Price analysis for December 13th: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB

Bitcoin is currently at a pivotal point, facing resistance near $100,000. Despite this, the bulls are putting up a strong fight, indicating a potential breakout on the horizon. Experts suggest that recent rate cuts by major central banks could drive capital into the crypto market, potentially boosting Bitcoin to new heights by the end of the year.

Analysts are optimistic about Bitcoin’s future, with a report from Sygnum Bank predicting increased institutional participation leading to a surge in demand by 2025. However, the fate of altcoins may rely on the US passing pro-crypto legislation.

In terms of price action, Bitcoin recently surpassed $101,900 but struggled to maintain momentum. For a further upside move, buyers must push the price past $104,088, targeting levels at $113,331 and $125,000. On the downside, a break below $96,916 could signal weakness, with support likely at $90,000.

Similarly, Ether has seen strong buying interest, aiming to break the $4,000 mark. Failure to surpass this level may result in a range-bound movement between $4,094 and $3,500. XRP is also facing resistance but remains supported around $2.11, with potential targets at $2.65 and $2.91 if the bulls can push higher.

Solana, Binance Coin (BNB), Dogecoin, Cardano, and Avalanche are all experiencing varying degrees of price action, with key resistance and support levels to watch. Overall, the crypto market is a mix of optimism and caution, with potential for significant movements in the days to come. Stay tuned for more updates as the market continues to unfold.