Bitcoin price move above $100K could pull SOL, SUI, ICP and ENA higher
Bitcoin (BTC) increased by approximately 4% this week, showing strong demand. After experiencing $242.3 million in outflows on January 2, U.S. spot Bitcoin ETFs rebounded with inflows of $908.1 million on January 3. Bitcoin exchange inflow decreased in December, indicating reduced selling pressure. Analysts predict Bitcoin may consolidate between $95,000 and $110,000 until the end of January, with potential upward movement if it surpasses $100,000. Solana (SOL) faces resistance at $219 but shows bullish signs with the 20-day EMA rising. Sui (SUI) resumed its uptrend after breaking above $4.96, while Internet Computer (ICP) indicates a potential trend change after surging above moving averages. Ethena (ENA) has formed a cup-and-handle pattern, with a breakout above $1.30 potentially leading to significant gains. Key support levels are identified for each cryptocurrency, indicating areas to watch for potential price movements.
