Bitcoin 
BTCUSD surpassed $100,000 for the first time in 2025. Continued buying by Bitcoin’s largest holding company may have boosted sentiment. MicroStrategy revealed on January 6 that it purchased 1,070 Bitcoins on December 30 and 31, 2024, for $101 million at an average price of $94,004. The latest purchase brought the company’s holding to 447,470 Bitcoins.
Metalplanet CEO Simon Gerovich said in an article on X that the company plans to increase its Bitcoin holdings from 1,762 to 10,000 in 2025.
Buying was also seen in cryptocurrency investment products during the first three days of the year. The CoinShares report shows inflows of $585 million in 2025, extending the massive inflows of $44 billion in 2024.
Although analysts are optimistic in the long term, they are uncertain about a strong move for Bitcoin in the short term. 10x Research founder Markus Thielen said in a January 5 report that Bitcoin could end January in a range of $97,000 to $98,000.
Could Bitcoin’s Rally Above $100,000 Send Altcoins Higher? Let’s analyze the graphs to find out.
S&P 500 Index Price Analysis
The S&P 500 Index (SPX) bounced off the neckline of the head-and-shoulders pattern on January 3, and the bulls pushed the price above the moving averages on January 6.
The 20-day exponential moving average (5,967) is flattening and the relative strength index (RSI) has moved into positive territory, indicating that selling pressure is easing. Buyers will attempt to push the price to 6050 and then 6100. Sellers are expected to fiercely defend the 6050-6100 zone, but if the bulls prevail, the index could rise towards 6347.
The bears will need to bring the price back below the moving averages to gain the upper hand. The index could then retest the neckline.
US Dollar Index Price Analysis
The US Dollar Index (DXY) reached 109.53 on January 2, but the bulls are struggling to maintain the higher levels.
The bears have pulled the price up to the 20-day EMA (107.77), which is important support to watch. If the rebound from the 20-day EMA holds, it will signal demand at lower levels. The bulls will then attempt to push the price up to 111.
Alternatively, a breakout and close below the 20-day EMA will signal that buyers are rushing for the exit. This could deepen the correction to the 50-day simple moving average (106.42).
Bitcoin Price Analysis
Bitcoin has broken out above the crucial resistance at $100,000, indicating that bulls are back in the game.
If the price remains above $100,000, the 
BTCUSDT the pair could accelerate towards the all-time high of $108,353. This level could witness heavy selling from the bears, but if the bulls maintain the pressure, the pair could resume the uptrend. The next upside target is $126,706.
On the other hand, if the price fails to sustain above $100,000, it will indicate that the breakout could be a bull trap. The bears will need to push the price below the moving averages to pave the way for a decline to $90,000.
Ether Price Analysis
Ether (ETH) broke and closed above $3,555 on January 3, completing a bullish ascending triangle formation.
The 20-day EMA ($3,529) has started to rise and the RSI is in positive territory, indicating that bulls are in control. The ascending triangle breakout setup target is $3,894.
The sellers will likely have other plans. They will attempt to bring the price back below $3,555. If they do, aggressive short-term bulls could find themselves trapped. This could cause the 
ETHUSDT pair at the uptrend line.
XRP Price Analysis
XRP (XRP) is facing selling from the bears at the resistance line, but the bulls have not allowed the price to drop below the 20-day EMA ($2.29).
This increases the likelihood of a breakout above the resistance line. If this happens, the 
XRPUSDT the pair could rally to $1.73 and possibly $2.91. Sellers are expected to fiercely defend the $2.91 level.
Time is running out for the bears. They will need to drop the price below the 20-day EMA to keep the pair stuck in the triangle for some more time. The bears will take control on a breakout and close below the support line.
BNB Price Analysis
BNB (BNB) remains stuck between the 20-day EMA ($703) and overhead resistance at $722, indicating an uphill battle between the bulls and bears.
The gradually rising 20-day EMA and the RSI just above the midpoint give a slight advantage to the buyers. Usually, tight consolidation is followed by increased volatility. If the price exceeds $722, the 
BNBUSDT the pair could gain momentum and rise towards $794.
On the contrary, a drop below the 20-day EMA will suggest that the bulls have given up. The 50-day SMA ($685) may act as support but is likely to be broken. The pair could then fall towards $635.
Solana Price Analysis
Solana (SOL) crossed above the 50-day SMA ($219), indicating that the bulls are trying to extend the rally.
The ascending 20-day EMA ($205) and RSI in positive territory indicate that buyers have an advantage. If price holds above the 50-day SMA, the 
SOLUSDT the pair could rise to $235 and then to $247.
Contrary to this assumption, if the price declines and crosses below the 20-day EMA, it will signal that the bears remain short during rallies. The pair could move down to the support line, where buyers are expected to step in.
Dogecoin price analysis
Dogecoin (DOGE) rose and closed above the 50-day SMA ($0.38) on January 4, signaling that selling pressure is easing.
The bears attempted to take the price back below the 50-day SMA on January 5, but the bulls held firm. If buyers push the price above $0.40, the 
DOGEUSDT the pair could rise to $0.43 and later to $0.48.
Instead, if the price declines and falls below the 50-day SMA, it will suggest profit booking by the bulls. The pair could then slide towards the 20-day EMA ($0.35). This will signal a possible consolidation between $0.30 and $0.43.
Cardano Price Analysis
Cardano’s (ADA) rally is facing resistance near $1.12, but a positive sign is that the bulls have not ceded ground to the bears.
Both moving averages are sloping upward and the RSI is above 62, indicating that the path of least resistance is upward. If buyers push the price above $1.12, the 
ADUSDT the pair could rise to $1.20. The bears are expected to defend the $1.20 level, but if the bulls break through the resistance, the rally could reach $1.32.
Alternatively, a break below $1.05 will suggest that the bulls are losing their grip. The pair could then fall to the moving averages.
Avalanche Price Analysis
Avalanche (AVAX) surpassed the 50-day SMA ($43.23) on January 6, indicating that bulls are attempting a comeback.
The relief rally will likely encounter resistance in the area between the 50% Fibonacci retracement level of $44.70 and the 61.8% retracement level of $47.31. If the price falls relative to the air zone, the 
AVAXUSDT the pair could fall to the 20-day EMA ($40.97). A strong rebound from the 20-day EMA will signal a change in sentiment from selling on a rally to buying on a decline.
If the bears want to prevent the rise, they will need to quickly bring the price back below the 20-day EMA. If they do, the pair is likely to fall to $35.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.