Cryptology Key assessed possible scenarios for Bitcoin and altcoins.
Date: 2025-12-17 Author: Henry Casey Categories: CRYPTO PAYMENTS
At the beginning of the week, the cryptocurrency market came under pressure: on December 15, Bitcoin fell to the $85,300 region, while Ethereum temporarily dipped below $2,900. Most altcoins also experienced a correction, after which prices were only able to partially recover. Against this backdrop, Cryptology Key analyst Nickkk presented his perspective on the development of the main digital assets.
Looking at Bitcoin on the weekly timeframe, the expert notes the likelihood of a short value gap (FVG) test. In his opinion, the market could take one of two paths here: either form a classic short pattern with further declines, or invert this zone, opening up room for growth. The analyst emphasizes that final confirmation of this scenario will depend on the price's reaction to key levels.
On the daily chart, attention is focused on managing liquidity. Once this is removed, Nickkk plans to consider a full-fledged long entry. For now, short positions remain the priority, as the price remains within the current short zone. Only breaking through this zone could provide impetus for a move toward the weekly FVG.
Moving to shorter timeframes, the analyst allows for a short-term reaction in the long FVG zone, but overall, he is leaning toward a continuation of the short scenario. In his opinion, local pullbacks do not change the overall market structure as long as the price remains below key resistance levels.
Ethereum, according to Nickkk, appears more resilient compared to Bitcoin, but its dynamics remain highly dependent on the market leader. On the weekly chart, the structure remains relatively strong, but on the daily timeframe, it's important to wait for the candle to close to confirm or deny the fractal's removal. Until then, it's premature to talk about a full-fledged sweep.
On the four-hour Ethereum chart, a zone of interest in the form of short FVG stands out. The analyst recommends waiting for its test and the market's reaction. If the short pattern is confirmed, the position can be held until local lows are updated, and if the zone inverts, a growth scenario can be considered after the structure is formed.
Nickkk also focused on altcoins. In Chainlink, the price has entered a daily order block, where further direction will depend on the reaction to the level. Currently, the asset is between two significant zones, so the analyst prefers a wait-and-see approach until a clear momentum emerges. Despite local signs of long order flow, the proximity of the short zone makes buying risky.
The situation in Sui looks more optimistic: the price is holding within the daily long FVG, and the targets above the market remain. However, here too, the key factor will be either a zone inversion or a renewal of the lows, after which it will be possible to evaluate a sustainable long model.
Therefore, Cryptology Key's analysis boils down to a cautious approach: the market remains in a state of uncertainty, and confirmation of these scenarios is possible only after the price reacts to the designated zones of interest.
