This marks the final roundup of 2024, and what a year it has been to wrap up. Cheers to an amazing 2025 bull market. Are you ready? Buckle up for a ride to the moon.
7 Days Heatmap
The last week of 2024 is bullish, which is a good warm-up for 2025. BTC and ETH are both up by almost 1% as traders grow optimistic about the new year. While many altcoins are still lagging behind, they are sure to pick up the pace.
BTC Analysis
As highlighted in numerous market outlooks over the past month, BTC continues to remain stable within the flat rising wedge pattern marked in red.
The bulls are expected to maintain control as long as the $91,000 support structure holds.
For the bulls to regain full control and push toward a new all-time high, a break above $100,000 is needed again.
ETH Analysis
As mentioned in our last roundup article, ETH faced rejection at the $3,500 round number and has been bearish in the short term, trading within the falling channel marked in red.
For the bulls to regain momentum and push toward the $4,000 resistance, a daily candle close above $3,600 is required.
Meanwhile, ETH remains bearish and could still test the $3,000 to $3,100 support zone, which aligns with the lower boundary of the red channel.
Quote of the week
I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.
~ Warren Buffet
Closing Remarks
In summary, the final roundup of 2024 reflects a bullish end to the year, setting the stage for an exciting 2025 bull market.
BTC remains stable within a rising wedge, with bulls needing to hold the $91,000 support and break above $100,000 for a new all-time high.
ETH, after rejecting the $3,500 level, trades within a falling channel and remains bearish short-term, requiring a daily close above $3,600 to target $4,000, while the $3,000 to $3,100 zone provides key support.
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