Cryptocurrency Price Forecast: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, LINK as of 12/19

Summary:
Bitcoin is currently trying to rebound from $84,000, but bearish activity persists. A number of key altcoins are facing challenges in their recovery efforts, with Bitcoin Cash showing strength.

Key Takeaways:

Bitcoin is attempting a bounce from the $84,000 mark, but selling pressure remains significant.
Several prominent altcoins are experiencing difficulties in initiating a recovery.
Bitcoin Cash displays relative strength compared to other cryptocurrencies.

Bitcoin is striving to recover from the $84,000 level, yet bearish traders continue to sell during upward movements. After rising to over $89,000 following the Bank of Japan's interest rate increase to around 0.75%, Bitcoin currently struggles to maintain these higher values. Typically, a rate hike by the BoJ would be seen as negative for risk assets. However, Arthur Hayes, co-founder of BitMEX, advised his followers on X to not oppose the BoJ's policy, which he claims has negative real rates. He forecasts the dollar/yen ratio to escalate to the 200 mark, leading to Bitcoin reaching a million.

While the long-term outlook for Bitcoin appears optimistic, the immediate future is clouded with uncertainty. Investors are pondering whether to sell during price rallies or consider them as buying opportunities. Jurrien Timmer, Fidelity's director of global macroeconomic research, suggested in a post on X that Bitcoin might have peaked at $125,000, indicating a close to its four-year halving cycle. He anticipates that 2026 will be a tough year for Bitcoin, potentially finding support in the $65,000 to $75,000 range.

Crypto market data daily view. Source:_TradingView

In another forecast for 2026, Tether CEO Paolo Ardoino mentioned that Bitcoin may not experience “sharp corrections of 80%” similar to those witnessed in 2022 or early 2018. Nonetheless, he noted that Bitcoin's performance could be influenced by the ongoing AI bubble due to its correlation with wider capital markets.

Let’s analyze the critical support and resistance levels for Bitcoin and leading altcoins by examining the charts of the top 10 cryptocurrencies.

Price predictions 12/19: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, LINK

Bitcoin Price Prediction

Buyers are working to protect the $84,000 support, but a recovery attempt may encounter sellers at the moving averages.

BTC/USDT daily chart. Source: Cointelegraph/_TradingView

The downward-trending 20-day exponential moving average ($89,369) and a relative strength index (RSI) in negative territory suggest that bears hold a slight advantage. If the price makes a sharp decline from the 20-day EMA, the chances of dropping below $84,000 increase, and the BTC/USDT pair could fall to $80,600.

To indicate a potential trend change in the near future, buyers must push and maintain Bitcoin above the $94,589 resistance. This movement could propel the price to $100,000 and further to $107,500.

Ether Price Prediction

Ether is currently attempting a rebound from the support near $2,700, indicating that buyers are active during dips.

ETH/USDT daily chart. Source: Cointelegraph/TradingView_

Nevertheless, sellers are likely to defend the zone between the 50-day simple moving average (SMA) ($3,161) and $3,450. If the Ether price sharply declines from this resistance, the ETH/USDT pair might retrace to the $2,700 to $2,623 support zone. A breakdown below this zone could lead to a drop to $2,250.

This negative outlook will be rendered invalid if the price rises and surpasses the $3,450 resistance, potentially driving the pair up to $3,918.

BNB Price Prediction

BNB is attempting to rebound from the uptrend line, but higher price levels are likely to entice sellers.

BNB/USDT daily chart. Source: Cointelegraph/TradingView_

A sharp downturn from the moving averages increases the chance for a drop to the $790 support. Buyers are expected to defend this level vigorously, as a breakdown could lead the BNB/USDT pair down to $730.

Conversely, a break and close above $928 would complete an ascending triangle pattern, signaling an end to the corrective phase and opening up the potential for a surge to a target of $1,066.

XRP Price Prediction

XRP is attempting to rebound off the support line of a descending channel, indicating a demand at lower levels.

