This year's mainstream seems to have replicated the trends of 2023, launching in October, consolidating upwards in November and December, and then peaking in January when the ETF limit is reached. Coincidentally, this year also launched in October, and we are currently in a phase of upward consolidation. In January next year, when Trump takes office and Musk joins DOGE, it might perfectly replicate the trends of 2023.
Additionally, there is a positive piece of information regarding BTC: Microsoft will hold a meeting today to discuss whether to purchase BTC. If approved, BTC is likely to soar again, and altcoins will certainly benefit as well. From a broader perspective, in January next year, major cryptocurrencies including popular altcoins may reach their peaks. In the short term, we await the results of the Microsoft meeting. For those on the bus, hold on tight and don't ask where the altcoin bull market is; we may already be in a bull market.
Speaking of today's daily $BTC market analysis, at 5 AM the price dropped below 94,000. After searching around, no negative news was found; perhaps it was just a large holder dumping without thinking. Currently, the rebound is approaching the vicinity of 98,000, but altcoins are truly suffering, with many dropping by more than 10 to 20 points. In the past 24 hours, the total liquidation across the network reached 1.716 billion, with 1.547 billion in long positions liquidated. Looking at the K-line, the 1-hour level for BTC shows a rebound upward, the 4-hour level is a pinbar rebound, the 12-hour level is downward, and the daily level is downward. The intraday resistance level is 100,000, and the support level is 95,500 dollars.
After the pullback, these 4 cryptocurrencies are about to soar 100 times in the bull market!
XRP
Ripple is another cryptocurrency worth buying because its fundamentals and technicals are both strong. Fundamentally, the likelihood of the SEC concluding its lawsuit or even approving a spot XRP ETF is increasing. Additionally, Ripple is preparing to launch RLUSD, which could even be listed in 2025.
From a technical perspective, XRP's price has momentum, still significantly above all its moving averages. The Average Directional Index (ADX) has risen to 31, indicating strong momentum. This trend could potentially propel it to a historical high of 3.30 dollars, followed by further increases, as we mentioned earlier today.
BONK
Bonk is the founding meme coin of Solana and is another top cryptocurrency worth buying and holding in 2025. While many meme coins come and go, it has been in the industry for two years and has recently hit a historical high.
Bonk's price formed a golden cross in November, bringing it to a historical high of 0.000006 dollars. It has formed a cup and handle pattern and is currently in the handle part. Additionally, the trading volume for this token is steadily increasing, indicating strong investor demand.
Therefore, breaking through this year's high of 0.000060 dollars will bring more gains, potentially reaching 0.000079 dollars, which is a 90% increase from the current level.
SHIB
Shiba Inu's price has fallen from this month's peak of 0.000033 dollars to 0.000030 dollars. The positive side is that the burning rate of Shiba Inu is increasing, with millions of coins disappearing from circulation. Moreover, as the 200-day and 50-day moving averages intersect, this hard market has formed a golden cross pattern.
This token has also formed a cup and handle pattern, with its upper end at 0.00004552 dollars, which is the highest price so far this year. This pattern suggests that SHIB's price has greater upside potential in 2025, possibly reaching a historical high of 0.000088 dollars.
LINK
Chainlink is one of the most worthwhile cryptocurrencies to buy and hold in 2025. On the weekly chart, it has broken through the key resistance level of 22.85 dollars, which is the highest level since March 11. It has also re-tested the 50% Fibonacci retracement level and is supported by the 50-week moving average.
Therefore, the most likely scenario is that Chainlink's price increases by 115% and re-tests the historical high of 52.95 dollars. If the price rises above this level, it will confirm further increases.
Cryptocurrency analysts are also optimistic about this token. As we wrote last week, some analysts expect LINK's price to rise by 500% in the long term due to whale purchases.
