Price predictions 12/12: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, LINK
Crypto markets face bearish pressure as Bitcoin struggles to hold above $94,050, with analysts predicting potential declines to $87,700 or even $84,000. Prediction markets give only a 30% chance of BTC reaching $100,000 by January 1. Most major altcoins are also under threat of testing recent lows.
Key support and resistance levels: BTC must reclaim $94,050 to signal strength, while ETH faces resistance at $3,350. BNB is range-bound between $791-$1,020, XRP remains in a descending channel, and SOL is defending $126. DOGE shows weakness below $0.14, ADA risks falling to $0.37 if $0.50 holds as resistance, BCH eyes a break above $607, HYPE tests the 20-day EMA at $31.91, and LINK trades between moving averages awaiting a breakout. Overall, market sentiment remains cautious amid liquidity concerns and selling pressure.
cointelegraph12/12 19:29