Price Predictions 12/17: Btc, Eth, Bnb, Xrp, Sol, Doge, Ada, Bch,...
Bitcoin and altcoin rallies are being capped by heavy selling near the intraday range highs, leading some analysts to revise their end-of-year price estimates. What do technical charts say?
Bitcoin failed to hold above $90,000, indicating a lack of demand at higher levels.
Several major altcoins started a recovery, but the higher levels attracted solid selling pressure from the bears.
Bitcoin (BTC) bulls pushed the price above $90,000 on Wednesday, but higher levels attracted selling by the bears. Spot BTC exchange-traded funds (ETFs) have recorded outflows of $634.8 million this week, according to Farside Investors data, indicating a cautious approach by institutional investors.
CryptoQuant analyst MorenoDV_ said in a recent Quicktake analysis that the True Market Mean (TMM), which represents the cost basis of all non-dormant coins, excluding miners, acts “like a psychological line in sand.” If the TMM, currently at $81,500, cracks, BTC could fall sharply, searching for support in the coming months.
At the other end of the spectrum are Grayscale analysts, who remain optimistic about 2026. In its 2026 outlook report, Grayscale said that BTC could reach a new all-time high in the first half of next year on the back of macro tailwinds and better regulatory clarity in the US.
What are the crucial support and resistance levels to watch out for in BTC and major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Buyers pushed BTC back above the uptrend line on Wednesday, but the long wick on the candlestick shows selling at higher levels.
The bears will try to pull the Bitcoin price below the $84,000 support. If they manage to do that, the BTC/USDT pair could retest the crucial level at $80,600. Buyers are expected to fiercely defend the $80,600 to $73,777 zone.
The first sign of strength will be a break and close above the 20-day exponential moving average ($90,037). The pair could then climb to $94,589 and subsequently to the psychological level of $100,000.
Source: CoinTelegraph
