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Bitcoin (BTC) 
$109,301 price has fallen below $101,000 before the U.S. market opens, currently sitting at $100,700. To maintain a bullish trend in cryptocurrencies, the price must reclaim the $103,000 level permanently. Upcoming Fed minutes could lead to temporary negativity, with significant U.S. data expected throughout the week.
NEAR Coin Insights
Despite the drop in BTC’s price, some altcoins are racing towards weekly peaks. With only 13 days left until Trump’s inauguration, many anticipate a larger rally supported by Trump in the first quarter of this year. Will NEAR Coin benefit from this momentum?
Although it has not rebounded as quickly as Solana 
$174 (SOL), which suffered significantly from the FTX collapse, NEAR Coin shows signs of recovery. Analyst Daan Crypto Trades remarked on the current situation:
“NEAR is maintaining its Daily 200MA/EMA level. To me, it looks like a significant consolidation before the next bullish phase. It needs to clear the ~$8 zone to pave the way for all-time highs. It’s still quite a distance away, but I love the higher time frame chart.”
NEAR Coin could reach above $20 again if successful, which implies several times increase from current levels.
Will the Crypto Surge Continue?
Increased net exchanges could supply more sellable inventory, thereby supporting price declines. However, we often observe accelerated upward movements during periods of negative BTC exchange flows. Kyle highlighted this in today’s assessment, suggesting that the time for a breakout may be ripe:
“Binance‘s Netflow SMA14 turned negative (-483) for the first time since December 25, 2024 – a potential bullish signal. With the current net flow at -5,407, it seems investors are accumulating again. Historically, such shifts align with upward price movements.”
ETH is currently not at levels that suggest we are in a major upward phase for altcoins. Carl noted in today’s assessment that ETH has reached its bullish target, and after consolidating in an upward channel, we may witness a downward breakout.
This movement could likely result in a retest of $3,500, which may not bode well for altcoins.
