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Happy New Year to all! I hope 2024 was a successful year for everyone, and I wish you health, prosperity, and even greater achievements in 2025.
As we closed out 2024, Bitcoin wrapped up a phenomenal year, setting the stage for what could be an even better 2025. In the final 24 hours of the year, Bitcoin traded at $91.5K, briefly breaking its bearish structure. As the new year approached, the price showed renewed bullish momentum, peaking at $96.3K—a 5% increase from its earlier daily low.
However, the bullish push was short-lived, as Bitcoin failed to create a higher high, with price retracing 3% to its current level of $93.6K. For the bulls to reclaim dominance, Bitcoin needs to break this recent high and establish a new higher high.
2025 is shaping up to be a pivotal year for Bitcoin and the long-anticipated altcoin season. Several bullish catalysts suggest that the market could be on the cusp of explosive growth. The current correction, while challenging for some investors, is a necessary and healthy pullback in an early-stage bull market. These retracements offer savvy investors the chance to dollar-cost average (DCA) into Bitcoin and promising altcoins at discounted prices.
If you're unsure about the best approach, consider reaching out to your Stormrake Crypto Broker for personalised strategies tailored to your goals.
Stormrake Spotlight: Fantom (FTM) ($0.69)
Stormrake Spotlight: Fantom (FTM) ($0.69)
In this third installment of Fantom's Spotlight feature, our bullish outlook on this protocol remains steadfast. The recent migration to Sonic is live, with users actively converting their FTM to S. Despite the current price of FTM, this migration has been a success.
Just two weeks ago, FTM peaked at $1.40 but has since dropped 50%, largely due to confusion caused by Binance’s poorly worded announcement. Binance stated they were “delisting FTM,” which panicked retail investors unfamiliar with the migration process into selling their holdings.
This temporary misstep shouldn’t deter you. Instead, view this as an opportunity to acquire one of the most respected projects in the crypto ecosystem at a steep discount. Fantom continues to be a cornerstone of innovation, and its fundamentals remain intact.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin surged through all moving averages overnight, reaching a key resistance level at $95.7K but failing to close above it. This resistance rejection prompted a sharp reversal, pushing Bitcoin back below all its moving averages to its current price. The rapid momentum shift from bullish to bearish highlights the volatility of the market. For Bitcoin to regain its bullish stance, a sustained breakout above $95.7K is essential.
BTC Total ETF Flows for 31 Dec: $ - 3.2 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’s price action mirrors yesterday’s analysis. The $3,370 level remains a magnet, with ETH briefly breaking above it during Bitcoin's rally before falling back below as Bitcoin retraced. Momentum continues to shift frequently, and Ethereum remains in a consolidation range for now.
ETH Total ETF Flows for 31 Dec: $ +4.2 Million
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
While corrections can feel uneasy, they’re a natural part of market cycles, especially in the early stages of a bull market. Use these moments to position yourself for the growth ahead, and keep an eye on key levels for Bitcoin and Ethereum. With strong fundamentals and promising developments across the ecosystem, 2025 is shaping up to be a year of opportunity.
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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.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
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