Bitcoin, Altcoin Selloff As Global Tensions Lead Traders To Reduce Risk

Key Points:-

Bitcoin is trying to find support near the $88,000 level, which indicates positive sentiment.

Buyers should defend against support levels in selected major altcoins, or the recovery may fail.

Bitcoin (BTC) is trying to find support around $88,000, but a handful of US and global macroeconomic factors are creating headwinds for the entire crypto market. As a result, the buyers are taking a cautious approach and perhaps waiting to see how the renewed trade war between the US and the EU will affect the market.

The biggest question on the minds of traders is how low the price of BTC can be. In an article posted on X, veteran trader Peter Brandt added that BTC could go down to $58,000 to $62,000, but he is 50% wrong and will not be ashamed if the price does not go there.

Fundstrat's head of research Tom Lee has warned investors to prepare for a “catastrophic crash” in the stock and crypto markets in 2026. However, a bit positive Li expects a strong finish to the year, with BTC possibly hitting a new all-time high.

Can buyers arrest the fall of BTC and major altcoins? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Buyers tried to start a recovery in BTC on Wednesday, but the bears caught the bears, indicating selling in the rallies.

The 20-day exponential moving average ($91,786) is trending lower, and the relative strength index (RSI) is in negative territory, indicating that the bears have a slight edge. If the support of $86,500 is given, the BTC/USDT pair may decline to $84,000.

Moving averages are expected as resistance during any rally, but if the bulls are defeated, the price of Bitcoin may rise to $94,789 and then to $97,924. A break above $97,924 indicates a potential trend reversal. The pair may rise to $100,000 and then to $107,500.

Ether price prediction

Ether (ETH) nosedived below its moving averages on Tuesday and reached the support line of a symmetrical triangle pattern.

The bulls are trying to protect the support line, but the weak resistance indicates that the bears have continued to push. If the price breaks below the support line, the ETH/USDT pair may drop to $2,623.

Time is running out for the bulls. To get back into the game, Ether's price must quickly push above its moving averages. Rulers can increase speed after getting close to above the defensive line.

BNB price prediction

BNB (BNB) bounced back below the 50-day SMA ($885) on Wednesday, indicating that the market has rejected the gap above $928.

The price of BNB may slide along the bullish line that the bulls are expected to enter. A retracement from a high line may face selling by moving averages. If the price declines from the moving averages, the BNB/USDT pair may sink below the uptrend line. The pair may test the $790 support.

Buyers need to push the price above the $959 level to take control. If they can do that, the pair could rise to $1,087.

XRP price prediction

XRP remains pinned below its moving averages, indicating that the bears will continue to exert pressure.

The bears will try to pull the price of XRP to $1.77 and then to the critical support at $1.61. Buyers are expected to defend the zone between the $1.61 level and the support line of the descending channel pattern. If the price moves well out of the support zone, it suggests that the pair may remain in the channel for a longer period.

To dominate, buyers must push the price above the low line. The couple can raise about $2.70.

Solana price forecast

Solana's (SOL) break below the 50-day SMA ($132) suggests that the price may remain in the $117 to $147 range for a few more days.

The $117 level is an important support for tracking the lows, as a break below could indicate a resumption of the downtrend. The SOL/USDT pair may drop to $95.

Conversely, a break and close above $147 would indicate that the bulls beat the bears. That suggests a possible trend reversal, pushing Solana's price to $172 and then to $189.

Dogecoin price prediction

Dogecoin (DOGE) reached the $0.12 support expected to attract strong buying from the bulls.

The rally is selling at the 20-day EMA ($0.13). If the price falls significantly below the 20-day EMA, the risk of rallying below the $0.12 support increases. The DOGE/USDT pair may retest the October 10 low of $0.10.

Contrary to this assumption, a break above the moving averages suggests that Dogecoin price may remain in the $0.12 to $0.16 range for some time. The advantage tilts in favor of the bulls on the close above the $0.16 resistance.

Cardano price prediction

Cardano (ADA) is trying to take support near $0.33, but the recovery is expected to sell in the zone between the moving averages and the downtrend line.

If the price of Cardano falls sharply from the resistance, the possibility of breaking below the level of $0.33 will increase. The ADA/USDT pair may descend to the support line of the descending channel pattern. Buyers are expected to defend the support line, which is close to the October 10 low of $0.27.

If the price reverses and breaks above the downtrend line, this negative view is worthless in the near term. The pair may rise to the $0.50 breakout level.

Related: Can Bitcoin Recover to $90K? Bulls are vulnerable as long-term holders push the selloff.

Bitcoin Cash price prediction

The return of Bitcoin Cash (BCH) is finding support at the $563 level, which shows interest in lower levels.

The recovery is expected to sell at the 20-day EMA ($602). A break below the $563 support increases the risk if the price declines significantly from the 20-day EMA. The BCH/USDT pair may drop to $518.

Alternatively, a break above the moving averages suggests that the bulls are trying to pull back. The price of Bitcoin Cash can rise to the $631 level, which is expected to create a strong challenge.

Monero price prediction

Monero (XMR)'s 20-day EMA ($541) topped $650 on Monday, indicating a sell-off in rallies.

The price of Monero fell sharply on Tuesday and closed below the 20-day EMA. This suggests that the XMR/USDT pair may be over in the near term. The pair can complete a 100% recap and drop to $417.

Buyers have an uphill task ahead of them. The support rally is expected to be sold at the 20-day EMA and then at the $650 level. A close above the $650 level indicates that the bulls are back in the game.

Chainlink price prediction

Chainlink (LINK) slipped below its moving averages on Monday, indicating that range-bound action may continue for some time.

Flat moving averages and the RSI near the 40 level do not give a clear advantage to either the bulls or the bears. A break below the $11.61 to $10.94 support zone would tilt the advantage to the bears. The LINK/USDT pair may drop to the October 10 low of $7.90.

To signal strength, buyers should drive Chainlink's price above the $14.98 level. The pair can be raised to $17.66.