Bitcoin is hovering just under the $100,000 mark as bulls appear poised to push the leading cryptocurrency higher, reinforcing expectations of continued upward momentum in the current uptrend. A prominent market voice, Raoul Pal, founder and CEO of Global Macro Investor, shared a chart on social media suggesting that Bitcoin could form a local top above $110,000 by January, signaling a possible peak in the near term before a broader move higher. Several influential analysts have joined the bullish chorus for the coming year, with Tom Lee, co-founder of Fundstrat Global Advisors and head of research, projecting a potential surge to as much as $250,000 in 2025. The mood in the market reflects a belief that the price action may extend beyond the immediate resistance zone as institutions and retail buyers accumulate on dips and enthusiasm for the asset class remains elevated.
The spotlight, however, is expanding beyond Bitcoin as traders increasingly turn their attention to altcoins. A notable observation from a market analyst known as Mikybull Crypto notes that Bitcoin’s dominance has broken below its two-year support line, a development that is interpreted as a signal that the broader crypto market has officially entered an altseason phase. This shift in focus raises a critical question for traders and investors: could Bitcoin rising above the $100,000 threshold catalyze a broader rally across altcoins? To explore this possibility, we examine the top five cryptocurrencies that exhibit strong chart structures and the potential pathways for price action in the near term. The analysis below provides a detailed look into Bitcoin’s price structure and the setups across notable alts, highlighting key levels and scenarios that could shape market dynamics in the weeks ahead.
Bitcoin price analysis
Bitcoin currently faces resistance around the psychologically important level of $100,000, a round-number barrier that tends to attract attention from traders and headlines alike. Yet there is a constructive sign for bulls: the price remains above the underlying uptrend line, suggesting that the broader bullish trajectory remains intact. The daily chart for BTC/USDT shows several technical supports and indicators aligning in favor of continued upside. The 20-day exponential moving average (EMA) is trending higher, currently around $92,114, which helps to smooth out short-term volatility and provides a dynamic support level. In addition, the Relative Strength Index (RSI) sits in positive territory, indicating that buying pressure is dominant and that upside momentum could sustain.
These technical elements collectively increase the probability of an upside breakout above the $100,000 level. If buyers can drive and close above this threshold, the next target on the upside appears to be around $113,331, followed by a possible move toward $125,000 as a longer-range objective. This scenario is contingent on sustained demand and a lack of convincing selling pressure that could derail the ascent. On the flip side, bears might attempt to undermine the bullish momentum by pushing the price below the 20-day EMA. A break of this level could pave the way for a deeper retracement toward roughly $85,000, a price zone that would be particularly attractive to buyers looking for value and potential accumulation opportunities.
Turning to shorter timeframes, the 4-hour BTC/USDT chart presents a different dynamic. The moving averages on this horizon have begun to flatten, and the RSI is just above the midpoint, signaling a balance between supply and demand in the near term. This balance implies a period of consolidation where volatility could contract, and price action may oscillate within a defined range. In this context, the market could stabilize between $100,000 and $90,000 for a period of time as market participants digest macro cues, on-chain data, and sentiment indicators.
A decisive move above the $100,000 mark on a daily close would indicate that buyers have absorbed selling pressure and that the up-move could gain traction. Such a breakout would likely initiate a renewed leg higher toward $113,331, aligning with the next psychological and technical milestone. Conversely, a break below $90,000 on a daily close could entice short-term traders to realize profits, potentially pushing price action down toward $85,000. This level would be critical as it represents a potential anchor for renewed buying interest, and traders could view it as an opportunity to re-enter long positions with favorable risk-reward dynamics.
Within the broader framework of Bitcoin analysis, the 4-hour chart’s consolidation range presents a microcosm of the tug-of-war between bulls and bears. A successful breakout above $100,000 would signal that buyers have regained control and may set the stage for a more expansive rally. If the breakout fails and the price breaks below $90,000, the market could see a shift in sentiment toward profit-taking among shorter-term participants, raising the probability of a test of lower supports and a longer consolidation phase before the next directional move.
In sum, Bitcoin’s current setup combines a robust uptrend with a critical resistance near $100,000, supported by a favorable moving-average configuration and positive RSI readings. The near-term outlook remains tilted toward upside momentum, contingent on continued buying interest and a breakout above the key resistance. Traders should watch the $100,000 level closely on a daily close basis, as breaking above it would reinforce the case for higher targets and a renewed leg of the bullish cycle. A move below the 20-day EMA would, however, open the door to a deeper correction and require careful risk management for traders positioning around current levels.
