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Crypto Bull Run

Polkadot (DOT) Analysis: Will Wave 2 Lead to a Rally Above $11.27?

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  • Polkadot (DOT) shows firm support on lower timeframes, but a three-wave structure signals potential consolidation ahead.
  • Key resistance levels between $5.31 and $8.84 must hold to sustain the uptrend and avoid a possible stall.
  • While $11.27+ is a possible target, traders must stay cautious and watch for reversal signs at key resistance levels.

Polkadot (DOT) is in a critical state, but the support levels look quite firm on lower time frames. The cryptocurrency is yet at the early stages of wave 2, which suggests an upward movement. The price action has now completed five waves so far up, implying that despite the rally, there could still be resistance in the higher time frame ahead, as marked in the next section. 

In an X post on Friday, More Crypto Online suggests that support levels will remain stable in the short term, which is beneficial for the near future. However, it is worth noting that a three-wave structure suggests the current move could be merely a consolidation rather than an actual rally. This formation indicates that the current price increase may not be permanent, as similar patterns are often followed by a reversal or consolidation. 

Polkadot Price Target Outlook

The areas of potential resistance are situated between $5.31 and $8.84. These points can be regarded as key levels that the cryptocurrency’s price needs to defend in order to sustain the uptrend. Should the price fail to reverse past this region, then there is the possibility of the current bullish run stalling. The success of breaking out or breaking down these levels will dictate whether the rally will continue or stop.

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Source: X

While the analyst does not anticipate Polkadot reaching its all-time high in the near term, a move above $11.27+ cannot be ruled out. However, it is a move that should not be made hastily, as the market is unpredictable at this time. Investors are urged not to get carried away with the bull run and instead, be on the lookout for reversal or consolidation levels to emerge around the resistance indicators.

Importance of Microstructure Analysis

The analyst also stresses that identifying microstructure within the overall large current is critical. The specific characteristics described in wave (c) provide a more accurate indication of the short-term trend. Traders should pay attention to them in order to get a better understanding of how the price may evolve in the near future. 

Nevertheless, based on the Polkadot price movement, there is a possibility of higher price levels more than $11.27; traders should approach these levels carefully. Currently, the market is at a critical stage, experiencing certain levels of pressure and displaying some tendencies that can be viewed as microstructures. These aspects that have been outlined above should be followed well to enable the investors to make better decisions in the coming weeks.

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Will Bitcoin (BTC) Break $106K Resistance? Key Levels to Watch Now

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  • Bitcoin is consolidating near $104K, forming a triangle pattern, signaling potential for a significant price move soon.
  • The CME gap at $104,072 is key, Bitcoin holding this level could open the door for the next major price surge.
  • As Bitcoin consolidates, the broader crypto market is seeing a rise, with Solana hitting new highs and altcoins poised for growth.

Bitcoin has now reached a critical consolidation zone, which will pave way for a major price action. Bitcoin is trading at around $104,300 and forms an upward trend line and a downward trend line that converge to form a triangle pattern suggesting a big move. In the last few days, the price of BTC has been relatively flat and the volatility has been low, although surprises are possible in the middle of the week.

Bitcoin CME Gap

In a recent YouTube video, Rover highlighted that the CME gap, at the moment at $104,072 is the other level of interest to watch for. If Bitcoin holds or is trading above this price point towards the end of the week, this might open the door for the next phase. The current consolidation is somewhat similar to what occurred in 2024, which is why Rover is counting on Bitcoin to kick off another rally. Specifically, Bitcoin has just surpassed its previous lows and previous downtrend, which has convinced many that a positive trend is expected to continue.

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Source: CryptoRover

The traders are looking for $106,000 to $107,000 as the next major barrier for Bitcoin. A breakdown of this range may see BTC fall to $90,000 while analysts expect the cryptocurrency to surge to $110,000, $115,000 or even $120,000 if it can break through this level. Long term targets have estimated the price of BTC to be at about $130,000 due to the ever rising confidence of the investors and the increasing demand of the asset.

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Source: CryptoRover

This price action of BTC is also in harmony with the past trends. The inauguration of President Trump which is set to take place tomorrow has in the past triggered major changes in the market. BTC has always perform well especially during presidencial transitions in the past and this is another area that traders should focus on. Since the inauguration of Trump in the United States, there should be a steep price change in the days to come.

Apart from BTC, the rest of the cryptocurrency market also appears to be in an upward trend. Bitcoin’s dominance is rising, suggesting that investors are seeking the asset during the overall market turmoil. Other major cryptocurrencies such as Solana continue to rocket to new record valuations, indicating a more generalized Crypto uptick.

The on-chain data also points towards the side of the bulls for Bitcoin. The number of addresses containing over 100 BTC has risen dramatically, which suggests that major investors are stacking up BTC with a view to future price rise. This is a good sign for BTC as institutional investors are definitely long term investors.

Altcoin Market Momentum

In the next week, the price of Bitcoin will be most likely to consolidate until the end of January. Traditional ‘bull and bear’ periods have typically taken place in the months leading to this period hence the current phase is critical for future prices. As political activities and investment demand rise, BTC is set to break past significant price barriers.

Other cryptocurrencies are also expected to rise. Solana for instance has recently registered new all-time highs indicating that retail investors are back in the market. According to the expert’s opinion, the rate of altcoins may grow in the nearest future, many of the coins may increase their value two or three times. It is now time for altcoins, and Bitcoin’s stagnation may act as the catalyst for the rest of the market.

