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Bitcoin is off to a strong start in 2025, marking three consecutive green days and setting the stage for what could be a highly bullish January. This momentum is supported not only by historical trends but also by significant upcoming events, including Donald Trump’s inauguration on January 20th (US time).
Historically, January has been a favorable month for Bitcoin, with positive returns in 65% of cases since 2011. Only five Januarys have ended in the red, making the odds of a bullish January 2025 particularly promising. The month has already opened with a 5% gain in Bitcoin’s price, negating the bearish structure that previously threatened to push BTC below $90,000. However, Bitcoin still needs to break and hold above the critical $100,000 level to confirm a sustained bullish trend. While challenges remain, recent price action is undoubtedly encouraging.
The early-year price action has also triggered a decline in Bitcoin dominance (BTC.D), an exciting development for altcoin enthusiasts. BTC.D recently set a lower high, invalidating its bullish structure and approaching key support levels. Currently at 57% and falling, dominance could revisit its recent low of 55%. If this level is breached, it may signal a bearish trend in Bitcoin dominance—a classic indicator of an impending altseason.
When BTC.D last hovered around 55% (December 10), several altcoins saw significant breakouts. For example, Sui and Ondo reached new all-time highs, while Fantom hit its recent peak. A return to these levels could catalyse similar price action, potentially propelling major altcoins to new heights.
Stormrake Spotlight: Fantom (FTM) ($0.85)
Stormrake Spotlight: Fantom (FTM) ($0.85)
Along with the rest of the market, FTM has rallied 9% over the last 24 hours and is now up more than 20% since our recent callout. Those who were active and bought the dip have already been rewarded and are well-positioned for potentially greater returns. FTM needs a 75% move to reclaim its December high and over 300% to reach its all-time high. For those who believe in FTM (or Sonic), this setup feels like a no-brainer. Don’t be discouraged by the recent 20% rally from its low; instead, focus on the significant growth potential ahead.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin has flipped its short-term structure back to bullish, continuing its rally while using the 21 EMA as a reliable support level. This setup positions BTC to retest the $100,000 level, though some resistance is expected between $99,400 and $100,000, where the CPR zone aligns with the psychological $100,000 threshold. On pullbacks, the 21 EMA is likely to act as a key support level.
BTC Total ETF Flows for 3 Jan: $ N/A million
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
ETH/USD Key Levels and Price Action:
ETH/USD Key Levels and Price Action:
Ethereum continues to demonstrate breakout strength, surpassing a significant resistance level at $3,557, which had previously acted as a major barrier. This level has now been flipped into support, setting ETH up for a potential move toward its next key resistance at $3,724. Notably, ETH has outperformed BTC over the past two days—a trend worth monitoring closely.
ETH Total ETF Flows for 3 Jan: $ N/A Million
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
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