Bitcoin's chart pattern points to a drop below USD 80,000, while BNB, AAVE, XMR, and VIRTUAL still look strong
A bearish chart pattern could drive the price of Bitcoin to USD 76,000. What will happen in the meantime with BNB, AAVE, XMR, and VIRTUAL?
Bitcoin's chart pattern points to a drop below USD 80,000, while BNB, AAVE, XMR, and VIRTUAL still look strong
PRICE ANALYSIS
Bitcoin
tickers down
89,814 €
could not maintain recovery attempts during the week, indicating selling by bears at higher levels. Although buyers failed to push the price above 100,000 dollars, they have not ceded much ground to sellers. This suggests that bulls are holding onto their positions, as they anticipate another upward leg.
The cryptocurrency mining company Blockware Solutions stated in a market forecast report seen by Cointelegraph that Bitcoin's base case target for 2025 is 225,000 dollars. Even the bearish target of 150,000 dollars is well above the current price. The bullish target is 400,000.
Alongside Bitcoin, traders also seem to be bullish on Ether
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3,272.77 €
. US spot Ether exchange-traded funds (ETFs) saw massive inflows of over 2.5 billion dollars in December, nearly double that of November. Asset management company VanEck has a target of over 6,000 dollars for Ether in 2025.
