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The poll also split responses between Republicans, Democrats and independents, which generally found Republicans more optimistic for the year ahead than Democrats.
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Still, a larger share of respondents saw 2025 as more likely a “year of economic difficulty” amid a rising federal budget deficit and an increase in China’s power.
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Gallup said overall, this year’s predictions offered more positivity than they did in 2022, as 54% of respondents expect increasing or full employment and 52% predicted reasonable price growth.
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On the upside, a break and close above $104,088 will signal the resumption of the uptrend. The BTC/USDT pair could rally to $113,331 and, after that, to $125,000.
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A minor negative is that the relative strength index (RSI) is forming a negative divergence, indicating a weakening bullish momentum. Sellers will have to yank the price below the 20-day exponential moving average ($97,985) to open the doors for a fall to the 50-day simple moving average ($88,705).
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Bitcoin has been gradually moving toward the $104,088 overhead resistance, indicating a lack of aggressive selling by the bears.
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In the short term, if Bitcoin breaks and maintains above $104,088, select altcoins could charge higher. Let’s look at the top 5 cryptocurrencies with a strong chart structure.
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Another bullish voice was that of Bitcoin mining industry researcher Danny Marques, who studied Bitcoin’s three previous bull cycles. Marques believes that Bitcoin could reach between $173,646 and $461,135 in 2025, barring any macro deterioration like 2020.
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“Funding rates remain at very healthy levels. Nobody on my timeline seems to care,” he told X followers on Dec. 16, referring to the lack of overall attention being given to what are still much cooler conditions than during many previous price moves.
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CoinGlass further shows only slightly elevated funding rates for Bitcoin and altcoins, with largest global exchange Binance a notable exception for the former. For trader Jelle, the landscape is stable:
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Spikes in OI can cause market volatility to increase as traders make ever larger bets on price action and see their positions unravel when the market moves the other way.
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OI represents the combined value held in Bitcoin futures contracts, the aggregate total of long and short positions.
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Data from CoinGlass puts the Bitcoin futures OI tally at $67.38 billion as of Dec. 16 — up $4 billion in the past 24 hours.
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In the wake of the US elections in which Republican lawmakers won a trifecta in the presidency, House of Representatives, and Senate, crypto advocates seem to be pushing harder for the government to consider a strategic Bitcoin reserve — also one of Donald Trump’s campaign promises. Lawmakers in Brazil have issued similar calls to use the cryptocurrency as a hedge against economic risks.
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“I believe that consideration should be given to this matter, and I would like to hear the government’s views,” said Yamada in a translated statement. “Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?”
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A break and close above $4,000 could start the next leg of the uptrend. The pair could rally to $4,500. This positive view will be invalidated in the near term if the price turns down and breaks below the downtrend line.
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The bulls will try to push the price toward $4,000, but higher levels are likely to attract sellers. If the price turns down from the overhead resistance, it will point to a possible range formation in the near term. The ETH/USDT pair could remain stuck between $4,000 and the downtrend line for a while.
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Ether bounced off the downtrend line on Dec. 10, indicating that the buyers have flipped the level into support.
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Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will suggest that the bulls are booking profits. The pair may tumble to $90,000, a crucial support to watch out for.
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The bulls will have to drive the BTC/USDT pair above the $101,351 to $104,088 resistance zone to signal the resumption of the uptrend. The pair could then rally to $113,331 and later to $125,000.
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