Negative Investor Sentiment Caps Bitcoin, Altcoin Lines Near Regional Highs

Key Points:-

Bitcoin is trying to recover from the $84,000 level, but bears continue to sell in rallies.

Several major altcoins are struggling to start a recovery, but Bitcoin Cash looks strong in the near term.

Bitcoin (BTC) rose above $89,000 after the Bank of Japan (BoJ) rose nearly 0.75% on Friday, but the bulls are struggling to hold higher levels. Although BoJ rate hikes are generally considered negative for risk assets, BitMEX co-founder Arthur Hayes told X followers not to fight the BoJ because negative real rates are a clear policy. Hayes predicts USD/YEN to reach 200 level and “BTC to one million”.

While the long-term picture remains bleak, near-term uncertainty remains. The biggest question on investors' minds is whether the rallies should be sold or whether this is a good buying opportunity. In a post on X, Fidelity's Director of Global Macroeconomic Research, Jurien Timmer, noted that BTC rose above $125,000, signaling the end of a four-year halving cycle. He expects BTC to witness a break with support in the $65,000 to $75,000 zone in 2026.

In another 2026 prediction, Tether CEO Paolo Arduino said BTC may not witness “an 80% sharp correction like we saw in 2022 or early 2018.” However, BTC can be affected by the so-called AI bubble due to its proximity to the capital markets.

What are the critical support and resistance levels to look out for in BTC and major altcoins? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Buyers are trying to protect the $84,000 support, but the recovery is expected to sell through the moving averages.

A downward sloping 20-day EMA ($89,369) and a relative strength index (RSI) in negative territory suggest that the bears have a slight edge. A break below $84,000 is more likely if the price declines significantly below the 20-day EMA. The BTC/USDT pair may drop to $80,600.

Buyers should drive and sustain Bitcoin price above the $94,589 resistance to signal a possible near-term trend reversal. The couple can raise $100,000 and then $107,500.

Ether price prediction

Ether (ETH) is attempting a support rally from the support around $2,700, which indicates buying on the dips.

The bears are unlikely to give up easily and will strongly defend the zone between the 50-day simple moving average (SMA) ($3,161) and $3,450. If the price of Ether falls significantly above the resistance, the ETH/USDT pair can retest the support zone from $2,700 to $2,623. If the zone is broken, the pair could drop to $2,250.

This negative view is worthless in the near term if the price breaks above the $3,450 resistance. The pair could then rise to $3,918.

BNB price prediction

BNB (BNB) is trying to break a bullish line, but higher levels may attract sellers.

If the price of BNB declines significantly from the moving averages, the possibility of a drop to the $790 support increases. A break below it could sink the BNB/USDT pair to $730, so buyers are expected to defend the $790 level with all their might.

Conversely, a break and close above the $928 resistance will complete the ascending triangle pattern. That marks the end of the adjustment phase and has opened the gates of 1,066 rallies for the target.

XRP price prediction

XRP (XRP) is trying to break the support line of the descending channel pattern, indicating the need for lower levels.

Downward moving averages and an RSI in negative territory indicate the upside for the bears. If the price breaks from the moving averages, the bears will try to support the XRP/USDT pair towards $1.61.

Instead, if the XRP price continues higher and breaks above the 50-day SMA ($2.15), it suggests that the pair may remain in the channel for some time. The bulls get the upper hand on the close above the bottom line.

Solana price forecast

Solana (SOL) fell below the $121 level on Thursday, but bears are struggling to maintain lower levels.

A recovery is expected at the 20-day EMA ($131) and then a sell-off at the 50-day SMA ($142). If the price declines from the moving averages, the bears will again try to pull the SOL/USDT pair below $121. If they can do that, Solana's price could drop to $110 and then to $95 support.

Conversely, if buyers drive the pair above the $147 resistance, it indicates a short-term trend reversal. The couple can raise about $172.

Dogecoin price prediction

Dogecoin (DOGE) remains below $0.14, but the bulls are trying to start a rally.

The RSI is showing positive divergence, which indicates that the bear momentum is weakening. The bulls need to push and sustain the DOGE/USDT pair above the $0.16 level to signal a comeback.

Sellers may have other plans. They will try to stop the rally at the $0.14 breakout level. If they do that, the $0.14 level suggests a pullback to resistance. This increases the risk of a decline to the October 10 low of $0.10.

Cardano price prediction

Cardano (ADA) fell below the $0.37 support on Wednesday, but the bulls are trying to regain the level on Friday.

A positive divergence on the RSI indicates that the selling pressure is decreasing. Buyers will try to push the price above the 20-day EMA ($0.40). If they can pull through, the ADA/USDT pair may rally towards the $0.50 breakout level. Sellers will try to defend the $0.50 level, turning to resistance.

On the downside, a break and close below $0.34 would indicate a resumption of the downtrend. Cardano price may drop to $0.27 level.

RELATED: SOL Price Action Delays Broader Altcoin Market: Is Solana's heyday over?

Bitcoin Cash price prediction

Buyers successfully defended the 50-day SMA ($535) in Bitcoin Cash (BCH), indicating positive sentiment.

The bulls will try to strengthen their position by pressing the price of Bitcoin Cash above the $615 resistance. If you can do that, you can continue the upward movement of the BCH/USDT pair. The pair could rally to $651 and then to $720.

On the other hand, if the price declines significantly from $615 and below the 50-day SMA, it suggests that the pair may consolidate for a few days in the larger range between $443 and $615.

High Liquidity Price Prediction

Hyperliquid (HYPE) is up from $22.19, indicating that the bulls will strongly defend the October 10 low of $20.82.

The rally may reach the 20-day EMA ($28.86), which is an important overhead resistance to watch. If the price falls significantly below the 20-day EMA, it indicates that the bears will continue to sell in rallies. That adds to the risk of a break below the $20.82 support. If that happens, the HYPE/USDT pair could drop to $16.90.

On the other hand, a break above the 20-day EMA suggests that the bears are losing their grip. Hyperliquid's price may rise to the $35.50 breakout level.

Chainlink price prediction

The bulls are trying to stop Chainlink (LINK)'s slide into the $11.61 to $10.94 support zone.

The recovery is expected to face resistance at the 50-day SMA ($13.99). If Chainlink's price breaks down from the 50-day SMA, the $10.94 support could come under pressure. If the level is broken, the LINK/USDT pair could drop to the October 10 low of $7.90.

On the other hand, a break and close above the $15 level indicates that the bulls will strongly defend the $10.94 support. That clears the way for a rally to $16.80 and then to $19. That brings the larger $10.94 to $27 range into play.

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