Crypto Market Faces Pressure: Bitcoin and Altcoins Strive to Stay Above Water

Price Analysis of the Cryptocurrency Market

Buyers are attempting to defend short-term support levels in Bitcoin and certain major altcoins, but bears remain active, continuing to exert pressure close to daily highs. Currently, Bitcoin (BTC) sits at $91,146, while most altcoins are encountering significant resistance.

According to Keith Alan, co-founder of Material Indicators, the price of BTC could drop to the support zone of $87,500 - $89,000, while trader Roman estimates a decline to $76,000. However, CryptoQuant CEO Ki Young Ju believes that it is unlikely for BTC to fall by 50% from its all-time high.

Some analysts predict a positive trend for 2026, considering that BTC has historically experienced an average increase of 95% in the year following a decline.

Turning to altcoins, Ethereum (ETH) remains uncertain in a symmetrical triangle pattern, while XRP has managed to hold at its moving averages, signaling potential for a resurgence. Other coins, such as Solana (SOL) and Dogecoin (DOGE), continue to attract investor attention but remain subject to market volatility.

The formation of a descending channel for XRP suggests that its price may remain within this range for an extended period, while BNB seeks to break through resistance at $928. Demand for Bitcoin Cash (BCH) remains steady, but a close below the moving averages could indicate a trap for buyers.