Bitcoin (BTC) has been recovering sharply from its weekly lows and is now charging toward the all-time high of $104,088. The anticipation of a bull market peak in Q1 2025 has sparked interest among investors and traders.
Van de Poppe’s Analysis
According to Van de Poppe, Bitcoin could reach a new all-time high if it manages to break above the current resistance level at $105,000. This is due to the strong buying pressure from institutional investors and the increasing adoption of cryptocurrency in various industries.
"The bulls are still in control, and I think we will see a new all-time high if BTC can manage to break above $105,000," Van de Poppe said.
CotW’s Analysis
On the other hand, CotW is more cautious in his analysis. He believes that Bitcoin may experience a correction before reaching its next target.
"I think we will see a correction before BTC reaches its next target of $120,000," CotW said.
Support and Resistance Levels
The support levels for Bitcoin are currently at $90,000 and $85,000. The resistance levels are at $105,000 and $110,000.
"BTC has strong support levels at $90,000 and $85,000," CotW said.
Aave (AAVE) Price Analysis
Aave (AAVE) is another cryptocurrency that has been gaining traction in recent days. The price of AAVE has broken above the near-term resistance level of $300 and is now facing selling pressure.
"The bulls are still in control, but the price may experience a correction before reaching its next target," CotW said.
Bitget Token (BGB) Price Analysis
The Bitget Token (BGB) has been experiencing a strong uptrend but has turned down from $3.50 on December 12th, signaling profit booking by traders.
"The bulls are trying to arrest the decline at $3," Van de Poppe said.
Conclusion
In conclusion, Bitcoin is recovering sharply and may reach new all-time highs if it breaks above the current resistance level at $105,000. However, a correction is also possible before reaching its next target.
"BTC has strong support levels at $90,000 and $85,000," CotW said.
Supporting Information
For more information on Bitcoin’s price analysis and Aave (AAVE) and Bitget Token (BGB), please refer to the following links:
Disclaimer
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Aave (AAVE) Price Analysis
The price of AAVE has broken above the near-term resistance level of $300 and is now facing selling pressure.
"The bulls are still in control, but the price may experience a correction before reaching its next target," CotW said.
Key Support Levels:
- $330 (38.2% Fibonacci retracement)
- $283 (20-day EMA)
Key Resistance Levels:
- $400
- $450
Bitget Token (BGB) Price Analysis
The Bitget Token (BGB) has been experiencing a strong uptrend but has turned down from $3.50 on December 12th, signaling profit booking by traders.
"The bulls are trying to arrest the decline at $3," Van de Poppe said.
Key Support Levels:
- $2.43 (20-day EMA)
- $2.40
Key Resistance Levels:
- $3.50
- $4
