December 2024 marked a significant event for the crypto market: Bitcoin reached a six-figure mark, which became an important milestone for investors and analysts. The growth is attributed to the sustained interest in US Bitcoin ETFs.
Bitcoin: Price Analysis and Prospects
Bitcoin closed above the neckline, completing an inverted head and shoulders pattern. This movement may propel the price up to $165,000. However, if the value falls below support, bulls may face challenges.
Ether and Its Future Trends
Ether shows the formation of a large symmetrical triangle, indicating indecision between bulls and bears. It is expected to break out on the upside, potentially hitting a target of $7,814.
Solana and Other Promising Cryptos
Solana faces resistance at $260, showing caution from bears. The pair is likely to find support at current levels. If buyers hold their position, a move towards $500 could occur.
Most analysts remain bullish on Bitcoin and other altcoins' prospects for 2025. The potential for continued growth attracts institutional investors, which may increase interest in cryptocurrencies overall.
