Bitcoin (BTC) reached the six-figure mark for the first time on Dec. 5, signaling a significant milestone for the cryptocurrency markets. One of the primary reasons for the gains was the sustained inflows into United States Bitcoin exchange-traded funds (ETFs).
Bloomberg ETF analyst Eric Balchunas said in a Dec. 17 post on X that spot Bitcoin ETFs’ assets under management stood at $120 billion, just shy of gold’s $125 billion. He said that Bitcoin funds competing with gold funds within 11 months of launching was “unreal.”
Several analysts remain bullish on Bitcoin’s performance in 2025, as they anticipate institutional adoption to continue. Some believe Bitcoin could rally as high as $500,000 and beyond, but others have more conservative targets.
A continued rally in Bitcoin would likely boost sentiment across the crypto sector while attracting solid buying in several altcoins. Based on the current chart patterns, some altcoins stand out and may be worth watching out for. Let’s study the charts of the top five cryptocurrencies that look the most bullish for 2025.
Bitcoin price analysis
Bitcoin (BTC) closed above the neckline of the inverted head-and-shoulders pattern, completing the bullish setup. However, the breakout is usually followed by a retest of the neckline.
The relative strength index (RSI) is forming a negative divergence, indicating a slowdown in momentum. That suggests the BTC/USDT pair could drop to the neckline.
If the price rebounds off the neckline with force, it will signal that the bulls have flipped the level into support. That increases the possibility of the resumption of the uptrend toward the pattern target of $128,500. If this level is crossed, the pair may rally toward $165,000.
The first sign of weakness will be a break and close below the neckline. The pair may drop to the 50-week simple moving average (SMA) ($66,077), which is a crucial level for the bulls to defend. If this support breaks down, the advantage will tilt in favor of the bears.
The pair rebounded off the 50-day SMA ($92,907) on Dec. 20, indicating solid demand at lower levels. Buyers will have to push and maintain the price above the 20-day exponential moving average (EMA) ($98,786) to suggest that the selling pressure is reducing. The pair may then climb to the resistance line of the channel. A break and close above the channel could propel the pair to $113,331.
A deeper correction could begin if the bears pull the pair below the 50-day SMA and the $85,000 support zone. That could result in a retest of the breakout level of $73,777.
Ether price analysis
Ether (ETH) has formed a large symmetrical triangle pattern, indicating indecision between the bulls and the bears.
Usually, the symmetrical triangle acts as a continuation pattern, and the price breaks out in the direction of the prevailing trend prior to the triangle formation. That suggests the ETH/USDT pair is likely to break out to the upside.
The bulls pushed the price above the triangle, but the bears have pulled the price back below the breakout level. The moving averages are the crucial support to watch out for. If the price turns up from the moving averages with force, the bulls will again try to drive the pair above the triangle. The pattern target of the breakout from the triangle is $7,814.
This optimistic view will be invalidated if the price continues lower and breaks below the triangle.
The pair is witnessing a tough battle near the 50-day SMA ($3,296). Any recovery is expected to face selling at the 20-day EMA ($3,628). A break and close above the 20-day EMA will suggest that the bears are losing their grip. The pair may then again attempt to rise above $4,094.
On the contrary, a close below the 50-day SMA will open the doors for a fall to $3,000 and later to the solid support of $2,850. Buyers are expected to fiercely defend the $2,850 support.
Solana price analysis
Solana (SOL) turned down from the overhead resistance of $260, indicating that the bears are aggressively defending the level.
The SOL/USDT pair is likely to find support at the moving averages. If the price rebounds off the moving averages with force, the bulls will try to drive and maintain the pair above $260. If they manage to do that, the pair will complete a cup-and-handle pattern. That could start a new upward move to $400 and later to the pattern target of $500.
The zone between the 50-week SMA ($157) and $116 is likely to attract strong buying by the bulls. Sellers will have to yank the price below $116 to seize control.
The moving averages have completed a bearish crossover, and the RSI is near the oversold territory, indicating that the bears are in command. If the price remains below the channel, the pair could slump to $155 and subsequently to $116. Buyers are expected to defend the support at $116.
The bulls will have to push and maintain the price above the resistance line to signal that the correction may be over. The pair may then climb to $260.
Related: Here’s what happened in crypto today
SUI price analysis
Although Sui (SUI) has a short trading history, it has repeatedly made new all-time highs and held on to a large part of its gains.
The upsloping moving averages and the RSI in the overbought territory indicate an advantage to buyers. The up move is facing selling near $5, but if buyers overcome this resistance, the SUI/USDT pair could resume its uptrend toward $6.20 and later $7.60.
On the downside, the 20-week EMA ($2.69) is expected to act as a strong support. A break and close below the 20-week EMA will be the first indication that the uptrend is losing steam. The pair may then dip to $2.18.
The bears pulled the price to the 50-day SMA ($3.61) on Dec. 20, but the bulls held their ground. This suggests demand at lower levels. However, failing to clear the overhead hurdle may tempt short-term bulls to book profits. That may result in a retest of the 50-day SMA.
If the 50-day SMA gives way, the pair could collapse to $3. Contrarily, a bounce off the moving averages could push the pair to $5. If bulls overcome this resistance, the pair may start the next leg of the uptrend.
Aave price analysis
Aave (AAVE) broke and closed above the $261 overhead resistance, completing a rounding bottom pattern.
The bears stalled the rally at $400 and have pulled the price back toward the breakout level of $261. This is an important level to watch out for because a strong bounce off it will signal that the bulls have flipped $261 into support. That will improve the prospects of a retest of $400. If bulls overcome this resistance, the AAVE/USDT pair may climb toward $650. There is stiff resistance at $450, but it is likely to be crossed.
This optimistic view will be invalidated in the near term if the price breaks and maintains below $261. The pair may then sink to the 20-week EMA ($191).
The 20-day EMA ($304) has flattened out, and the RSI is near the midpoint, indicating a possible range-bound action in the short term. The pair could swing between $261 and $400 for some time.
A break and close below $261 will be the first sign of weakness. The pair may slide to the 50-day SMA ($231), which is an essential level for the bulls to defend. On the upside, a break and close above $400 could resume the up move.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
