SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX

Bitcoin (BTC) surpassed $100,000 for the first time in 2025. Continued purchases by the largest corporate Bitcoin holder may have boosted sentiment. MicroStrategy said on January 6 that it purchased 1,070 bitcoins between December 30 and 31, 2024, for $101 million at an average price of $94,004. The recent purchase increased the company’s holdings to 447,470 Bitcoin.

Metalplanet CEO Simon Gerovich said in a post on X that the company plans to increase its Bitcoin holdings from 1,762 to 10,000 in 2025.

Cryptocurrency investment products also saw buying in the first three days of the year. According to a CoinShares report, inflows of $585 million occurred in 2025, expanding to a massive $44 billion inflows in 2024.

Analysts are optimistic about the long term, but uncertain about Bitcoin’s sharp movements in the short term. Markus Thielen, founder of 10x Research, said in a January 5 report that Bitcoin could close January in the $97,000 to $98,000 range.

If Bitcoin rises above $100,000, could altcoins go higher? Let’s analyze the chart to find out.

S&P 500 Index Price Analysis

The S&P 500 Index (SPX) rebounded from the neckline of a head-and-shoulders pattern on January 3, and the bulls pushed prices above the moving average on January 6.

The 20-day exponential moving average (5,967) is flattening, and the relative strength index (RSI) is rising to the positive area, suggesting that selling pressure is decreasing. Buyers will try to raise the price to 6,050 and then to 6,100. Sellers are expected to fiercely defend the 6,050-6,100 range, but if bulls prevail, the index could surge to 6,347.

Bears need to drive the price back below the moving average to gain the upper hand. The index can then test the neckline again.

US Dollar Index Price Analysis

The US Dollar Index (DXY) rose to 109.53 on January 2, but bulls are finding it difficult to sustain higher levels.

The decline took the price towards the 20-day EMA (107.77), an important support level to watch. A sustained bounce in the 20-day EMA would signal demand at lower levels. The bulls then try to push the price up to 111.

Alternatively, a break and close below the 20-day EMA would signal that buyers are rushing for the exit. This could deepen the correction towards the 50-day simple moving average (106.42).

Bitcoin Price Analysis

Bitcoin has broken above the critical $100,000 resistance level, indicating the bulls are back in the game.

If the price stays above $100,000, the BTC/USDT pair could accelerate to an all-time high of $108,353. This level could see strong selling on the downside, but a sustained uptrend could lead to a resumption of the uptrend. The next upside target is $126,706.

On the other hand, if the price fails to stay above $100,000, it would be a sign that the breakout may have been a bulltrap. The bears would need to take the price below the moving average to clear a path to $90,000.

Ether Price Analysis

Ethereum (ETH) broke out and closed above $3,555 on January 3, completing a bullish ascending triangle.

The 20-day EMA ($3,529) has started to rise and the RSI is in positive territory, indicating that the bulls are in control. The pattern target for an ascending triangle breakout is $3,894.

The seller likely has other plans. They will try to bring the price down to $3,555 or lower. Doing so could lock in an aggressive bull market in the short term. This could sink the ETH/USDT pair into an upward trend line.

XRP Price Analysis

XRP (XRP) is facing bearish selling at the resistance level, but the bulls have not allowed the price to fall below the 20-day EMA ($2.29).

This increases the chances of breaking the resistance line. If that happens, the XRP/USDT pair could rise to $1.73 and eventually $2.91. Sellers are expected to strongly defend the $2.91 level.

Time is running out for the bear. The price would need to be pulled below the 20-day EMA to keep the pair trapped inside the triangle for some time. The bears take control at the break and close below the support line.

BNB price analysis

BNB (BNB) remains between the 20-day EMA ($703) and the overhead resistance of $722, indicating an uphill battle between bulls and bears.

The gradually rising 20-day EMA and the RSI just above the mid-point give buyers a slight advantage. Typically, volatility increases after tight integration. If the price breaks above $722, the BNB/USDT pair could gain momentum and rebound towards $794.

Conversely, if it falls below the 20-day EMA, it means that the upward trend has been abandoned. The 50-day SMA ($685) could act as support but is likely to be broken. The pair could then fall to $635.

Solana Price Analysis

Solana (SOL) has broken above its 50-day SMA ($219), indicating that bulls are attempting to extend the recovery.

The rising 20-day EMA ($205) and RSI in positive territory indicate that buyers have the upper hand. If the price remains above the 50-day SMA, the SOL/USDT pair could rise to $235 and then to $247.

Contrary to this assumption, if the price declines and falls below the 20-day EMA, it would signal that the bears are still selling in the rally. The pair may move down to the support level where buyers are expected to intervene.

relevant: XRP price chart ‘bull flag’ targets $15 due to increasing open interest.

Dogecoin price analysis

Dogecoin (DOGE) rose and closed above its 50-day SMA ($0.38) on January 4, signaling that selling pressure was waning.

Bears attempted to push the price back below the 50-day SMA on January 5th, but bulls held on. If buyers push the price above $0.40, the DOGE/USDT pair could rise to $0.43 and later to $0.48.

Instead, if the price declines and falls below the 50-day SMA, it will suggest bullish profit booking. The pair could then fall towards the 20-day EMA ($0.35). This signals that consolidation between $0.30 and $0.43 is possible.

Cardano Price Analysis

The Cardano (ADA) recovery faces resistance near $1.12, but the positive sign is that the bulls have not given ground to the bears.

Both moving averages are trending to the upside and the RSI is above 62, indicating that the path of least resistance is to the upside. The ADA/USDT pair could surge to $1.20 if buyers push the price above $1.12. Bears are expected to defend the $1.20 level, but if bulls break through resistance, a rally could reach $1.32.

Alternatively, a drop below $1.05 means the bulls are losing steam. The pair may then fall towards the moving average.

Avalanche Price Analysis

Avalanche (AVAX) broke above its 50-day SMA ($43.23) on January 6th, indicating that the bulls are attempting a rebound.

The relief rally is likely to face resistance in the area between the 50% Fibonacci retracement level of $44.70 and the 61.8% retracement level of $47.31. If the price falls from the overhead zone, the AVAX/USDT pair may fall towards the 20-day EMA ($40.97). A strong bounce in the 20-day EMA signals a shift in sentiment from selling on the rise to buying on the dip.

If we want to stop the downtrend, we need to get the price below the 20-day EMA quickly. Doing so would risk the pair falling to $35.