Bitcoin Holds $105,000 as ETF Inflows Surge 137% Weekly

Bitcoin (BTC) has been holding steady around the $105,000 mark, with a Doji candlestick pattern on the weekly chart indicating a period of indecision between buyers and sellers. Despite this near-term uncertainty, analysts remain optimistic about Bitcoin's prospects for 2025, predicting a rally from $140,000 to $270,000. This bullish outlook is supported by solid inflows into spot Bitcoin exchange-traded funds (ETFs), which saw $86.3 million in inflows on Thursday and $301.7 million on Friday, totaling $1.37 billion for the week. This influx of capital suggests that investors are confident in Bitcoin's long-term potential, despite geopolitical tensions.

Bitcoin's consolidation just below its all-time high has not triggered any sell signals in the 30 "bull market peak" indicators monitored by CoinGlass. Popular trader Cas Abbe projects a target range of $135,000 to $230,000 for Bitcoin this cycle. If Bitcoin can sustain above $105,000, it could potentially rally toward $110,500, pulling select altcoins higher. Among these altcoins, HYPE, BCH, AAVE, and OKB show strong chart patterns and could lead the next leg of the altcoin rally.

Hyperliquid (HYPE) has been struggling to maintain levels above $42.50, indicating bearish pressure at higher levels. However, the upsloping 20-day exponential moving average (EMA) suggests that buyers have an edge. A break and close above $44 could invalidate the negative divergence on the relative strength index (RSI) and open the gates for a rally to $50. Conversely, a break below the 20-day EMA could signal profit-booking by the bulls, leading to a deeper correction to $32.50 and subsequently to $30.50.

Bitcoin Cash (BCH) bounced off the 50-day simple moving average (SMA) at $403 but faces stiff resistance at $462. The upsloping moving averages and positive RSI indicate an upward trajectory. If buyers overcome the $462 barrier, BCH could rally to $500. On the downside, the 50-day SMA is a crucial support level. If it cracks, BCH could sink to $375, where buyers will attempt to arrest the decline.

Aave (AAVE) soared above the $285 resistance but failed to sustain higher levels. The price turned down sharply from $325 and has reached the 20-day EMA at $269. A rebound off the 20-day EMA could push AAVE toward $380. Conversely, a break below the 20-day EMA could pull the pair to the uptrend line, where buyers are expected to defend vigorously. The first sign of strength will be a break and close above the 20-EMA, opening the doors for a rise to $291 and thereafter to $309.

OKB (OKB) has been trading inside a descending channel pattern. Buyers have not allowed the price to fall to the $49 support, signaling buying on dips. If buyers push the price above the moving averages, OKB could move up to the resistance line. Repeated retests of a resistance level tend to weaken it, and a break above the resistance line could rally OKB to $56 and then to $60. This positive view will be invalidated if the price turns down and breaks below the $49 support, suggesting the pair may remain stuck inside the channel for a few more days.