{"id":44726,"date":"2025-01-07T10:21:13","date_gmt":"2025-01-07T10:21:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/weekly-price-analysis-bitcoin-remains-rangebound-while-altcoins-fly\/"},"modified":"2025-01-07T10:21:13","modified_gmt":"2025-01-07T10:21:13","slug":"weekly-price-analysis-bitcoin-remains-rangebound-while-altcoins-fly","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/weekly-price-analysis-bitcoin-remains-rangebound-while-altcoins-fly\/","title":{"rendered":"Weekly Price Analysis: Bitcoin Remains Rangebound while Altcoins Fly"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Price-analysis-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Price-analysis-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Price-analysis-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Price-analysis-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Prices rose over the first week of the year as open interest in the CME improved.<\/li>\n<li>Altcoins outperformed Bitcoin as the largest crypto remained rangebound.<\/li>\n<li>Meanwhile, ETF flows remained net negative.<\/li>\n<\/ul>\n<h2><strong>Bitcoin<\/strong><\/h2>\n<p>Bitcoin\u2019s price improved last week but remained within the range established in previous trading sessions. BTC logged a weekly low of 91,271.19 and a high of $98,972.29. Bitcoin closed last week at $98,198.52.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260070\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/BTCUSD_2025-01-06_09-50-56_a003b.png\" alt=\"\" width=\"886\" height=\"493\"\/><\/p>\n<p>Open interest in the CME improved over the last week as more contracts were added. Comparing that with price movement suggests that more long contracts were opened.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260069\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/BTC-CME1.png\" alt=\"\" width=\"880\" height=\"271\"\/><\/p>\n<p>Meanwhile, BTC ETF flows were net negative next week as outflows totalled $652.10Mn.<\/p>\n<h3><strong>Outlook<\/strong><\/h3>\n<p>BTC found support within the demand zone on the H4 time frame and has begun a rise (supported by new futures longs). BTC will need to first break above the range high at $99,596.57.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260065\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/BTCUSD_II.png\" alt=\"\" width=\"884\" height=\"491\"\/><\/p>\n<p>BTC trades at $101,978.76 as of publishing.<\/p>\n<h2><strong>Ethereum<\/strong><\/h2>\n<p>Ethereum\u2019s price action was more bullish as it broke above the range formed in the previous week\u2019s trading session. The weekly low and high were $3,293.19 and $3,675.77, respectively. ETH closed last week at $3,637.39.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260067\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/ETHUSD_2025-01-06_15-01-40_8b04e.png\" alt=\"\" width=\"882\" height=\"490\"\/><\/p>\n<p>Similar to Bitcoin\u2019s open interest charts, Ethereum OI reached a weekly low on Jan. 1 and has been rising since as new longs enter the derivatives market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260068\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/ETH-CME.png\" alt=\"\" width=\"879\" height=\"267\"\/><\/p>\n<p>Meanwhile, spot ETH ETF inflows logged a negative week as $97.00Mn flowed out of ETFs in the US.<\/p>\n<h3><strong>Outlook<\/strong><\/h3>\n<p>While the price has broken through the last range high, it must clear the recent high, which is at the $4,096.44 level, to resume a bullish trend. In the interim, a demand level at the $3,500.00 level could serve as liquidity for an upward.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260066\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/ETHUSD_II.png\" alt=\"\" width=\"879\" height=\"488\"\/><\/p>\n<p>ETH trades at $3,679.36 as of publishing.<\/p>\n<h2><strong>Solana<\/strong><\/h2>\n<p>Solana\u2019s price action was bullish last week as it broke above the local range high from the previous week\u2019s trading session. Weekly low and high formed were $185.55 and $219.67.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260064\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/SOLUSD_2025-01-06_16-05-20_e193b.png\" alt=\"\" width=\"879\" height=\"489\"\/><\/p>\n<p>Open interest in Solana followed a similar pattern as that of Bitcoin and Ethereum, picking up from Jan. 1.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260063\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/SOL-OI.png\" alt=\"\" width=\"875\" height=\"269\"\/><\/p>\n<h3><strong>Outlook<\/strong><\/h3>\n<p>Despite failing to break its all-time high, Solana\u2019s trend is bullish. However, the price has logged consecutive lower lows on the H4 time frame and must break the $230 level and then the $260 level to continue its bullish trend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260062\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/SOLUSD_II.png\" alt=\"\" width=\"876\" height=\"487\"\/><\/p>\n<p>SOL trades at $218.28 as of publishing.<\/p>\n<h2><strong>Ripple<\/strong><\/h2>\n<p>Ripple\u2019s price action improved last week after logging a low of $1.99 and a high of $2.50.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260061\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/XRPUSD_2025-01-06_23-20-33_23e7e.png\" alt=\"\" width=\"874\" height=\"485\"\/><\/p>\n<p>However, price was incongruent with open interest as an increase in long contracts did not buoy the price.<\/p>\n<h3><strong>Outlook<\/strong><\/h3>\n<p>Since breaking above the range high and pulling back for liquidity at the last higher low at $2.34, XRP\u2019s price has logged higher highs and lows, climbing towards the next supply zone around $2.72.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone  wp-image-260075\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/01\/XRPUSD_2025-01-07_10-34-08_b73fa.png\" alt=\"\" width=\"874\" height=\"486\"\/><\/p>\n<p>XRP trades at \u00a0$2.44 as of publishing.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/weekly-price-analysis-bitcoin-remains-rangebound-while-altcoins-fly\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Prices rose over the first week of the year as open interest in the CME improved. Altcoins outperformed Bitcoin as the largest crypto remained rangebound. Meanwhile, ETF flows remained net negative. Bitcoin Bitcoin\u2019s price improved last week but remained within the [&hellip;]<\/p>\n","protected":false},"author":3947362368,"featured_media":44727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44726"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362368"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44726"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44727"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}