Bitcoin holds $105K as HYPE, AAVE, BCH, OKB aim to lead altcoins higher
Bitcoin is currently hovering above $105,000, bolstered by significant inflows into spot Bitcoin ETFs, leading analysts to predict a potential rally towards $110,000. Altcoins such as HYPE, BCH, AAVE, and OKB are positioned to rise if Bitcoin maintains this level. Despite facing resistance, Bitcoin's price patterns, including a Doji candlestick formation, signal indecision among traders. Analysts remain optimistic about its performance in 2025, noting strong inflows totaling over $300 million on one day. Bitcoin's 50-day moving average stands at $103,604, serving as a critical support level; any drop below could threaten the $100,000 mark. For HYPE, bullish momentum is waning despite support at $42.50, while BCH is facing resistance at $462 after bouncing off its 50-day SMA. AAVE has seen volatility around $325, and OKB is contained within a descending channel. Each cryptocurrency has discernible support and resistance levels essential for traders to follow.
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