Key Points:

• Bitcoin fell below $77,000, signaling that the bears are ready to take control.
• Altcoins are a mixed bag, with some trying to break through upper resistance while others are struggling to maintain support.

Bitcoin (BTC) dropped below $77,000, indicating that the bears are trying to take control. Glassnode stated that the true market average is $78,300 has historically been the dividing line between bear and bull market regimes. If the price drops sharply below the level, it suggests that the recent rally may have been a “local top within an ongoing bear market.”

Institutional investors appear to be selling, as evidenced by the pointed decline in Coinbase premiums over the past few days. LVRG Research Director Nick Ruck told Cointelegraph that drop in sales of Coinbase premium signals from huge holders, which “may impact near-term price dynamics of major crypto assets.”

A daily view of cryptocurrency market data. Source: TradingView

What is the key level that suggests the bulls are back in power? Independent analyst Filbfilb said in a post on X that the previous two bear markets ended after a “weekly candle >+20% and a break of the weekly supertrend.” If the current bear trend must fail, BTC must fail rising above the supertrend level of $88,000.

Can BTC and select major altcoins maintain mighty support levels? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC price rejected at the 20-day exponential moving average ($78,280), suggesting that the bears are trying to take control.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The $76,000 level is a critical support to watch on the bearish side, as a close below this level would indicate a bearish edge. This increases the risk of a drop to support lines, which is likely to attract buyers.

The bulls’ time is running out. To gain an advantage, they will need to push and sustain the BTC price above the 20-day EMA. If they do so, the BTC/USDT pair could begin its journey towards $82,000 and eventually reach the key $84,000 level.

Ether price prediction

Sellers are trying to stop Ether (ETH) below the support line, but the bulls keep the pressure.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Bulls will need to push the ETH price above the moving averages to signal a comeback. If this happens, it suggests that a break below the support line may have been a bear trap. The ETH/USDT pair may climb to $2,465 and then to the resistance line in an ascending channel formation.

Contrary to this assumption, if the price drops from the current level or the 20-day EMA and breaks below $2,077, it would mean that the bears remain in control. This could push the pair down to the support at $1,916.

BNB Price Forecast

BNB (BNB) rose above the 20-day EMA ($650) on Wednesday, with bulls trying to push the price to $687.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will try to defend the resistance at $687, but if the bulls prevail, the BNB/USDT pair could march towards $730 and then $790. Such a move suggests that the pair may have hit a low of $570.

The bears probably have other plans. They will try to defend the overhead resistance and drag the BNB price below the 50-day plain moving average ($631). If they can do that, the couple could extend their stay in the $570 to $687 range for a while.

XRP price forecast

XRP (XRP) remains below the moving averages, which indicates that the bears have no intention of giving up their advantage.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will try to strengthen their position by pushing the XRP price below the $1.27 support level. If they succeed, the XRP/USDT pair could fall to $1.11, where buyers are expected to step in.

The first sign of strength will be a close above the downtrend line. The pair could then rise to $1.61, which is a key level to watch. If buyers overcome this barrier, the pair could rise towards $2.40.

Solana price forecast

Salted (SALT) the support rally has reached the 20-day EMA ($87.83), where the bears are expected to pose a solemn challenge.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

If buyers push the SOL price above the 20-day EMA, it suggests that demand is at a lower level. The SOL/USDT pair could then climb to the general resistance at $98. A close above $98 signals the beginning of a novel upward move towards $117.

On the contrary, if the price drops sharply from the 20-day EMA and falls below $82.65, it suggests that the bears remain in control. The pair could then fall to the support at $76.

Dogecoin price forecast

Dogecoin (DOSE) rose from the 50-day SMA ($0.10) on Wednesday, but the relief rally is meeting resistance at the 20-day EMA ($0.11).

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If buyers break the 20-day EMA, the DOGE/USDT pair could rise to overall resistance at $0.12. Sellers are expected to defend the $0.12 level as a close above this level would represent a short-term trend reversal. The price of DOGE may then boost to $0.14 and later to $0.16.

The 50-day SMA is critical support to watch on the downside, as a break below it could push this pair down to the $0.09 level.

Hyperfluid price prediction

Hyperfluid (HYP) continued its upward trend, reaching a record high of $62.65 on Thursday.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are fiercely defending the $59.41 level, not allowing the bulls to close above this level. The first support on the downside is the 38.2% Fibonacci retracement level of $53.29. If the HYPE price rebounds strongly from the $53.29 level, the bulls will once again try to resume the uptrend. A close above $62.65 paves the way for an boost towards $77.

Alternatively, a close below the $53.29 level suggests short-term investors are booking profits. The HYPE/USDT pair could then drop to the 50% retracement level of $50.41 and then the 20-day EMA ($46.97). The deeper the decline, the longer the time it takes for the uptrend to resume.

Related: XRP adds 4,300 novel wallets in 24 hours, but why does the price stay the same?

Cardano Price Forecast

Cardano (ADA) is trading just below its moving averages, suggesting that the bulls have not given up.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

A break and close above the 20-day EMA ($0.25) paves the way for a recovery to $0.29 and then to $0.31. Buyers will need to break the $0.31 barrier to signal the beginning of a novel upward move.

Instead, if the ADA price declines relative to the moving averages, it suggests that the bears remain in control. Support is located at $0.24, but if the level breaks, the ADA/USDT pair could fall to the lower end of the $0.22 to $0.31 range.

Zcash Price Forecast

Zcash (ZEC) jumped a pole above resistance at $643 on Wednesday, but bulls are struggling to sustain higher levels.

ZEC/USDT daily chart. Source: Cointelegraph/TradingView

The relative strength index is creating a negative divergence, which indicates that the growth momentum is weakening. If the ZEC price closes below the $643 level, it signals the possibility of a deeper correction towards the 20-day EMA ($547).

If the ZEC/USDT pair rebounds from the current level or the 20-day EMA, it means that the uptrend remains intact. The bulls will then make one more attempt to break the $690 level, paving the way for a rally to the $750 resistance.

Bitcoin Cash Price Forecast

Bitcoin Cash (BCH) has risen above the breakdown level of $375, but the rebound is not mighty.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

Increased relief is expected to occur amid a sell-off at the 38.2% Fibonacci retracement level of $393 and then at the 20-day EMA ($414). If the BCH price drops from $393, the risk of breaking below $348 increases. The BCH/USDT pair may then resume its downtrend and fall to $300.

This negative sentiment will be invalidated in the near future if buyers ride and keep the price above the 20-day EMA.