Bitcoin’s negative open to December shows bears’ plan to pull BTC to the $80,000 support. Analysts are now calling for the bull market to end with a drop to $70,000 and below.
Rakesh Upadhyay
Rakesh Upadhyay is a writer in the Markets team at Cointelegraph, analyzing technical chart patterns for all major cryptocurrencies. Rakesh has a degree in engineering but has been a full-time trader and investor for roughly 20 years. Rakesh was first introduced to cryptocurrency in 2016 and was immediately hooked. He has written for Hacked.com, Currency.com, Oiprice.com, and ExchangeRates.org.uk in the past. Aside from analyzing charts, Rakesh enjoys going to the gym and lifting weights. Rakesh has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Price predictions 12/1: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH - Price Analysis
Price predictions 11/28: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, LINK Bitcoin and several altcoins continue to show strength, but charts suggest that each needs a strong close above a key exponential moving average to continue the uptrend.
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Price predictions 11/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, LINK Bitcoin and select altcoins have started a recovery, but higher levels are likely to attract solid selling by the bears. Is $100,000 BTC's next stop?
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Price predictions 11/24: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH Several analysts claimed that Bitcoin bottomed at $80,000 and that the market has been reset. Do BTC and altcoin charts agree or reveal a different set of facts?
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Price predictions 11/21: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, ZEC, BCH Bitcoin has yet to find a bottom, but data suggests buyers were very interested in the abrupt dip to $80,000. Several altcoins are also approaching deep discount levels.
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Price predictions 11/19: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, ZEC Bulls are struggling to hold Bitcoin price above $90,000, but BTC and altcoin charts suggest new yearly lows are the most likely outcome for cryptocurrencies in the short term.
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Price predictions 11/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies.
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Price predictions 11/14: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, BCH Bitcoin has broken below the psychologically crucial $100,000 level, signaling that the bears are in full control. The next strong support on the downside is at $87,800.
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Price predictions 11/12: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, BCH Bitcoin bulls tried to spark a recovery, but were met with heavy selling pressure near $107,000. A similar fate awaited most altcoins, which sold off from their respective resistance levels.
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Price predictions 11/7: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, ZEC Bitcoin bulls have held the price above the critical $100,000 support level, but a shallow bounce increases the risk of a breakdown. Will altcoins gain ground while BTC searches for direction?
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Price predictions 11/5: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH Bitcoin bulls are aggressively defending the critical $100,000 support level, as a break below it may accelerate selling, potentially pulling BTC price below $87,800.
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Price predictions 11/3: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin and altcoins’ early November performance mirrors that of October, when the market disregarded historical trends and fell to new lows. Will bulls show any interest in buying the range lows?
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Price predictions 10/31: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH Bitcoin bulls defended the $107,000 level, but net outflows from spot Bitcoin ETFs increase the risk of a breakdown in the near term.
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Price predictions 10/29: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH Bitcoin swing traders took profits, and bears opened fresh shorts after BTC failed to recapture levels above $118,000. Will today’s FOMC presser kickstart a trend reversal in BTC and altcoins?
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Price predictions 10/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE Bitcoin and several major altcoins have started a strong recovery, but the relief rally is expected to face significant headwinds near major overhead resistance levels.
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Price predictions 10/24: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM Bitcoin bounced off the $107,000 support, but the recovery is expected to face significant resistance in the $112,000 to $116,000 zone. Do charts point to any altcoins taking the lead?
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Price predictions 10/22: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM Bitcoin is at a crucial juncture because a daily close below the $107,000 support clears the path for a drop to the psychological level of $100,000.
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Price predictions 10/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE Bitcoin staged a rebound rally to $111,705 as the market recovered from the recent catastrophic sell-off, but data suggests sellers will continue to take profit at each breakout top.
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Price predictions 10/17: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM Odds for the resumption of "Uptober" dwindle as Bitcoin, Ether and most altcoins continue toward new lows. Will next week’s US economic calendar events help restore the uptrend?
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Price predictions 10/15: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM Bitcoin and several altcoins are facing significant selling pressure on rallies, indicating that the bears are still trying to seize control of the market.
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Price predictions 10/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE Bitcoin and the major altcoins witnessed solid buying at lower levels, but a sustained relief rally is unlikely as the bears are expected to sell at higher levels.
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Price predictions 10/10: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, SUI Bitcoin fell below $116,000, but some analysts remain unfazed as they anticipate solid buying to emerge at lower levels.
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Price predictions 10/8: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, SUI Bitcoin’s brief pullback from its all-time high has not altered the bullish longer-term view, but bulls will have to swiftly push the price above $126,200 to retain the advantage.
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Price predictions 10/6: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. If the buying pace sustains, BTC’s next stop could be $142,000.
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Price predictions 10/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, SUI Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high.
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Price predictions 10/1: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX Bitcoin started October on a strong note by rallying to $118,200. That clears the path for BTC to chase new all-time highs. Which altcoins could follow?
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Price predictions 9/29: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bulls lift their short-term Bitcoin price target to $117,500 as BTC holds steady and several altcoins reclaim the pre-crash trading levels.
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Price predictions 9/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX Bitcoin and several major altcoins are trying to start a recovery, but they are likely to be met with significant selling pressure at higher levels.
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Price predictions 9/24: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX Bitcoin bulls are trying to seize control but are expected to face strong selling at $117,500. Will altcoins capitalize on BTC's potential range-bound price action?
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Price predictions 9/22: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin’s sharp fall resulted in the biggest long liquidation in a 24-hour period, and the sell-off pulled many altcoins below their immediate support levels.