Key points:
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Bitcoin’s break below $84,000 tilts the advantage in favor of the bears, opening the door for a potential decline to $74,508.
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Several major altcoins have fallen below their support levels, signaling that the bears are trying to take matters into their own hands.
Bitcoin (BTC) remains under pressure as sellers attempt to keep the price below the $84,000 level. BTC’s fall from nearly $81,000 caused $1.77 billion in liquidations over the past 24 hours, according to CoinGlass data.
Several analysts have turned bearish and expect BTC’s downward trend to continue. They expect BTC to fall below the crucial low of $74,500, reached in April 2025, following US President Donald Trump’s “Liberation Day” tariff announcement.
However, not everyone is pessimistic on BTC. Swyftx senior analyst Pav Hundal told Cointelegraph that BTC could form a bottom over the next 40 days if history repeats itself, as BTC lows “have historically lagged gold’s relative strength by about 14 months.”
Could BTC and Major Altcoins Start a Relief Rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC declined sharply from the 20-day exponential moving average (EMA) ($89,165) on Thursday and fell below the $84,000 support.
The $80,600 level is the crucial support to watch in the near term. If the bears bring Bitcoin price back below $80,600, the BTC/USDT pair could extend the decline to the critical support at $74,508.
Buyers will likely have other plans. They will attempt to defend the $80,600 level and push the price above the moving averages. If they do, it shows that the market has rejected the fall below $84,000. The pair could then reach the resistance zone of $94,789 to $97,924.
Ether Price Prediction
Ether (ETH) declined from the moving averages on Thursday and fell below the $2,787 level, indicating selling on minor rebounds.
The falling 20-day EMA ($2,999) and the relative strength index (RSI) in negative territory indicate an advantage for sellers. Ether price may drop to the $2,623 level, which is expected to attract buyers. However, if the bears prevail, the ETH/USDT pair is expected to resume its downtrend towards $2,111.
Time is running out for the bulls. They will need to quickly push the ETH/USDT pair above the moving averages to signal strength. The pair could then climb to the resistance line.
BNB Price Prediction
The bulls’ failure to hold BNB (BNB) above the 20-day EMA ($890) on Thursday triggered selling, which pulled the price towards the uptrend line.
Bulls should vigorously defend the uptrend line as a close below it could send the BNB/USDT pair tumbling to the $790 level. A breakout and close below the $790 support risks triggering the next leg of the downtrend at $730.
Conversely, if BNB price deviates from the uptrend line, it suggests that bulls remain long on a decline. The pair could then reach the overhead resistance zone of $928 to $959, where the bears are expected to intervene.
XRP Price Prediction
XRP (XRP) declined from the moving averages and fell below the $1.77 level, indicating that bears remain in control.
The XRP/USDT pair is expected to drop to $1.61, which is a critical level to watch. If sellers push XRP price below the $1.61 support, the pair risks falling to the support line of the descending channel pattern.
Instead, if the price moves from $1.61, it should be sold to the moving averages. If buyers overcome the obstacle, the pair could reach the downtrend line. A close above the downtrend line suggests bulls are back in charge.
Solana Price Prediction
Solana’s (SOL) stock range between $117 and $147 resolved lower on Thursday, signaling that the bears are trying to take charge.
If Solana price closes below $117, the SOL/USDT pair is likely to fall to the $95 support. Buyers should mount a strong defense at the $95 level, as a break below could send the pair tumbling to $79.
Bulls will need to push the price back above the moving averages to suggest that the break below $117 may have been a bear trap. The pair could then rise to the resistance at $147.
Dogecoin Price Prediction
Dogecoin (DOGE) closed below the $0.12 support on Thursday, signaling the resumption of the downtrend.
The bulls will attempt to push the Dogecoin price back above the $0.12 breakout level, but are expected to face strong resistance from the bears. If the price declines from the $0.12 level or the moving averages, it increases the risk of a collapse until October 10, 2025, the low of $0.10.
This negative opinion will be invalidated in the short term if the DOGE/USDT pair appears and exceeds the moving averages. This suggests strong buying at lower levels, opening the door for a potential rebound to $0.16.
Cardano Price Prediction
Cardano (ADA) is witnessing a tough battle between buyers and sellers at the $0.33 level.
If Cardano price closes below the $0.33 support, the ADA/USDT pair could decline to the support line of the descending channel pattern. Bulls are expected to defend the support line, which is near the October 10, 2025 low, at $0.27.
Contrary to this assumption, if the price rises from the current level and crosses the downtrend line, it indicates that the bulls are active at lower levels. This opens the door for a rally to the $0.50 breakout level.
Related: Ethereum loses $2.8k support as charts indicate possible 22% decline
Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) dipped below $563 support on Thursday, completing a bearish head and shoulders pattern.
The bulls will attempt to push the Bitcoin Cash price back above the $563 level, but are expected to face strong resistance from the bears. If the price declines from $563, it suggests that the bears have tipped the level towards resistance. This increases the likelihood of a decline to $518 and then to the target of $456.
This bearish view will be negated in the near term if buyers push the price above the $604 resistance. The BCH/USDT pair could then jump to $631 and then to $670.
Hyperliquid price prediction
Hyperliquid (HYPE) declined from the $35.50 breakout level on Thursday, indicating that bears are fiercely defending this level.
The 20-day EMA ($26.36) is the key support to watch for a decline. If the price rises from the 20-day EMA, the bulls will once again attempt to propel the HYPE/USDT pair above $35.50. If they succeed, the pair could rally back to $44.
Conversely, if hyperliquid price falls below the moving averages, the pair could consolidate from $35.50 to $20.82 for some time to come. The downtrend could resume in the event of a break below $20.82.
Monero Price Prediction
The bulls’ failure to push Monero (XMR) above the 50-day simple moving average (SMA) ($482) shows that the bears are selling on every minor uptick.
The bulls are trying to defend the $417 support, as shown by the long tail of the candlestick. The relief rally is expected to face selling at the moving averages. If the price declines from the moving averages, the risk of a fall below the $417 level increases. The XMR/USDT pair could then fall to $360.
Buyers have a daunting task ahead of them. They will need to drive the price of Monero above the 20-day EMA ($501) to signal a return. The pair could then advance towards $546, where sellers should intervene.
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