Daily Crypto Signals: Mixed Signals as Bitcoin Struggles Below $100K

The cryptocurrency market is displaying mixed signals today, with Bitcoin experiencing a 10% correction from its recent all-time high while social sentiment indicators suggest a potential recovery ahead.

Daily Crypto Signals: Mixed Signals as Bitcoin Struggles Below $100K
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Crypto Market Developments

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Stephen Miran has been nominated by President-elect Trump as Chairman of the Council of Economic Advisors; this action is praised by the crypto community since Miran’s pro-innovation attitude toward digital assets. In other news, Interpol has red noticed Hex founder Richard Schueler (Richard Heart) for claims of tax fraud and assault, so adding regulatory scrutiny to the crypto market.

Bitcoin Under $95,000

BTC/USD

 

Currently trading above $97,150, Bitcoin dropped around 13% from its all-time high of $108,300 attained on December 17. Even with the drop, Santiment’s market intelligence engine indicates the very low social sentiment could point to an approaching breakout. On its daily chart, BTC/USD has shown three consecutive red candles for the first time since early November; nonetheless, experts disagree on whether the correction will deepen or if a recovery is expected.

Ethereum’s $4,000 Key Resistance

ETH/USD

 

Though analysts propose possible consolidation between $3,000 and $4,000, Ethereum ETH/USD still faces resistance at the $4,000 mark. Strong holder attitude is shown by the 8.5-year low of 9.2 million ETH in the exchange balance of the coin. VanEck estimates Ethereum might hit $6,000 by Q4 2025, especially if authorities legalize yield producing from staking for spot ETFs.

Top Altcoins to Watch This Week

Several altcoins are showing strength despite Bitcoin’s uncertain direction:

  • SUI has demonstrated resilience with strong buying at the 50-day SMA, though facing resistance near $5.
  • Bitget Token (BGB) is consolidating between $4.90 and its 20-day EMA after showing solid buying pressure at lower levels.
  • Ethena (ENA) maintains a positive outlook with upsloping indicators and potential targets at $1.23 and $1.33.
  • Virtuals Protocol (VIRTUAL) continues its uptrend while finding support at its 20-day EMA, with possible targets at $3.32 if it breaks above current resistance levels.
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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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