Key points:
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Bulls' failure to maintain Bitcoin above $94,050 has led to renewed selling, opening the door for a decline to $87,700 after which to $84,000.
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Most major altcoins remain under pressure and are threatening to surpass their recent lows.
Bitcoin (BTC) is in a good range between $94,588 and $89,260, indicating indecision between bulls and bears. Prediction markets don’t expect bulls to take over any time soon, so there is just a 30% likelihood of BTC reaching $100,000 before January 1st.
According to crypto analyst Darkfost, BTC is struggling to get well attributable to a scarcity of liquidity, especially from stablecoins. Crypto markets have to attract latest liquidity for BTC to trigger a “real uptrend.”
Daily view of crypto market data. Source: TradingView
Select analysts expect BTC to fall below the recent low of $80,600. Trader Roman said in a post on
What are the crucial support and resistance levels to look at out for in BTC and major altcoins? To discover, let's analyze the charts of the highest 10 cryptocurrencies.
Bitcoin price prediction
BTC’s recovery is facing resistance on the 50% Fibonacci retracement level of $94,050, suggesting that bears are lively at higher levels.
BTC/USDT each day chart. Source: Cointelegraph/TradingView
There is support at $87,700 after which at $84,000. A break below $84,000 opens the gates for a retest of the November 21 low of $80,600.
Buyers have to push Bitcoin price above the $94,050 resistance level to signal strength. The BTC/USDT pair could then rise to the 50-day easy moving average ($97,411).
The upward move is predicted to face significant selling in the world between the 50-day SMA and the psychological level of $100,000. An in depth above $100,000 suggests the bulls are back in the sport.
Ether price prediction
Ether (ETH) crashed from the $3,350 level on Thursday and bears are attempting to maintain the value below the 20-day exponential moving average ($3,125).
ETH/USDT each day chart. Source: Cointelegraph/TradingView
If they’ll do that, it suggests that the bears proceed to be sellers during rallies. Ether price could fall to $2,907 and later to $2,716. The ETH/USDT pair could resume its downtrend with a detailed below $2,623.
On the opposite hand, if the value rises from the present level and breaks the $3,350 resistance, it’ll signal the beginning of a brand new bullish move. The pair could rise to $3,918 after which to $4,250.
BNB price prediction
BNB (BNB) has been trading near the 20-day EMA ($892) for the past few days, suggesting a balance between buyers and sellers.
BNB/USDT each day chart. Source: Cointelegraph/TradingView
The flat 20-day EMA and the RSI slightly below the center point suggest a fluctuation throughout the range between $791 and $1,020 for the subsequent few days.
Sellers have to push BNB price below the $791 level to initiate the subsequent phase of the downtrend. The BNB/USDT pair could then collapse to $730. On the opposite hand, a detailed above $1,020 suggests that the correction could also be over. The pair could then rise to $1,182, which could act as resistance.
XRP price prediction
XRP (XRP) stays stuck throughout the descending channel pattern, suggesting that the bears are on top of things.
XRP/USDT each day chart. Source: Cointelegraph/TradingView
Bulls have to push XRP price above the 50-day SMA ($2.25) to point out strength. The XRP/USDT pair could then rally to the downtrend line, which is a vital level to look at out for. An in depth above the downtrend line signals that the bulls are back in charge.
The bears have to sink the value below the $1.98 level to pave the best way for a decline to the support line after which to the critical level of $1.61.
Solana price prediction
The long tail of Solana (SOL) candlestick on Thursday shows bulls aggressively defending the $126 level.
SOL/USDT each day chart. Source: Cointelegraph/TradingView
Bulls have to push Solana price above the 50-day SMA ($152) to signal a possible short-term trend reversal. The SOL/USDT pair could then rise to $172 after which to $190.
On the opposite hand, a break and shut below the $126 level signals the resumption of the downward move. The pair could fall to $100 after which to the strong support at $95.
Dogecoin price prediction
Dogecoin (DOGE) turned down from the 20-day EMA ($0.14) on Wednesday, suggesting that bears are selling on any small rally.
DOGE/USDT each day chart. Source: Cointelegraph/TradingView
If the value continues to say no and closes below the $0.13 support, it’ll signal the beginning of a brand new downward move. The DOGE/USDT pair could then fall to the October 10 low of $0.10, which is more likely to attract buyers.
The first sign of strength might be a break and shut above the 20-day EMA. This shows that the bulls are vigorously defending the $0.14 level. Dogecoin price could rise to the 50-day SMA ($0.16) and later to $0.19.
Cardano price prediction
Cardano (ADA) turned down from the $0.50 breakout level on Wednesday, suggesting that bears are attempting to convert the extent into resistance.
ADA/USDT each day chart. Source: Cointelegraph/TradingView
The flat 20-day EMA ($0.44) and the RSI in negative territory suggest a slight advantage for the bears. There is support at $0.40 after which at $0.37. If sellers push the Cardano price below $0.37, the ADA/USDT pair could fall to $0.31 and possibly the October 10 intraday low of $0.27.
Buyers have to push and hold the value above the $0.50 level to signal a comeback. The pair could then rise to $0.60 and later to $0.70.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) rose from the 20-day EMA ($560) on Thursday, indicating positive sentiment.
BCH/USDT each day chart. Source: Cointelegraph/TradingView
Bulls will aim to push the value of Bitcoin Cash above the $607 level and challenge the upper resistance at $651. Sellers are expected to defend the $651 level with all their might as a break above opens the door for an increase to $720.
The bears have to sink the value below the moving averages to realize the upper hand. If they succeed, it suggests that the BCH/USDT pair could fluctuate between $607 and $443 for a while.
Hyperliquid price prediction
Sellers tried to drag Hyperliquid (HYPE) lower on Thursday, however the long tail of the candle shows buying by the bulls.
HYPE/USDT each day chart. Source: Cointelegraph/TradingView
The HYPE/USDT pair could reach the 20-day EMA ($31.91), a critical level to look at out for. If the value drops sharply from the 20-day EMA, the bears will once more try to resume the downtrend.
On the contrary: a break above the 20-day EMA signals that selling pressure is easing. Hyperliquid price could then rise to the 50-day SMA ($37.23). An in depth above the 50-day SMA suggests that the correction phase could also be over.
Chainlink price prediction
Chainlink (LINK) has been trading between the moving averages over the past few days, suggesting a balance between supply and demand.
LINK/USDT each day chart. Source: Cointelegraph/TradingView
Tight range trading is more likely to be followed by range widening. If the value breaks and closes above the 50-day SMA ($14.71), it’ll signal that the bulls have overwhelmed the bears. The LINK/USDT pair could then rise to $19.06.
Alternatively, a pointy decline below the 20-day EMA ($13.84) suggests bears remain on top of things. Chainlink price could then fall to the solid support at $10.94, where buyers are expected to intervene.
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