Key points:
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Bitcoin continues to face selling during minor rebounds, indicating negative sentiment.
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Several altcoins have declined from overall resistance levels, indicating that bears are active at higher levels.
Bitcoin (BTC) continues to face selling during rallies, with bears attempting to push the price below $66,000. However, some analysts believe the downsides could be limited.
Analyst Willy Woo said in an article on X that sales may be exhausted and BTC will likely enter a period of consolidation. He expects the rebound to be rejected at the mid-$70,000 level. Woo predicts that the downtrend will end in the fourth quarter of this year and the bullish momentum will begin in the first or second quarter of 2027.
Another positive sign in favor of the bulls is that BTC exchange-traded funds have started attracting investors. BTC ETFs have seen $1.01 billion in inflows since Tuesday, according to SoSoValue data.
Analysts also expect Ether (ETH) to remain sideways for a while. Swyftx senior analyst Pav Hundal told Cointelegraph on Thursday that ETH could remain “moderate over the coming weeks” and that in the medium term it could test even “the most experienced investors.”
Could BTC and some major altcoins maintain their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC’s relief rally risks selling off at the 20-day exponential moving average ($68,895), indicating negative sentiment.
The BTC/USDT pair has formed a symmetrical triangle, which generally acts as a continuation pattern. If Bitcoin price continues to decline and breaks below the support line, the $60,000 level is likely to collapse. If this happens, the pair could plunge to the next major support at $52,500.
The first sign of strength will be a close above the resistance line. The pair could then rebound to the breakout level of $74,508. This is a crucial level for bears to defend, as a close above $74,508 suggests the price may have bottomed at $60,000.
Ether Price Prediction
Buyers pushed ETH above the $2,111 resistance on Wednesday but were unable to sustain the breakout.
Ether price declined sharply from the $2,111 resistance, indicating that bears are vigorously defending the level. This suggests that the ETH/USDT pair could extend its stay in the $1,750-$2,111 range for some time.
The next trend move is expected to begin at a close above $2,111 or below $1,750. If the $1,750 level breaks out, the next stop will likely be $1,537. Alternatively, a close above $2,111 could push the pair towards the 50-day SMA ($2,494).
XRP Price Prediction
XRP (XRP) remains stuck between the 20-day EMA ($1.44) and the support line of the descending channel pattern.
Sellers will attempt to push the XRP price below the support line, but will likely encounter strong resistance from the bulls. If the price rebounds strongly from the support line, the bulls will once again try to push the XRP/USDT pair above the 20-day EMA. If they succeed, the pair could rebound to the 50-day SMA ($1.67) and then towards the downtrend line.
Conversely, a breakout and close below the support line puts the February 6 low at $1.11 at risk of a breakout. The pair could then fall to psychological support at $1.
BNB Price Prediction
Sellers are trying to stop BNB’s (BNB) recovery at the 20-day EMA ($638), but the bulls kept up the pressure.
This shows greater potential for a breakout above the 20-day EMA in the near term. The BNB/USDT pair could bounce up to $669 and then to the breakout level of $730.
This bullish view will be negated in the short term if the price declines sharply from the 20-day EMA and breaks below the $570 support. This signals the resumption of the downtrend towards psychological support at $500.
Solana Price Prediction
Solana (SOL) broke above the 20-day EMA ($86) on Wednesday, but the bears halted the recovery at the $95 level.
Sellers lowered the price below the 20-day EMA, opening the doors for a decline to the $75 level. If the price rebounds strongly from the $75 level, it suggests that the bulls are attempting to form a higher low. The SOL/USDT pair could then consolidate between $75 and $95 for a few days.
Contrary to this assumption, a close below the $75 level suggests that the bears remain in control. Solana price could then fall to the February 6 low of $67.
Dogecoin Price Prediction
Dogecoin (DOGE) broke above the 20-day EMA ($0.10) on Wednesday, but the bulls were unable to sustain the higher levels.
Sellers will attempt to push Dogecoin price below the $0.09 support. If they succeed, the DOGE/USDT pair could retest the February 6 low at $0.08. A strong bounce from the $0.08 level signals a possible range formation. The pair could hover between $0.08 and $0.12 for some time.
The bulls will be back in control after pushing the price above the $0.12 resistance. This opens the door for a rally to $0.16.
Bitcoin Cash Price Prediction
Buyers pushed Bitcoin Cash (BCH) above the $500 level on Wednesday and Thursday, but the long wick on the candlesticks shows selling at higher levels.
Sellers will attempt to push Bitcoin Cash price down to strong support at $443, which is a critical support to watch. If the price closes below $443, the BCH/USDT pair will complete a bearish head and shoulders pattern. This could trigger a further downtrend towards $380.
Buyers will need to quickly push the price above the moving averages to avoid a decline. If they do, the pair could reach $580.
Related: Bitcoin at $30,000? Analysts debate when and price BTC will bottom
Hyperliquid price prediction
Hyperliquid (HYPE) has been trading in a wide range between $20.82 and $36.77 over the past few days.
The flattening of the moving averages and the RSI near the midpoint do not give a clear advantage to either the bulls or the bears. If the price holds above the 20-day EMA ($29.07), the HYPE/USDT pair could rise to $32.50 and later to the strong overhead resistance of $36.77.
On the downside, the bears will need to pull the hyperliquid price below the $25.62 support to gain the upper hand. This opens the way for a decline towards strong support at $20.82. A break above $36.77 or below $20.82 is likely to trigger the next trend move.
Cardano Price Prediction
Cardano (ADA) broke the 20-day EMA ($0.28) hurdle on Wednesday, but the bulls were unable to clear the 50-day SMA ($0.31) hurdle.
A positive sign in favor of the bulls is that they are trying to stop the pullback at the 20-day EMA. If the price rises from the 20-day EMA, buyers will again try to overcome the barrier on the downtrend line. If they succeed, the ADA/USDT pair could rise towards $0.44. Such a development suggests a change in trend in the short term.
Instead, if Cardano price breaks and closes below the 20-day EMA, it indicates that the bears are active at higher levels. This could keep the pair in the descending channel for some more time.
Chainlink Price Prediction
Chainlink (LINK) broke above the 20-day EMA ($9) on Wednesday, but bulls are struggling to maintain higher levels.
Sellers will attempt to bring Chainlink price back to the strong support of $8. Buyers should defend the $8 level with all their might, as a close below could send the LINK/USDT pair tumbling to the February 6 low of $7.15.
This negative view will be invalidated in the short term if the price rises and closes above the 20-day EMA. The bulls will then attempt to propel the pair towards the overhead resistance zone of $10.94 to $11.61.
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