Shiba Inu price analysis
Shiba Inu (SHIB) saw a notable breakout above a critical resistance at $0.000030 on December 1, catalyzing the completion of a bullish inverse head-and-shoulders pattern on the daily chart. This formation is considered a bullish continuation setup that could herald renewed upside if buyers sustain the move above the breakout level. The pattern’s technical implication is a potential target that positions SHIB for a climb toward higher price territory, contingent on maintaining above the pivotal support and resistance demarcations.
If buying pressure remains constructive and the price holds above $0.000030, the SHIB/USDT pair could push toward $0.000039 as the next objective. This level would present a meaningful test of supply, and breaking through it would signal that buyers are successfully pressing the price higher. Should the upward momentum persist, the pattern target of $0.000047 becomes a plausible milestone, representing a meaningful upside extension from the breakout zone.
However, there is a counterpoint to the bullish narrative. If the price fails to sustain above $0.000030, the breakout could be invalidated, and traders might interpret it as a bull trap. In such a scenario, the pair could slide toward the 20-day EMA around $0.000025, drawing in buyers who view the dip as an opportunistic entry point for a potential rebound. The interplay between support at the EMA and near-term price action will be critical in determining whether this scenario plays out.
On the 4-hour chart, SHIB/USDT closed above the $0.000030 resistance, signaling a short-term bullish tilt. Nonetheless, bears are unlikely to concede easily and may attempt to pull the price back below the breakout level. A successful test and rejection of the breakout would push the price back toward the 20-EMA, potentially erasing the immediate upside momentum. Conversely, if the price remains above $0.000030, the level is likely to establish itself as a new floor, providing a springboard for further advances toward the next resistance. There is minor resistance noted at $0.000035, which could pose a hurdle but is expected to be surpassed if the uptrend remains intact. Crossing this threshold would set the stage for a march toward $0.000039, expanding the upside trajectory for SHIB.
In terms of risk management, traders should monitor how the price interacts with the breakout level and the subsequent pullbacks. A retreat back below the breakout line on a sustained basis would indicate selling pressure returning, potentially signaling an upcoming retracement to mid-term supports. The balance of power between the bulls and bears at the breakout zone will ultimately determine the sustainability of the trend. If buyers maintain the momentum and defend the breakout, SHIB could experience a period of sustained appreciation, supported by increasing interest from the community and broader market conditions.
Filecoin price analysis
Filecoin (FIL) recently broke above the $6.77 level and closed above it on November 30, completing a bullish rounding bottom pattern. This chart formation is typically interpreted as a consolidation-to-accumulation signal that can precede a sustained upward move as demand returns to the market. The immediate question for traders becomes whether the breakout level at $6.77 can transition into a reliable support that supports higher prices, or whether bears will quickly reclaim the initiative.
A key risk for the bulls is a possible pullback below the breakout and into the region of $6.77, which would signal the bears’ attempt to trap the aggressive buyers who entered on the breakout. If the bears manage to pull the price back below this level, the FIL/USDT pair could dip toward the 20-day EMA, currently around $5.33. This would be a critical zone for the bulls to defend, as a successful hold here could sustain the positive sentiment and lay the groundwork for the next leg higher. Conversely, a sustained rebound from this level would reinforce the bullish narrative and increase the odds of a continued rally toward higher targets.
Should buyers push the price decisively above $7.33, it would indicate that the bulls have effectively flipped the $6.77 level into support, reinforcing the idea of a renewed uptrend. In that case, the next objective would be a move toward $9.34, representing a meaningful upside extension and a validation of the breakout’s follow-through. The 4-hour chart reveals a more dynamic battle between buyers and sellers around the breakout level. The bulls and bears appear locked in a gradual but ongoing contest, with rising moving averages on the 4-hour timeframe suggesting that bullish momentum is building.
The 20-day EMA remains a focal point for the near-term outlook. If price action rebounds from the EMA with strength, it would indicate that buyers remain in control and are defending the breakout level, which would be supportive of the next leg higher. On the other hand, a break below the 20-day EMA would tilt the balance toward sellers and could trigger a route back toward the 50-SMA, introducing a more extended pullback pathway that could test liquidity and buyer interest at lower levels. The overall takeaway is that Filecoin has reasserted bullish momentum following a rounding bottom breakout, but the sustainability of that momentum will depend on the price’s ability to defend key support levels and to extend the move beyond immediate resistance.
Mantle Protocol price analysis
Mantle Protocol (MNT) has started to push higher as bulls attempt to propel the price above a critical overhead resistance near $0.94. This move is important because clearing this hurdle could set up the next leg higher toward meaningful resistance levels and signal a renewed interest from market participants in accumulating Mantle. The daily chart shows the bulls pressing the price above the $0.94 level, suggesting that demand is sufficient to challenge higher price territories and that the market may be transitioning from a consolidation phase into an accumulation-and-breakout regime.