As BTC is still trading near a crucial breakout, all attention is on the levels of resistance. Any decisive breakout above $106,000 may propel BTC towards $120,000 and possibly $130,000. Over the time the market has been advancing, Bitcoin continues to attract traders, investors, and analysts in the process.

Bitcoin Breakout Signals Major Rally, $100K Target in Sight: Report

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  • Bitcoin breaks key resistance levels, signaling a major rally with the potential to hit $100K or higher.
  • Over 307,000 new Bitcoin addresses show growing adoption as active users surpass 1.1 million, fueling the crypto surge.
  • Institutional interest is rising as BTC holdings on exchanges hit a two-year low, with BlackRock and a Bitcoin ETF approval looming.

Bitcoin (BTC) is demonstrating clear signs of a significant breakout, which has stirred up the crypto market. In the latest YouTube video, Rover noted that Bitcoin has broken through various barriers and this means that the price is on an upward trend. The price is now trading above a key level and other technicals point towards the possibility of a major rally with targets at even more elevated levels.

Rover pointed out that the price of Bitcoin has successfully break through the falling wedge pattern which shows strong bullish action. After that, Bitcoin has developed a symmetrical triangle on a chart, and this pattern is characteristic of further growth of the price. The analyst has predicted that Bitcoin may well hit $100,000 or even more in the near future.

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Source: Chart by CryptoRover

Bitcoin’s Strong Market Performance

Besides this technical factors, the market data has pointed that Bitcoin is steadily increasing its pace. Bitcoin has been making a tremendous profit of $5.42 billion as the Sell-side Risk Ratio increased to 0.524%, according to analyst Ali Martinez. This rise in the ratio also points towards a mild sell off, though it also points towards the fact that majority of the holders are either not panicking and continuing to hold, or booking gains.

Data from the analytics platform IntoTheBlock shows that more than 307,000 BTC addresses have been added to the cryptoasset in recent weeks. The total number of active addresses has now crossed the 1.1 million mark, which means that there are more transactions and that more people are using BTC. New addresses keep on increasing, which tells us that more people are coming to use the BTC network.

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Source: IntoTheBlock

BlackRock and BTC ETF Boost

Large investors also contribute to the upward trend in the market as well as to the direction of the market. The BTC on exchange holdings have dropped to their lowest level in over two years, which indicates that long term investors are buying the asset. The crypto market is still attracting well-known institutions like BlackRock; the chances are increasing for a spot Bitcoin ETF, which might boost the bulls.

This volatility has also been exacerbated by the retail investors with increased trading at the weekend, particularly in altcoins and meme coins. This activity has assisted in boosting the current cryptocurrency surge.

At the time of writing, BTC is trading  $91,387, it has increased by 2.44% in the last 24 hours, and the trade volume is $69.63 billion. In the future, market experts claim that in the current cycle, BTC’s price may rise to $120,000 or $300,000 due to continued buying both from retail and institutional investors.

Bitcoin’s Surge Sets Stage For 2025 Altcoin Bull Market: Report

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  • Bitcoin’s strong support levels near $70K hint at a 2025 altcoin bull market as crypto interest continues rising.
  • Market momentum shifts as Bitcoin stabilizes, drawing attention to altcoins and potential for diversification.
  • Consolidation in Bitcoin’s price could lead to increased altcoin activity, setting up a promising 2025 outlook.

Bitcoin’s latest price surge is getting the attention of the entire cryptocurrency market, with experts believing that this trend may lead to a major altcoin bull market in 2025. In a recent X post, Alan Santana noted that the recent momentum of BTC, where the previous resistance level has been turned into a support level, indicates that the market is set to turn positive and may soon be reflected in the altcoins.

Bitcoin’s Strong Support Levels

As per the analysis, when Bitcoin was hovering between $70,000 to $74,000, there were questions regarding the possibility of rejections and how the market would behave if a rebound happened. The new support levels for Bitcoin remain strong at around $70,000 with other support at nearly $69,000 and $64,000 which is a positive for the cryptocurrency.

Earlier, there were fears that Bitcoin might be rejected at these levels, which would have had Negative Impacts on the whole crypto market including the altcoins. However, the fact that Bitcoin has held well at these levels has enhanced the confidence in the general market stability. If BTC’s price forms a pattern of consolidation or stagnation, it will prompt more active investors to look for other digital assets to invest and diversify their portfolios.

The strategies to use in the coming bull run expected in 2025 are different, but most experts suggest that an investor should be both careful and aggressive. Patience will be a key factor in determining when to get into and out of markets and earn the most profit. At the time of writing, BTC is at $87,384, which is 1.98% down over the last 24 hours.

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Source: TradingView

Altcoins Poised for Growth

With the current BTC display of strength and sustained sentiment, many believe that there will be a favorable trickle down into the altcoins. This environment may thus present a perfect opportunity for investors interested in reaping the gains made in the growing cryptocurrency markets. With 2025 right ahead of us, the opportunity for the altcoin market to grow has many in the industry waiting and preparing as events take their course.

Although Bitcoin is staging a strong comeback and has built a good support level, the overall altcoin market could be ready to follow suit. Industry insiders are acting as if investors should brace for a bull market and the following could be a year of phenomenal growth for altcoins and other cryptocurrencies.