Price Predictions 12/29: Spx, Dxy, Btc, Eth, Bnb, Xrp, Sol, Doge,...

Bitcoin and several major altcoins are stumbling near their overhead resistance levels, indicating that the bears remain active at higher levels.

Bitcoin continues to face significant selling near the $90,500 level, making it a critical short-term resistance to watch.

Several altcoins show a positive divergence on the RSI indicator, indicating that the selling pressure may be reducing.

Buyers pushed Bitcoin (BTC) above $90,000 at the start of the week, but the long wick on the candlestick shows selling at higher levels. Buyers will strive to achieve a yearly close above the year’s opening level of about $93,000, while the bears will try to defend it. That may increase volatility in the short term.

The next important question in investors’ minds is how BTC will perform in 2026. Bitwise chief investment officer Matt Hougan said on CNBC that BTC will “be up” in the next year. For the next decade, Hougan feels the returns will be strong but not spectacular.

Market participants should keep a close watch on the inflows into digital asset investment products for signs of recovery.

CoinShares head of research James Butterfill said in the latest report that crypto exchange-traded products have recorded $3.2 billion in outflows since Oct. 10, indicating investor “sentiment has yet to fully recover.”

Could BTC and the major altcoins start a relief rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

The S&P 500 Index (SPX) made a new all-time high on Wednesday and followed that up with another intraday high on Friday.

If buyers maintain the price above 6,920, the uptrend could resume. The index could climb to 7,120 and then to 7,290.

Source: CoinTelegraph