If the bulls succeed in sustaining the move above $0.94, the next target zone is around $1.10, where the bears are expected to mount a robust defense. This introduces a two-way dynamic: bulls seek to establish a new structural high in this region, while bears aim to reassert control by defending the overhead supply. The market would then face a pivotal test: can buyers maintain pressure and push through the next resistance, ultimately elevating the price to higher levels and extending the breakout?
The bears have not conceded, and a failure to hold above $0.94 could signal a shift in sentiment. If price action slips below this critical level, the bears may regain control, prompting a retreat toward the 20-day EMA near $0.81. This zone is essential for the bulls to defend, as a successful hold here would indicate that demand remains resilient despite the pullback and could re-ignite the rally toward the overhead threshold. Sustained strength above the 20-day EMA would bolster the case for a renewed uptrend and increase the probability of advancing toward the $1.10 target.
On the 4-hour chart, the moving averages are trending upward, indicating that the near-term momentum remains tilted toward the bulls. The RSI sits in or near the overbought territory, which indicates strong buying interest but also warrants caution due to potential overextension. If price turns up again and crosses above the $0.95 mark decisively, that would reinforce the emergency of a fresh leg higher. A pullback below the 20-day EMA would be a signal for traders to reassess risk, as it would suggest that the current bullish impulse is losing traction and that the market could test the 50-SMA around $0.69 as a deeper corrective scenario.
In sum, Mantle Protocol is at a critical inflection point where a successful breakout above $0.94 could unlock a meaningful journey toward $1.10, leveraging upside momentum and renewed market interest. Conversely, a breakdown below the 20-day EMA would shift the balance toward the bears, potentially causing a slide toward the lower support band and requiring a reaffirmation of bullish sentiment to re-enter an uptrend. The near-term landscape hinges on decisive price action around these key levels and the ability of buyers to sustain the breakout’s momentum.
Aave price analysis
Aave (AAVE) recently cleared the $200 resistance on November 27, signaling a resumption of the uptrend as bulls sought to reassert control after a brief pullback. The price action showed a strong bounce off this level on November 30, reinforcing the view that buyers remain motivated to push toward higher targets. The key hurdle now is to maintain the positive momentum above $215, which would pave the path for a rally to the $260 level, representing a meaningful upside extension and a potential continuation of the trend.
The near-term risk to this optimistic scenario is that a return to weakness could manifest if the price turns down and breaks below $194. Such a move would be a warning sign that the uptrend is losing steam and could lead to a more pronounced correction. In that scenario, the price could fall toward the 20-day EMA, currently around $183, where bulls would need to defend to prevent a deeper retracement.
On the 4-hour chart, the bears are attempting to pull the price toward the 20-day EMA, an important near-term support that traders monitor closely. A rebound from the 20-EMA would indicate that buyers are stepping in on dips and would improve the prospects for resuming the uptrend. Conversely, a break below the 20-EMA would signal that selling pressure is gaining strength, potentially triggering a move toward the 50-SMA and a more extensive consolidation phase.
The broader implication for AAVE is that the market remains constructive as long as the $215 level holds and buyers defend the upside, supporting a potential push toward $260 as part of a sustained rally. However, if technical support at $215 falters and a test of the 20-day EMA occurs, traders should reassess risk exposure and prepare for the possibility of a retracement before new buying momentum returns. The evolving price action emphasizes the importance of monitoring both the short-term support at the 20-day EMA and the intermediate resistance around $260, as successful navigation of these levels would shape the subsequent trajectory of Aave’s price.
Conclusion
The current market portrait presents Bitcoin as the anchor of a broad rally narrative, with price action hovering near a critical resistance that, if cleared, could unlock further upside toward higher targets. The broader crypto complex is showing signs of diversification, with several altcoins exhibiting technically favorable setups that could catalyze renewed bullish activity if they manage to defend key levels and extend breakouts. Across Shiba Inu, Filecoin, Mantle Protocol, and Aave, the charts point to a mix of breakout confirmations, support defense, and potential continuation patterns that traders will watch closely in the coming sessions.
Investors should remain attentive to the momentum indicators, moving-average crossovers, and critical support and resistance levels described in each asset’s analysis. The confluence of rising trendlines, positive RSI readings, and defined breakout thresholds provides a framework for evaluating entry and exit opportunities while managing risk amid a market that continues to show resilience and a willingness to push beyond psychological barriers. As the market digests macro cues and on-chain dynamics, the path of least resistance remains upward for now, but not without the necessity of disciplined risk controls, clear targets, and adaptive strategies to navigate potential pullbacks and congestion zones that are likely to appear along the way.
