Crypto Chaos: Bulls, Bears, and a Very Confused Doge

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Key points:

  • The failure of the bulls to maintain Bitcoin above $94,050 has renewed selling, opening the doors for a fall to $87,700 and then to $84,000. 🐐📉

  • Most major altcoins remain under pressure and are threatening to challenge their recent lows. 🧠💸

Bitcoin (BTC) is stuck inside a narrow range between $94,588 and $89,260, indicating indecision between the bulls and the bears. The prediction markets do not expect the bulls to take charge in the near term, giving only a 30% chance of BTC hitting $100,000 before Jan. 1. 🤷‍♂️🌀

According to crypto analyst Darkfost, BTC is struggling to recover due to a lack of incoming liquidity, specifically from stablecoins. The crypto markets will have to attract new liquidity for BTC to start a “genuine bullish trend.” 🧼💸

Select analysts expect BTC to fall below the recent low of $80,600. Trader Roman said in a post on X that BTC is likely to drop to $76,000, and that falling interest rates will not be able to prevent it. 🧠📉

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

Bitcoin price prediction

BTC’s recovery is facing resistance at the 50% Fibonacci retracement level of $94,050, indicating that the bears are active at higher levels. 🐻📉

There is support at $87,700 and then at $84,000. A break below the $84,000 level opens the gates for a retest of the Nov. 21 low of $80,600. 🚧📉

Buyers will need to push the Bitcoin price above the $94,050 resistance level to signal strength. The BTC/USDT pair may then climb to the 50-day simple moving average ($97,411). 🚀📈

The up move is expected to face significant selling in the zone between the 50-day SMA and the psychological level of $100,000. A close above $100,000 indicates that the bulls are back in the game. 🐯💥

Ether price prediction

Ether (ETH) turned down from the $3,350 level on Thursday, and the bears are attempting to sustain the price below the 20-day exponential moving average ($3,125). 🐻📉

If they succeed, it indicates that the bears remain sellers on rallies. The Ether price may drop to $2,907 and later to $2,716. The ETH/USDT pair could resume its downtrend on a close below $2,623. 🧠💸

Conversely, if the price turns up from the current level and breaks above the $3,350 resistance, it signals the start of a new upward move. The pair may rise to $3,918 and then to $4,250. 🚀📈

BNB price prediction

BNB (BNB) has been trading near the 20-day EMA ($892) for the past few days, indicating equilibrium between buyers and sellers. 🧠⚖️

The flattish 20-day EMA and the RSI just below the midpoint suggest a range-bound action between $791 and $1,020 for the next few days. 🌀

Sellers will have to sink the BNB price below the $791 level to start the next leg of the downtrend. The BNB/USDT pair may then collapse to $730. On the upside, a close above $1,020 indicates that the correction may be over. The pair could then rally to $1,182, which may act as a resistance. 🚧📈

XRP price prediction

XRP (XRP) remains stuck inside the descending channel pattern, indicating that the bears are in control. 🐻📉

The bulls will have to propel the XRP price above the 50-day SMA ($2.25) to indicate strength. The XRP/USDT pair may then rally to the downtrend line, which is a vital level to watch out for. A close above the downtrend line signals that the bulls are back in the driver’s seat. 🚗💨

The bears will have to sink the price below the $1.98 level to clear the path for a drop to the support line and then to the critical level at $1.61. 🧠📉

Solana price prediction

The long tail on Solana’s (SOL) Thursday candlestick shows that the bulls are aggressively defending the $126 level. 🐾💪

The bulls will have to propel the Solana price above the 50-day SMA ($152) to signal a potential trend change in the near term. The SOL/USDT pair could then ascend to $172 and subsequently to $190. 🚀📈

On the other hand, a break and close below the $126 level signals the resumption of the downward move. The pair may plummet to $100 and, after that, to the strong support at $95. 🧠📉

Dogecoin price prediction

Dogecoin (DOGE) turned down from the 20-day EMA ($0.14) on Wednesday, indicating that the bears are selling on every minor rally. 🐕📉

If the price continues lower and closes below the $0.13 support, it signals the start of a new downward move. The DOGE/USDT pair could then plunge to the Oct. 10 low of $0.10, which is likely to attract buyers. 🧠💸

The first sign of strength will be a break and close above the 20-day EMA. That shows the bulls are fiercely defending the $0.14 level. The Dogecoin price may climb to the 50-day SMA ($0.16) and later to $0.19. 🚀📈

Cardano price prediction

Cardano (ADA) turned down from the breakdown level of $0.50 on Wednesday, indicating that the bears are trying to flip the level into resistance. 🧠📉

The flattish 20-day EMA ($0.44) and the RSI in the negative territory indicate a slight edge to the bears. There is support at $0.40 and then at $0.37. If sellers pull the Cardano price below $0.37, the ADA/USDT pair could tumble to $0.31 and potentially to the Oct. 10 intraday low of $0.27. 🧠💸

Buyers will have to push and maintain the price above the $0.50 level to signal a comeback. The pair could then rally to $0.60 and later to $0.70. 🚀📈

Bitcoin Cash price prediction

Bitcoin Cash (BCH) turned up from the 20-day EMA ($560) on Thursday, indicating a positive sentiment. 🐐📈

The bulls will strive to drive the Bitcoin Cash price above the $607 level and challenge the overhead resistance at $651. Sellers are expected to defend the $651 level with all their might, as a break above it opens the doors for a rally to $720. 🚀💥

The bears will have to sink the price below the moving averages to gain the upper hand. If they manage to do that, it suggests that the BCH/USDT pair could range between $607 and $443 for some time. 🌀

Hyperliquid price prediction

Sellers attempted to pull Hyperliquid (HYPE) lower on Thursday, but the long tail on the candlestick shows buying by the bulls. 🐾💪

The HYPE/USDT pair could reach the 20-day EMA ($31.91), which is a critical level to watch out for. If the price turns down sharply from the 20-day EMA, the bears will again attempt to resume the downtrend. 🐻📉

On the contrary, a break above the 20-day EMA signals that the selling pressure is reducing. The Hyperliquid price could then rise to the 50-day SMA ($37.23). A close above the 50-day SMA suggests the corrective phase may be over. 🚀📈

Chainlink price prediction

Chainlink (LINK) has been trading between the moving averages for the past few days, indicating a balance between supply and demand. 🧠⚖️

The tight range trading is likely to be followed by a range expansion. If the price breaks and closes above the 50-day SMA ($14.71), it signals that the bulls have overpowered the bears. The LINK/USDT pair could then climb to $19.06. 🚀📈

Alternatively, a sharp dip below the 20-day EMA ($13.84) indicates that the bears remain in control. The Chainlink price could then plummet to the solid support at $10.94, where the buyers are expected to step in. 🧠💸

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2025-12-12 22:54