Major

Solana

Bitcoin

As the cryptocurrency market enters a new phase, Bitcoin has reclaimed the $100,000 mark, though not without some turbulence. Meanwhile, altcoins like Solana (SOL) are drawing attention, as analysts anticipate a significant rally in the near future. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins? = The Bit Journal" width="728" height="90" title="Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins? 52" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a> 
<h2 id="bitcoin-s-breakout-a-sign-of-more-to-come">Bitcoin’s Breakout: A Sign of More to Come?</h2> 
After flirting with the $100,000 threshold, Bitcoin made a decisive move upward this week. However, as the weekend approached, the leading cryptocurrency experienced slight retracements. According to Jan Happel and Yann Allemann, co-founders of Glassnode, inflation data played a pivotal role in fueling Bitcoin’s surge past this critical milestone. 
Happel and Allemann suggest that Bitcoin’s next steps will involve: 
<ul data-spread="false"> 
 <li>Turning $102,000 into solid support to escape the recent price compression zone.</li> 
 <li>Avoiding a drop below $100,000, which could align with a retest of support between $97,200 and $98,500.</li> 
 <li>A daily close above $102,000, potentially paving the way for targets at $104,000 and the $108,000 upper channel.</li> 
</ul> 
At the time of writing, Bitcoin was trading just under $100,000, showing a minor 0.9% daily loss but maintaining over 15% gains on the monthly chart. 
<img loading="lazy" decoding="async" class="size-full wp-image-76294 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-1-1.jpeg" alt="Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins? = The Bit Journal" width="1280" height="704" title="Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins? 53" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-1-1.jpeg 1280w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-1-1-300x165.jpeg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-1-1-1024x563.jpeg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-1-1-768x422.jpeg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-1-1-860x473.jpeg 860w" sizes="(max-width: 1280px) 100vw, 1280px"> 
<h2 id="solana-prepares-for-a-major-move">Solana Prepares for a Major Move</h2> 
After Bitcoin, analysts are turning their attention to Solana (SOL). According to Happel and Allemann, SOL is gearing up for a rally that could see it test previous highs. If SOL gains momentum, ecosystem tokens like JUP and WIF could follow its lead. 
Their analysis highlights: 
<ul data-spread="false"> 
 <li>SOL has rebounded from a key level and is currently eyeing $230.</li> 
 <li>A daily close above $235 could break the price compression and target the previous high of $264.</li> 
 <li>Key signal: The daily RSI is neutral and comfortably below the overbought zone, signaling favorable conditions for upward movement.</li> 
</ul> 
At the time of reporting, SOL was trading at $226, marking a 2.74% daily loss but boasting over 10% monthly gains.<img loading="lazy" decoding="async" class="size-full wp-image-76296 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-2-2.jpeg" alt="Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins? = The Bit Journal" width="1280" height="709" title="Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins? 54" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-2-2.jpeg 1280w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-2-2-300x166.jpeg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-2-2-1024x567.jpeg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-2-2-768x425.jpeg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Grafik-2-2-860x476.jpeg 860w" sizes="(max-width: 1280px) 100vw, 1280px"> 
<h2 id="the-altcoins-to-watch-jup-and-wif">The Altcoins to Watch: JUP and WIF</h2> 
If Solana breaks out as predicted, its ecosystem tokens JUP and WIF could benefit significantly. Both tokens have been quietly building momentum and are worth keeping an eye on for potential gains. 
<h2 id="final-thoughts">Final Thoughts</h2> 
The cryptocurrency market’s resilience is evident as both Bitcoin and Solana show strong potential for further growth. Whether BTC solidifies its position above <a href="https://thebitjournal.com/bitcoin-surges-past-100000-massive-transfers-and-institutional-support-fuel-rally/" target="_blank" rel="noopener">$100K</a> or SOL achieves new heights, the market is abuzz with anticipation. Stay tuned to The Bit Journal for the latest insights on these exciting developments. 
<ul> 
 <li><a href="https://twitter.com/Thebitjournal_" target="_blank" rel="noopener nofollow">https://twitter.com/Thebitjournal_</a></li> 
 <li><a href="https://www.linkedin.com/company/the-bit-journal/" target="_blank" rel="noopener nofollow">https://www.linkedin.com/company/the-bit-journal/</a></li> 
 <li><a href="https://t.me/thebitjournal" target="_blank" rel="noopener nofollow">https://t.me/thebitjournal</a></li> 
</ul> 
Follow us on Twitter and LinkedIn and join our Telegram channel to get instant updates on breaking news!

Bitcoin Hits $100K Again, What’s Next for SOL and Two Promising Altcoins?

Table of Contents

The Bit Journal

Other articles published on Dec 13, 2024

Astar Network Unveils Pre-Deposit Campaign For Soneium Projects

Velodrome’s VELO soars after Binance listing as a rare pattern forms

$5.7M Raised! Why Qubetics, XRP, and AAVE Are the Best Altcoins to Join Now for Real-World Utilit...

Qubetics ($TICS) Leads December as XRP and Arbitrum Grow

Holdstation launches A(i)gentFi, the first AI agent hub on ZKsync

New Polygon-Based Meme Coin Poised to Overtake SHIB and PEPE With a Stunning 16,900% Rally!

Join our free newsletter for daily crypto updates!