Bitcoin's repeated failure to break above $100,000 raises the risk of a drop below $90,000.
Bitcoin (BTC) bulls attempted a recovery on December 27 but faced strong selling pressure at higher levels. A minor positive is that U.S. Bitcoin ETF investors resumed purchases after four days of outflows totaling $1.52 billion. On December 26, spot ETFs recorded a net inflow of $475.2 million, per CoinGlass data.
However, not all analysts are optimistic. Chartered Market Technician Aksel Kibar noted on X that Bitcoin is forming a bearish head-and-shoulders (H&S) pattern, which, if completed, could see BTC drop to $80,000.
With Bitcoin stalling, some analysts are shifting focus to altcoins, expecting them to outperform BTC in 2025 due to better risk-reward ratios.
Which support levels could attract buyers for Bitcoin and altcoins? Let’s analyze the top 10 cryptocurrencies.
Bitcoin Price Analysis
BTC has dipped below the 50-day Simple Moving Average ($95,406), signaling bearish momentum.
Key Levels:
- Support: $90,000 (critical; breakdown could lead to $85,000, then $73,777).
- Resistance: $100,000 (breakout needed for bullish reversal toward $108,353 ATH).
Ethereum Price Analysis
ETH faced rejection at the 20-day EMA ($3,540) on December 25, with bears dominating the December 27 rebound attempt.
Key Levels:
- Support: $3,200 (breakdown may extend to $3,000–$2,850).
- Resistance: $4,094 (bullish confirmation above 20-day EMA).
XRP Price Analysis
XRP closed below the 20-day EMA ($2.23), suggesting a potential drop to the symmetrical triangle’s support line.
Breakout Scenario:
- Above resistance: Rally to $2.91.
- Below support: Drop to $1.62.
BNB Price Analysis
BNB’s repeated failure to surpass $722 increases the risk of a fall to $635 support.
Range: $635–$722 (breakout could target $760–$794).
Solana Price Analysis
SOL’s rejection at the 20-day EMA ($203) indicates bearish control.
Watch: Rising trendline—breakdown may trigger a fall to $155.
Dogecoin Price Analysis
DOGE’s weak rebound suggests persistent selling pressure.
Critical Support: $0.27–$0.23 (61.8% Fibonacci level).
Cardano Price Analysis
ADA’s rebound faltered at the H&S neckline, signaling bearish dominance.
Make-or-Break Level: $0.80 (breakdown targets $0.50).
Avalanche Price Analysis
AVAX faces resistance at moving averages ($42.11).
Support Levels: $35.50, $33.50, then $30.50.
Chainlink Price Analysis
LINK broke below $23, eyeing $20 support.
H&S Pattern Alert: Breakdown below $20 may trigger a fall to $16.
Toncoin Price Analysis
TON struggles at moving averages ($5.84), indicating equilibrium.
Breakout Target: $6.50–$7.
FAQs
Q: Why is Bitcoin struggling at $100,000?
A: Strong selling pressure and ETF outflow concerns are capping gains.
Q: Which altcoins show potential for 2025?
A: Analysts favor ETH, SOL, and AVAX for better risk-reward.
Q: What’s the key support for BTC?
A: $90,000—breakdown could accelerate losses.
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Disclaimer: This analysis does not constitute investment advice. Conduct independent research before trading.