Key points:
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Bitcoin is finding buying support below the $107,000 level, but the relief rally is likely to be sold into.
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Several altcoins have reached strong support levels, but the lack of a solid rebound suggests the downward pressure may continue for a while.
Bitcoin (BTC) remains under pressure as bears attempt to maintain the price below the strong $107,000 support level. The fall indicates a negative sentiment, with dip buyers staying away due to credit concerns in US regional banks.
However, Bitwise analysts said in their weekly crypto market compass report that the massive liquidations on Oct. 10 indicate selling exhaustion, limiting further downside. The analysts added that the fall in their in-house intraday Cryptoasset Sentiment Index to early August 2024 levels signals a “contrarian buying opportunity.”
In contrast, Glassnode took a cautious view. It said in a recent report that the markets were in a reset phase and required fresh demand to confirm recovery. The report highlighted that the Long-Term Holder supply dropped by about 0.3 million BTC since July 2025, indicating profit booking by mature investors. Glassnode anticipates the market to “enter a consolidation phase.’
What are the critical support levels to watch out for in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC continued its downward move and plummeted below the $107,000 support on Friday, but the long tail on the candlestick shows buying at lower levels.
A close below $107,000 will complete a double-top pattern. The BTC/USDT pair could then skid to the psychological support at $100,000. Buyers are expected to defend the $100,000 level with all their might because a break below it opens the doors for a collapse to the pattern target of $89,526.
This negative view will be invalidated in the near term if the Bitcoin price turns up and breaks above the moving averages. That suggests the break below the $107,000 level may have been a bear trap.
Ether price prediction
Ether (ETH) is witnessing a tough battle between the bulls and the bears at the support line of the descending channel pattern.
Any recovery attempt is expected to face selling at the 20-day exponential moving average ($4,159). If the price turns down sharply from the 20-day EMA, it increases the possibility of a break below the support line. If that happens, the ETH/USDT pair could plunge to $3,350.
Buyers will have to push the Ether price above the moving averages to signal that the pair may remain inside the descending channel for a while longer. A new uptrend could begin after buyers thrust the price above the resistance line.
BNB price prediction
BNB (BNB) closed below the 20-day EMA ($1,144) on Thursday and extended its decline to the 50-day SMA ($1,017) on Friday.
Buyers will try to defend the 50-day SMA with all their might as the failure to do so could accelerate selling. The BNB/USDT pair may then retest the Oct. 10 panic low of $860. Such a move suggests that the BNB price may have topped out in the near term.
Any rebound from the 50-day SMA is expected to face significant selling at the 20-day EMA. Buyers will have to overcome the barrier at the 20-day EMA to indicate that the corrective phase may be over.
XRP price prediction
Sellers pulled XRP (XRP) below the immediate support at $2.30, but the bulls are trying to reclaim the level.
If the price rises from the current level, the bears will strive to halt the recovery at the 20-day EMA ($2.63). If that happens, it signals a negative sentiment. That increases the likelihood of a drop below $2.30. The XRP price may then tumble to $2.
Contrarily, if buyers push the XRP/USDT pair above the 20-day EMA, the relief rally could extend to the downtrend line. This is a critical level for the bears to defend, as a break above it signals that the bulls are back in the game. The pair could then rally toward $3.38.
Solana price prediction
Solana (SOL) has been falling inside a descending channel pattern, signaling a series of lower highs and lower lows.
The bears are attempting to pull the price to the support line, where buyers are expected to enter. A bounce off the support line is likely to face selling at the 20-day EMA ($205). If the price turns down sharply from the 20-day EMA, the bears will again attempt to sink the SOL/USDT pair below the support line. If they manage to do that, the Solana price could dive to $155.
Buyers will have to push the price above the 20-day EMA to suggest that the pair may remain inside the channel for a while longer. A new uptrend could begin after buyers drive the price above the resistance…
cointelegraph.com