If BTC Maintains This Level, a Big Rise Could Begin Soon, What About ETH and DOT Targets?

BTC could close above $95,000 and focus on $98,000 and a new all-time high. DOT Coin targets $18 after the breakout. ETH could break past $3,640.

Bitcoin is struggling to reclaim the $97,000 level. With the recovery in the general market sentiment, altcoins are also seeing gains. As we head into the first weekend of the new year, let’s take a look at the current predictions for BTC, ETH, and DOT Coin. Bitcoin is expected to rise to $98,008.2.

Thanks to Bitcoin’s recent rise, altcoins have taken a breath of relief. The fact that the BTC price has remained stable around $97,000 is a positive development. At the time of writing, the US markets are just about to open, and with the opening of the stock markets, momentum may also increase on the Bitcoin side. Daan Crypto Trades announced key levels for the short-term outlook in its assessment today.

“BTC is trading close to the high volume trading zone. This indicates that the highest volume is occurring in this price range. Generally, the price could move faster when it breaks out of such a zone. On the 4-hour chart, the 200MA supports an upside breakout. Below, the 4H 200EMA provides support. A breakout above $98,000 could initiate a return to all-time highs. In the short term, the $95,000 level should be protected for the rally to accelerate.”

BTC price was trading at $97,050 at the time of writing.

DOT and ETH Chart Comments
Carl shared an exciting detail for Ethereum and altcoins. He drew attention to the bull flag at $3,576 on Ethereum (ETH), emphasizing that if the $3,640 level is broken, the momentum will increase and there may be a rise towards $4,100. This could start the expected rally in altcoins.

CryptoBullet, on the other hand, points to a significant breakout point for Polkadot (DOT) Coin. If this prediction comes true, the DOT Coin price could rise to $18 after the breakout. However, the status of the BTC and ETH charts is of great importance in this process. It is stated that after the breakout, the $6.9 level should be maintained in order to reach a larger peak.