- Analysts have predicted that Bitcoin (BTC) could break out from the current level to settle around $170k by the end of next year.
- Ethereum (ETH) has also been predicted to stage a rebound to $2,700 despite the ongoing bearish momentum.
Crypto analysts have hinted that the broad market could break out from the current trend and make an explosive run by August 2025. Until then, Bitcoin (BTC), Ethereum (ETH), and XRP could lead the market to make several decisive moves to either the bullish or the bearish side of the trend.
Bitcoin (BTC) Price Analysis
Analysts have observed that Bitcoin is experiencing a fading momentum with the Relative Strength Index (RSI) approaching the neutral territory at 50. Aligning with this, the Moving Average Convergence Divergence (MACD) has also indicated a bearish crossover and a possible correction ahead.
Reacting to this, Bitcoin has plunged below the $105k support level to find refuge at the $104.4k zone. Meanwhile, its 24-hour price chart is showing a 0.45% gain. On the weekly chart, the asset has declined by 4.7%, dragging the market cap to $2.07 trillion.
According to analysts, failure to hold the current level could see the asset fall to $100k. Breaking the $106k level could also see BTC breaching the all-time-high price at $111,980.
As highlighted in our last analysis, the son of US President Donald Trump, Eric Trump, believes that BTC could hit $170k by next year. According to our recent analysis, Bitcoin could also surge to $190k.
Ethereum (ETH) Price Analysis
The ETH’s RSI was approaching the overbought territory last week, but was rejected and has since then receded to the 54 level. According to analysts, this indicates that there is a declining bullish momentum with the MACD indicator also showing a bearish crossover.
On the market data, ETH is trading slightly above the 200-day Exponential Moving Average (EMA) at $2,456. On the daily and weekly price charts, the asset has declined by 0.4% and 2.9%, respectively.
According to analysts, a move above the $2500 level could see the asset hitting the $2,700 level. As indicated in our previous news story, ETH could also replicate the 2017 run to surge by 25,000%. Declining below the $2,400 level could see ETH falling to $2000.
XRP Price Analysis
XRP is showing serious bearish momentum on the RSI chart, reading 39, far below the neutral level of 50. Similarly, there is a bearish crossover on the MACD indicator, suggesting a possible continuation of the current trend.
Amidst the backdrop of this, XRP has recorded losses on all the major trading sessions, falling by 0.2% in the last 24 hours, 8% in the last seven days, 2% in the last 30 days, 10% in the last 90 days, and 7.7% from year-to-date. Fascinatingly, analysts believe that XRP could soon stage a rebound from $2.14 to retest the $2.27 level.
Speaking on the asset, macro investor Raoul Pal highlighted that XRP is showing some bullish signs on its weekly chart.
As explained in our recent blog post, XRP is expected to make an upsurge to $5.5. As discussed earlier, the CEO of DDTG Global, Dave Portnoy, believes that XRP could stage a rebound to $2.4. According to him, this could be fueled by instinct, emotions, and Fear Of Missing Out (FOMO).
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