Price Predictions for December 1: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH

Price predictions 12/1: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH

Key Takeaways:

Bitcoin is undergoing intense selling pressure, with predictions suggesting it could drop to $50,000.
Many altcoins are retreating from their resistance levels and may fall below important support thresholds.

As the new week begins, Bitcoin is experiencing notable selling pressure, leading some analysts to forecast a possible decline as deep as $50,000. Moreover, a number of altcoins have begun to retreat from their overhead resistance levels, risking dips below their critical support zones.

Bitcoin's December has started off sluggishly, indicating that bearish sentiment remains strong. Veteran trader Peter Brandt expressed on X that Bitcoin's chart indicates support existing between the sub-$70,000 and mid-$40,000 levels. Another analyst, Timothy Peterson, pointed out that the data shows the second half of 2025 may mirror the second half of 2022; if this trend holds true, Bitcoin might not see a significant rally until Q1 next year.

Crypto market data daily view. Source: TradingView

A slight positive for bullish investors is that crypto exchange-traded products recorded $1.07 billion in inflows last week, ending a four-week losing streak, as per information from CoinShares. This indicates that there’s some demand at lower price levels.

Will Bitcoin and the top altcoins maintain their support? Let’s explore the charts of the ten leading cryptocurrencies for insights.

S&P 500 Index Forecast

The S&P 500 Index (SPX) managed to rise above its moving averages on Tuesday and continued its recovery under the resistance line on Friday.

SPX daily chart. Source: Cointelegraph/TradingView

Bullish traders are likely to encounter major selling pressure at the 6,920 mark. If the price declines from this resistance level and falls below the moving averages, it could indicate a range formation between 6,550 and 6,920. Should sellers manage to push the price below 6,550, they will regain control.

On the upside, if the index can break and close above the resistance at 6,920, it may signal the continuation of the upward trend. The index could then rise towards the 7,000 level and eventually to 7,300.

US Dollar Index Forecast

The US Dollar Index (DXY) dropped from the 100.50 resistance and fell below the 20-day exponential moving average (99.57) last Wednesday.

DXY daily chart. Source: Cointelegraph/TradingView

The immediate support on the downside is at the 50-day simple moving average (99.05). If the price bounces back from this average, bullish investors will attempt to breach the 100.50 resistance again. If successful, this could lead the index towards the 102 level.

However, if the index fails to hold above the 50-day SMA and falls below it, it would signal a weak bullish stance and could result in a drop to the 98 level, marking possible consolidation between 96.21 and 100.50 for a while.

Bitcoin Price Projection

Bitcoin experienced a downturn on Monday, unable to surpass the 20-day EMA ($91,999) in previous days.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

If Bitcoin closes below $84,000, the BTC/USDT pair might plummet to $80,600. Buyers are expected to defend the $80,600 to $73,777 region rigorously. To indicate strength, bulls must maintain the price above the 20-day EMA, possibly allowing a rally towards the 50-day SMA ($101,438).

Conversely, if the $73,777 support is breached, the potential for a significant drop to $54,000 increases.

Ether Price Projection

On Sunday, Ether declined from the 20-day EMA ($3,052), highlighting ongoing negative sentiment among traders.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Bears aim to push Ether below the $2,623 support, which could trigger further declines, potentially seeing ETH/USDT decrease to $2,400 or even $2,111.

For Ether to demonstrate strength, bulls need to keep the price above the 20-day EMA, paving the way for a potential rally to the significant breakdown level of $3,350.

XRP Price Projection

XRP fell from the 20-day EMA ($2.18) on Sunday, suggesting that bullish momentum has weakened.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The XRP/USDT pair may drop to the support line in a descending channel pattern, where buyers are anticipated to make a stand. A sharp rebound from this support line, coupled with an upward breakthrough of the 20-day EMA, could indicate that the pair will remain within the channel for longer.

If the support line gives way, it could open the door to a decline towards $1.61, a critical level that buyers must defend vigorously; failure to do so could see the pair drop to $1.25.

BNB Price Projection

BNB's rally stalls at the 20-day EMA ($894), indicating persistent bearish pressure at higher levels.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are trying to push BNB below the November 21 low of $790. If successful, the BNB/USDT pair may resume its downward trend towards a target of $730.

Alternatively, if the price rises and breaks above the 20-day EMA, it would suggest that bulls are actively buying at lower levels, potentially pushing the pair towards the 50-day SMA ($999), where selling pressure might intensify again.

Solana Price Projection

Solana dropped from the 20-day EMA ($140) on Sunday, appearing poised to fall below the $126 support.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

Should the price stay below $126, the SOL/USDT pair could decrease to $110, possibly dropping further to $95, which serves as strong support.

This bearish perspective will be invalidated if the price rebounds significantly and breaches the 20-day EMA. In that case, Solana may rise towards the 50-day SMA ($163), where strong selling pressure is expected. A close above this average would signal the potential start of a new upward movement.

Related: BTC price dips under $84K as Bitcoin faces ‘pivotal’ week for 2025 candle

Dogecoin Price Projection

Dogecoin has struggled to surpass the 20-day EMA ($0.15) in recent days, revealing that bearish forces remain in charge.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are trying to pull the Dogecoin price below the $0.13 support. If accomplished, the DOGE/USDT pair could fall towards the October 10 low of $0.10.

Time is critical for the bulls; they must swiftly push the price above the 20-day EMA to regain momentum. The wider range of $0.14 to $0.29 will be back in play if buyers can drive the pair above the 50-day SMA ($0.17).

Cardano Price Projection

Bears are making attempts to initiate the next leg of the downward trend below the $0.38 support for Cardano.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If the price closes below $0.38, the ADA/USDT pair could plummet to the October 10 low of $0.27. Buyers are expected to fiercely defend the $0.27 level, as a breakdown below could lead to a decline to $0.23.

The 20-day EMA ($0.45) serves as an essential overhead resistance level in the near term. A successful break and close above this level would suggest a reduction in selling pressure. Buyers must elevate Cardano above the 50-day SMA ($0.55) to signal the end of the downtrend.

Bitcoin Cash Price Projection

Buyers made an effort to push Bitcoin Cash above the $568 resistance on Sunday, but bearish momentum prevailed.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The repeated inability to clear the overhead resistance heightens the risk of dropping below the 50-day SMA ($514). If that occurs, the BCH/USDT pair could slide to the robust support level at $443.

The flattening moving averages and the RSI positioned just below the midpoint suggest a potential short-term consolidation phase. Buyers must push Bitcoin Cash above the $568 level to regain the upper hand, potentially leading to a rally towards $615.