Key Points:

• Bitcoin attempted to rebound on Tuesday, but bears put pressure on intraday highs at Wednesday’s market open.

• Several altcoins are falling towards critical support levels, signaling that the bears remain in control.

Buyers are trying to keep Bitcoin (BTC) above the $90,000 level, but bears continue to apply pressure. BTC spot funds recorded $372 million in outflows on Tuesday, extending their withdrawal streak to five days, according to data from Farside Investors. This suggests that sentiment remains negative and investors are wary of a decline.

Morgan Creek Capital founder Mark Yusko said in an interview with Cointelegraph that BTC has entered a bear market but expects a milder correction compared to previous bear cycles. It expects institutional adoption, reduced leverage, the broader macro environment and fiat currency depreciation to act as long-term enablers.

Several other analysts are more positive in the low term, expecting BTC sales to decline soon. BitMine CEO Tom Lee said in an interview with CNBC that the downside is showing signs of exhaustion, and Tom Demar of Demar Analytics expects BTC to bottom “sometime this week.”

How Far Can BTC and Major Altcoins Fall? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC fell below the $90,000 level on Tuesday, but the bulls bought out the decline, as seen by the long tail of the candlestick.

The bears have no intention of giving up, selling the rally and trying to push the Bitcoin price below $89,253. If they are successful, the inheritance could be $87,800 and then $83,000.

Any attempt to recover is expected to involve sales at the psychological level of $100,000. If the price drops from the $100,000 level, it suggests that the bears have turned the level into resistance. This increases the risk of further deterioration.

Buyers will need to push and hold the BTC/USDT pair above the $100,000 resistance to signal a reversal.

Ether price prediction

Ether (ETH) is witnessing a fierce battle between buyers and sellers near the $3,000 level.

Any relief rally is expected to trigger a significant sell-off at the 20-day exponential moving average ($3,365). If the price drops sharply from the 20-day EMA, the risk of a break below $2,946 increases. The ETH/USDT pair may then fall towards $2,500.

Alternatively, a break and close above the 20-day EMA suggests that markets have rejected a break below $3,350. The price of ether may then rise to the 50-day basic moving average ($3,824).

XRP price forecast

Buyers tried to start a rebound in XRP (XRP) on Tuesday, but bears were selling higher.

The bears will try to bring the XRP/USDT pair to the support line of the descending channel pattern, which is a key level to watch out for. If the XRP price rebounds from the support line and breaks above the 20-day EMA ($2.31), it suggests that the pair may remain in the channel for some time to come.

On the other hand, a breakout and close below the channel could open the door to a decline to the key support at $1.61.

BNB Price Forecast

Buyers are trying to keep BNB (BNB) above the $860 level, but bears continue to apply pressure.

The bears will try to sink the BNB price below the $860 support and deepen the correction to $730.

Conversely, if the price rises and breaks above the 20-day EMA ($971), it suggests that sellers are losing control. The BNB/USDT pair could rise to $1,019 and then to the 50-day SMA ($1,078). Such a move signals possible action in the $860 to $1,183 range for some time.

Solana price forecast

Solana (SOL) bounced back from $126 support on Tuesday, but support rallies are being sold.

The bears will again try to push the price below the support level of $126. If they are successful, Solana’s price could fall towards the next major support level at $95.

Conversely, if the price rises from its current level of $126 and rises above the 20-day EMA ($154), it suggests that the bulls are trying to make a comeback. The SOL/USDT pair may then climb to the 50-day SMA ($183), which will likely attract sellers again.

Dogecoin price forecast

Dogecoin (DOGE) rose from $0.15 on Tuesday, but the shallow rebound indicates a lack of aggressive buying by bulls.

Sellers will try to push the Dogecoin price down to $0.14, where buyers are expected to step in. A positive divergence in the RSI suggests that selling pressure is decreasing and an augment in relief is possible. Buyers will need to break the DOGE/USDT pair above the 20-day EMA to gain strength. The pair could then climb to the 50-day SMA ($0.19).

On the contrary, a break below the $0.14 support could intensify selling, dragging the pair to the October 10 low of $0.10.

Cardano Price Forecast

Cardano (ADA) extended its decline below the $0.50 level, indicating that the bears remain under control.

There is minor support at $0.45, but if the level breaks, the ADA/USDT pair could drop to $0.40. Cardano price may see a bounce from $0.40, but will likely trade at $0.50. If the price drops from $0.50, it suggests that the bears have turned the level into resistance. The pair could then fall towards the October 10 intraday low of $0.27.

Buyers will need to push the price above the 20-day EMA ($0.54) to indicate that selling pressure is easing. The pair could then rise to the 50-day SMA ($0.64) and later to $0.74.

Related: Here’s what happened in crypto today

Hyperfluid price prediction

Hyperliquid (HYPE) hit its 50-day SMA ($41.51) on Tuesday, but the bulls failed to break that barrier.

The price has dropped and bears are trying to pull the HYPE/USDT pair below the $35.50 support. If they succeed, sales could accelerate and the price of Hyperliquid could drop to $28.

The first sign of strength will be a breakout and close above the 50-day SMA. The pair could then rise to $44 and later to $52, where the bears are expected to provide a robust defense.

Bitcoin Cash Price Forecast

On Tuesday, the bulls tried to push Bitcoin Cash (BCH) above the resistance line, but the bears held their ground.

The price of Bitcoin Cash plummeted and fell below the moving averages. Sellers will look to strengthen their position by taking the price below the support at $443. If they succeed, the BCH/USDT pair could fall to the support line.

Bulls will need to push and hold the price above the resistance line to signal that the corrective phase may end. The pair could then rise to $580 and then to $615.

Zcash Price Forecast

Zcash (ZEC) is facing solid resistance at $750, but bulls have not allowed the price to fall below the 20-day EMA ($536).

Rising moving averages point to an advantage for buyers, but a negative divergence on the RSI shows that momentum is slowing. This increases the risk of a breakout below the 20-day EMA. If this happens, the ZEC/USDT pair could drop to $424.

Buyers will need to defend the 20-day EMA if they want to maintain their advantage. If the Zcash price rises from its current level or rebounds with force from the 20-day EMA, the bulls will once again try to push the pair above $750.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.