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Cryptocurrency News Articles

The world is filled with excitement over the new year and crypto investors have more than one reason to be thrilled.

Jan 01, 2025 at 05:40 am

In addition to the highly anticipated Bitcoin-led bull run, meme coin enthusiasts are keen on iDEGEN's listing slated for 1st January 2025.

The world is filled with excitement over the new year and crypto investors have more than one reason to be thrilled.

Bitcoin Price Analysis: BTC/USD Price Action Suggests Further Bullish Momentum After 2025 Bull Run

Bitcoin price is still trading above the crucial support zone of $100,000 after rallying by close to 80% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin surge past $100,000 for the first time ever. Moreover, easing pressure from the legal case filed by the SEC and the incoming pro-crypto US administration has also impacted BTC price positively.

A look at its daily chart shows BTC price trading range-bound after dropping below the short-term 20-day EMA. As such, it will likely trade within a narrow range for the rest of the year, before gathering enough bullish momentum to break out of this pattern in 2025.

Bitcoin price dropped to lows of $96,683 on 24th December after losing part of the bullish momentum that saw it trade above $105,000 two weeks prior. From the lows, BTC price began ranging as it faced resistance at $100,000.

After failing to break out of this level on 27th December, Bitcoin price dropped to lows of $98,800. From the lows, the flagship digital asset began another round of recovery that saw it trade above $100,000 once again on 29th December. At the time of writing, BTC price trades at $101,173, up by less than 1% over the past 24 hours.

Bitcoin price is still trading range-bound despite the recent bullish momentum. As such, we expect this pattern to continue for the rest of the year, before BTC price gathers enough momentum to break out of this range in 2025. In the meantime, investors can expect Bitcoin price to trade within a tight range, above the 50-day EMA at $95,163.

Relative Strength Index (RSI) is still trading within overbought territory, despite losing some of the bullish momentum that saw it hit highs of 87.67 on 27th December. At the time of writing, RSI trades at 78.66.

Chainlink Price Analysis: LINK/USD Price Action Suggests Further Bullish Momentum After 2025 Bull Run

Chainlink price is still trading above the crucial support zone of $20 after rallying by close to 120% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin price surge past $100,000 for the first time ever. Moreover, easing pressure from the legal case filed by the SEC and the incoming pro-crypto US administration has also impacted LINK price positively.

A look at its daily chart shows LINK price trading range-bound after dropping below the short-term 20-day EMA. As such, it will likely trade within a narrow range for the rest of the year, before gathering enough bullish momentum to break out of this pattern in 2025.

Chainlink price dropped to lows of $19.10 on 24th December after losing part of the bullish momentum that saw it trade above $22 two weeks prior. From the lows, LINK price began ranging as it faced resistance at $20.

After failing to break out of this level on 27th December, Chainlink price dropped to lows of $19.55. From the lows, the oracle token began another round of recovery that saw it trade above $20 once again on 29th December. At the time of writing, LINK price trades at $20.12, up by less than 1% over the past 24 hours.

Chainlink price is still trading range-bound despite the recent bullish momentum. As such, we expect this pattern to continue for the rest of the year, before LINK price gathers enough momentum to break out of this range in 2025. In the meantime, investors can expect Chainlink price to trade within a tight range, above the 50-day EMA at $18.07.

Relative Strength Index (RSI) is still trading within overbought territory, despite losing some of the bullish momentum that saw it hit highs of 87.67 on 27th December. At the time of writing, RSI trades at 78.66.

Shiba Inu Price Analysis: SHIB/USD Price Action Suggests Further Bullish Momentum After 2025 Bull Run

Shiba Inu price is still trading above the crucial support zone of $0.00004 after rallying by close to 200% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin price surge past $

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Other articles published on Mar 11, 2025