Key points:
Bitcoin fell below the $100,000 support on Sunday, but a rebound could depend on how US stock futures open.
Bitcoin’s weakness has pulled ETH, XRP, SOL, and HYPE below their respective support levels.
Bitcoin (BTC) nosedived below the psychological $100,000 support on Sunday as traders digested the US strike on Iran’s nuclear facilities. Popular trader Cas Abbe said in a post on X that Bitcoin could drop toward the $93,000 to $94,000 zone before starting a reversal.
Bitcoin’s weakness has spread to several major altcoins, which have entered a deeper correction by breaking below their respective support levels. This suggests the sentiment has soured, and traders are taking risk off the table.
However, a positive sign is that analysts remain bullish on Bitcoin for the long term. Real Vision CEO Raoul Pal said in a recent video that the current crypto cycle resembles the pattern seen in 2017. He expects the crypto cycle to extend into Q2 2026.
Could Bitcoin bulls push the price back above $100,000, or will bears remain in control? Will select altcoins find buyers at lower levels? Let’s study the charts to find out.
Bitcoin price prediction
Bitcoin broke below the 50-day simple moving average ($104,788) on Friday and the $100,000 support on Sunday.
The moving averages are on the verge of a bearish crossover, and the relative strength index (RSI) is in the negative territory, indicating that bears are in control. If the price maintains below $100,000, the selling could intensify, pulling the BTC/USDT pair to $93,000.
Buyers will have to push the price above the 20-day exponential moving average ($104,616) to prevent the downside in the near term. The pair could then rise to the downtrend line, which is likely to pose a substantial challenge for the bulls.
The pair completed a bearish descending triangle pattern on a close below the $100,700 level. The pattern target of the negative setup is $89,420, but the bulls are unlikely to give up easily.
Buyers will try to start a relief rally, which could face selling at $100,700 and then at the 20-EMA. If the price turns down from the overhead resistance, the pair may deepen the correction.
The bulls will have to drive and maintain the price above the 50-SMA to start a meaningful recovery.
Ether price prediction
Ether (ETH) turned down from the 20-day EMA ($2,487) and fell below the 50-day SMA ($2,481) on Friday.
Selling continued on Saturday, and the ETH/USDT pair broke below the $2,323 support. Buyers tried to push the price back above the breakdown level of $2,323, but renewed selling by the bears has pulled the pair near the $2,111 support. The bulls will try to defend the $2,111 level with all their might because a break below it may sink the pair to $1,754.
If the price rebounds off $2,111, the bulls will have to push the pair back above the 20-day EMA to suggest that the near-term correction may have ended.
The pair could find support at the $2,111 level, but the rebound is expected to face strong selling at the breakdown level of $2,323. If the price turns down sharply from $2,323, the bears will again try to sink the pair below $2,111.
Conversely, if the bulls successfully defend the $2,111 level, the pair could form a range in the near term. The pair may swing between $2,111 and $2,323 for some time. The selling pressure could weaken on a close above the 50-SMA.
XRP price prediction
XRP’s (XRP) range between $2 and $2.65 resolved to the downside on Sunday, indicating increased selling pressure from the bears.
If the price sustains below $2, the XRP/USDT pair could tumble to the $1.61 support. Buyers are expected to vigorously defend the $1.61 level because a break below it may start a collapse to $1.28.
The bulls will have to swiftly push the price back above the breakdown level of $2 to prevent a breakdown. The pair could then rise to the moving averages, where the bears are likely to pose a strong challenge.
The bulls tried to start a bounce off the $2 support, but the bears aggressively sold near the 20-EMA on the 4-hour chart. The price turned down and broke below the $2 support, pulling the RSI into the oversold territory. That suggests a relief rally is possible in the short term.
On the upside, the bears may sell the recovery attempt at $2 and above that at the 20-EMA. If the price turns down sharply from the overhead resistance, the pair risks a further downside. A close above the 50-SMA will be the first sign that the selling pressure is reducing.
Related: Here’s what happened in crypto today
Solana price prediction
Solana (SOL) completed a bearish H&S pattern when the price closed below the $140 support on Saturday.
The bulls will try to start a recovery but may face selling at the 20-day EMA ($148). If the price turns down from the 20-day EMA, the SOL/USDT pair could plunge to the $110 support and eventually to the pattern target of $93.
Conversely, a break and close above the 20-day EMA suggests solid demand at lower levels. The pair could rise to the 50-day SMA ($160), which is likely to behave as a strong obstacle.
The downsloping moving averages signal that bears are in command, but the oversold level on the RSI points to a possible relief rally in the near term. Recovery attempts could face selling at the breakdown level of $140. If the price turns down from $140, the bears will try to resume the downward move.
Buyers will have to push and maintain the price above the 50-SMA to signal a comeback. That opens the doors for a relief rally to $149 and thereafter to $158.
Hyperliquid price prediction
Repeated failures to maintain the price above $42.50 started a sharp correction in Hyperliquid (HYPE), signaling that the bulls are hurrying to book profits.
The bulls held the 50-day SMA ($32.26) on Saturday, but the bounce has been sold into. That increases the possibility of a break below the 50-day SMA. The HYPE/USDT pair could descend to the breakout level of $28.50.
Buyers are likely to have other plans. They will try to defend the 50-day SMA and push the price back above the 20-day EMA. If they manage to do that, the pair could climb to $40.
Both moving averages are sloping down, and the RSI is in the negative zone on the 4-hour chart. Pullbacks to the 20-EMA are likely to be sold into. There is minor support at $30.50, but it could be broken. The pair may then plummet to the solid support at $28.50.
The first sign of strength will be a break and close above the 20-EMA. That suggests the bears are losing their grip. The pair may ascend to the 50-SMA, which could again attract sellers.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