XRP/USDT daily chart. Source: Cointelegraph/TradingView_

The downward-trending moving averages and an RSI in negative territory suggest bears have the upper hand. If the price falters below the moving averages, bears will aim to drive the XRP/USDT pair down to the $1.61 support.

On the other hand, if the XRP price manages to rise and exceeds the 50-day SMA ($2.15), the pair may continue to trade within the channel. A close above the downtrend line would favor the bulls.

Solana Price Prediction

Solana fell below the $121 level, but bears are facing difficulty in maintaining these lower price points.

SOL/USDT daily chart. Source: Cointelegraph/TradingView_

Any recovery is likely to experience selling pressure at the 20-day EMA ($131) and subsequently at the 50-day SMA ($142). Should the price retreat from these moving averages, bears will attempt to pull the SOL/USDT pair below $121. If successful, the price could drop to $110 and subsequently to the $95 support level.

Conversely, if buyers push the price above the $147 resistance, this signals a short-term trend change, potentially leading to a rally toward $172.

Dogecoin Price Prediction

Dogecoin remains below the $0.14 mark, although bulls are attempting to initiate a relief rally.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView_

A positive divergence in the RSI suggests that bearish momentum is weakening. Buyers need to push the DOGE/USDT pair above the $0.16 level to indicate a potential comeback.

However, sellers are likely planning to halt this relief rally around the breakdown level of $0.14. If they succeed, this could convert the $0.14 level into resistance, increasing the risk of a decline to the October 10 low of $0.10.

Cardano Price Prediction

Cardano fell beneath the $0.37 support but bulls are making an effort to reclaim this level.

ADA/USDT daily chart. Source: Cointelegraph/TradingView_

A positive divergence seen in the RSI indicates diminishing selling pressure. Buyers will attempt to drive the price above the 20-day EMA ($0.40). If successful, the ADA/USDT pair might rally to the breakdown level of $0.50, where sellers will likely defend that resistance.

Alternatively, if the price closes below $0.34, it would suggest a return to the downtrend, potentially causing the Cardano price to fall to the $0.27 level.

Related: SOL price action lags the broader altcoin market: Is Solana’s heyday over?

Bitcoin Cash Price Prediction

Bitcoin Cash buyers consistently defended the 50-day SMA ($535), signaling a positive market sentiment.

BCH/USDT daily chart. Source: Cointelegraph/TradingView_

The bulls will aim to strengthen their position by moving Bitcoin Cash above the $615 resistance. Should they achieve this, the BCH/USDT pair may resume its upward trend, targeting $651 and potentially moving on to $720.

Conversely, if the price retraces from $615 and falls below the 50-day SMA, it indicates prolonged consolidation within a range between $443 and $615 over the coming days.

Hyperliquid Price Prediction

Hyperliquid (HYPE) has started to rise from $22.19, indicating that bulls are actively defending the October 10 low of $20.82.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView_

The relief rally could potentially reach the 20-day EMA ($28.86), which serves as a significant overhead resistance. A sharp decline from this level would suggest that sellers are still active during price rallies, raising the risk of breaking below the $20.82 support. If this occurs, the HYPE/USDT pair may plunge to $16.90.

Conversely, if the price breaks above the 20-day EMA, it signifies weakening control of the bears, allowing Hyperliquid to move towards the $35.50 breakdown level.

Chainlink Price Prediction

The bulls are attempting to stop the decline of Chainlink within the support zone of $11.61 to $10.94.

LINK/USDT daily chart. Source: Cointelegraph/TradingView_

The recovery is expected to encounter resistance at the 50-day SMA ($13.99). If the Chainlink price retreats from this level, the $10.94 support may be tested. A breakdown below this support could lead to a drop to the low of $7.90 recorded on October 10.

Alternatively, a break and close above the $15 level would indicate that bullish traders are firmly defending the $10.94 support. This scenario paves the way for a rally toward $16.80 and potentially $19, opening up the substantial range from $10.94 to $27.