Bitcoin Hits New All-Time High, ETH Could Be Next

Key points:

• Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday.

• Several altcoins are showing strength and are striving to rise above their overhead resistance.

Bitcoin (BTC) pulled back after hitting a new all-time high of $125,708 on Sunday, but the bulls did not cede much ground to the bears. That shows the bulls are not rushing the exit as they anticipate the rally to continue. The bulls have again pushed the price to a new all-time high on Monday. 

The recent rally has been backed by solid buying in the spot BTC exchange-traded funds, which recorded $3.24 billion in inflows last week. That was the second-best week of inflows into BTC ETFs, just short of the record $3.38 billion in inflows in the week ending Nov. 22, 2024, according to SoSoValue data.

Several top Wall Street banks expect BTC to extend its rally by the end of the year, boosted by sustained BTC ETF inflows and the correlation with gold. Citigroup anticipates a modest year-end target of about $133,000, but Standard Chartered analysts expect BTC to soar to $200,000 by December.  

Can BTC continue its up move, or will it experience a short-term dip? How are the altcoins placed? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

S&P 500 Index price prediction

The S&P 500 Index (SPX) continued its scintillating run last week, indicating that the bulls are firmly in the driver’s seat.

The first sign of weakness will be a break and close below the 20-day exponential moving average (EMA) (6,637). If that happens, the index could descend to the 50-day simple moving average (SMA) (6,503). Buyers are expected to defend the 50-day SMA with all their might because a break below it could start a deeper correction to 6,147.

On the contrary, if buyers maintain the price above the moving averages, it signals that the positive sentiment remains intact. The index may then attempt a rally to the psychological level of 7,000.

US Dollar Index price prediction

The bulls successfully thwarted attempts by the bears to pull the US Dollar Index (DXY) below the moving averages, but are finding it difficult to clear the overhead resistance at 99.

If the price remains above the moving averages, the buyers will again attempt to thrust the index above the overhead resistance. If they can pull it off, the index could surge to the 100.50 level. Sellers are expected to pose a strong challenge at 100.50, but if the bulls overcome this obstacle, the next stop is likely to be the 102 resistance level.

The zone between 97 and 96.21 is likely to act as a strong support on any dips. The bears will have to pull the price below the 96.21 support to signal the resumption of the downward move.

Bitcoin price prediction

The bears sold the rally to $125,708 on Sunday but failed to retain the price below the breakout level of $124,474 on Monday.

If the price turns down sharply from the current level, it signals that the bears are active at higher levels. Sellers will then try to pull the Bitcoin price to the 20-day EMA ($117,291). If the price rebounds off the 20-day EMA with strength, the bulls will strive to drive the BTC/USDT pair toward $141,948.

Alternatively, if the price turns down and breaks below the 20-day EMA, it suggests that the pair may continue to oscillate between $107,000 and $126,000 for a few more days. A bearish double-top pattern will be triggered if the pair plunges below $107,000.

Ether price prediction

Ether (ETH) broke above the resistance line on Monday, indicating that the buyers are attempting to seize control.

A close above the resistance line signals that the corrective phase may be over. The Ether price could rally to $4,769 and then to $4,957. Sellers are expected to vigorously defend the $4,957 level, but if the buyers prevail, the Ether price may surge to $5,500.

Instead, if the price turns down sharply and breaks below the 20-day EMA ($4,375), it may trap the aggressive bulls. That could sink the ETH/USDT pair to the $4,060 to $3,745 support zone.

XRP price prediction

XRP (XRP) is witnessing a tough battle between the buyers and sellers at the downtrend line.

The 20-day EMA ($2.94) has started to turn up gradually, and the RSI is just above the midpoint, indicating a slight edge to the bulls. The descending triangle pattern will be invalidated on a close above the downtrend line. That may result in a short squeeze, pushing the XRP price to $3.40 and later to $3.66.

Conversely, if the price turns down sharply and breaks below the moving averages, it suggests that the XRP/USDT pair may spend some more time inside the triangle.

BNB price prediction

Sellers tried to stall BNB’s (BNB) rally at $1,192, but the buyers had other plans. The bulls bought the shallow dip and have pushed the price to a new all-time high on Monday.

The BNB/USDT pair could rally to $1,252, where the bears may pose a strong challenge. However, if buyers pierce the $1,252 resistance, the uptrend could extend to $1,394.

The bears have an uphill task ahead of them. The first support on the downside is at $1,134 and then at the 20-day EMA ($1,052). Sellers will have to yank the BNB price below the 20-day EMA to signal a comeback. The pair may then tumble to the 50-day SMA ($941).

Solana price prediction

Sellers tried to tug Solana (SOL) below the 20-day EMA ($222) on Saturday, but the bulls held their ground.

The upsloping moving averages and the RSI in the positive territory indicate advantage to buyers. That increases the likelihood of a break above the $237 resistance. If that happens, the SOL/USDT pair could climb to the stiff overhead resistance of $260.

This positive view will be invalidated in the near term if the price turns down sharply and breaks below the 50-day SMA ($214). The Solana price may then tumble to the $191 support level.

Related: Bitcoin is crushing top memecoins in 2025: Can DOGE, TRUMP rebound in Q4?

Dogecoin price prediction

Dogecoin (DOGE) has sustained above the 20-day EMA ($0.25) in the past few days, indicating a positive sentiment.

The 20-day EMA has started to turn up, and the RSI has risen into the positive territory, signaling a slight edge to the bulls. If the price breaks above $0.27, the DOGE/USDT pair could ascend to the $0.29 to $0.31 resistance zone. Sellers are expected to fiercely defend the resistance zone because a break above it could propel the Dogecoin price to $0.39.

The uptrend line is the critical support to watch out for in the near term, as a break below it suggests the bulls are losing their grip. The pair may then remain inside the large $0.14 to $0.29 range for a while longer.

Cardano price prediction

Cardano (ADA) closed above the 50-day SMA ($0.85) on Thursday, but the bulls could not clear the hurdle at the resistance line.

A positive sign in favor of the bulls is that they have not allowed the price to sustain below the 20-day EMA ($0.84). That suggests strong demand at lower levels. The bulls are again attempting to push the price above the resistance line. If they succeed, the ADA/USDT pair could rally toward $1.02.

On the other hand, if the price turns down and closes below the 20-day EMA, it indicates strong selling near the resistance line. The Cardano price may then extend its stay inside the descending triangle pattern for some more time.

Hyperliquid price prediction

Hyperliquid’s (HYPE) relief rally is facing resistance at the 61.8% Fibonacci retracement level of $51.87, indicating selling on rallies.

The bears are trying to pull and sustain the price below the moving averages. If they manage to do that, the HYPE/USDT pair could slump to $43. This is a crucial support to watch out for because a break below it may sink the Hyperliquid price to $39.68.

Contrary to this assumption, if the price rises and breaks above $51.87, it suggests the bulls are back in the game. The pair could then rally to $55.18 and subsequently to the all-time high of $59.41.

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.