Bitcoin Rally Stalls Near $70K: Will Altcoins Keep Going?

Key Points:-

Bitcoin continues to sell off in minor rallies, indicating negative sentiment.

Several altcoins have turned down above resistance levels, indicating that bears are active at higher levels.

Bitcoin (BTC) continues to sell off in rallies, with bears trying to break the price below $66,000. However, some analysts believe the damage may be limited.

Analyst Willy Wu said in a post on X that the sell-off may have been exhausted and that BTC may be entering a period of consolidation. He expects the recovery to be rejected in the mid-$70,000 range. Woo expects the bearish trend to end in Q4 this year and the bullish momentum to begin in Q1 or Q2 2027.

Another positive sign in favor of the bulls is that BTC exchanges are starting to attract investors. BTC ETFs have recorded $1.01 billion in inflows since Tuesday, according to Soso Value data.

Analysts expect Ether (ETH) to remain on the sidelines for some time. Swyftx lead analyst Pav Hundal told Cointelegraph on Thursday that ETH is “bought over the next few weeks” and could test even “the most experienced investors” in the medium term.

Can BTC and select major altcoins hold their support level? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC's support rally is facing selling at the 20-day exponential moving average ($68,895), which indicates negative sentiment.

The BTC/USDT pair has formed a symmetrical triangle, which is usually seen as a continuation pattern. If the price of Bitcoin continues lower and breaks below the support line, it risks rallying to the $60,000 level. If that happens, the pair could dip to the next major support at $52,500.

The first signal of strength will be close above the protection line. The couple can collect up to a $74,508 breakdown. The close above $74,508 indicates that the price may drop to $60,000, so this is an important level to protect the bears.

Ether price prediction

Buyers pushed ETH above $2,111 resistance on Wednesday but failed to sustain the breakout.

The price of Ether fell sharply from the resistance of $ 2,111, which indicates that the bears are strongly defending the level. That suggests that the ETH/USDT pair may extend its stay in the $1,750 to $2,111 range for some time.

The next trending move is expected to start above $2,111 or below $1,750. If the $1,750 level is broken, the next stop could be $1,537. Alternatively, a close above $2,111 could push the pair towards the 50-day SMA ($2,494).

XRP price prediction

XRP (XRP) remains stuck between the 20-day EMA ($1.44) and the support line of the descending channel pattern.

Sellers will try to break the XRP price below the support line, but may face strong resistance from the bulls. If the price breaks strongly from the support line, the bulls will again try to push the XRP/USDT pair above the 20-day EMA. If successful, the pair could rally towards the 50-day SMA ($1.67) and then the downtrend line.

Conversely, a break and close below the support line puts it at risk of breaking the February 6 low of $1.11. The pair can fall to psychological support for $1.

BNB price prediction

Sellers are trying to stop BNB's (BNB) recovery at the 20-day EMA ($638), but the bulls continue to push.

This indicates a strong potential to break above the 20-day EMA in the near term. The BNB/USDT pair may reach the breakout level towards $669 and then towards $730.

This bearish view will be rejected in the near term if the price declines significantly from the 20-day EMA and breaks below the $570 support. That signals a resumption of the downtrend toward psychological support at $500.

Solana price forecast

Solana (SOL) rose above the 20-day EMA ($86) on Wednesday, but the bears stopped the recovery at the $95 level.

Sellers have pushed the price below the 20-day EMA, opening the door to a downside towards the $75 level. If the price rebounds with the strength of $75, it suggests that the bulls are trying to create a higher low. The SOL/USDT pair can be consolidated between $75 and $95 for a few days.

Contrary to this assumption, the closeness below the $75 level suggests that the bears will remain in control. Solana prices could drop to a February 6 low of $67.

Dogecoin price prediction

Dogecoin (DOGE) broke above the 20-day EMA ($0.10) on Wednesday, but the bulls could not sustain the higher levels.

Sellers will try to pull the price of Dogecoin below the $0.09 support. If you can pull it off, the DOGE/USDT pair could retest the February 6 low of $0.08. A strong rebound from the $0.08 level indicates a potential range formation. The pair may fluctuate between $0.08 and $0.12 for some time.

The bulls are back in the driver's seat after taking the price above the $0.12 resistance. That opens the doors to a rally to $0.16.

Bitcoin Cash price prediction

Buyers pushed Bitcoin Cash (BCH) above the $500 level on Wednesday and Thursday, but the long wick on the candles indicates selling at higher levels.

Sellers will try to push the price of Bitcoin Cash to a strong support at $443, which is a critical support to watch out for. If the price closes below $443, the BCH/USDT pair will complete a bearish head and shoulders pattern. That could start a new downtrend towards $380.

To prevent losses, buyers should quickly push the price above the moving averages. If you do that, the pair can go for $580.

Related: Bitcoin To $30K? Analysts debate when and at what price BTC will depreciate.

High Liquidity Price Prediction

Hyperliquid (HYPE) has been trading in a large range between $20.82 and $36.77 over the past few days.

Flat moving averages and an RSI near the midpoint do not give a clear advantage to either the bulls or the bears. If the price sustains above the 20-day EMA ($29.07), the HYPE/USDT pair may rise towards $32.50 and later towards the strong resistance of $36.77.

On the downside, bears need to drag the price of Hyperliquid below the $25.62 support to prevail. That clears the way to a strong support drop at $20.82. A break above $36.77 or below $20.82 could initiate the next uptrend.

Cardano price prediction

Cardano (ADA) cleared the 20-day EMA ($0.28) barrier on Wednesday, but the bulls failed to break through the 50-day SMA ($0.31).

A positive sign for the bulls is that they are attempting to hold a pullback at the 20-day EMA. If the price deviates from the 20-day EMA, buyers will make another attempt to overcome the barrier on the lower line. If they succeed, the ADA/USDT pair could rally to $0.44. Such a move indicates a short-term trend change.

Instead, if the price of Cardano breaks and closes below the 20-day EMA, it indicates that the bears are active at higher levels. That could keep the pair in a descending channel for some time.

Chainlink price prediction

Chainlink (LINK) broke above the 20-day EMA ($9) on Wednesday, but the bulls are struggling to sustain higher levels.

Sellers will try to pull the price of Chainlink to strong support at $8. Buyers are expected to defend the $8 level with all their might.

This negative outlook will become valuable in the near term if the price closes and closes above the 20-day EMA. The bulls will try to advance the pair to $10.94 to $11.61 in the upper resistance zone.