Price Analysis of Bitcoin, Ethereum, and Major Altcoins on December 25th

The year-end rally for Bitcoin is gaining momentum as bulls attempt to push the price above the $100,000 psychological level. Despite a 2% gain in December, Bitcoin still has a long way to go to catch up with its pre-pandemic highs.

Table of Contents

Technical Analysis

Short-Term Outlook

The short-term outlook for Bitcoin is bullish, with the price attempting to break above the $95,000 resistance level. If successful, this could lead to a rally towards the $100,000 mark and potentially beyond.

Support levels: $90,000 – $92,000
Resistance levels: $95,000 – $98,000

Medium-Term Outlook

The medium-term outlook for Bitcoin is uncertain, with the price struggling to sustain above the $80,000 level. However, a break above the $100,000 mark could lead to a significant rally in the coming months.

Support levels: $80,000 – $82,000
Resistance levels: $100,000 – $105,000

Altcoins:

Ethereum (ETH)

Ethereum has been gaining momentum in recent weeks, with its price surging above the $3,500 level. The altcoin is currently trading at a premium to Bitcoin, but this could change if the broader market corrects.

Support levels: $3,200 – $3,300
Resistance levels: $3,600 – $4,000

Other Altcoins

Other notable altcoins include Chainlink (LINK), which has broken above the $20 level, and Toncoin (TON), which is currently trading near its all-time highs.

Market Sentiment:

The market sentiment is bullish, with many analysts expecting a significant rally in the coming months. However, this could change if the broader market corrects or if there are any major regulatory changes.

Fear & Greed Index

The fear and greed index is currently indicating a neutral-to-bullish sentiment, suggesting that investors are cautiously optimistic about the market’s prospects.

Conclusion:

In conclusion, the short-term outlook for Bitcoin is bullish, with the price attempting to break above the $95,000 resistance level. However, the medium-term outlook is uncertain, and the broader market could correct if there are any major regulatory changes or if investor sentiment shifts.

Disclaimer:

The information provided in this article does not constitute investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.