BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB: December 18th Price Report

Bitcoin recently hit a new all-time high above $108,000 but has since seen a pullback, suggesting that some investors are taking profits. Analysts have differing views on the future of Bitcoin price. BitMEX co-founder Arthur Hayes predicts a dump in the crypto markets following the inauguration of President-elect Donald Trump in January 2025, while Bitfinex analysts are more optimistic, expecting Bitcoin to reach $145,000 by mid-2025 and potentially $200,000 under favorable conditions.

Institutional investors are showing sustained buying in US Bitcoin exchange-traded funds, with collective net assets surpassing $129 billion as of December 16, slightly above US gold ETFs. This development has drawn attention from analysts, with Bloomberg ETF analyst Eric Balchunas calling the rise of Bitcoin ETFs in competition with gold funds “unreal” within just 11 months after launch.

Looking at the top 10 cryptocurrencies, Bitcoin’s price analysis shows bulls pushing the price above the resistance line but facing a potential consolidation. Ethereum experienced a pullback from overhead resistance, while Ripple saw a relief rally but struggles to sustain higher levels. Solana dipped below the 50-day SMA but defended support at $210, while Binance Coin remains range-bound between $722 and the 20-day EMA. Dogecoin faced resistance at the 20-day EMA, and Cardano slipped below the 20-day EMA, indicating possible range-bound trading. Avalanche has broken below the 20-day EMA, signaling a lack of demand.

As the market continues to shift, it will be interesting to see how these cryptocurrencies navigate their respective price levels in the coming days and weeks. Stay informed and stay invested!