BTC retests 98,000! Analyst: The bullish signal of these 4 coins is also very strong, are they ready for a big pump this week?

BTC re-fighting 98,000! Analyst: The bullish signal of these 4 coins is also very strong

BTC is consolidating below the $100,000 level. Although it fell below $91,000 last week, it rebounded above $98,000 earlier this morning (12/2) and is currently priced at $97,523.

Senior analyst Rakesh Upadhyay of 《Cointelegraph》 pointed out early this morning that the BTC bulls did not hastily exit, and the upward trend is expected to continue.

Several experts are optimistic about 2025. For example, Tom Lee, head of research at Fundstrat, said that BTC could rise to $250,000, while Geoff Kendrick, head of research at Standard Chartered Bank, is optimistic that it could rise to $125,000 by the end of this year and $200,000 by the end of next year.

Upadhyay said that it's not just Bitcoin grabbing the headlines now, investors seem to be gradually shifting their focus to altcoins. Renowned analyst Mikybull Crypto pointed out on the X platform that Bitcoin's market dominance has fallen below the support line of the past two years, indicating that the cryptocurrency market has officially entered the altcoin season.

Can BTC break through $100,000 and further boost the rise of AltCoin? Upadhyay mentioned 4 promising AltCoins and provided short-term support and resistance analysis for reference only, not as investment basis.

Analysis of Shiba Inu Coin ($SHIB) Price Trends

Upadhyay pointed out that Shiba Inu Coin ($SHIB) broke through the 0.000030 dollar resistance on December 1, completing a bullish head and shoulders pattern.

If $SHIB can stay above $0.000030, it may rise to the high point of $0.000039. This level may be a short-term resistance, but if long positions can gain an advantage, it may climb to the target price of $0.000047 for the head and shoulders pattern.

However, if $SHIB cannot maintain above 0.000030 US dollars, it means that this breakthrough may be a Bull Trap, and it may subsequently slide to the 20-day MA EMA (0.000025 US dollars), which is expected to attract buying interest.

Image source: Cointelegraph Shiba Inu ($SHIB) price trend analysis

Filecoin ($FIL) Price Trend Analysis

Upadhyay pointed out that Filecoin ($FIL) broke through and closed above $6.77 on November 30, completing a bullish rounding pattern.

Shorts will attempt to pull the price back below $6.77 and trap aggressive longs. If shorts succeed, $FIL may fall to the 20-day EMA ($5.33), and longs must hold this moving average to maintain a short-term bullish market sentiment.

If $FIL turns upward from the current level and breaks through $7.33, it means that longs have turned the $6.77 level into a support level, which will increase the possibility of rising to $9.34.

Image Source: Cointelegraph Filecoin ($FIL) Price Trend Analysis

Mantle ($MNT) price trend analysis

Upadhyay pointed out that long positions are trying to make Mantle ($MNT) rise above the $0.94 resistance level to initiate the next pump.

If longs succeed, $MNT could rise to $1.10, which will attract strong defense from shorts.

However, if $MNT cannot maintain above $0.94, it means shorts are still active at high levels, and may fall to the 20-day EMA ($0.81), which is a key point that bulls must defend. If a strong rebound can occur here, the possibility of breaking through $0.94 will increase.

However, if $MNT rebounds below the 20-day EMA, it may further test the 50-day moving average, which is 0.69 US dollars.

Image source: CointelegraphMantle ($MNT) price trend analysis

Aave ($AAVE) Price Trend Analysis

Upadhyay pointed out that Aave ($AAVE) broke through and closed above the $200 resistance level on November 27th, indicating that the short-term upward trend has resumed.

Although $AAVE fell below $200 on November 29, it quickly rebounded, indicating that long positions are attempting to turn $200 into a support level.

If you want to continue to rise, the bulls must keep the price above 215 US dollars in order to pave the way for the rise to 260 US dollars.

However, if $AAVE falls and breaks below 194, the short-term bullish view will be invalidated, and it may further fall to the 20-day EMA (183).

Source: Cointelegraph Aave ($AAVE) price trend analysis

[Disclaimer] The market carries risks, and investments should be made with caution. This article does not constitute investment advice. Users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific situation. Investment made based on this article is at one's own risk.

"BTC fights 98,000 again! Analyst: "These 4 coins" have strong bullish signals too, ready for a big big pump this week?" This article was first published on "encryption city".