The cryptocurrency market is on the brink of an exciting upswing, with Bitcoin set to take center stage. Experts have made bold price predictions, indicating that the pioneer cryptocurrency could go full green to a new ATH by late Q1 2025. On the other hand, ApeCoin surged by 135% on Monday as Yuga Labs debuted Apechain.
Meanwhile, Cutoshi, at the beginning of its price discovery, has gained more ground in the cryptocurrency market. As a hybrid MemeFi platform, Cutoshi (CUTO) is positioned to deliver explosive returns by the end of Q4.
Cutoshi’s Bullish Trends Continues
Cutoshi has witnessed massive interest in the broader crypto market. The project stands at the intersection of DeFi and memes, propelling it quickly to one of the most talked about projects in Q4. Cutoshi has delivered a 46% ROI after surging to $0.022 at stage two of its presale. Essentially, it has combined the essence of the Chinese Lucky Cat with Satoshi Nakamoto’s core principles of blockchain technology to build a robust ecosystem where decision-making powers and control lie in the hands of its users.
At the center of the ecosystem is the multichain DEX, which will allow easy and secure transactions between multiple blockchains. Besides that, Cutoshi’s Learning Academy will offer blockchain and cryptocurrency education for the masses to help them navigate their way through financial freedom. More importantly, it will create more awareness about the project. It will also launch Cutoshi Merch and NFTs to add vibrancy to its community.
Another interesting feature is its deflationary mechanism, which has set the project up for long term gains. Meanwhile, community members can also earn more token rewards when they complete challenges and quests through the Cutoshi farming protocol. The project has raised more than $550K in its ongoing presale as traders and investors continue to be bullish on the altcoin.
Bitcoin Price To Hit New ATH Late Q1 2025
Popular analyst Alex Santana shares positive sentiments for Bitcoin. His analysis indicated that Bitcoin’s price could hit a new ATH once the bullish action intensifies. He highlighted that the price of BTC is still on the path to testing its MA200 as a critical support area. With the crash wick still at play, it can activate a major bull market. The analyst insisted there wouldn’t be a long-term double top like in 2021.
He based his argument on the law of alternation, known from the Elliot Wave principle and Bitcoin’s history. This could make the next bull market dynamics interesting, suggesting traders consider these two scenarios. For one, a blow-off stop would mean a single peak, followed by the start of a bear market. If this price action starts early, the top can be reached in 5-6 months, marking the end of a bull market.
Source: TradingView
The next scenario is the blow-off top late in 2025. This will likely happen since Bitcoin peaks late in the bull market year. This will allow other altcoins to record new highs, giving Bitcoin ample time to develop a bullish wave. This would require multiple price surges, a repeat of the 2023 bull rally. Subsequently, the price of BTC would go full green and record a new ATH in late Q1 2025.
ApeCoin Price Could Form An Inverted Head And Shoulder Pattern
ApeCoin (APE) surged by 135% on Monday after launching an automatic yield mode, which enables users to earn passive returns by staking their APE Token. This was its highest peak since April. After this development, two APE whales transferred tokens worth $5.13 million and $6.95 million to various exchanges, reflecting potential profit-taking behavior.
Source: CoinMarketCap
The price of APE has since retraced and is trading at $1.12, down by over 6% in the past 24 hours. ApeCoin technical indicators suggest that the meme coin is still in a strong position. The recent upswing has resulted in a good entry zone for short positions. The price of ApeCoin could record similar sharp movement in the lower zones as seen in its upper zones. Traders are currently monitoring its CME gap.
In principle, the price of APE could still rally up to the $2 mark since its price action has the potential to form an inverted head and shoulders. However, traders must be cautious about entering long positions before APE’s price drops to $0.85.
Best Cryptos To Invest In: BTC, CUTO And APE
These three cryptocurrencies are undoubtedly on the brink of parabolic runs. However, investors need to conduct extensive research before investing in any cryptocurrencies.
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