Bitcoin loses the key level of 100,000. dollars, probably ending the bull market in cryptocurrencies

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Key points:

  • Bitcoin has broken below psychological support at $100,000, opening the gates to a potential selloff to $87,800.

  • Several major altcoins are approaching support levels but have failed to rebound with strength, increasing the risk of a crash.

Bitcoin (BTC) looks tender in the near term as bears push the price even further below the psychological $100,000 level. BTC’s continued weakness dragged the Crypto Fear & Greed Index into the “extreme fear” category on Thursday with a score of 15//100, its lowest level since early March.

Bitwise Chief Investment Officer Matt Hougan told Cointelegraph that if BTC surged in value in overdue 2025 and then had a pullback, it would fit the four-year cycle thesis. Failure to do so will ensure BTC has a robust 2026, driven by positive fundamentals.

A daily view of cryptocurrency market data. Source: TradingView

Another bullish projection comes from Santiment, who in a post on X stated that the negative BTC crowd suggests that the point of capitulation is near. A “surprise November rally” could occur when stronger hands scoop up cryptocurrencies sold by weaker hands. He added that “it’s not a matter of if, but when next.”

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

Sellers are trying to take control by keeping BTC below the psychological support of $100,000.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The falling 20-day exponential moving average ($104,850) and the relative strength index (RSI) near the oversold area indicate that the path of least resistance is down. Any attempt to recover the property will likely result in a sale of $100,000. If the price falls below $100,000, it means that the bears have turned the level into resistance. This suggests a return to the downward trend.

The support is set at $92,000 but could be surpassed. The BTC/USDT pair could then drop to $87,800. Buyers will need to push the price above $107,000 to indicate a potential trend change.

Ether price prediction

The failure of bulls to push Ether (ETH) above the 20-day EMA ($3,567) attracted sellers on Thursday, pulling the price below the support at $3,350.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will look to leverage their advantage by dragging the Ether price below the $3,050 support. If they are successful, selling could accelerate and the ETH/USDT pair could fall towards $2,500.

Bulls will need to push and hold the price above the 20-day EMA to signal strength. The pair may then climb to the 50-day plain moving average ($3,930), where bears are expected to enter.

XRP price forecast

On Thursday, buyers tried again to push XRP (XRP) above the 50-day SMA ($2.56), but the bears persisted.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The XRP/USDT pair may challenge the support at $2.06, which is at risk of breaking. If this happens, the price of XRP could drop to $1.90 and then to the key support at $1.61.

Any attempt at a recovery is expected to result in selling at the 50-day SMA and then at the downtrend line. A close above the downtrend line signals that the bulls are back in the driver’s seat. The pair could then rise to $3.20.

BNB Price Forecast

BNB (BNB) is gradually falling towards the $860 level, which is a critical near-term support level to watch.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The falling 20-day EMA ($1,004) and RSI near the oversold zone suggest that the BNB/USDT pair is at risk of breaking below $860. If this happens, the price of BNB could drop to $730.

Instead, if the price surges from $860 and breaks above the 20-day EMA, it indicates a possible range formation. The pair may fluctuate in a wide range from $860 to $1,183 for some time.

Solana price forecast

Solana (SOL) closed below the $155 level on Wednesday and continued to fall below the $145 support level on Thursday.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

There is minor support at $137, but it will likely be broken. If this happens, the SOL/USDT pair could drop to $126 and eventually hit solid support at $110, where buyers are expected to step in.

The 20-day EMA ($166) remains a key overall resistance level to pay attention to. Buyers will need to break the 20-day EMA to signal a reversal. Solana’s price could then rise to the 50-day SMA ($191).

Dogecoin price forecast

Dogecoin (DOGE) is gradually sliding towards the lower end of the $0.14 to $0.29 range, indicating that selling pressure remains intact.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Buyers are expected to fiercely defend the $0.14 support as a break below this support could start a novel downtrend towards the October 10 low of $0.10.

Buyers have a tough task ahead of them. They will need to push Dogecoin’s price above the 20-day EMA ($0.17) quickly to suggest that the selling pressure is easing. The DOGE/USDT pair may then rise to $0.21. A close above the $0.21 resistance indicates that the pair may extend its stay in this range for a few days.

Cardano Price Forecast

Cardano (ADA) fell to the $0.50 level, where buyers are expected to mount a vigorous defense.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If the price rises from its current level and rises above the 20-day EMA ($0.58), it suggests that selling pressure is decreasing. The ADA/USDT pair could then rise to the 50-day SMA ($0.67) and later to $0.74.

Conversely, if the price continues to fall and breaks above the $0.50 level, this signals the beginning of the next part of the downtrend. Cardano’s price could drop to $0.40 and below that to the October 10 intraday low of $0.27.

Related: Here’s what happened in crypto today

Hyperfluid price prediction

Buyers are trying to keep Hyperliquid (HYPE) above the support at $35.50, but bears continue to apply pressure.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Both moving averages are falling and the RSI is in the negative area, indicating that the bears are maintaining their advantage. If the $35.50 support level breaks, the HYPE/USDT pair could drop to $30.50 and later to $28.

Bulls will need to push and sustain Hyperliquid price above the 50-day SMA ($42.23) to signal strength. The pair could then rise to $52, where bears are expected to sell aggressively.

Chain link price prediction

Chainlink (LINK) has gradually slipped near the significant support at $13.69, indicating negative sentiment.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will attempt to resume the move lower, bringing the price below $13.69. If they succeed, the LINK/USDT pair could drop to $12.73 and then to $10.94. Buyers are expected to defend the $10.94 level with all their might as a break below that level could push Chainlink’s price down to $7.90.

The RSI is showing early signs of forming a positive divergence, but bulls will need to push the price above the 20-day EMA ($16.05) to gain strength. The pair can then rally to the resistance line.

Bitcoin Cash Price Forecast

Over the past few days, buyers have repeatedly tried to push Bitcoin Cash (BCH) above the 50-day SMA ($529), but the bears have not relented.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are trying to pull the Bitcoin Cash price to solid support at $443. If the price rebounds from the current level or rebounds from the $443 level, the bulls will again try to overcome the obstacle at the resistance line. If they succeed, the BCH/USDT pair could start a novel uptrend to $580 and then $615.

Alternatively, a break below the $443 level opens the door to a decline to the falling wedge support line.

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.

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