Key points:
Bitcoin is facing significant selling at the start of the new week, with some analysts expecting a drop as low as $50,000.
Several altcoins turned down from their overhead resistance and are threatening to dip below their support levels.
Bitcoin (BTC) began December on a weak note, signaling that the bears are not willing to let go of their advantage. Veteran trader Peter Brandit said in a post on X that BTC’s chart shows support in the sub-$70,000 to mid-$40,000 zone.
Another analyst who is cautious in the near term is network economist Timothy Peterson. According to data posted on X by Peterson, BTC’s second half of 2025 is very similar to the second half of 2022. If history repeats, BTC may not see a sharp rally until well into Q1 next year.
A minor positive for the bulls is that crypto exchange-traded products attracted $1.07 billion in inflows last week, breaking their four-week losing streak, according to CoinShares data. That shows demand at lower levels.
Could BTC and the major altcoins hold on to their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) rose above the moving averages on Tuesday and extended the recovery above the resistance line on Friday.
The bulls are expected to encounter significant selling at the 6,920 level. If the price turns down from the 6,920 resistance and breaks below the moving averages, it suggests a range formation. The index could then consolidate between 6,550 and 6,920 for some time. Sellers will be back in command if they yank the price below the 6,550 level.
Conversely, a break and close above the 6,920 resistance indicates the resumption of the uptrend. The index could surge to the 7,000 level and later to the 7,300 level.
US Dollar Index price prediction
The US Dollar Index (DXY) turned down from the 100.50 resistance and broke below the 20-day exponential moving average (99.57) on Wednesday.
The immediate support on the downside is at the 50-day simple moving average (99.05). If the price rebounds off the 50-day SMA, the bulls will again try to pierce the 100.50 resistance. If they succeed, the index could soar toward the 102 level.
Alternatively, a break and close below the 50-day SMA suggests that the bulls are losing their grip. The index could then drop to the 98 level. That points to a possible consolidation between 96.21 and 100.50 for some time.
Bitcoin price prediction
BTC turned down sharply on Monday after failing to rise above the 20-day EMA ($91,999) in the past few days.
If the Bitcoin price closes below $84,000, the BTC/USDT pair could collapse to $80,600. Buyers are expected to aggressively defend the $80,600 to $73,777 zone. On the way up, the bulls will have to push and maintain the price above the 20-day EMA to signal strength. The pair could then rally to the 50-day SMA ($101,438).
Contrary to this assumption, if the $73,777 support gives way, the selling could intensify and the pair risks diving to $54,000.
Ether price prediction
Ether (ETH) turned down from the 20-day EMA ($3,052) on Sunday, indicating that the sentiment remains negative and traders are selling on rallies.
The bears will attempt to sink the Ether price below the $2,623 level, starting the next leg of the downtrend. If they do that, the ETH/USDT pair could plunge to $2,400 and then to the $2,111 level.
The bulls will have to push and maintain the price above the 20-day EMA to signal strength. The pair could then rally to the breakdown level of $3,350, which is a crucial level for the bears to defend.
XRP price prediction
XRP (XRP) turned down from the 20-day EMA ($2.18) on Sunday, indicating that the bulls have given up.
The XRP/USDT pair could drop to the support line of the descending channel pattern, where the buyers are expected to step in. If the XRP price turns up sharply from the support line and breaks above the 20-day EMA, it suggests that the pair may remain inside the channel for a while longer.
On the other hand, a break and close below the support line opens the doors for a fall to the $1.61 support. Buyers are expected to defend the $1.61 level with all their might, as a break below it may sink the pair to $1.25.
BNB price prediction
BNB’s (BNB) recovery fizzled out at the 20-day EMA ($894), signaling that the bears remain active at higher levels.
The sellers are attempting to sink the BNB price below the Nov. 21 low of $790. If they can pull it off, the BNB/USDT pair could resume its downtrend toward the next target objective of $730.
Instead, if the price turns up and breaks above the 20-day EMA, it suggests that the bulls are buying at lower levels. The pair could then rally toward the 50-day SMA ($999), where the bears are expected to renew their selling.
Solana price prediction
Solana (SOL) turned down from the 20-day EMA ($140) on Sunday and is threatening to skid below the $126 support.
If the price sustains below $126, the SOL/USDT pair could descend to $110 and, after that, to the solid support at $95.
This negative view will be invalidated in the near term if the price turns up sharply and breaks above the 20-day EMA. The Solana price could then climb to the 50-day SMA ($163), where the bears are again expected to mount a strong defense. A close above the 50-day SMA signals the start of a new up move.
Related: BTC price dips under $84K as Bitcoin faces ‘pivotal’ week for 2025 candle
Dogecoin price prediction
Dogecoin’s (DOGE) failure to rise above the 20-day EMA ($0.15) in the past few days shows that the bears remain in control.
Sellers are trying to strengthen their position by pulling the Dogecoin price below the $0.13 support. If they manage to do that, the DOGE/USDT pair could tumble toward the Oct. 10 low of $0.10.
Time is running out for the bulls. They will have to swiftly drive the price above the 20-day EMA to signal a comeback. The large range of $0.14 to $0.29 will be back in play after buyers propel the pair above the 50-day SMA ($0.17).
Cardano price prediction
The bears are attempting to start the next leg of the downward move below the $0.38 support in Cardano (ADA).
If the price closes below $0.38, the ADA/USDT pair could plummet to the Oct. 10 low of $0.27. Buyers are expected to fiercely defend the $0.27 level, as a break below it may sink the pair to $0.23.
The 20-day EMA ($0.45) remains the key overhead resistance level to watch out for in the near term. A break and close above the 20-day EMA suggests the selling pressure is reducing. Buyers will have to drive the Cardano price above the 50-day SMA ($0.55) to signal that the downtrend may have ended.
Bitcoin Cash price prediction
Buyers attempted to push Bitcoin Cash (BCH) above the $568 resistance on Sunday, but the bears held their ground.
Repeated failure to clear the overhead resistance increases the risk of a breakdown below the 50-day SMA ($514). If that happens, the BCH/USDT pair could slide to the solid support at $443.
The flattening moving averages and the RSI just below the midpoint suggest a possible consolidation in the short term. Buyers will have to drive the Bitcoin Cash price above the $568 level to retain the advantage. The pair could then rally 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 when making a decision.