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Home»Analysis»Bitcoin and Altcoin Rallies Suppressed by Selling Near Highs
Analysis

Bitcoin and Altcoin Rallies Suppressed by Selling Near Highs

January 9, 2026No Comments
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Key points:

  • Bitcoin bulls will need to successfully defend the moving averages to increase the possibility of a breakout above $95,000.

  • Most major altcoins have declined from their resistance levels, indicating that bears are active at higher levels.

Buyers are trying to keep Bitcoin (BTC) above the $90,000 level, but bears continue to exert pressure. Keith Alan, co-founder of Material Indicators, said in an article on X that BTC could fall to the $87,500-89,000 support zone. An even lower target was projected by trader Roman, who expects a decline to the $76,000 level.

However, Ki Young Ju, CEO of CryptoQuant, said in an article on X that BTC is unlikely to see a 50% collapse from its all-time high, similar to previous bear markets. He expects BTC to remain “sideways over the coming months.”

Daily view of crypto market data. Source: Trading View

From a longer-term perspective, there are positive signs for the bulls. According to Jesse Myers, head of Bitcoin strategy at Smarter Web Company, BTC has seen gains of 95% on average in the year following a down year. If history repeats itself, 2026 could be a positive year for BTC, following the 6.33% decline recorded in 2025.

Could BTC and major altcoins bounce back from their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin Price Prediction

BTC returned to the moving averages, indicating that bears are aggressively defending the $94,789 level.

BTC/USDT daily chart. Source: Cointelegraph/Trading View

Both moving averages are flattening and the relative strength index (RSI) is at the midpoint, indicating a balance between supply and demand. The advantage will tilt in favor of the bulls if they push Bitcoin price above the $94,789 resistance. The BTC/USDT pair could then skyrocket to the psychological level of $100,000.

Instead, if the price drops below the moving averages, it indicates that the pair could remain in the $84,000-$94,789 range for a few more days. Sellers will be back in control if it closes below $84,000.

Ether Price Prediction

Ether (ETH) remains inside the symmetrical triangle pattern, indicating uncertainty about the next directional move.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If Ether price rises from the moving averages and breaks above the resistance line, it suggests that the bulls have dominated the bears. The ETH/USDT pair could reach $3,659 and then $4,000.

Conversely, if the price continues to decline and breaks below the support line, it indicates that the advantage has tilted in favor of the bears. The pair could then plunge to $2,623 and then to $2,111.

XRP Price Prediction

Sellers successfully defended the downtrend line and pulled XRP (XRP) towards the moving averages.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The ascending 20-day exponential moving average ($2.04) and the RSI in the positive zone signal that buyers have an advantage. If the price rebounds strongly from the moving averages, the possibility of a breakout above the downtrend line increases. If this happens, the XRP/USDT pair could rally towards $2.70, signaling a change in trend.

Alternatively, a decline below the moving averages suggests that XRP price could remain in the descending channel pattern for a while longer.

BNB Price Prediction

BNB’s (BNB) pullback from the $928 level finds support at the moving averages, indicating that the bulls are active at lower levels.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will attempt to push BNB price above the $928 level, completing a bullish ascending triangle pattern. If they do, the BNB/USDT pair could rebound towards the $1,066 target.

Contrary to this assumption, if the price falls below the moving averages, it suggests a lack of demand at higher levels. The pair could fall to the uptrend line and then to the $790 support.

Solana Price Prediction

Solana (SOL) rebounded from the moving averages on Thursday, indicating that declines are viewed as a buying opportunity.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will attempt to strengthen their position by pushing Solana price above the $147 level. If they succeed, the SOL/USDT pair could rise as high as $172. This suggests that the corrective phase may be over.

This positive view will be invalidated in the short term if the price declines from the current level or overhead resistance and crosses below the moving averages. The pair could then fall to $117.

Dogecoin Price Prediction

Dogecoin (DOGE) declined from the $0.16 resistance on Tuesday and reached the moving averages.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.14) is gradually increasing and the RSI is just above the midpoint, indicating a slight advantage for buyers. A close above the $0.16 level suggests that the market has rejected the break below the $0.13 support. The DOGE/USDT pair could then rise to $0.19.

On the contrary, a break below the moving averages indicates that Dogecoin price could remain in a range between $0.12 and $0.16 for some time. The next leg of the downtrend could begin with a close below $0.12.

Cardano Price Prediction

Cardano (ADA) has returned to moving averages, which should provide strong support.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If Cardano price rebounds from the moving averages, the likelihood of a rally to the $0.50 breakout level increases. Sellers should aggressively defend the $0.50 level, as a break above indicates a potential trend change.

On the downside, a break below the $0.37 support suggests that the bears continue to exert pressure. The ADA/USDT pair could then go down to the $0.33 level, which is likely to attract buyers.

Related: Bitcoin RSI hints at BTC price rebound from $105,000 as bullish signals multiply

Bitcoin Cash Price Prediction

Bitcoin Cash (BCH) appeared off the 20-day EMA ($613) on Thursday, indicating demand at lower levels.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The ascending moving averages and the RSI in positive territory indicate that the bulls have the upper hand. The buyers will strive to push the Bitcoin Cash price above the $670 level. If they succeed, the BCH/USDT pair could climb towards the strong overhead resistance at $720.

The first sign of weakness will be a close below the moving averages. This suggests that the break above $631 could be a bull trap. The pair could then collapse towards $518.

Chainlink Price Prediction

Chainlink (LINK) is witnessing a tough battle between the bulls and bears near the moving averages.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

If the price rebounds strongly from the moving averages, the bulls will attempt to propel the LINK/USDT pair above the $14.98 resistance. If they succeed, the price of Chainlink could rally up to $17.66.

On the other hand, if the price drops below the moving averages, it suggests that the pair could oscillate in the $11.61 to $14.98 range for a few more days. Sellers will need to drop the price below the $10.94 support to gain control.

Hyperliquid price prediction

Hyperliquid (HYPE) declined from the 50-day simple moving average ($28.48) on Wednesday and fell below the 20-day EMA ($26.21) on Thursday.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The next downside support is at the uptrend line. If the price rises sharply from the uptrend line, it suggests that bulls are buying on a dip. The HYPE/USDT pair could then reach overhead resistance at $29.37.

Conversely, if the price continues to decline and crosses below the uptrend line, it indicates that the bulls have given up. The hyperliquid price could then fall to the $22.19 level, where buyers should intervene.