Price Predictions 12/19: Btc, Eth, Bnb, Xrp, Sol, Doge, Ada, Bch,...

Bitcoin and several major altcoins are attempting to start a recovery, but negative investor sentiment and selling at the range highs are preventing a stronger bull trend from forming.

Bitcoin is attempting a recovery from the $84,000 level, but the bears continue to sell on 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) hiked its rates to about 0.75% on Friday, but the bulls are struggling to hold onto the higher levels. Although a BoJ rate hike is generally considered negative for risk assets, BitMEX co-founder Arthur Hayes told his X followers not to fight the BoJ as negative real rates was the explicit policy. Hayes projected the dollar/yen to reach the 200 level and “BTC to a milly.”

While the long-term picture remains bullish, the near-term remains uncertain. The big question on investors’ minds is whether the rallies should be sold into or is this a good buying opportunity. Fidelity director of global macroeconomic research Jurrien Timmer said in a post on X that BTC may have topped out at $125,000, marking the end of its four-year cycle halving phase. He expects BTC to witness an off-year in 2026, with support in the $65,000 to $75,000 zone.

In another projection for 2026, Tether CEO Paolo Ardoino said BTC might not witness “sharp corrections of 80%, like we saw in 2022 or early 2018.” However, he said that BTC could be impacted by the so-called AI bubble due to its close correlation with the capital markets.

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 are attempting to defend the $84,000 support, but the recovery is expected to face selling at the moving averages.

The downsloping 20-day exponential moving average (EMA) ($89,369) and the relative strength index (RSI) in the negative territory suggest that bears have a slight edge. If the price turns down sharply from the 20-day EMA, the likelihood of a break below $84,000 increases. The BTC/USDT pair may then slump to $80,600.

Buyers will have to drive and maintain the Bitcoin price above the $94,589 resistance to signal a potential trend change in the near term. The pair could then rally to $100,000 and subsequently to $107,500.

Source: CoinTelegraph