On December 5th, Bitcoin (BTC) reached the six-figure mark for the first time, marking a significant milestone in 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 highlighted that investors have been pouring money into BTC, with the ProShares Short Bitcoin Strategy ETF seeing $1 billion in inflows.
Analysts Remain Bullish on 2025 Performance
Despite some market volatility, analysts remain optimistic about Bitcoin’s prospects for 2025. According to a recent survey by Bloomberg Intelligence, over 80% of respondents believe that BTC will reach $100,000 or higher in the next year. Additionally, many experts are predicting that the cryptocurrency will continue to gain traction and adoption.
Bitcoin’s Short-Term Outlook
In the short term, Bitcoin’s performance is expected to be influenced by various factors, including economic trends, regulatory developments, and market sentiment. Some analysts believe that BTC could experience a correction in the near future, while others predict that it will continue to trend upwards.
Top 5 Cryptocurrencies to Watch
Here are five cryptocurrencies that are worth keeping an eye on in the coming months:
1. Sui (SUI)
Although 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 RSI in the overbought territory indicate an advantage to buyers. If bulls overcome the resistance near $5, the SUI/USDT pair could resume its uptrend toward $6.20 and later $7.60.
2. Aave (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. A strong bounce off this level will signal that the bulls have flipped $261 into support, improving the prospects of a retest of $400.
3. Sui (SUI)
As mentioned earlier, Sui has repeatedly made new all-time highs and held on to its gains. 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.
4. Solana (SOL)
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, starting a new upward move to $400 and later to the pattern target of $500.
5. Aave (AAVE)
As mentioned earlier, 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. A strong bounce off this level will signal that the bulls have flipped $261 into support, improving the prospects of a retest of $400.
Conclusion
Bitcoin’s recent surge to six figures has sparked optimism among analysts, who remain bullish on its performance for 2025. While some experts predict that BTC may experience a correction in the near future, many others believe that it will continue to trend upwards. The top five cryptocurrencies to watch in the coming months are Sui (SUI), Aave (AAVE), Solana (SOL), Sui (SUI), and Aave (AAVE).
