Bitcoin (BTC) and Ethereum (ETH) Price Action Reignites Investor Interest, Setting the Stage for Potential 2025 Breakout

Bitcoin's recent price movement has reignited investor interest, with strong technical indicators suggesting a potential breakout that could redefine its market trajectory

Bitcoin’s recent price movement has reignited investor interest, with strong technical indicators suggesting a potential breakout that could redefine its market trajectory heading into 2025.

But Bitcoin isn’t alone in showing bullish signals—Ethereum, Solana, and the Solaxy presale are also aligning with upward momentum, supported by recurring support rejections and structure breaks.

These four altcoins not only dominate in market cap and utility but are also currently positioned at key technical levels that may offer high-reward entry points. Here is a closer look at why experts consider these among the best altcoins to buy right now.

Bitcoin (BTC)

Bitcoin continues to maintain its dominance in the crypto market and currently appears to be in a strong technical position for potential growth. After dropping to around $93,000 last month, it has since made a significant upward move, hitting a new all-time high of approximately $111,000.

This upward momentum is particularly important because Bitcoin remains the most liquid asset in the crypto space. Bitcoin started the week on a relatively strong note, showing signs of bullish momentum despite a temporary pullback.

The recent price action has been constructive, with Bitcoin rebounding from a key support zone marked by the 200 EMA and value area low. Although the initial recovery occurred on low volume, the technical structure remains intact.

The major resistance level is around $110,400, and a breakout above this level is possible if market volume picks up, particularly during the U.S. trading session.

Historically, Tuesdays tend to be positive for Bitcoin, with an average gain of around 1%. If the breakout does occur, a short-term target near the previous all-time high at $112,000 could be viable.

However, caution is still warranted due to potential volatility in traditional markets and macroeconomic factors. Until a confirmed breakout takes place, Bitcoin is expected to trade within the range of $107,000 to $110,000.

Ethereum (ETH)

Ethereum continues to hold its position as the second most important cryptocurrency in the market, particularly due to its foundational role in decentralized applications (DApps), smart contracts, and the broader NFT ecosystem.

From a technical standpoint, Ethereum’s current price structure appears to mirror Bitcoin’s recent movement, which is often an encouraging sign for investors given the historical correlation between the two.

As of now, Ethereum is currently showing signs of a potential breakout after breaking above a key resistance level at $2,610. However, lower volume is supporting this breakout compared to previous breakouts, and there are unfilled imbalances in the price range that could cause retracements.

Additionally, the reopening of the U.S. markets could bring increased volatility. Despite these factors, Bitcoin remains relatively stable, supporting the possibility that Ethereum’s price could hold above resistance and move toward the yearly volume-weighted average price near $2,710.

Given Bitcoin and Ethereum typically move in tandem during bullish cycles, Ethereum’s price movement is likely to mirror Bitcoin’s upward trajectory.

As market sentiment improves and institutional interest remains high, Ethereum stands as a key asset to watch heading into 2025. Its strong fundamentals, coupled with favorable technical indicators, suggest that it could soon reclaim its previous highs.

Solana (SOL)

Solana presents itself as one of the best altcoins available in the market currently. At a price point of around $176, it is the most affordable among the three crypto mention above, offering significant potential for upside.

What makes Solana particularly interesting at this stage is its recent breakout from a prolonged downtrend. This shift is evident from its technical structure: the price has successfully created a higher high after forming a series of lower highs and lower lows.

Breaking above the previous high is often seen as a strong indicator of a trend reversal. The ultimate target being eyed is the $264 range, which marks a significant prior high. If momentum continues across the crypto sector, Solana is likely to benefit from that wave.

While market volatility remains a factor to consider, the technical analysis suggests that Solana is at a pivotal point where investors could start positioning themselves for the next upward move.

Solaxy (SOLX)

Solana has experienced remarkable growth, with its network and associated tokens achieving substantial price gains alongside record application revenues. However, a major challenge facing the platform is network congestion.

When transaction volumes surge, the Solana blockchain becomes heavily overloaded, leading to slower processing times and higher fees. This makes trading more expensive and less efficient for users unless they are willing to pay increased costs.

Moreover, the congestion has caused numerous transaction failures. To tackle these problems, a Layer 2 solution called Solaxy (SOLX) is currently in