The cryptocurrency market had a calm start to 2025. Bitcoin (BTC) continues to trade below the $94,000 level in the first days of the year, while investors expect a significant price movement. Altcoins continue to lose value in parallel with Bitcoin's sideways trend. Analysts point out that current price levels will play a decisive role in the market.
Bitcoin has fallen to $92,888 in the last 24 hours, while resistance is observed around $96,250. Analyst Daan Crypto Trades stated that BTC is trying to break out of its current price range both up and down, and believes that this will become clearer in the coming weeks. This stagnation at the beginning of the year creates short-term uncertainty among investors.
BTC remaining above the $90,000 level is interpreted as a sign of weakness for altcoin markets. Altcoin Sherpa emphasized that altcoins are performing worse than BTC and this situation may create some new buying opportunities. Render Coin, in particular, is showing signs of recovery from the bottom levels.
Solana (SOL), on the other hand, failed to break above $200 despite efforts to support at $190. Daan Crypto Trades noted that Solana should show a strong recovery in lower time frames and said that there is potential for an increase in altcoins in the first quarter of 2025.
Despite the current uncertainty in the cryptocurrency market, experts continue to have positive expectations in the long term. The clarification of price movements is expected to determine the general direction of the market in the coming weeks. Investors are advised to carefully monitor Bitcoin and altcoin prices during this process.