🔥 Key Takeaways
- Bitcoin and major altcoins are witnessing a tussle between buyers and sellers near key support levels.
- The bears continue to exert pressure near intraday highs, while bulls attempt to defend crucial support zones.
- Price predictions for the top 10 cryptocurrencies, including BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH, LINK, and HYPE.
Price Predictions 1/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH, LINK, HYPE
The cryptocurrency market is experiencing a period of intense competition between buyers and sellers, with key support levels being put to the test. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is witnessing a crucial battle between bulls and bears near its near-term support zone.
Similarly, major altcoins such as Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Bitcoin Cash (BCH), Chainlink (LINK), and Hype Token (HYPE) are also exhibiting signs of a fierce tussle between buyers and sellers.
As the bears continue to exert pressure near the intraday range highs, buyers are attempting to defend the crucial support zones. This has resulted in a volatile market, with prices fluctuating rapidly.
Bitcoin (BTC) Price Prediction
Bitcoin is currently trading near its near-term support zone, with buyers attempting to defend the $42,000 level. However, the bears continue to exert pressure near the intraday high of $45,000.
If the bulls succeed in defending the support zone, a rebound to $48,000 is possible. On the other hand, a break below the support zone could lead to a decline to $38,000.
Ethereum (ETH) Price Prediction
Ethereum is facing resistance near the $3,200 level, with the bears attempting to push the price lower. However, the bulls are defending the $2,800 support zone, which is a crucial level for the altcoin.
If the bulls succeed in defending the support zone, a rebound to $3,500 is possible. On the other hand, a break below the support zone could lead to a decline to $2,400.
Other Altcoins Price Predictions
Ripple (XRP) is facing resistance near the $0.75 level, with the bears attempting to push the price lower. However, the bulls are defending the $0.60 support zone, which is a crucial level for the altcoin.
Binance Coin (BNB) is trading near its near-term support zone, with buyers attempting to defend the $400 level. However, the bears continue to exert pressure near the intraday high of $450.
Solana (SOL) is facing resistance near the $140 level, with the bears attempting to push the price lower. However, the bulls are defending the $120 support zone, which is a crucial level for the altcoin.
Dogecoin (DOGE) is trading near its near-term support zone, with buyers attempting to defend the $0.15 level. However, the bears continue to exert pressure near the intraday high of $0.20.
Cardano (ADA) is facing resistance near the $1.20 level, with the bears attempting to push the price lower. However, the bulls are defending the $1.00 support zone, which is a crucial level for the altcoin.
Bitcoin Cash (BCH) is trading near its near-term support zone, with buyers attempting to defend the $500 level. However, the bears continue to exert pressure near the intraday high of $600.
Chainlink (LINK) is facing resistance near the $25 level, with the bears attempting to push the price lower. However, the bulls are defending the $20 support zone, which is a crucial level for the altcoin.
Hype Token (HYPE) is trading near its near-term support zone, with buyers attempting to defend the $0.05 level. However, the bears continue to exert pressure near the intraday high of $0.10.
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