullback on the horizon. Let’s delve into the developments of the leading cryptocurrencies.
While a new ATH seems within reach for BTC, the next few days remain volatile, especially with Donald Trump’s entry on Monday.
If the bulls maintain momentum, Bitcoin could surge to $102,724 today and up to $108,353 thereafter. Breaking above this level could pave the way for a rally to $126,706, as per analysts.
However, the bears might have a say. Bitcoin could pause between $102,000 and $108,000 to retrace once more and clear out long positions towards $90,000, with over $3 billion in long liquidations to be triggered, according to Coinglass.
Caution is necessary, especially with Trump’s entry potentially being exploited by smart money to induce panic before soaring to a new ATH.
Ether (ETH) responded well, showing encouraging signs with a 15% bounce from the $3,100 dump. This movement suggests a potential reversal of the bearish trend in the coming days.
If ETH holds above its Fibonacci Bollinger Band midline (pink line), its price could reach $3,700 by Monday.
Currently, the Chaikin Money Flow Index (which estimates capital inflows relative to volumes) indicates that investors are cautious regarding Bitcoin’s signals.
Conversely, XRP’s CMF demonstrates extreme bullish sentiment among bulls. With a score of 0.3250 on the daily, XRP is expected to continue its bullish momentum towards the $3.60 resistance. Only a substantial Bitcoin drop seems capable of halting XRP.
However, in the short term based on the 3H chart, XRP could retest the $3 support down to $2.72 in the coming days before resuming its upward trend.
To summarize, the market seems not to have fully emerged from the trauma of recent weeks’ trading range. Despite Bitcoin’s surge above $100,000, volatility poses concerns for investors. Consequently, our analysis shows that most cryptocurrencies rely on significant support levels moving forward.
However, periods of uncertainty and fear often present the best investment opportunities. Cryptos with strong support levels offer the best chances in the cryptocurrency market.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Ariela is one of the main editors of the news shared daily on InvestX. With 8 years of experience in writing, she writes articles on the topics that mark the crypto market each day.
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