Crypto Frontline

BTCUSD (Coinbase)

We’re back with the 1^st weekly analysis for 2025 and Bitcoin behaved as expected during the holiday. In our last article, the assumption was that the price would continue to trade in between $90k and $100k, so that materialized.

The chart above shows how BTC is consolidating inside a range, so as traders return from holiday, we should watch whether a break and hold above $100k happens. If that’s the case, our attention will shift to $105k and $110k, since those are key resistance levels to watch.

It’s a new year that starts after an impressive 2024, so this could be a double-edged sword. On one hand, the market could continue to build up new gains, but on the other, the pricing feels a bit extended, an environment favorable for pullbacks. At almost $2 trillion market cap, Bitcoin enthusiasts will definitely need new solid reasons for these valuations to be maintained for long.

While the market is exuberant about Trump 2.0 and its crypto-friendly outlook, we would like to advise caution and say that the upcoming months will be dominated by elevated volatility on both sides of the market.

ETHUSD (Kraken)

Ether is also up during the first few days of 2025. At BTC dominance seems to peak, attention shifts to altcoins. There is some choppy activity around the 4h chart 200 SMA + overbought RSI, suggesting buyers are encountering resistance. We are bullish on ETH as long as the price continues to trade above $3,500.

If we do see a break above the 200 SMA, the attention will shift back to $4,000, an area reached mid-December 2024, but one that couldn’t be sustained by the market. Longer-term, that’s a key hurdle to watch and if breached, more upside lies ahead.

To the downside, $3,300 and $3,100 are some important support levels. Anything can happen and the second half of December is proof of that. Even though that period should have been bullish, the exact opposite happened.

XRPUSD (Kraken)

XRP has been consolidating inside a triangle channel since the beginning of December. In the broader picture, this is bullish because the consolidation follows a very impulsive move. However, we need to see the price breaking above the structure to confirm that buyers have resumed.

In that scenario, we suspect the coil will edge up again, with $2.8 as the first line of resistance. Above that, we think the market will shift its attention to $3.35, the current all-time high in XRP. Keep in mind that this coin will be the most sensitive to regulatory changes in the United States.

As a crypto-friendly SEC chair steps in, and Republicans regained control of the White House + Congress, any positive move towards a greater crypto integration could benefit XRP.

If selling resumes and the price breaks below the triangle, we expect $1.96 and $1.76 to act as support levels. Failure to do that will mean further selling down the road, with $1.40 as a potential target. Keep in mind we currently support the upside scenario.