Crypto Rally Stops As BTC Falls Short At $98K: Will Dip Buyers Arrive?

Key Points:-

Bitcoin is trying to find support near the $94,500 level, indicating positive sentiment.

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

Bitcoin (BTC)'s shallow retracement is attempting to find support around $94,500, indicating the absence of aggressive selling by bulls. A positive sign is that BTC's rally above $97,500 has been supported by strong buying by institutional investors since Monday. According to Farside Investors, the spot BTC exchange recorded $1.81 billion in net revenue this week.

BitMEX co-founder Arthur Hayes said in a post on Wednesday that BTC will regain its footing in 2026 as dollar equity expands.

While recent signals point to a possible rally above the $100,000 psychological level, traders should remain vigilant. Daan CryptoTrades said in a post on X that BTC should hold the $94,000 range, as a break below “doesn't look pretty.”

Will BTC and the major altcoins continue their rally? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC pierced the resistance of $96,846 on Wednesday, but the bulls could not sustain the high levels. The price fell below the consolidation level on Thursday.

A small positive in favor of the bulls is that they do not leave much room. If the price breaks above the current level and breaks above $97,925, it will signal the resumption of the upward movement. The BTC/USDT pair could rally to $107,500, with a small stop at $100,000.

This positive outlook will be invalidated in the near term if Bitcoin price declines and breaks below the 20-day exponential moving average (EMA) ($92,083). The pair may descend towards the 50-day simple moving average (SMA) ($90,127).

Ether price prediction

Ether (ETH) bulls are trying to hold the price above the resistance line, but the bears continue to put pressure.

Moving averages are an important support to watch on the downside. If the price rebounds from the moving averages, the bulls will try to drive the ETH/USDT pair to $3,659 and then to $4,000.

Alternatively, a close below the moving averages suggests that a break above the triangle may be a bull trap. The price of Ether may drop to the support line. Buyers will try to defend the support line because a break below it will tilt the advantage to the bears. The pair could fall to $2,623.

XRP price prediction

XRP (XRP) bounced back from its moving averages on Tuesday, but Wednesday's rally was congested, showing a sell-off on every minor rally.

The bears will try to pull the XRP price below the 50-day SMA ($2.01). If they succeed, it suggests that the XRP/USDT pair may remain in a descending channel for some time.

The bulls need to push the price above the lower line to signal a short-term trend reversal. The pair could then rise to $2.70. On the downside, a close below the support line could sink the pair to the October 10 low of $1.25.

BNB price prediction

BNB (BNB) is seeing a fierce battle between bulls and bears at the $928 breakout level.

An upward 20-day EMA ($903) and a relative strength index (RSI) above the 61 level indicate that bulls are dominant. If the price of BNB changes from $928, it indicates that buyers have reversed the level to support. That raises the prospect of a rally to the $1,066 pattern target.

Conversely, if the price breaks below the moving averages, it suggests that a break above $928 could be a bull trap. The BNB/USDT pair may go down to the top line.

Solana price forecast

Solana (SOL) declined from the $147 level on Thursday, but a positive sign that the bulls did not give much ground to the bears.

The rising 20-day EMA ($137) and the RSI in positive territory suggest that buyers are in control. That adds the possibility of a break above the $147 resistance. The SOL/USDT pair may rise to $172.

To weaken the bullish momentum, sellers should take the price below the 50-day SMA ($132). Solana prices may stay in the $117 to $147 range for a few more days.

Dogecoin price prediction

Dogecoin's (DOGE) breakout from Tuesday's moving averages failed to reach the highest resistance at $0.16, indicating a lack of interest at higher levels.

Flat moving averages and an RSI near the midpoint suggest that the DOGE/USDT pair may form a range in the near term. If the price of Dogecoin slips below the moving average, the pair may drop to $0.13 and then to $0.12.

Buyers need to push the price above the $0.16 level to take control. If you do that, the pair can increase to $0.20. Such a move indicates that the market has rejected the breakdown below $0.13.

Cardano price prediction

Cardano (ADA) bounced back from the downtrend line on Wednesday, indicating that the bears are active at higher levels.

There is minor support at $0.38, but if the level is broken, the ADA/USDT pair could slide to $0.33. Buyers are expected to aggressively defend the $0.33 level as a break below could sink the pair to the October 10 low of $0.27.

The first strength signal breaks and closes above the bottom line. The price of Cardano may rise to the level of $0.50 split, it is expected that the bears will mount a strong defense.

RELATED: Buying Ethereum ETF Outpaces New Supply: Will ETH Push Price To $4.5K?

Monero price prediction

Monero (XMR) rose to $800 on Wednesday, but the long wick on the candlestick indicates oversold.

The reversal is expected to find support at the 38.2% Fibonacci retracement level at $653 and below the 50% retracement level at $608. If the price bounces back from the support, the bulls will again try to push the XMR/USDT pair above $800. If they can pull it off, the price of Monero can continue to rise to $1,000.

Conversely, a break and close below $608 suggests that the bulls are losing their grip. The pair may then move down to the 20-day EMA ($543).

Bitcoin Cash price prediction

Bitcoin Cash (BCH) attempted a rally above the $631 resistance on Thursday, but the bears successfully maintained the level.

The 20-day EMA ($613) has started to decline, and the RSI is in negative territory, indicating a slight edge for the sellers. If the price stays below the 50-day SMA ($591), the BCH/USDT pair may drop to $563 and then to $518.

Buyers may have other plans. They will try to defend the 50-day SMA and quickly push the price of Bitcoin Cash above the $631 level. If they can do that, the pair could go up to $720.

Chainlink price prediction

Chainlink (LINK) remains stuck in the $11.61 to $14.98 range, indicating buying near support and selling near resistance.

Moving averages are an important support to watch on the downside. If the price rebounds from the moving averages, the bulls will make another attempt to drive the LINK/USDT pair above the $14.98 resistance. If they succeed, Chainlink's price could rise to $17.66.

Instead, if the price slips below the moving averages, it suggests that the pair may extend its stay in the range for more time.