Highlights:
Bitcoin is trying to rebound from the $84,000 mark, yet sellers remain active during price upticks.
Many prominent altcoins are struggling to initiate a recovery, although Bitcoin Cash appears robust in the short term.
Bitcoin (BTC) surged past $89,000 after the Bank of Japan (BoJ) raised its rates to approximately 0.75% on Friday, but bulls are finding it difficult to sustain these higher levels. Despite a BoJ rate hike typically being viewed as detrimental to risk assets, BitMEX co-founder Arthur Hayes advised his followers on X not to oppose the BoJ, citing that negative real rates are part of its policy. Hayes predicts the dollar/yen could reach 200 and “BTC to a million.”
While the long-term outlook remains optimistic, the immediate future appears uncertain. A key consideration for investors is whether to sell into the current rallies or view them as favorable buying opportunities. Fidelity’s director of global macroeconomic research, Jurrien Timmer, noted on X that BTC may have peaked at $125,000, signaling the conclusion of its four-year halving cycle. He anticipates BTC might experience a down year in 2026, forecasting support in the $65,000 to $75,000 range.
In a separate forecast for 2026, Tether CEO Paolo Ardoino indicated that BTC might not face “sharp corrections of 80%, as observed in 2022 or early 2018.” However, he mentioned that BTC could be affected by the so-called AI bubble due to its close link with capital markets.
What important support and resistance levels should be monitored for BTC and major altcoins? Let’s dive into the charts of the top ten cryptocurrencies to explore further.
Bitcoin price forecast
Buyers are working to uphold the $84,000 support, but they will likely encounter selling pressure at the moving averages.
The declining 20-day exponential moving average (EMA) ($89,369) and the relative strength index (RSI) in negative territory indicate that bears hold a slight advantage. If the price sharply declines from the 20-day EMA, a drop below $84,000 becomes more likely, with the BTC/USDT pair potentially slumping to $80,600.
To signal a possible trend reversal in the near term, buyers must push and sustain the Bitcoin price above the $94,589 resistance. This could lead to a surge towards $100,000, and subsequently $107,500.
Ether price forecast
Ether (ETH) is attempting a bounce from support around $2,700, suggesting buyers are taking advantage of dips.
Bears are likely to resist gallantly and will aim to protect the area between the 50-day simple moving average (SMA) ($3,161) and $3,450. If the price of Ether declines sharply from this overhead resistance, the ETH/USDT pair might retest the support zone from $2,700 to $2,623. If this zone fails, the pair may crash to $2,250.
This bearish outlook will be negated if the price moves higher and breaks above the $3,450 resistance. In that case, the pair could ascend to $3,918.
BNB price forecast
BNB (BNB) is trying to recover from the uptrend line, but higher levels are expected to attract selling pressure.
If the BNB price rapidly declines from the moving averages, the likelihood of a drop to the $790 support increases. Buyers are expected to vigorously defend this $790 level, as a failure to do so could result in the BNB/USDT pair falling to $730.
Conversely, a breakout and close above the $928 resistance would complete an ascending triangle pattern, indicating the corrective phase has concluded, paving the way for a rally towards a target of $1,066.
XRP price forecast
XRP (XRP) is attempting a rebound off the support line of the descending channel pattern, implying demand at lower price points.
The downward-moving averages along with the RSI in negative territory suggest bears are currently favored. If the price declines from the moving averages, the bears may attempt to lower the XRP/USDT pair to $1.61 support.
Alternatively, if the XRP price continues its upward momentum and breaks above the 50-day SMA ($2.15), it suggests that the pair may remain within the channel for a more extended period. Bulls will take control with a close above the downtrend line.
Solana price forecast
Solana (SOL) dipped below the $121 level on Thursday, but bears find it challenging to maintain these lower levels.
The recovery might meet resistance at the 20-day EMA ($131) followed by the 50-day SMA ($142). If the price declines from these moving averages, the bears will again attempt to pull the SOL/USDT pair below $121. Success in this effort could see Solana’s price fall to $110 and then to the $95 support.
On the flip side, if buyers push the pair above the $147 resistance, it would indicate a shift in short-term trend. The pair could then surge to $172.
Dogecoin price forecast
Dogecoin (DOGE) remains below the $0.14 mark, though bulls are striving to initiate a relief rally.
The RSI indicates a positive divergence, suggesting that the bearish momentum is fading. To signal a recovery, bulls need to sustain the DOGE/USDT pair above the $0.16 level.
However, sellers likely have different intentions. They will aim to curb the relief rally at the breakdown level of $0.14. If they succeed, this indicates that the $0.14 level has morphed into resistance, raising the risk of a decline to the October 10 low of $0.10.
Cardano price forecast
Cardano (ADA) dipped below the $0.37 support on Wednesday, but bulls are making efforts to regain this level on Friday.
The positive divergence seen on the RSI suggests that selling pressure is easing. Buyers will aim to push the price above the 20-day EMA ($0.40). If successful, the ADA/USDT pair may rally to the breakdown level of $0.50, where sellers will likely defend this level and convert it to resistance.
On the downside, a break and close below $0.34 indicates a return to the downtrend, potentially driving Cardano’s price down to $0.27.
Related: Sol price action lags the broader altcoin market: Is Solana’s peak behind us?
Bitcoin Cash price forecast
Buyers have successfully defended the 50-day SMA ($535) in Bitcoin Cash (BCH), highlighting a positive market sentiment.
The bulls will seek to solidify their position by pushing the Bitcoin Cash price above the $615 resistance. If attained, the BCH/USDT pair may resume its upward trend toward $651 and later $720.
Conversely, a sharp decline from $615 that falls below the 50-day SMA suggests the pair might consolidate within the broad range between $443 and $615 for several days.
Hyperliquid price forecast
Hyperliquid (HYPE) has bounced back from $22.19, indicating that bulls are aggressively defending the October 10 low of $20.82.
The relief rally could reach the 20-day EMA ($28.86), a key resistance level to monitor. A steep decline from the 20-day EMA would indicate sustained selling pressure from bears, raising the risk of a drop below the $20.82 support. If that occurs, the HYPE/USDT pair could nosedive to $16.90.
Conversely, a breakout above the 20-day EMA signifies diminishing bear control, allowing the Hyperliquid price to climb to the breakdown level of $35.50.
Chainlink price forecast
Bulls are trying to arrest the decline of Chainlink (LINK) within the $11.61 to $10.94 support range.
The potential recovery may face resistance at the 50-day SMA ($13.99). If the Chainlink price declines from this moving average, the $10.94 support is likely to be tested. A crack here could send the LINK/USDT pair tumbling to the October 10 low of $7.90.
On the other hand, a breakout and close above the $15 level indicates that bulls are staunchly defending the $10.94 support. This paves the way for a rally to $16.80 and subsequently $19, bringing the broader $10.94 to $27 range into consideration.
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