Bitcoin bulls’ run to $45K creates tailwind for UNI, OP, TIA and STX.

The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a 52-week high, indicating risk assets will remain strong in the final few days of the year.

Some analysts believe that Bitcoin is finished with its rally in the short term and may turn upside down. Prominent analyst and social media analyst Matthew Hyland, in a post on X (formerly Twitter), warned that Bitcoin's decline below 51.81% could indicate a “closer to peak.”

Usually the first round of support in a new bull market is driven by the leaders, but after a significant move, profit booking begins and traders begin to see alternative opportunities. While Bitcoin is not rolling, several altcoins are starting to rise, indicating that there may be a shift in demand.

Could Bitcoin continue its move and reach $48,000 in the next few days? Will that increase interest in selected altcoins? Let's take a look at the charts of the top 5 cryptocurrencies that are likely to remain strong in the near future.

Bitcoin price analysis

Bitcoin strengthened in a tight range near the minor resistance at $44,700, indicating that the bulls are not rushing to the exit as they expect another leg up.

Upward moving averages and the Relative Strength Index (RSI) indicate that bulls will continue to command within the overbought zone. If the price breaks out of the current level and is above $44,700, it indicates the resumption of the increase. The BTC/USDT pair could climb to $48,000.

On the contrary, if the price falls below $42,821, the pair may drop to the 20-day exponential moving average ($40,608). This is an important level to watch because a breakout from the bottom suggests that the upside will remain intact, but a break below it would signal the start of a deep correction towards the 50-day simple moving average ($37,152).

The 4-hour chart shows that the bulls are trying to keep the price above the 20-EMA. If they can pull it off, the pair could raise more than $44,700. The move could rise to $48,000, which could serve as strong resistance.

Alternatively, if the price slips below the 20-EMA, it suggests profit booking by short-term traders. The pair may fall to the 38.2% Fibonacci retracement level to $41,993 and later to the 50% retracement level to $41,157.

Uniswap price analysis

Uniswap (UNI) rose above resistance above $6.70 on December 9, completing a double-bottom pattern.

The bears are trying to trap the bullish bulls by pulling the price back below $6.70. If they manage to do that, the UNI/USDT pair could drop down to the 20-day EMA ($6.10), a critical level to watch out for.

If the price bounces back from the 20-day EMA, the bulls will try to push the price above $6.70. If successful, the pair could jump to the $7.70 and eventually the $9.60 pattern target.

Conversely, a break below the 20-day EMA suggests that the breakout was a bull trap. The pair may sink towards the 50-day SMA ($5.32).

The reversal is trying to take support at the 20-EMA. If the price rises above $6.70, the possibility of a rally above $7.13 will increase. That could initiate the next uptrend towards $7.70.

Instead, if the 20-EMA fails to hold, the next stop could be $5.80. This is the necessary support for the bulls to defend because if it is violated, the pair can fall to $4.80.

Optimistic price analysis

After struggling for several days, the bulls pushed the bulls above the $1.87 strong overhead resistance on December 7, signaling the start of a new uptrend.

Usually the price retests the breakout level before starting a new trend. The bears will try to get the price back below $1.87, while the bulls will try to turn the level into support. If the price recovers from $1.87, the OP/USDT pair could rally to $2.30. A break above this resistance could take the price to $2.60.

If the price declines and falls below $1.87, this optimism may be worth it in the near term. The bears gain more ground on the slide below $1.60.

The price has risen from the 20-EMA, which indicates that the sentiment remains positive and traders are buying dips. The bulls will try to push the price above the area high at $2.30. If they succeed, the couple can start the next leg up.

Conversely, if the price declines from current levels and breaks below the 20-EMA, bulls suggest profit booking. That could pull the price down to the $1.87 breakout level. This phase is likely to witness a fierce battle between bulls and bears.

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Celestial value analysis

Celestia (TIA) rose from $1.90 on October 31 to $11.50 on December 6. This sharp increase may have tempted short traders to take profits near $11.50, leading to a pullback.

The bulls are trying to defend the 38.2% Fibonacci retracement level at $9.01. Buyers need to drive the price above $10.50 to clear the way for a $11.50 retest. A break and close above this level may initiate the next leg of the uptrend. The TIA/USDT pair may rise to $14 and then to $16.

Conversely, if the $9.01 level is breached, the pair may slide towards the 20-day EMA ($7.75). If the price bounces back from this level, it suggests that the upside remains intact, but a break below it could indicate a trend reversal in the short term.

The bulls are trying to protect the 50-SMA, but failure to sustain the rebound will increase the possibility of a breakdown. If the 50-SMA gives way, the pair could fall to the $8.25 50% retracement level. The flat 20-EMA and RSI near the midpoint suggest range-bound action in the near term.

To maintain the positive momentum, buyers need to press the price above the low line. The pair may test the $11.50 rally.

Stack price analysis

The stack (STX) is trending higher. The bulls are trying to stop a retracement to the 38.2% Fibonacci retracement level near $0.99, which is a positive sign.

A shallow retracement indicates that bulls are eager to buy on dips. That raises the possibility of retesting the local high at $1.25. The bears are expected to mount a strong resistance in the zone between $1.25 and $1.31, but if the buyers clear, the STX/USDT pair can extend to $1.60.

The immediate support on the lower side is at $0.96. If this level is breached, the pair could retrace to the 20-day EMA ($0.87). Such a deep decline can delay the start of the next uptrend.

The pair is finding support near the 50-SMA, which indicates that lower levels will continue to attract buyers. The resistance to the upside is $1.08. If the bulls overcome this hurdle, the pair could retest the local high at $1.26.

The 20-EMA is slowly going down, and the RSI is near the midpoint, which shows that there is little benefit for the bears. A break below $0.96 and a close to the 50% retracement level at $0.92 could open the door for further declines.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.