Main points:
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Bitcoin faces selling in small rallies, indicating negative sentiment.
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Several altcoins have broken above the upper resistance level, indicating that the bears are active at higher levels.
Bitcoin (BTC) continues to sell off in rallies, with bears trying to push the price below $66,000. However, some analysts believe that the downside may be limited.
Analyst Willy Wu said in a post on X that the selloff may be over and BTC is likely to enter a period of consolidation. He expects the recovery to be rejected at an average level of $70,000. Woo expects the downtrend to end in Q4 of this year and the uptrend to begin in Q1 or Q2 of 2027.
Another positive sign in favor of the bulls is that BTC exchange funds have started to attract investors. BTC ETFs recorded inflows of $1.01 billion since Tuesday, according to SoSoValue.
Analysts also expect Ether (ETH) to remain sideways for some time. Swyftx lead analyst Pav Hundal told Cointelegraph on Thursday that ETH could be “subversive in the next few weeks” and could test even “sophisticated investors” in the medium term.
Can BTC and a selection of major altcoins hold their support levels? To find out, let’s analyze the charts of the top 10 cryptocurrencies.
Bitcoin price prediction
BTC’s bearish rally is being met by selling at the 20-day exponential moving average (EMA) ($68,895), indicating negative sentiment.
The BTC/USDT pair has formed a symmetrical triangle, which usually acts as a continuation pattern. If Bitcoin price continues lower and breaks below the support line, it will put the $60,000 level at risk of breaking. If this happens, the pair could fall to the next major support at $52,500.
The first sign of strength will be the approach from the resistance line. The pair can then rise to the $74,508 split level. This is a crucial level for bearish protection, as a close from $74,508 indicates that the price may fall below $60,000.
Ether price forecast
On Wednesday, buyers pushed ETH above the $2,111 resistance, but failed to sustain the breakout.
The price of Ether dropped sharply from the $2,111 resistance, which indicates that the bears are strongly defending the level. This suggests that the ETH/USDT pair may extend its stay in the range of $1,750 to $2,111 for some time.
The next trend move is expected to start near the top of $2,111 or below $1,750. If the $1,750 level is broken, the next stop is likely to be $1,537. Alternatively, a close from $2,111 could push the pair towards the 50-day simple moving average (SMA) ($2,494).
XRP price prediction
XRP (XRP) is stuck between the 20-day EMA ($1.44) and the support line of the descending channel pattern.
Sellers are trying to push the price of XRP below the support line, but the bulls are likely to face strong resistance. If the price breaks out of the support line with strength, the bulls will again try to push the XRP/USDT pair above the 20-day EMA. If they succeed, the pair can move to the 50-day SMA ($1.67) and then to the lower line.
Conversely, a break and close below the support line puts the February 6 low at $1.11 at risk of breaking. The pair can then fall to psychological support at $1.
BNB price forecast
Sellers are trying to stop the recovery of BNB (BNB) at the 20-day EMA ($638), but the bulls kept the pressure.
This indicates more potential for a possible break above the 20-day EMA in the near term. The BNB/USDT pair may rise to $669 and then to the $730 breakout level.
This bullish view will be rejected in the near term if the price breaks sharply below the 20-day EMA and breaks below the $570 support. This indicates a resumption of the downtrend to psychological support at $500.
Solana price forecast
Solana (SOL) broke above the 20-day EMA ($86) on Wednesday, but bears stopped the recovery at the $95 level.
The sellers pushed the price below the 20-day EMA, opening the gates for a drop to the $75 level. If the price rises above the $75 level with strength, it means that the bulls are trying to form a low. The SOL/USDT pair may consolidate between $75 and $95 in a few days.
Contrary to this assumption, a close above the $75 level indicates that the bears remain in control. The Solana price may drop to $67 after February 6.
Dogecoin price prediction
Dogecoin (DOGE) broke above the 20-day EMA ($0.10) on Wednesday, but the bulls failed to hold the higher level.
Sellers are trying to push the price of Dogecoin below the $0.09 support. If they can pull it off, the DOGE/USDT pair could retest the February 6 low of $0.08. A strong pullback from the $0.08 level indicates a potential range formation. This pair can change from 0.08 to 0.12 dollars in some time.
The bulls are back in the driver’s seat after pushing the price above the $0.12 resistance. This opens the door for a rally to $0.16.
Bitcoin Cash Price Prediction
Buyers pushed Bitcoin Cash (BCH) above the $500 level on Wednesday and Thursday, but a long wick on the candlesticks suggests selling at higher levels.
Sellers will try to push the price of Bitcoin Cash to the stable support at $443, which is an important support to watch out for. If the price closes above $443, the BCH/USDT pair will complete a head-and-shoulders downtrend. This could start a new trend towards $380.
Buyers are forced to quickly push the price above the moving average to avoid a decline. If they do, the pair could reach $580.
related to: Bitcoin to 30 thousand dollars? Analysts debate when and at what price BTC will go down
Hyperliquid price prediction
Hyperliquid (HYPE) traded in a wide range between $20.82 and $36.77 over the past few days.
The flat moving averages and relative strength index (RSI) near the point do not give the bulls and bears a clear advantage. If the price breaks above the 20-day EMA ($29.07), the HYPE/USDT pair may rise to $32.50 and later to the strong resistance at $36.77.
On the downside, the bears need to lower the Hyperliquid price below the $25.62 support to gain the upper hand. This clears the way for a decline to the firm support at $20.82. A break above $36.77 or below $20.82 would likely initiate the next uptrend move.
Cardano price prediction
Cardano (ADA) cleared the 20-day EMA ($0.28) barrier on Wednesday, but the bulls failed to pierce the 50-day SMA ($0.31).
A positive sign in favor of the bulls is that they are trying to stop the reversal at the 20-day EMA. If the price breaks above the 20-day EMA, the buyers will make another attempt to overcome the barrier in the downtrend. If they succeed, the ADA/USDT pair could rise to $0.44. Such a move indicates a short-term trend change.
Instead, if the price of Cardano breaks and closes below the 20-day EMA, it indicates that the bears are active at higher levels. This can keep the pair inside the descending channel for some time.
Chainlink price prediction
Chainlink (LINK) broke above the 20-day EMA ($9) on Wednesday, but bulls are struggling to hold higher.
Sellers are trying to pull the price of Chainlink to the stable support at $8. Buyers are expected to defend the $8 level with all their might, as below it, the LINK/USDT pair could drop to $7.15 on February 6.
This negative view will be invalidated in the near future if the price rises and closes above the 20-day EMA. Then the bulls will try to take the pair to the upper resistance zone of $10.94 to $11.61.
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