Bitcoin Bounces At $100K, Will Altcoins Follow?

Key points:

Bitcoin has bounced off the $100,000 support, but the relief rally is expected to face selling near $107,000.

Several altcoins are finding buying support at lower levels, but the recovery may face selling on rallies.

Bitcoin (BTC) bulls are aggressively defending the psychologically crucial support at $100,000 and have pushed the price above $103,000. However, higher levels are expected to attract selling by the bears. ShapeShift analyst Houston Morgan said that BTC is unlikely to rally above $125,000 in 2025.

A sustained recovery has eluded BTC as long-term BTC holders, entities holding coins for at least six months without selling, and the short-term BTC holders, have gone on a selling spree. 

According to an X post by CryptoQuant analyst Maartunn, LTH supply has decreased by 405,000 BTC over the past 30 days. The STHs also remain sellers, sending 28,600 BTC to the exchanges in the past three days, Maartunn added.

While several analysts expect a deeper correction, Bitwise chief investment officer Matt Hougan said on CNBC that the latest leg of the downward move shows peak retail capitulation rather than the start of a deeper collapse. He expects BTC to “end the year at new all-time highs.”

What are the crucial support levels to watch out for in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC closed below the $107,000 support on Monday and extended its decline below the $100,000 level on Tuesday.

Buyers are fiercely defending the $100,000 level, but the recovery is expected to face selling at the breakdown level of $107,000 and then at the 20-day exponential moving average ($109,341). If the price turns down sharply from the overhead resistance, the risk of a break below $100,000 increases. If that happens, the BTC/USDT pair could plunge to $87,800.

The first sign of strength will be a close above the 20-day EMA. The Bitcoin price may then climb to the 50-day simple moving average ($113,072).

Ether price prediction

Ether (ETH) closed below the support line of the descending channel pattern on Monday, indicating that the bears are trying to take charge.

The selling accelerated on Tuesday, and the Ether price slipped below the $3,350 support. Lower levels attracted buying, but the relief rally is expected to face selling near the support line of the channel.

If the price turns down from the overhead resistance, the bears will attempt to resume the downtrend. A break and close below the $3,000 level could sink the ETH/USDT pair to the $2,500 level.

BNB price prediction

BNB (BNB) plunged below the $1,021 support on Monday, signaling a potential short-term top.

The BNB/USDT pair is expected to find support near $860, but the bounce may face selling at $1,021 and then at $1,070. If the price turns down from the overhead resistance, the bears will make one more attempt to sink the pair below $860. If they succeed, the BNB price could dive to $730.

Instead, if buyers defend the $860 level, the pair could form a range. The pair may swing between $860 and $1,070 for a while.

XRP price prediction

XRP (XRP) slipped below the $2.19 support on Tuesday, indicating that the bears are in command.

Any recovery attempt is expected to face selling at the 20-day EMA ($2.46). If the price turns down sharply from the 20-day EMA, the XRP/USDT pair could plummet toward the crucial support at $1.61. Buyers are expected to fiercely defend the $1.61 level, as a break below it may sink the pair to $1.25.

On the upside, the bulls are likely to face selling at the moving averages and then at the downtrend line. A close above the downtrend line tilts the advantage in favor of the buyers.

Solana price prediction

Solana (SOL) fell below the $155 level on Tuesday, but buyers are attempting to reclaim the level on Wednesday.

The downsloping moving averages and the RSI near the oversold territory signal that the path of least resistance is to the downside. A weak bounce increases the possibility of a drop to the next support at $126.

Buyers will need to push the Solana price above the 20-day EMA ($184) to indicate that selling pressure is easing. The SOL/USDT pair may then rally to the 50-day SMA ($203).

Dogecoin price prediction

Dogecoin (DOGE) continued its decline toward the bottom of the $0.25 to $0.14 range, where the buyers are expected to step in.

If the price turns up from the current level or the $0.14 support and rises above the 20-day EMA ($0.19), it suggests that the DOGE/USDT pair could extend its stay inside the range for some more time.

Conversely, if the price turns down from the 20-day EMA, the bears will again strive to pull the pair below the $0.14 support level. If they can pull it off, the Dogecoin price could retest the Oct. 10 intraday low of $0.10.

Cardano price prediction

Cardano (ADA) continued its decline and reached the solid support at $0.50, where the buyers are expected to mount a strong defense.

The bulls will have to push the price above the 20-day EMA ($0.62) to weaken the bearish momentum. If they manage to do that, the ADA/USDT pair could climb to the 50-day SMA ($0.73).

Contrarily, if the price turns down from the 20-day EMA, it signals that the sentiment remains negative and the bears continue to sell on rallies. That heightens the risk of a drop below the $0.50 support. The Cardano price may then slump to $0.40.

Related: Bitcoin ‘bear market’ confirmed: Watch these BTC price levels next

Hyperliquid price prediction

Hyperliquid (HYPE) fell below the neckline on Tuesday but found support at the crucial $35.50 level.

The relief rally is expected to face selling at the moving averages, but if the bulls prevail, the HYPE/USDT pair could climb to $52. Sellers will again attempt to halt the recovery at $52. If the price turns down from the overhead resistance, the pair could oscillate between $35.50 and $52 for a few days.

On the contrary, if the price turns down sharply from the moving averages, the pair risks falling below $35.50. If that happens, the Hyperliquid price could tumble to $30.50.

Chainlink price prediction

Chainlink (LINK) turned down from the 20-day EMA ($17.26) and closed below the $15.43 support on Monday.

The bulls attempted to push the Chainlink price back above the breakdown level of $15.43 on Tuesday, but the bears held their ground. If the price remains below $15.43, the LINK/USDT pair risks a drop to $12.73 and subsequently to $10.94.

Conversely, if buyers push the price above $15.43, the pair could rally to the 20-day EMA. Sellers will attempt to stall the up move at the 20-day EMA, but if the buyers bulldoze their way through, the pair may reach the resistance line. 

Bitcoin Cash price prediction

Bitcoin Cash (BCH) fell below the 20-day EMA ($520) on Monday, indicating that the price may remain inside the falling wedge pattern for a few more days.

The bulls will try to defend the $443 level, but the recovery is expected to face selling pressure at the 20-day EMA. If the price turns down from the current level or the 20-day EMA, it suggests that the bears remain active at higher levels. The Bitcoin Cash price could then skid below the $443 level and reach the support line of the wedge.

Buyers will have to propel the price above the resistance line to signal a potential trend change. The BCH/USDT pair could then climb toward $600.

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.