Price predictions 12/15: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH
Bitcoin attempted a rebound on Monday but faced renewed selling pressure, risking a potential drop toward $84,000. Analysts suggest a break below $80,000 could push BTC to $73,000, while a move above $94,600 may target $100,000. The Bank of Japan’s expected rate hike on Dec. 19 is being closely watched, as previous hikes have correlated with significant BTC drawdowns.
Altcoins show weak bounces with limited strength. Ether faces resistance at the 20-day EMA; a break below $2,907 could lead to further declines. BNB broke down from a tight range, targeting $791. XRP remains below key moving averages, with $1.61 as critical support. Solana is consolidating in a triangle; a breakdown may lead to a fall toward $95. Dogecoin risks dropping to $0.10 if it loses $0.13. Cardano is nearing crucial support at $0.37, and Bitcoin Cash has broken below its 20-day EMA, suggesting range-bound movement ahead. The S&P 500 faces resistance at 6,920, and the US Dollar Index shows bearish signals below the 20-day EMA.
cointelegraph12/15 19:12