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Cryptocurrency News Articles

Bitcoin (BTC) Path to $112K Hinges on Key Resistance, SOL, $TRUMP, and XRP See Varied Price Action

Jan 29, 2025 at 04:34 pm

Bitcoin (BTC) is holding steady above $100,583, maintaining its bullish trend despite market volatility. Traders are watching its key resistance at $108,364

Bitcoin (BTC) Path to $112K Hinges on Key Resistance, SOL, $TRUMP, and XRP See Varied Price Action

Bitcoin (BTC) price pulled back sharply on Monday, invalidating a recent breakout attempt. BTC price is now back below a crucial resistance zone, putting the brakes on its recent rally. However, altcoins like Solana (SOL), $TRUMP, and XRP are still showing potential for further gains.

Bitcoin’s Path to $112K Hinges on Key Resistance

Bitcoin price bounced off an immediate support at $100,583 after a pullback from $108,364 on Monday. A move above this level could push BTC to $112,000 and higher.

On the downside, if bears take control, a dip below $96,474 could bring BTC down to $89,471, a price level that has acted as strong support in the past.

Solana Faces Resistance at $244—Breakout or Reversal?

Solana (SOL) price is trading at $235.90, consolidating after its recent rally.

The $244 resistance remains a hurdle, and a breakout above this level could send SOL toward $264 and $295. On the downside, if $220 support fails, SOL may decline to $205 or even $175.

Technical indicators show mixed signals:

Long-term forecasts remain bullish, with analysts eyeing $450 by 2025 and $650 by 2026 if Solana adoption continues to expand.

$TRUMP Stalls Below $30.47—Will Bulls Regain Control?

The $TRUMP token is currently trading at $29.32, cooling off after its recent rally. Resistance at $30.47 remains a key barrier, with potential upside toward $35.50 and $40 if it breaks through.

However, if support at $24.58 fails, $TRUMP could drop as low as $20.

Related: TRUMP Coin on the Decline. Over Already? Also, PEPETO Presale Takes Off

Technical indicators show:

Price projections for 2025 place $TRUMP’s range between $20 and $75, reflecting market sentiment and potential catalysts ahead.

XRP Eyes Bullish Breakout Above $3.40

XRP price continues to show strength after bouncing off $2.75–$2.80 support. It is now testing resistance at $3.37–$3.40, a critical level that could confirm a breakout.

Related: The Real Reason XRP, Solana, and Dogecoin Tanked 11% Today

If $3.15 holds as support, XRP could push toward $3.50 and even $3.75 in the near term. Further gains will depend on broader market conditions and investor sentiment.

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Other articles published on Jan 30, 2025