On December 27, intense selling at higher levels greeted attempts by Bitcoin Altcoins Test Key to initiate a recovery, resulting in the price falling to $94,868. The fact that investors in Bitcoin ETFs in the US have resumed buying is a small plus. After four days of consistent withdrawals totalling $1.52 billion, spot ETFs saw net inflows of $475.2 million on December 26th, according to statistics from CoinGlass.
However, not everyone thinks Bitcoin is a beneficial investment. According to a post by Chartered Market Technician Aksel Kibar, Bitcoin is developing a bearish head-and-shoulders (H&S) pattern. If the pattern finishes, a decline to $80,000 is conceivable.
Some analysts seem to be focusing on the Bitcoin Altcoins Test Key reaching a plateau. Given Bitcoin’s present price, they think that altcoins provide a more favourable risk-to-reward opportunity. In 2025, they expect alternative cryptocurrencies to do better. When will Bitcoin and other cryptocurrencies reach support levels that would encourage buyers? To find out, we can look at the charts of the top 10 cryptocurrencies.
Bitcoin Struggles Below $95K
Bears are attempting to grab market control as Bitcoin falls below the 50-day simple moving average ($95,406). If prices close below the 50-day simple moving average, the Bitcoin/USDT pair can crash below $90,000, a strong support level. If the $90,000 level of support gives way.
The pair might fall to $85,000 and then $73,777; therefore, buyers should be prepared to defend it aggressively. To gain control, the bulls need to get the price above $100,000 and keep it there. Bears will likely intervene if the pair reaches the all-time high of $108,353.
Ether Tests Key Support Levels
On December 25, Ether’s price (ETH$ 3,392.62) fell below the 20-day exponential moving average ($3,540), and on December 27, bears prevented a rebound. The $3,200 level is potential short-term support for the ETH/USDT pair. If this support fails, the pair could drop to $3,000 and then $2,850, so it’s crucial to monitor it closely in the near future.
We anticipate a strong showing of buyers in the $3,000 to $2,850 price range. In order to signal that selling pressure is easing, the price needs to be driven and maintained above the 20-day exponential moving average (EMA). Once the price breaks above $3,555, it will most certainly continue to rise, eventually reaching $4,094, a level of formidable resistance.
XRP Tests Key Support
Bitcoin Altcoins Test Key XRP ($2.19) is likely heading for a decline to the support line after closing below the 20-day exponential moving average ($2.23) on December 26th. We anticipate the XRP/USDT pair to remain within the support and resistance lines of the symmetrical triangle pattern for an extended period. Neither bulls nor bears have a distinct edge due to the flat 20-day EMA and the RSI near the midway.
The next trending movement will probably start once the price breaks out of the triangle, either up or down. If it breaks out above the resistance line, the pair might reach $2.91; a drop below the support line would indicate that it may have reached its short-term limit. After that, the price might fall to $1.62.
BNB Faces Resistance $635 Support in Focus
On December 27, the bears resisted BNB$ 724.89’s attempt to break clear of the $722 overhead resistance. With each successive failure to surpass $722, the likelihood of a drop below the 20-day exponential moving average ($689) grows. In such a scenario, the 50-day simple moving average ($668) and then strong support at $635 could be the next target for the BNB/USDT pair.
The bulls are likely to start purchasing at this level, which would mean that the pair stays range-bound between $635 and $722 for a bit. If the price rebounds off the 20-day EMA, the bulls will try to drive the pair above $722 again. Hopefully, they can propel the pair upwards, potentially reaching $760 and eventually surpassing the formidable barrier at $794.
FAQs
How might Bitcoin's price behave in the near future?
If Bitcoin closes below its 50-day simple moving average, it could drop below $90,000, with potential support levels at $85,000 and $73,777.
What is the current outlook for Ether (ETH)?
Ether has fallen below its 20-day exponential moving average, with $3,200 acting as a short-term support level. If this fails, ETH could drop to $3,000 or $2,850.
What does XRP's chart suggest?
XRP is testing key support levels after closing below its 20-day EMA. It is currently within a symmetrical triangle pattern, and a breakout above or below could signal the next move.
What is the situation with BNB's price action?
BNB is struggling to break above the $722 resistance, with a possible decline to $635 support. A rebound at this level could lead to a range-bound movement between $635 and $722.
