A movement in the price of Bitcoin towards 100,000 dollars could open the doors to SHIB, FIL, MNT, and AAVE

The strength of Bitcoin has driven several altcoins upward, with SHIB, FIL, MNT, and AAVE showing good short-term potential.

Bitcoin is consolidating just below the 100,000 dollar level, suggesting that bulls are in no rush to exit as they anticipate the upward trend will continue. The founder and CEO of Global Macro Investor, Raoul Pal, posted a chart on X suggesting that Bitcoin could form a local peak above 110,000 dollars by January.

Several analysts remain bullish for the next year. The co-founder and head of research at Fundstrat Global Advisors, Tom Lee, said that Bitcoin could skyrocket to 250,000 dollars in 2025.

It's not just Bitcoin that's grabbing attention. Traders seem to be gradually shifting their focus to altcoins. Popular analyst Mikybull Crypto stated in a post on X that Bitcoin's dominance has broken its two-year support line, indicating that cryptocurrency markets are officially in altseason.

Could Bitcoin surpass 100,000 dollars, triggering a new rally in altcoins? Let's take a look at the top 5 cryptocurrencies with a strong chart structure.

Bitcoin Price Analysis

Bitcoin faces resistance near the psychologically crucial level of 100,000 dollars, but a positive sign is that the price remains above the rising trend line.