Price analysis for 12/11: Bitcoin, Ethereum, XRP, Solana, Binance Coin, Dogecoin, Cardano, Avalanche, Toncoin, Shiba Inu

Bitcoin has made a strong recovery above $100,00 after hitting a low near $94,000 on Dec. 10. This surge comes after November’s inflation report met economist’s expectations, leading to increased optimism in the market. Experts are even predicting that Bitcoin could reach $200,000 by the end of 2025.

Along with Bitcoin, analysts are also feeling positive about Ether and Solana, expecting them to climb to $7,000 and $750, respectively. However, Bitcoin’s sharp rally is likely to meet strong resistance near its all-time high of $104,088, potentially leading to increased volatility in the coming days.

As for altcoins, XRP, Solana, BNB, Dogecoin, Cardano, Avalanche, and Toncoin all have unique price movements worth watching. Many of these coins are bouncing off key support levels, indicating potential bullish momentum, while others are struggling to maintain their recent gains.

For example, XRP is currently correcting within an uptrend, with a strong rebound off key levels suggesting bullish sentiment. On the other hand, Cardano’s recent selling pressure could lead to a possible range formation if it fails to break above $1.16.

Overall, the cryptocurrency market is experiencing a mix of positive and negative movements, with both Bitcoin and altcoins showing potential for further growth if key resistance levels are broken. Investors should keep a close eye on these developments to make informed decisions in this dynamic market.