Bitcoin’s strength has pulled several altcoins higher, with SHIB, FIL, MNT, and AAVE showing promise in the near term.
Bitcoin (BTC) is consolidating just below the $100,000 level, suggesting that the bulls are not rushing to the exit as they anticipate the uptrend to continue. Global Macro Investor founder and CEO Raoul Pal posted a chart on X suggesting that Bitcoin could form a local top above $110,000 by January.
Several analysts remain bullish for the next year. Fundstrat Global Advisors co-founder and head of research Tom Lee said that Bitcoin could skyrocket to $250,000 in 2025.
Crypto market data daily view. Source: Coin360
