Crypto: Price Predictions 1/30: Btc, Eth, Bnb, Xrp, Sol, Doge, Ada, Bch,...

Technical charts tilt toward further downside for Bitcoin and altcoins if BTC’s critical $80,000 fails to hold. Does data suggest that bulls are buying the dips?

Bitcoin’s break below $84,000 tilts the advantage in favor of the bears, opening the doors for a potential fall to $74,508.

Several major altcoins have slipped below their support levels, signaling that the bears are attempting to take charge.

Bitcoin (BTC) remains under pressure as sellers attempt to sustain the price below the $84,000 level. BTC’s fall near $81,000 caused $1.77 billion in liquidations in the past 24 hours, per CoinGlass data.

Several analysts have turned bearish and expect BTC’s downtrend to continue. They anticipate BTC to fall below the crucial $74,500 low, made in April 2025, following US President Donald Trump’s “Liberation Day” tariff announcement.

However, not everyone is bearish on BTC. Swyftx lead analyst Pav Hundal told Cointelegraph that BTC may form a bottom over the next 40 days if history repeats, as BTC bottoms “have historically lagged gold’s relative strength by about 14 months.”

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

BTC turned down sharply from the 20-day exponential moving average ($89,165) on Thursday and fell below the $84,000 support.

The $80,600 level is the crucial support to watch out for in the near term. If bears pull the Bitcoin price below $80,600, the BTC/USDT pair may extend the decline to the critical support at $74,508.

Buyers are likely to have other plans. They will attempt to defend the $80,600 level and push the price above the moving averages. If they do that, it shows that the market has rejected the dip below $84,000. The pair may then surge to the $94,789 to $97,924 resistance zone.

Source: CoinTelegraph