Bitcoin and popular altcoins’ current status and whether the upward trend will continue is as follows:
Bitcoin has managed to surpass the $45,000 level as we enter the new year. If the price can stay above this level, we might see a movement towards $48,000 first, and then possibly $51,000. In case of possible pullbacks, our initial support zone is in the $42,000 – $41,500 range. Below this zone, we have the $40,700 – $40,300 range. It’s worth noting that a drop below these levels could deepen the decline.
Bitcoin (BTC): As of the time of writing, the BTC/USDT pair is trading at $45,392 with a 0.93% increase. Resistance levels for BTC are in the range of $48,000 – $51,000, and support levels are in the range of $42,000 – $41,500.
Ethereum (ETH): The ETH/USDT pair is trading at $2,379 with a 0.99% increase. Resistance levels for ETH are in the range of $2,435 – $2,450, and support levels are in the range of $2,270 – $2,260.
Perpetual Protocol (PERP): The PERP/USDT pair is trading at $1.87443 with a 3.55% increase. Resistance levels for PERP are in the range of $1.974 – $2.04, and support levels are in the range of $1.65 – $1.67.
Arbitrum (ARB): The ARB/USDT pair is trading at $1.9180 with an 8.40% increase. Resistance levels for ARB are in the range of $1.964 – $1.980, and support levels are in the range of $1.84 – $1.816.
Ordi (ORDI): The ORDI/USDT pair is trading at $84,209 with a 1.22% increase. Resistance levels for ORDI are in the range of $91.10 – $92, and support levels are in the range of $81 – $79.9.