Key points:
Bitcoin is experiencing notable selling pressure at the beginning of the week, with some analysts predicting a decline to around $50,000.
Numerous altcoins have retreated from their resistance levels and are at risk of breaking below their support zones.
Bitcoin (BTC) started December on a low note, indicating that bearish sentiment remains strong. Trader Peter Brandt noted on X that BTC’s chart reveals support in the range between the low $70,000s and mid-$40,000s.
Timothy Peterson, a cautious network economist, shared on X that BTC’s second half of 2025 is closely mirroring that of 2022. If historical patterns hold, BTC may not witness a significant rally until well into Q1 next year.
A slight positive for bullish sentiment is that cryptocurrency exchange-traded products saw $1.07 billion in inflows last week, breaking a four-week slump, according to CoinShares data. This suggests persistent demand at lower prices.
Will BTC and the major altcoins manage to retain their support levels? Let’s examine the charts of the top 10 cryptocurrencies for insights.
S&P 500 Index price prediction
The S&P 500 Index (SPX) surpassed the moving averages on Tuesday and extended its recovery above the resistance line on Friday.
Bulls are anticipated to face considerable selling pressure at the 6,920 level. Should the price retrace from the 6,920 resistance and fall below the moving averages, it implies a range formation. The index might then consolidate between 6,550 and 6,920 for some time. Should sellers pull the price below 6,550, they will regain control.
On the other hand, a breakout and close above 6,920 would signal a continuation of the uptrend, with potential for a rise to the 7,000 and subsequently the 7,300 level.
US Dollar Index price prediction
The US Dollar Index (DXY) declined from the 100.50 resistance, falling below the 20-day exponential moving average (EMA) (99.57) on Wednesday.
The immediate downside support is at the 50-day simple moving average (SMA) (99.05). If the price bounces off the 50-day SMA, the bulls will attempt to break through the 100.50 resistance once again. Success could lead to a surge towards the 102 level.
Conversely, a break and close below the 50-day SMA would suggest the bulls are losing strength, potentially causing the index to fall to the 98 level. This scenario indicates a potential consolidation between 96.21 and 100.50 for the foreseeable future.
Bitcoin price prediction
BTC sharply declined on Monday after failing to breach the 20-day EMA ($91,999) recently.
If Bitcoin closes below $84,000, the BTC/USDT pair may plummet to $80,600. Buyers are expected to staunchly defend the $80,600 to $73,777 range. To signal strength, the bulls will need to push and maintain the price above the 20-day EMA, after which the pair could rally to the 50-day SMA ($101,438).
In contrast, if the $73,777 support fails, selling pressure could escalate, driving the pair down to $54,000.
Ether price prediction
Ether (ETH) retreated from the 20-day EMA ($3,052) on Sunday, signaling continued negative sentiment as traders sell during rallies.
Bears will strive to push the Ether price beneath the $2,623 mark, initiating the next downtrend phase. If successful, the ETH/USDT pair could drop to $2,400 and subsequently to $2,111.
To signal strength, bulls must drive and maintain the price above the 20-day EMA, potentially rallying up to the breakdown threshold of $3,350, which bears will aim to defend.
XRP price prediction
XRP (XRP) fell from the 20-day EMA ($2.18) on Sunday, indicating bullish fatigue.
The XRP/USDT pair might decline to the support line of its descending channel, where buyers are likely to re-enter the market. A sharp turn upwards from the support line, along with a break above the 20-day EMA, would suggest the pair may stay within the channel for longer.
Conversely, a break and close below the support line could lead to a drop to the $1.61 support level. Buyers are expected to make a strong defense at $1.61, as a breakdown could drag the pair down to $1.25.
BNB price prediction
BNB’s (BNB) rebound waned at the 20-day EMA ($894), indicating that bears are still active at elevated levels.
Sellers are working to push BNB below the Nov. 21 low of $790. If they succeed, the BNB/USDT pair could resume its downward trend toward the next target of $730.
Alternatively, if the price rebounds and breaches the 20-day EMA, it indicates bulls are purchasing at lower levels. The pair could then make an upward move toward the 50-day SMA ($999), where sellers are expected to re-engage.
Solana price prediction
Solana (SOL) declined from the 20-day EMA ($140) on Sunday and is at risk of falling below support at $126.
If the price remains below $126, the SOL/USDT pair may drop to $110 and then to the strong support at $95.
This bearish outlook will be invalidated if there’s a significant rebound that breaks above the 20-day EMA, allowing the price to climb towards the 50-day SMA ($163), where bears are likely to defend vigorously. A close above the 50-day SMA would suggest the onset of a new upward movement.
Related: BTC price dips under $84K as Bitcoin faces ‘pivotal’ week for 2025 candle
Dogecoin price prediction
Dogecoin’s (DOGE) inability to surpass the 20-day EMA ($0.15) recently shows that bears remain dominant.
Sellers are seeking to bolster their position by driving Dogecoin below the $0.13 support. If successful, the DOGE/USDT pair could fall towards the October 10 low of $0.10.
Time is of the essence for the bulls, as they need to move the price above the 20-day EMA urgently to signal a recovery. The broader range of $0.14 to $0.29 will become relevant again once buyers push above the 50-day SMA ($0.17).
Cardano price prediction
Bears are attempting to initiate the next phase of the downtrend below the $0.38 support in Cardano (ADA).
If the price closes below $0.38, the ADA/USDT pair could nosedive to the October 10 low of $0.27. Buyers are expected to defend this level fiercely, as breaking below could lead to a drop to $0.23.
The 20-day EMA ($0.45) serves as a critical resistance level to monitor in the near term. A breakout above the 20-day EMA would indicate a reduction in selling pressure, and buyers need to push the Cardano price above the 50-day SMA ($0.55) to indicate a potential end to the downtrend.
Bitcoin Cash price prediction
Buyers sought to drive Bitcoin Cash (BCH) past the $568 resistance on Sunday, but the bears held firm.
Repeated failures to surmount the overhead resistance increase the risk of a decline below the 50-day SMA ($514). If that occurs, the BCH/USDT pair could drop to solid support at $443.
The flattening moving averages and the RSI just below the midpoint suggest a possible short-term consolidation. Buyers must push the Bitcoin Cash price above the $568 level to maintain momentum, which could enable a 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.
