BTC should recover from the current shallow moves in the next 1-2 weeks.
RENDER price may approach bottom levels.
SOL Coin is getting ready to rise.
Bitcoin (BTC), the leader of the cryptocurrency market, started 2025 below $ 94,000 and continues to move at this level. While altcoin investors are still waiting for an increase in the market, there are only 20 days left until Trump takes office. So how do experts evaluate the current situation?
Bitcoin (BTC):
In the last 24 hours, BTC fell to $ 92,888 and reached its peak at $ 96,250. Altcoins continue to remain in the red and cannot recover their losses. There was no exciting development in cryptocurrencies at the beginning of the new year. The Tether FUD (Fear, Uncertainty, Doubt) agenda has unnecessarily occupied the market movements, and only a 2% decrease in market value shows that panic is unfounded.
Liquidity has swept both sides of the BTC Christmas Range. The mid-range resistance was the $95,800 level in the last test. It will be important to follow the breakout point of this range; a clearer idea of how this level will shape in the next 1-2 weeks will be obtained.
Solana ve Render Coin:
Altcoin Sherpa shared his evaluations of cryptocurrencies at the beginning of the new year. In an environment where BTC remains above $ 90,000, the weakness in altcoins is a disturbing situation. The analyst stated, "As BTC approaches $ 100,000, altcoins are looking pretty bad. In fact, you can give it a little more time to think about buying some shitcoins."
For Render Coin, the analyst points to new buying opportunities. If there is a return from the bottom, Render seems to be in a good area.
Solana (SOL):
Solana was trading at $190 at the time of writing, with attempts at the $200 area having failed. “I still like this, but I would like to see some buying now that the holidays are behind us. This is a ‘do or die’ situation for many coins on the low/mid timeframe. I believe most things will rally in Q1 on the high timeframe. However, depending on the reaction at these levels, we will see if the bottoms are tested first or if there is a rapid recovery in 2025,” Daan Crypto Trades wrote in his analysis for SOL.
In summary, Bitcoin's movements and the performance of altcoins appear to be critical factors that will determine the direction of the markets in the first quarter of 2025.