Traders See DOGE, SUI, PEPE and FTM Bitcoin Trading at $100K

Bitcoin (BTC) continues to witness a fierce battle between bulls and bears at the $100,000 level. CryptoQuant contributor Percival concluded Bitcoin's weekly strength in a Dec. 6 Quicktake blog post, suggesting that it should strengthen over time.

The recent uncertainty and price action haven't changed analysts' long-term bullish view on Bitcoin. WeRate co-founder Quentin Francois said in a post on X that bitcoin is “entering a bullish phase,” which could extend the rally for at most 12 months before a cyclical peak.

Along with Bitcoin, Donald Trump's US presidential victory boosted the value of many altcoins. However, Hartmann Capital Managing Partner Felix Hartmann explained in a post on X that venture capitalists and groups can profit from altcoins, which could lead to an ugly footing.

If Bitcoin enters a period of consolidation, will altcoins continue to outperform in the near term? Let's take a look at the top 5 cryptocurrencies with a solid chart structure.

Bitcoin price analysis

Bitcoin is facing resistance near the psychological critical level of $100,000, but the bulls are not rushing to the exit.

Tight consolidation around $100,000 improves the chances of an upside breakout. If buyers push the price above $104,088, the momentum may increase, and the BTC/USDT pair may rise to $113,331 and then to $125,000.

The 20-day exponential moving average ($95,285) is an important recent support worth noting. If this level breaks, it suggests that the bulls are rushing to book profits. The pair may drop towards $90,000 and then towards the 50-day simple moving average ($84,110).

The pair has been trading above its moving averages, indicating that it has a slight edge over the bulls. The move to the upside is expected to face strong resistance in the $101,900 to $104,088 zone. A break above the zone can launch the pair to $113,331.

Conversely, a break and close below the moving average may tempt short-term bulls to book profits. That price can take up to 90,000 dollars, which can attract buyers. If the price recovers from $90,000 and rises above the moving averages, it will indicate the formation of ranges. The pair could trade between $90,000 and $104,088 for a limited time.

Dogecoin price analysis

Dogecoin (DOGE) is rising in a bullish channel pattern, indicating that buyers are dominant.

The bulls tried to push the price above the resistance above $0.48, but the bears held their position. If the price changes from the current level or the 20-day EMA ($0.41), the bulls will again try to push the DOGE/USDT pair towards the channel's resistance line. The bears are expected to defend the defensive line with all their might, as a break above it could take the pair to $0.60.

Bears need to keep the price below the support line of the channel if they want to prevent the upside. The pair may fall towards the 50-day SMA ($0.30).

The pair is finding support at the 20-EMA, which indicates positive sentiment. The bulls will again try to clear the upside barrier at $0.48. If successful, the pair may move up to the channel's defensive line. If the price falls well below the resistance line and breaks below the 20-EMA, it suggests that the pair may remain in the channel for some time.

Conversely, a break and close above the resistance line indicates the start of the next hike towards $0.60.

Sui price analysis

Sui (SUI) is facing resistance around $4.50, but the bulls haven't given much ground to the bears. This suggests that buyers expect the upward movement to continue.

The SUI/USDT pair may slide towards $3.94 and towards the 20-day EMA ($3.66). If the price recovers from the 20-day EMA, the bulls will try to overcome the upside barrier at $4.50. If they can do that, the pair could start the next leg of the rally towards $5.31.

A minor concern is the growing negative divergence on the RSI. If the price breaks below the 20-day EMA, it indicates that the bulls are taking profits. That could sink the pair to the 50-day SMA ($2.93).

If the bulls fail to assert above $4.50, it may begin a return to $4. This is an important support to pay attention to because it increases the possibility of a rally above $4.50.

Conversely, a break and close below $4 suggests the bears are trying to get back into the driver's seat. The pair may slide towards the 50-SMA. If this support is broken, the pair could fall to $3.

Related: Here's what's happening in crypto today.

Pepe price analysis

Pepe (PEPE) has reached a high resistance of $0.000027 where bulls and bears can fight for dominance.

The 20-day EMA ($0.000021) is trending higher, and the RSI is in the overbought zone, indicating gains for buyers. If the bulls hold the price above $0.000027, the PEPE/USDT pair may rise to $0.000035 and then to $0.000044.

Contrary to this assumption, if the price falls below $0.000027, it shows that the bears will strongly defend the level. The pair may descend towards the 20-day EMA. Sellers need to break the price below the 20-day EMA to gain an advantage.

The bears pushed the price below $0.000024, but the bulls bought the dip to the 20-EMA. The bulls are again trying to push the price above $0.000027. If they manage to pull through, the pair could rise to $0.000035.

Time is running out for the bears. If they want to make a comeback, they need to quickly pull the price below the moving averages. The pair may slide towards a strong support near $0.000017.

Fantom price analysis

Phantom (FTM) broke above $1.23 resistance on Dec. 2, and the bulls thwarted the bears' attempts to push the price back below the rally. This suggests strong buying on dips.

The rising 20-day EMA ($1.09) and RSI indicate that buyers are dominant in overbought territory. The bulls will try to push the price towards $1.68, which could act as a strong barrier. However, if buyers drive the price above $1.68, the rally could extend to $2.

Critical support to watch on the downside is $1.23. A break and close below this support suggests that momentum is weakening. The FTM/USDT pair may descend towards the 20-day EMA.

The pair has pulled down the 20-EMA, indicating strong buying on each minor pot. If buyers push the price above $1.39, the pair could continue to rise towards the next target of $1.68.

Alternatively, if the price drops significantly below $1.39 and breaks below the 20-EMA, it would indicate that the bears are highly active. The pair may descend towards the 50-SMA. A break below the 50-SMA could tilt short-term gains in favor of the bears.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.