BNB, AAVE, XMR and VIRTUAL still look strong

Bitcoin (BTC) could not hold on to the recovery attempts during the week, signaling selling by the bears at higher levels. Although buyers failed to push the price above $100,000, they have not ceded much ground to the sellers. This suggests that the bulls are holding on to their positions as they anticipate another leg higher.

Crypto mining firm Blockware Solutions said in a market forecast report viewed by Cointelegraph that Bitcoin’s base case target for 2025 is $225,000. Even the bear case target of $150,000 is way higher than the current price. The bull case target is a hefty $400,000.

Along with Bitcoin, traders also seem to be bullish on Ether (ETH). The United States spot Ether exchange-traded funds (ETFs) witnessed massive inflows of over $2.5 billion in December, nearly double that of November. Asset management firm VanEck has a target of more than $6,000 for Ether in 2025.

What are the critical support levels on Bitcoin that may start a rebound? Let’s look at the charts of the top 5 cryptocurrencies that may outperform in the near term if the sentiment turns bullish.

Bitcoin price analysis

Bitcoin closed below the 50-day simple moving average ($96,124) on Dec. 27, indicating that the bulls are losing their grip.

Buyers tried to push the price back above the 50-day SMA on Dec. 28, but the bears held their ground. The 20-day exponential moving average ($97,257) has started to turn down, and the relative strength index (RSI) is in the negative territory, indicating advantage to bears.

The BTC/USDT pair could slide to the $90,000 support, where the bulls are expected to mount a strong defense. If the price rebounds off $90,000 and rises above the moving averages, it will signal solid demand at lower levels.

Buyers will have to drive the price above $100,000 to seize control. The pair may then climb to $108,353.

The 4-hour chart is forming a head-and-shoulders pattern, which will complete on a break and close below the neckline. If the price stays below the neckline, the pair could plummet to $85,000 and then to the pattern target of $76,647.

This negative view is likely to be invalidated in the near term if buyers push and maintain the price above $100,000. That could open the doors for a retest of the all-time high at $108,353. If this level is crossed, the pair may jump to $124,206.

BNB price analysis

BNB (BNB) has been oscillating between $635 and $722 for the past few days, indicating a balance between supply and demand.

The bears are defending the $722 level, but a positive sign is that the bulls have not allowed the price to dip below the 20-day EMA ($694). This suggests that the bulls have kept up the pressure and are trying to overcome the barrier at $722. If they succeed, the BNB/USDT pair could pick up momentum and rise to…