Bitcoin failed to maintain its recovery momentum last week, signaling that bears are selling at higher price levels. Although the bulls have not pushed the price above the $100,000 threshold, they are also not ceding much ground to the bears. This suggests that the bulls are still holding their ground, anticipating another price rally.

In a recent market forecast report, cryptocurrency mining company Blockware Solutions stated that Bitcoin's base price target for 2025 is $225,000. Even the pessimistic scenario with a price of $150,000 is significantly higher than the current price. Meanwhile, the optimistic scenario sets a target as high as $400,000.

Along with Bitcoin, traders are also generally optimistic about Ether. Spot ETH ETFs in the U.S. market recorded inflows of over $2.5 billion in December, nearly double that of November. Asset management firm VanEck forecasts that the price of Ether will exceed $6,000 by 2025.

Technical analysis BTC

Bitcoin closed below the 50-day simple moving average (SMA) at $96,124 on December 27, indicating that the bulls are losing control.

Daily BTC/USDT chart | Source: TradingView

The bulls attempted to push the price above the 50-day SMA on December 28, but the bears held their ground. The 20-day exponential moving average ($97,257) has started to decline, and the relative strength index (RSI) is in the negative zone, signaling that the advantage leans towards the bears.

The BTC/USDT pair may drop to the support level of $90,000, where the bulls are expected to mount a strong defense. If the price bounces back from $90,000 and exceeds the moving averages, this will indicate strong demand at lower levels.

The bulls will need to push the price above $100,000 to take control. At that point, the pair could climb to $108,353.

4-hour BTC/USDT chart | Source: TradingView

On the 4-hour chart, a head and shoulders pattern is forming and will be completed when the price breaks and closes below the neckline. If the price remains below the neckline, the pair could plunge to $85,000 and then to the pattern target at $76,647.

This negative outlook could be invalidated in the short term if the bulls push the price above $100,000 and maintain above this level. At that point, the pair could retest the historical peak at $108,353. If this level is conquered, the pair could rise to $124,206.

Technical analysis BNB

BNB has fluctuated between $635 and $722 over the past few days, indicating a balance between supply and demand.

Daily BNB/USDT chart | Source: TradingView

The bears are defending the $722 level, but a positive signal is that the bulls have not allowed the price to drop below the 20-day EMA ($694). This indicates that the bulls are still maintaining pressure and are trying to break through the barrier at $722. If successful, the BNB/USDT pair could accelerate and rise to $760, then $794.

Conversely, if the price drops sharply and breaks below the moving averages, that would signal that the range-bound state may continue for a few more days. The bears will dominate if the price breaks below the uptrend line.

4-hour BNB/USDT chart | Source: TradingView

On the 4-hour chart, the bears are defending the $740 level. If the price bounces back from the 20-day EMA, the bulls will try to push the pair past the $740 mark once again. If successful, the pair could rise to $761 and then $794.

Conversely, if the price breaks and closes below the 20-day EMA, this indicates that the bulls have given up. The bears will dominate if the price breaks and closes below $680, potentially dragging the pair down to $635.

Technical analysis AAVE

Aave (AAVE) is currently facing a fierce battle between bulls and bears near the 20-day EMA at $329.

Daily AAVE/USDT chart | Source: TradingView

The 20-day EMA is sloping upwards, indicating that the bulls are in control. However, the RSI nearing the midpoint shows that momentum is slowing down. If the price drops below the 20-day EMA, the AAVE/USDT pair may fall to $261.

Conversely, if buyers want to maintain their advantage, they need to quickly push the price above $362. If successful, this pair could retest the $400 resistance level. The bears are predicted to put up strong defense at $400, but if the bulls win, this pair could enter a new bullish phase towards $450.

4-hour AAVE/USDT chart | Source: TradingView

On the 4-hour chart, the AAVE/USDT pair has formed a symmetrical triangle, often seen as a continuation pattern. The moving averages are flat and the RSI just below the midpoint does not provide a clear advantage for either side.

If the price breaks and maintains above the moving averages, the pair could rise to the resistance line. A breakout and close above the triangle pattern will increase the likelihood of a continuation of the bullish trend. Conversely, if the price remains below the moving averages, the pair could fall to the support line.

Technical analysis XMR

Monero (XMR) has attempted to initiate a recovery over the past few days but is facing strong resistance at $203.

Daily XMR/USDT chart | Source: TradingView

The 20-day EMA at $193 is flat, and the RSI is near the midpoint, indicating a balance between buyers and sellers. If the price maintains above the 20-day EMA, the likelihood of breaking above $203 will increase. At that point, the XMR/USDT pair could rise to $216 and then to $234.

If the price breaks and maintains below the 20-day EMA, this indicates that the pair may continue to range between $180 and $203. The bears will take control if the price drops below $180.

XMR/USDT 4-hour chart | Source: TradingView

On the 4-hour chart, this pair has formed a bullish triangle pattern, a pattern that will be completed when the price breaks and closes above $203. If this happens, the pair could rise to the pattern target at $228.

Conversely, if the price breaks below the support line, the bullish pattern will be invalidated. The failure of a bullish pattern is often a negative signal, leading to strong selling pressure, and the price may drop to $180.

Technical analysis VIRTUAL

Virtuals Protocol (VIRTUAL) continued its upward trend after breaking the strong resistance at $3.33 on December 27.

Daily VIRTUAL/USDT chart | Source: TradingView

The 20-day EMA is sloping upwards ($2.71), indicating that the bulls are in control. However, the negative divergence on the RSI warns that bullish momentum may be slowing down. The VIRTUAL/USDT pair has the potential to rise to $4 and then $4.79.

On the contrary, if the price breaks and closes below $3.33, this will be the first signal of weakness. The pair could drop to the 20-day EMA, an important support level to watch. If the price strongly rebounds from the 20-day EMA, the bulls will continue to try to resume the bullish trend. Conversely, if the price breaks and closes below the 20-day EMA, a deeper correction down to $2 may begin.

4-hour VIRTUAL/USDT chart | Source: TradingView

Both moving averages are sloping upwards, and the RSI is in the positive zone, indicating an advantage for the bulls. The 20-day EMA is an important support level on the downside. If this level is broken, the pair could drop to the 50-day SMA. The bulls are expected to strongly defend the 50-day SMA, as if this level fails to hold, the price could drop to $2.

Conversely, if the price maintains above the 20-day EMA, the likelihood of rising to $4 will increase. The bears are expected to present a strong challenge at the $4 level.



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