Crypto: Price Predictions 1/21: Btc, Eth, Bnb, Xrp, Sol, Doge, Ada, Bch,...
Technical charts highlight improving fundamentals in Bitcoin and select altcoins, but bears selling the range highs and softening investor sentiment threaten to snuff out the recovery.
Bitcoin is attempting to find support near the $88,000 level, signaling a positive sentiment.
Buyers will have to defend the support levels in select major altcoins, or else the recovery could fizzle out.
Bitcoin (BTC) is attempting to find support near $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 possibly waiting to see how a reignited trade war between the US and EU will impact markets.
The big question on traders’ minds is how low BTC price could fall. Veteran trader Peter Brandt said in a post on X that BTC could plunge to $58,000 to $62,000, but he added that he is wrong 50% of the time and would not be ashamed if the price did not go there.
Fundstrat head of research Tom Lee also cautioned investors to be ready for a “painful decline” across the stock and crypto markets in 2026. However, a minor positive is that Lee expects a strong finish to the year, with BTC possibly making a new all-time high.
Could buyers arrest the decline in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Buyers tried to start a recovery in BTC on Wednesday, but the bears held their ground, indicating selling on rallies.
The 20-day exponential moving average ($91,786) is sloping down, and the relative strength index (RSI) is in the negative territory, indicating that bears have a slight edge. If the $86,500 support gives way, the BTC/USDT pair could decline to $84,000.
The moving averages are expected to behave as a resistance during any relief rallies, but if the bulls prevail, the Bitcoin price could rally to $94,789 and then to $97,924. A close above $97,924 signals a potential trend change. The pair could then soar to $100,000 and subsequently to $107,500.
Source: CoinTelegraph
