The market is now gathering strength. Consolidation may not be a bad thing. It is the calm before the storm. Bitcoin has been hovering between 96,000 and 100,000 in the past two days. It has not moved much. The fluctuation of about 5% in the currency circle is very normal. Now the bulls and bears are competing with each other, and no one wants to give in easily. There is a lot of good news, and market confidence is also stable. It is likely that it is laying the bottom for the price after the last big rise.
It is estimated that Bitcoin will continue to fluctuate in this price range in the short term. But we should also be careful. Before the Trump administration takes office, the market may suddenly brake and wash out the last wave of uncertainty.
$BNB is estimated to fluctuate between $680 and $740, also waiting for Bitcoin to give direction. Next, the bears are expected to be less anxious, so let's be patient; the best is yet to come.
$ETH is currently gaining momentum, moving steadily within the range of $3500 to $3800. It is currently showing strong movement, and if Bitcoin consolidates, Ethereum may still lead to its own wave of market activity.
Back to today's daily $BTC technical analysis, from the candlestick chart, the 1-hour level is bullish, the 4-hour level is bullish, the 12-hour level is bullish, and the daily level is bullish, with an intraday resistance level of $101,200 and a support level of $96,100.
Seize the opportunity with 4 altcoins poised for a 100x surge!
APT
Aptos, up 1.24%, is another token worth watching this week due to its monthly token unlock.
The native token of the Aptos blockchain will issue 11.31 million tokens, allocated to the community, core contributors, investors, and the foundation. Aptos will continue to unlock tokens monthly until September 2032.
The Aptos network is performing well. Its locked value has risen to over $1.07 billion, and its stablecoin valuation has risen to $646 million. Some top participants in the ecosystem include Aries Markets, Echo Protocol, Thala, and Echelon Market.
The daily chart shows that the APT token has rebounded in the past few days after forming a descending wedge pattern. It has retested the key support level of $10 and is above the upward trend line connecting the lowest fluctuations since August 5.
Therefore, if the token is above the upward trend line, it will maintain an upward trend.
FLARE
The popular Ethereum virtual machine of Flare will be another cryptocurrency to watch, as it will unlock tokens valued at $47.6 million. These tokens will be noticeable as they will account for about 3.2% of the circulating supply.
The daily chart shows that the Flare token has formed a combination of a descending wedge pattern and a bullish flag. The wedge consists of two descending and converging trend lines that are approaching the convergence level.
Flare is also supported by the 50-day moving average. Therefore, it is likely to rebound and may retest the significant resistance level of $0.0325, which is the peak from June 5.
XLM
In 2025, Stellar is expected to surpass various altcoins such as Cardano. In December 2024, Stellar established significant partnerships with OwTing and MoneyGram. Through this collaboration, 0wIPay Wallet Pro users can process global USDC transactions at MoneyGram locations.
This partnership strengthens the Stellar network, making it a more reliable blockchain for financial transactions. With increased credibility and visibility, Stellar is paving the way for broader adoption of XLM.
Despite XLM's price dropping from $0.60 to $0.44, experts remain optimistic. With new partnerships and use cases driving it, price predictions indicate it will rise to $0.80 by Q1 2025.
SUI
After key developments, SU is expected to surpass altcoins like Cardano in 2025. December 2024 was a turbulent month for SU1, with its price dropping from $4.90 to $3.52. However, it quickly rebounded to $5.24, generating optimism among investors.
SU1 recently launched a top farming game, SEED, which has the potential to enhance SU1's position in the DeFi space. These updates, along with $SEED and an innovative NFT series, have sparked speculation about SUI's price potential.
Analysts now predict that by Q2 2025, SU1 may soar to $6. With such exciting developments, SU is expected to become a leading altcoin in 2025.
