Key points:
A week of solid inflows into the spot Bitcoin ETFs improves the prospects of a rally toward $110,000.
HYPE, BCH, AAVE, and OKB could march higher if Bitcoin sustains above $105,000.
Bitcoin (BTC) is forming a Doji candlestick pattern on the weekly chart, indicating indecision between buyers and sellers. Despite the near-term uncertainty, analysts remain bullish on Bitcoin’s prospects in 2025, expecting a rally from $140,000 to $270,000.
Another positive sign is that the geopolitical turmoil caused by the conflict between Israel and Iran did not create panic among investors. According to Farside Investors’ data, US-based spot Bitcoin exchange-traded funds witnessed $86.3 million in inflows on Thursday and $301.7 million on Friday, boosting the total weekly inflows to $1.37 billion.
Crypto market data daily view. Source: Coin360
Bitcoin’s consolidation just below the all-time high has not generated a sell signal in any of the 30 “bull market peak” indicators monitored by CoinGlass. In a post on X, popular trader Cas Abbe said the models project a target between $135,000 to $230,000 for Bitcoin this cycle.
Could Bitcoin rise toward $110,500, pulling select altcoins higher? If it does, let’s look at the cryptocurrencies that look strong on the charts.
Bitcoin price prediction
Bitcoin found support at the 50-day simple moving average ($103,604) on Friday, but the bulls are struggling to push the price above the 20-day exponential moving average ($106,028). That suggests a lack of buying at higher levels.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The flattish 20-day EMA and the relative strength index (RSI) near the midpoint do not give a clear advantage either to the bulls or the bears. If buyers drive the price above the 20-day EMA, the BTC/USDT pair could climb to the $110,530 to $111,980 zone. Sellers are expected to fiercely defend the overhead zone, but if the bulls prevail, the pair could skyrocket toward $130,000.
On the downside, a break below the 50-day SMA could challenge the critical psychological level of $100,000. If the level cracks, the pair may slide to $93,000.
BTC/USDT…..
