Key points:
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Bitcoin faced intense selling pressure, opening the door for a fall to crucial support at $73,777.
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Several major altcoins have fallen below their support levels, indicating that bears remain in firm control.
Bitcoin (BTC) attempted a rally on Friday, but the bears continued to exert pressure, bringing the price back to $80,000 at Binance. Sentiment remains weak as U.S. stock markets deepened their correction this week on concerns about excessive valuations in the artificial intelligence sector. Additionally, expectations for a rate cut by the Federal Reserve in December fell to 33.1%, from 98.1% on Oct. 21, according to the CME FedWatch tool.
The question on everyone’s mind is how low could BTC go? André Dragosch, head of European research at Bitwise, said in an article on
Some analysts view the current decline as a positive development. Veteran trader Peter Brandt said in an article on X that the correction was the “best thing” that could have happened to BTC. He said he remains long-term bullish on BTC, expecting the price to rally back to $200,000 around the third quarter of 2029.
What are the crucial resistance levels to watch in BTC and major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC broke through several short-term support levels and plunged to $80,600, signaling aggressive selling from the bears.
The next major support on the downside lies at $73,777. Buyers should defend the $73,777 level with all their might, as a break below opens the door for a collapse to $53,500.
Strong corrections are followed by an equally brutal rally. Relative Strength Index (RSI) oversold levels indicate a potential near-term relief rally. This could push the BTC/USDT pair towards the 20-day exponential moving average (EMA) ($97,319), where the bears should mount a strong defense.
Ether Price Prediction
Ether (ETH) closed below the $3,000 level on Thursday, setting the stage for a collapse to $2,500.
The fall pushed the RSI into the oversold zone, signaling that a relief rally is possible in the near term. If Ether price rises from the current level or rebounds to $2,500, the ETH/USDT pair could reach the breakout level of $3,350.
On the contrary, a slight rebound from $2,500 suggests weak demand from the bulls. This increases the risk of the downward trend continuing. The pair could then fall to the $2,111 level.
XRP Price Prediction
XRP (XRP) slipped below the support line of the descending channel pattern on Friday, indicating that the bears are in control.
If the price closes below the support line, the XRP/USDT pair could move down to the $1.61 support. Buyers should defend the $1.61 level with all their might, as a break below could trigger a new downtrend to $1.27 and then $1.
On the upside, the area between the 50-day simple moving average (SMA) ($2.45) and the downtrend line is the main resistance to watch. Buyers will need to push the XRP price above the downtrend line to signal a potential trend change.
BNB Price Prediction
BNB (BNB) remains firmly in a bearish position as sellers attempt to keep the price below the $860 support.
A close below $860 could intensify the selling, pulling the BNB price to $818 and then to $730. The sharp decline in recent days has pushed the RSI into oversold territory, suggesting a short-term relief rally.
Any recovery attempt should result in a sell-off at the $860 breakout level and then the 20-day EMA ($946). If the price declines from the overhead resistance, the bears will strive to pull the BNB/USDT pair to $625. The first sign of strength will be a close above the 20-day EMA. This opens the door for a rally to $1,019 and then to the 50-day SMA ($1,069).
Solana Price Prediction
Buyers attempted a relief rally in Solana (SOL) on Thursday, but the long wick on the candlestick shows the bears are active at higher levels.
The bears are trying to strengthen their position by keeping Solana price below the $126 support. If they succeed, selling could resume and the SOL/USDT pair could fall to $110 and then to $95.
The 20-day EMA ($150) remains the main near-term resistance to watch on the upside. Buyers will need to cross the 20-day EMA to signal the start of a sustainable recovery from the 50-day EMA ($179).
Dogecoin Price Prediction
Dogecoin (DOGE) has reached the bottom of the $0.14 to $0.29 range, where buyers are expected to step in.
Bulls will need to push Dogecoin price above the 20-day EMA ($0.16) to signal strength. The DOGE/USDT pair could then reach the 50-day SMA and later up to the $0.21 level. Such a move suggests that the pair could extend its stay in the wide range for some time.
Alternatively, a breakout and close below $0.14 indicates that the bears have dominated the bulls. The pair could then begin a new downtrend towards the October 10 low at $0.10.
Cardano Price Prediction
Cardano (ADA) continued its fall and reached the first support at $0.40, indicating that the bears are in control.
The sharp decline has pushed the RSI into the oversold zone, suggesting that a recovery could be imminent. The relief rally is expected to face selling at the $0.50 breakout level. If Cardano price falls by $0.50, it suggests that the bears have flipped the level into resistance. This increases the risk of a decline towards $0.27.
On the contrary, if buyers push the price above the 20-day EMA ($0.51), it indicates that the bears are losing their grip. The ADA/USDT pair could then rise to the 50-day SMA ($0.62).
Related: Bitcoin losses reach FTX crash levels: where is the bottom?
Hyperliquid price prediction
Hyperliquid (HYPE) attempted to break above the 20-day EMA ($39.04) on Thursday, but the bears held firm.
The selling accelerated and the bears pulled the price below the $35.50 support on Friday. If the price closes below $35.50, the HYPE/USDT pair could start a new downtrend towards $28 and then $24.
Buyers will need to quickly reclaim the $35.50 level to signal that the market has rejected the breakout. The bulls will gain the upper hand after propelling the hyperliquid price above the 50-day SMA ($40.98).
Zcash Price Prediction
Zcash (ZEC) bounced off the 20-day EMA ($559) on Tuesday, but the upward move risks selling near $750.
The negative divergence on the RSI suggests weakening bullish momentum. Sellers will attempt to push the Zcash price below the 20-day EMA. If they succeed, the ZEC/USDT pair could correct to $424.
On the other hand, the bulls will have to defend the 20-day EMA if they want to maintain the advantage. A close above the $750 resistance could trigger the next leg of the uptrend towards the psychological $1,000 level.
Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) has recovered sharply from strong support at $443, indicating that bulls are aggressively defending the level.
The relief rally is expected to face a sell-off at the resistance line of the falling wedge pattern. If the price moves down from the resistance line and breaks below the moving averages, it suggests that the bears remain active at higher levels. The bears will then make another attempt to push the BCH/USDT pair below $443.
Conversely, a breakout and close above the resistance line signals a potential trend change. BCH price could rise to $580 and then to $615.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.
