Key Points:

• The failure of the bulls to hold Bitcoin above $94,050 resulted in renewed selling, opening the door to a decline to $87,700 and then to $84,000.

• Most major altcoins remain under pressure and are threatening to break past recent lows.

Bitcoin (BTC) is stuck in a narrow range between $94,588 and $89,260, indicating indecision between bulls and bears. Prediction markets don’t expect the bulls to take control any time soon, giving only a 30% chance that BTC will reach $100,000 before January 1.

According to cryptocurrency analyst Darkfost, BTC is struggling to recover due to the lack of incoming liquidity, especially from stablecoins. Cryptocurrency markets will need to attract up-to-date liquidity for BTC to start a “true uptrend.”

Some analysts expect BTC to fall below the recent low of $80,600. Trader Roman said in a post on X that BTC will likely fall to $76,000 and that falling interest rates will not be able to prevent it.

What key support and resistance levels should you watch for in BTC and major altcoins? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC’s recovery faces resistance at the 50% Fibonacci retracement level of $94,050, indicating that bears are dynamic at higher levels.

Support is at $87,700 and then $84,000. A break below the $84,000 level paves the way for a retest of the November 21 low at $80,600.

Buyers will need to push the Bitcoin price above the $94,050 resistance level to gain signal strength. The BTC/USDT pair may then climb to the 50-day uncomplicated moving average (SMA) ($97,411).

The upward move is expected to be met with significant selling in the zone between the 50-day SMA and the psychological level of $100,000. A close above $100,000 means the bulls are back in the game.

Ether price prediction

Ether (ETH) fell from $3,350 on Thursday, with bears trying to keep the price below the 20-day exponential moving average (EMA) ($3,125).

If they succeed, it means the bears are still selling out at rallies. The price of Ether may fall to $2,907 and later to $2,716. The ETH/USDT pair may resume its downtrend at a close below $2,623.

Conversely, if the price rises from the current level and breaks above the resistance at $3,350, it signals the beginning of a up-to-date upward move. The pair could rise to $3,918 and then to $4,250.

BNB Price Forecast

BNB (BNB) has been trading near the 20-day EMA ($892) for several days now, indicating a balance between buyers and sellers.

The flat 20-day EMA and RSI just below the mid-F point suggest it trades between $791 and $1,020 for the next few days.

Sellers will need to push the BNB price below $791 to start the next leg of the downtrend. The BNB/USDT pair could then drop to $730. On the other hand, a close above $1,020 means that the correction may already be over. The pair could then rise to $1,182, which could act as resistance.

XRP price forecast

XRP (XRP) is stuck inside a descending channel formation, which indicates that the bears are in control.

Bulls will need to push the XRP price above the 50-day SMA ($2.25) to indicate strength. The XRP/USDT pair may then rise to the downtrend line, which is an significant level to pay attention to. A close above the downtrend line signals that the bulls are back in the driver’s seat.

The bears will need to break the price below the $1.98 level to pave the way for a decline to the support line and then to the critical level at $1.61.

Solana price forecast

The long tail of Thursday’s Solana (SOL) candle shows that bulls are aggressively defending the $126 level.

Bulls will need to push Solana’s price above the 50-day SMA ($152) to signal a potential trend change in the near future. The SOL/USDT pair may then rise to $172 and then to $190.

On the other hand, a breakout and close below the $126 level signals a resumption of the downward move. The pair may fall to $100 and then to mighty support at $95.

Dogecoin price forecast

Dogecoin (DOGE) rejected the 20-day EMA ($0.14) on Wednesday, indicating bears are selling on any minor upside.

If the price continues to fall and closes below the $0.13 support, it signals the beginning of a up-to-date downward move. The DOGE/USDT pair could then drop to the October 10 low of $0.10, which is likely to attract buyers.

The first sign of strength will be a breakout and close above the 20-day EMA. This shows that the bulls are fiercely defending the $0.14 level. Dogecoin price may rise to the 50-day SMA ($0.16) and later to $0.19.

Cardano Price Forecast

Cardano (ADA) rejected the $0.50 breakdown level on Wednesday, indicating that bears are trying to turn the level into resistance.

A flat 20-day EMA ($0.44) and a negative relative strength index (RSI) indicate a slight advantage for the bears. Support is at $0.40 and then at $0.37. If sellers drag Cardano’s price below $0.37, the ADA/USDT pair could fall to $0.31 and potentially to the October 10 low of $0.27.

Buyers will need to push and sustain the price above the $0.50 level to signal a return. The pair may then rise to $0.60 and later to $0.70.

Related: Last time the price of ether increased by 260%: can ETH reach 5k? dollars?

Bitcoin Cash Price Forecast

Bitcoin Cash (BCH) emerged at the 20-day EMA ($560) on Thursday, indicating positive sentiment.

Bulls will look to push the Bitcoin Cash price above the $607 level and overcome the overall resistance at $651. Sellers are expected to defend the $651 level with all their might as a break above this level will open the door to a rally to $720.

The bears will need to push the price below the moving averages to gain an advantage. If they are successful, this suggests that the BCH/USDT pair could trade between $607 and $443 for some time.

Hyperfluid price prediction

On Thursday, sellers tried to lower the price of Hyperliquid (HYPE), but the long tail of the candlestick shows that bulls are buying.

The HYPE/USDT pair may hit the 20-day EMA ($31.91), which is a critical level to watch out for. If the price drops sharply from the 20-day EMA, the bears will again try to resume the downtrend.

On the contrary, a break above the 20-day EMA signals that selling pressure is easing. Hyperliquid’s price could then rise to its 50-day SMA ($37.23). A close above the 50-day SMA suggests that the corrective phase may be over.

Chain link price prediction

Chainlink (LINK) has been trading between moving averages for several days, indicating a balance between supply and demand.

After trading a narrow range, a widening of the range is likely to occur. If the price breaks and closes above the 50-day SMA ($14.71), it signals that the bulls have defeated the bears. The LINK/USDT pair could then rise to $19.06.

Alternatively, a edged decline below the 20-day EMA ($13.84) indicates that the bears remain in control. Chainlink price could then drop to solid support at $10.94, where buyers are expected to step in.

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