Core Highlights 🔥🔥🔥 BTC, ETH Price Analysis

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Bitcoin Market Dynamics

Bitcoin price attempted to rebound on December 27 but faced strong selling pressure. The positive news is that investors in U.S. Bitcoin exchange-traded funds (ETFs) have resumed buying, recording a net inflow of $475.2 million on December 26. However, technical expert Aksel Kibar believes that Bitcoin is forming a bearish head and shoulders pattern, which, if completed, could drop to $80,000.

With Bitcoin stagnating, some analysts are turning to altcoins, believing they offer better risk-reward opportunities, and expect strong performance in 2025.

Bitcoin price analysis shows that it has fallen below the 50-day simple moving average ($95,406). If it closes below this average, it may drop to the $90,000 support level; if that level fails, it could further decline to $85,000, and even $73,777. Bulls need to push the price above $100,000 to gain control and may rebound to the historical high of $108,353.

Ether Price Analysis

The Ethereum currency pair fell from the 20-day moving average ($3,540) on December 25, with bears thwarting the recovery attempt on December 27. It may drop to the $3,200 support level; if that breaks, it could further decline to $3,000, and even $2,850.

Buyers are expected to firmly defend the $3,000 to $2,850 range. Bulls need to push the price above the 20-day moving average to indicate a weakening of selling pressure and may gain momentum above $3,555, rebounding to the resistance level of $4,094.

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