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Home»Analysis»Crypto Rally Stagnates as BTC Falls Below $98,000: Will the Dip Buyers Arrive?
Analysis

Crypto Rally Stagnates as BTC Falls Below $98,000: Will the Dip Buyers Arrive?

January 17, 2026No Comments
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Key points:

  • Bitcoin is attempting to find support near the $94,500 level, signaling positive sentiment.

  • Buyers will need to defend support levels in some major altcoins or the rally could run out of steam.

The slight pullback in Bitcoin (BTC) is attempting to find support near the $94,500 level, indicating a lack of aggressive selling from the bulls. A positive sign is that BTC’s rally above $97,500 has been supported by strong buying from institutional investors since Monday. According to data from Farside Investors, BTC spot exchange-traded funds saw $1.81 billion in net inflows this week.

BitMEX co-founder Arthur Hayes said in a post on Wednesday that BTC will regain momentum in 2026 as dollar liquidity increases in 2026. Hayes added that as dollar liquidity increases rapidly, “BTC will follow.”

Daily view of crypto market data. Source: Trading View

Although short-term signals point to a possible rally above the psychological $100,000 level, traders should be vigilant. Daan Crypto Trades said in an article on

Are BTC and major altcoins likely to resume their relief rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin Price Prediction

BTC broke through the $96,846 resistance on Wednesday, but the bulls were unable to sustain the higher levels. The price fell back below the breakout level on Thursday.

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

A small positive in favor of the bulls is that they have not given up much ground. If the price rises from the current level and exceeds $97,925, it signals the resumption of the rise. The BTC/USDT pair could bounce as high as $107,500, with a minor stop at $100,000.

This positive view will be invalidated in the short term if the Bitcoin price declines and falls below the 20-day exponential moving average (EMA) ($92,083). The pair could then fall to the 50-day simple moving average (SMA) ($90,127).

Ether Price Prediction

Ether (ETH) bulls attempt to keep the price above the resistance line, but bears continue to exert pressure.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Moving averages are the crucial support to watch on the downside. If the price rebounds from the moving averages, the bulls will attempt to drive the ETH/USDT pair to $3,659 and then to $4,000.

Alternatively, a close below the moving averages suggests that the breakout above the triangle may have been a bull trap. The price of Ether could then plunge to the support line. Buyers will attempt to defend the support line, as a break below will tilt the advantage in favor of the bears. The pair could then collapse to $2,623.

XRP Price Prediction

XRP (XRP) rose against the moving averages on Tuesday, but the rebound collapsed on Wednesday, indicating a sell-off with each minor rally.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The bears will attempt to push the XRP price below the 50-day SMA ($2.01). If they succeed, this suggests that the XRP/USDT pair could remain in the descending channel pattern for some time to come.

Bulls will need to push the price above the downtrend line to signal a potential near-term trend change. The pair could then rise to $2.70. On the other hand, a close below the support line could send the pair falling towards the October 10 low at $1.25.

BNB Price Prediction

BNB (BNB) is witnessing a fierce battle between the bulls and bears at the breakout level of $928.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The rising 20-day EMA ($903) and the Relative Strength Index (RSI) above level 61 indicate that the bulls have the upper hand. If BNB price moves from $928, it suggests that buyers have flipped the level towards support. This improves the prospects of a rally towards the $1,066 target.

On the contrary, if the price falls below the moving averages, it indicates that the breakout above the $928 level could be a bull trap. The BNB/USDT pair could then descend to the uptrend line.

Solana Price Prediction

Solana (SOL) declined from the $147 level on Thursday, but a positive sign is that the bulls did not give up much ground to the bears.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The rising 20-day EMA ($137) and RSI in positive territory suggest that buyers are in control. This increases the likelihood of a break above the $147 resistance. The SOL/USDT pair could then climb towards $172.

Sellers will need to drop the price below the 50-day SMA ($132) to weaken the bullish momentum. The Solana price could then remain in the range of $117 to $147 for a few more days.

Dogecoin Price Prediction

Dogecoin (DOGE)’s rebound from moving averages on Tuesday failed to reach overhead resistance at $0.16, signaling a lack of demand at higher levels.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The flattening of the moving averages and the RSI near the midpoint suggest that the DOGE/USDT pair could form a range in the short term. If Dogecoin price falls below the moving averages, the pair could drop to $0.13 and then to $0.12.

Buyers will need to push the price above the $0.16 level to take control. If they do, the pair could rally back to $0.20. Such a move indicates that the market has rejected the break below $0.13.

Cardano Price Prediction

Cardano (ADA) moved back from the downtrend line on Wednesday, indicating that the bears are active at higher levels.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

There is minor support at $0.38, but if the level breaks, the ADA/USDT pair could slide towards $0.33. Buyers should vigorously defend the $0.33 level, as a break below could send the pair to the October 10 low of $0.27.

The first sign of strength will be a breakout and close above the downtrend line. Cardano price could then reach the $0.50 breakout level, where bears are expected to mount a strong defense.

Related: Ethereum ETF Buy Outpaces New Supply: Will This Push ETH Price to $4.5K?

Monero Price Prediction

Monero (XMR) climbed to $800 on Wednesday, but the long wick on the candlestick shows selling at higher levels.

XMR/USDT daily chart. Source: Cointelegraph/TradingView

The pullback is likely to find support at the 38.2% Fibonacci retracement level of $653 and below the 50% retracement level of $608. If the price bounces off the support, the bulls will once again strive to propel the XMR/USDT pair above $800. If they succeed, the price of Monero could resume its uptrend towards $1,000.

On the contrary, a breakout and close below the $608 level suggests that the bulls are losing their grip. The pair could then drop to the 20-day EMA ($543).

Bitcoin Cash Price Prediction

Bitcoin Cash (BCH) attempted to break above the $631 resistance on Thursday, but the bears managed to defend the level.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($613) has started to decline and the RSI is in negative territory, indicating a slight advantage for sellers. If the price remains below the 50-day SMA ($591), the BCH/USDT pair could drop to $563 and then to $518.

Buyers will likely have other plans. They will attempt to defend the 50-day SMA and quickly propel Bitcoin Cash price above the $631 level. If they succeed, the pair could reach $720.

Chainlink Price Prediction

Chainlink (LINK) remains stuck in the $11.61 to $14.98 range, indicating a buy near support and a sell near resistance.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

Moving averages are the crucial support to watch on the downside. If the price rebounds from the moving averages, the bulls will once again attempt to push the LINK/USDT pair above the $14.98 resistance. If they succeed, Chainlink’s price could rise as high as $17.66.

Instead, if the price falls below the moving averages, it suggests that the pair could extend its stay inside the range for some more time.