Key points:

• Bitcoin ended up holding above the $100,000 level, but the risk of a crash remains until the price rises above $108,000.

• Several major altcoins are holding their support levels, but a faint rebound increases the risk of a crash.

Bitcoin (BTC) rose above $101,000, indicating that bulls are aggressively defending the $100,000 support. Several analysts say BTC could fall to near $100,000, but Bloomberg analyst Mike McGlone said in a post on X that BTC could fall to $56,000.

However, not everyone is bearish on BTC. JPMorgan analysts said in a report that BTC is trading below its fair value based on Bitcoin’s volatility ratio to gold. Analysts predict that BTC will rise to around $170,000 in the next six to 12 months.

Another positive factor for BTC may be the robust demand for BTC exchange-traded funds (ETFs). Brokerage giant Schwab Asset Management said in a recent report that 45% of its respondents expressed interest in purchasing a cryptocurrency ETF, which is on par with the number of investors who wanted to buy a bond ETF.

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

Bitcoin price prediction

BTC bulls successfully defended the $100,000 level at the end, but bears continue to apply pressure.

Buyers will need to push the price above the 20-day exponential moving average (EMA) ($107,925) quickly to signal strength. If they succeed, the BTC/USDT pair could climb to the 50-day uncomplicated moving average (SMA) ($112,464).

The bears probably have other plans. They will sell in rallies and try to break the price of Bitcoin below the $100,000 support. If this happens, the pair could start a deeper correction towards $87,800.

Ether price prediction

Ether (ETH) is witnessing a fierce battle between buyers and sellers at $3,350.

A faint recovery increases the risk of further declines. If the price drops from the current level or the 20-day EMA ($3,738) and falls below $3,057, it signals the beginning of a up-to-date downtrend. The price of ether could then drop to $2,500.

Buyers will have to push the price above the moving average to prevent a decline. The ETH/USDT pair may then climb to the channel resistance line, suggesting that the corrective phase may be over.

BNB Price Forecast

BNB (BNB) is trying to start a rebound, but the faint rebound suggests a lack of demand at higher levels.

The 20-day EMA ($1,049) has started to decline and the Relative Strength Index (RSI) is in negative territory, indicating that sellers are prevailing. If the price declines from the 20-day EMA, the bears will again try to push the BNB/USDT pair below $860. If they are successful, the pair could drop to $730.

On the contrary, if the $860 level holds and the bulls push the price above the 20-day EMA, the pair may form a range. The price of BNB can range from $860 to $1,183.

XRP price forecast

XRP (XRP) attempted to rebound from gains on Thursday, but the bulls failed to clear the hurdle at the 20-day EMA ($2.42).

Bears will try to push the price of XRP below $2.06. If they succeed, the XRP/USDT pair could resume its downtrend towards $1.90 and then reach solid support at $1.61.

Contrary to this assumption, if the price rises and breaks above the 20-day EMA, it signals demand at lower levels. The pair could then climb to the 50-day SMA ($2.63) and later to the downtrend line.

Solana price forecast

Buyers are trying to hold Solana (SOL) above the $155 level, but the shallow bounce suggests bears are selling on modest gains.

If the price drops and closes below $155, the SOL/USDT pair may begin another leg of its downward move. Solana price could drop to $126 and then solid support at $110.

On the contrary, if the price rises and goes above $164, the pair may reach the 20-day EMA ($179). The bulls will need to push the pair above the 20-day EMA to weaken the bears’ momentum.

Dogecoin price forecast

Dogecoin (DOGE) is trying to start a recovery, which will likely be met with a sell-off at the 20-day EMA ($0.18).

If the price drops from the 20-day EMA, it signals that sentiment remains negative and bears are selling on the upside. The DOGE/USDT pair could then fall to solid support at $0.14.

Conversely, if the price breaks above the 20-day EMA, the upside could reach $0.21. This move suggests that the price of Dogecoin may remain in the range of $0.14 to $0.29 for some time.

Cardano Price Forecast

Buyers successfully defended support at $0.50 in Cardano (ADA), but the recovery lacks strength.

Sellers will try to stop the support rally at the 20-day EMA ($0.61). If the price drops from the 20-day EMA, the risk of breaking below the $0.50 level increases. A close below $0.50 paves the way for a drop to $0.40.

Bulls will need to push Cardano price above the 20-day EMA to signal a comeback. The ADA/USDT pair may then climb to the $0.75 breakdown level and eventually to the downtrend line.

Related: XRP price falls despite Ripple’s announcement of increases: will $2 be next?

Hyperfluid price prediction

On Wednesday, buyers tried to push Hyperliquid (HYPE) above the 20-day EMA ($41.77), but the bears persisted.

The bulls are again trying to push the price of Hyperliquid above the moving averages. If they succeed, the HYPE/USDT pair could rise to $52. Buyers are expected to face significant selling pressure near the resistance at $52. If the price drops sharply from the upper resistance, the pair may consolidate in the $35.50 to $52 range for some time.

Sellers will need to drop the price below the $35.50 mark to gain an advantage. The pair could then drop to $30.50 and later to $28.

Chain link price prediction

Buyers are trying to launch a relief rally in Chainlink (LINK), but bears have prevented the price from closing above $15.43.

A shallow bounce increases the risk of further falls. If the price declines and falls below $13.69, it signals a resumption of the downward move. Chainlink price could drop to $12.73 and then to $10.94.

Instead, if the price closes above $15.43, the LINK/USDT pair could hit the 20-day EMA ($16.84). Bulls will need to push the price above the 20-day EMA to clear the way for a rally to the resistance line.

Zcash Price Forecast

Zcash (ZEC) has been trading lower over the past few days, signaling continued demand from bulls at every higher level.

The rally has pushed the RSI deep into overbought territory, signaling that upward movement is excessive in the near future. This suggests a possible pullback or consolidation, as vertical gains are rarely sustainable.

The first support on the downside is the 38.2% Fibonacci retracement level at $577, followed by the 50% retracement level at $524. If the ZEC price rebounds from the support, bulls will try to push the ZEC/USDT pair to $830.

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.