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Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market.) is under pressure from the bears, who are attempting to sustain the price below the $66,000 level.
The uncertainty regarding the US and Israel-Iran war is capping the upside and putting downside pressure. US spot Bitcoin exchange-traded funds recordedAlthough BTC is facing selling on rallies, the bulls have successfully defended the $60,000 level since Feb. 6. Glassnode said in its latest Week On-chain newsletter that thefrom $3 billion per day in July 2025 to $0.1 billion currently suggests that the bear market is transitioning into its later stages.. Santiment said in a post on X that large BTC holders owning between 10 and $10,000 BTC have boosted their holdings by 0.45% in the past month. Historically, an upside breakout happens when large wallets are accumulating, and retail is selling. Could BTC and select major altcoins hold on to their crucial support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Buyers could not maintain BTC above the $72,000 level on Wednesday. That may have attracted sellers who pulled the price below the support line of the ascending triangle pattern on Friday. If the BTC price closes below the support line, the bullish pattern will be invalidated. That may intensify selling, pulling the BTC/USDT pair to the $62,500 to $60,000 support zone. Instead, if the price turns up sharply from the current level and breaks above the $72,000 level, it suggests that the bulls are attempting to get back into the driver’s seat. The pair may then challenge the crucial $74,508 resistance. If buyers overcome the barrier, the pair may surge to $84,000.) turned down and fell below the breakout level of $2,111 on Thursday, indicating that the bears are trying to make a comeback.Sellers kept up the pressure and pulled the ETH/USDT pair below the 50-day SMA on Friday. The ETH price may decline to the $1,900 level, which is likely to attract buyers. However, if the bears prevail, the pair may collapse to the vital $1,750 support. This negative view will be invalidated in the near term if the price turns up sharply and breaks above the $2,200 level. That enhances the prospects of a rally above the $2,400 level. ) has been oscillating between $570 and $687 for the past few weeks, signaling buying near the support and selling close to the resistance.There is minor support at $607, but if the level gives way, the BNB/USDT pair may slump to the $570 level. A strong bounce off the $570 support suggests that the pair may remain inside the range for a while longer. The next trending move is expected to begin on a close below $570 or above $687. If buyers clear the overhead hurdle, the BNB price may jump to $790. Alternatively, a close below $570 might sink the pair to the psychological level at $500.The XRP price may slide to $1.32 and then to $1.27. Buyers will attempt to aggressively defend the $1.27 level, but if the bears prevail, the XRP/USDT pair may decline to the support line. The first sign of strength will be a close above the moving averages. The pair may then rise to the breakdown level of $1.61, which is expected to pose a substantial challenge for the bulls. If buyers pierce the $1.61 level, the next stop is likely to be the downtrend line.The SOL price has dipped below the 50-day SMA , indicating that the bulls have given up. That suggests the SOL/USDT pair may extend its stay inside the $76 to $95 range for some more time. The next trending move is expected to begin on a break above or below the range. If the bulls propel the price above $95, the pair may reach the $117 level. On the downside, a close below $76 might sink the pair to $67.The DOGE price turned down on Thursday, and the bears have pulled the DOGE/USDT pair below the critical $0.09 support. If the sellers sustain the price below $0.09, the pair may collapse to $0.06. Buyers are unlikely to give up easily. They will attempt to defend the $0.09 level and swiftly push the price above the moving averages. If they succeed, the pair may ascend to $0.10 and later to $0.12.) turned down from $41.59 on Wednesday but is likely to find support in the zone between the 20-day EMA and the breakout level of $36.77.If the HYPE price bounces off the $36.77 level, it suggests that the bulls are trying to flip the level into support. Buyers will endeavor to strengthen their position by pushing the HYPE/USDT pair above the $43.77 level. If they can pull it off, the pair may start its northward march toward $50. Contrary to this assumption, if the price continues lower and breaks below $36.77, it suggests that the bulls are losing their grip. The pair may tumble to the 50-day SMA , which is likely to attract buyers.The ADA/USDT pair turned down sharply on Thursday, signaling that the bears had renewed their selling. There is strong support at $0.25, but if the level breaks down, the ADA price may slump to $0.22. This negative view will be invalidated in the near term if the price turns up sharply from the $0.25 level and closes above the moving averages. That clears the path for a rally to the downtrend line.The BCH/USDT pair may descend to the $443 support, which is a crucial level to watch out for. If the bears sink the BCH price below the $443 level, the pair will complete a bearish head-and-shoulders pattern. That may start a drop to $375. On the contrary, if the price turns up from the $443 level, it signals solid buying at lower levels. The pair may form a range between $443 and the 50-day SMA for some time. Buyers will have to push and maintain the price above the 50-day SMA to signal the start of a sustained recovery toward $520.The price turned down sharply on Thursday, and the bears have pulled the LINK/USDT pair below the support line of the ascending channel pattern. If the LINK price closes below the channel, the pair may drop to $8.05 and then to $7.15. Buyers are likely to have other plans. They will attempt to retain the price inside the channel and push the pair above the $9.50 level. If they do that, the pair may rally to the resistance line. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
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