As the cryptocurrency market enters May 2025, Bitcoin’s price movements are once again drawing significant attention. Recently, Bitcoin (BTC) broke above the $95,000 mark, signaling a bullish trend that could potentially lead it toward the psychologically important threshold of $100,000. However, this critical level may prompt profit-taking from long-term holders, raising the question: will Bitcoin overcome this hurdle, or will the bears take the reins?
Bitcoin’s Forecast
The recent upward momentum in Bitcoin’s price may lead it to challenge the $100,000 threshold, as suggested by veteran trader Peter Brandt. According to Brandt, a sustained breakout could propel Bitcoin into the $125,000 to $150,000 range by late 2025. However, market participants should remain cautious, as historical data shows that sharp corrections often follow significant rallies.
As we approach the $100,000 mark, analytics firm Glassnode highlights that long-term holders may likely book profits once Bitcoin’s price reaches approximately $99,900, marking a profit margin of 350%. Therefore, sustaining upward movement will require substantial buy-side pressure to counteract potential selling activity.
Altcoins: Signs of a Rally?
As Bitcoin strengthens, many altcoins are trading above their respective support levels, which hints at an impending rally across the altcoin market. Below, we analyze the price predictions for several leading cryptocurrencies.
Ethereum (ETH) Price Prediction
Ethereum buyers have defended the $1,757 level effectively, indicating strong demand at lower prices. If ETH can maintain its stance above $1,857, it may climb to the significant resistance level of $2,111. Conversely, a drop below critical moving averages could see ETH testing support around $1,537.
XRP Price Prediction
XRP remains stable above moving averages, but the overall momentum lacks strength. A breakout above key resistance could enable XRP to ascend towards $3. In contrast, slipping below these support levels may pull XRP back down to $2.
BNB Price Prediction
The ongoing battle between bulls and bears around the BNB moving averages suggests uncertainty. A sustained price below the averages may lead BNB to $576, while an upward breakthrough could see it rally to levels around $644.
Solana (SOL) Price Prediction
Despite facing selling pressure at $153, SOL has shown resilience. If it can maintain above the $153 mark, a rally to $180 could occur. Should it drop below the 20-day EMA, bearish sentiment may ensue, leading it to $132.
Dogecoin (DOGE) Price Prediction
After rebounding from the moving averages, DOGE aims to test the resistance at $0.21. A successful push beyond this level could trigger a move towards $0.25 and higher. Conversely, slipping below the moving averages could see DOGE tumbling down to $0.14.
Cardano (ADA) Price Prediction
ADA has shown resilience after buyers defended the moving averages, but a lack of upward follow-through indicates weak demand. A push above $0.75 may lead ADA towards $0.83, while bearish movement could push it as low as $0.58.
Sui (SUI) Price Prediction
Sui’s price reached $3.90 recently, but with prolonged selling pressure evident, a drop to support levels such as $3.01 could materialize if the momentum shifts southbound.
Chainlink (LINK) Price Prediction
Chainlink’s positive sentiment remained intact as it turned upward from the moving averages. A break above the $16 resistance could signal a bullish trend, while a reversal below the averages may signify continued consolidation around $11.68.
Avalanche (AVAX) Price Prediction
With a recent bounce from the 20-day EMA, buyers appear to be stepping in. Should AVAX clear the resistance level of $23.50, it could open the door to an upward move towards $28.78 and possibly beyond.
Conclusion: The cryptocurrency landscape is on the brink of significant movements as Bitcoin and various altcoins showcase potential for rallies and corrections. It is imperative for investors to conduct thorough research and remain vigilant about market conditions while making investment decisions.
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.
