Price predictions 12/15: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH

10 hours ago

Key points:

Bitcoin attempted a betterment connected Monday, but renewed selling unit threatens to propulsion the terms to $84,000.
Several altcoins are attempting to clasp supra their enactment levels, but the bounce lacks strength.

Bitcoin (BTC) attempted a betterment connected Monday, but the bears proceed to exert pressure. Trader CrypNuevo said successful a thread connected X that BTC could scope betwixt $80,000 and $99,000, and a interruption beneath $80,000 whitethorn descend the terms to $73,000.

On akin lines, expert Aksel Kibar said that BTC could commencement a directional determination soon pursuing the “extreme debased volatility setup.” On the upside, Kibar expects a determination to $100,000 if the $94,600 level is taken out, and connected the downside, helium anticipates BTC to bottommost retired successful the $73,700 to $76,500 range.

Analysts are keeping an oculus connected the Bank of Japan (BoJ), which is expected to hike involvement rates connected Dec. 19. Previous instances of BoJ complaint hikes since 2024 person resulted successful a drawdown of much than 20% successful BTC, according to information shared by AndrewBTC.

Could BTC and the large altcoins commencement a alleviation rally, oregon volition the bears propulsion the terms lower? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

S&P 500 Index terms prediction

The S&P 500 Index (SPX) turned down from the 6,920 absorption connected Friday, indicating that the bears are aggressively defending the level.

If the terms breaks beneath the moving averages, it suggests that the scale could scope betwixt 6,550 and 6,920 for a fewer much days. A adjacent beneath 6,550 volition signifier a double-top pattern, opening the doors for a driblet to the signifier people of 6,180.

Conversely, if the terms rises supra the moving averages and breaks supra 6,920, it signals the resumption of the uptrend. The scale could past surge toward the people nonsubjective astatine 7,290.

US Dollar Index terms prediction

The US Dollar Index (DXY) attempted to emergence supra the 20-day exponential moving mean (99.04) connected Tuesday, but the bears held their ground.

The moving averages person completed a bearish crossover, and the comparative spot scale (RSI) is successful the antagonistic zone, suggesting that the bears clasp the borderline successful the adjacent term. There is insignificant enactment astatine the 98 level, but if the sellers propulsion the terms beneath it, the scale could driblet to 97.20 and past to 96.21.

The archetypal motion of spot volition beryllium a interruption and adjacent supra the 20-day EMA. Buyers volition beryllium backmost successful the driver’s spot connected a adjacent supra the 100.54 resistance.

Bitcoin terms prediction

BTC bounced disconnected the uptrend enactment connected Monday, but the bulls could not wide the 20-day EMA ($90,720) hurdle.

The 20-day EMA has started to crook down, and the RSI is successful the antagonistic territory, indicating vantage to bears. If the terms closes beneath the uptrend line, the BTC/USDT brace could nosedive to $84,000 and yet to the Nov. 21 debased of $80,600.

Instead, if the terms turns up sharply and closes supra the 20-day EMA, it shows buying astatine little levels. The brace whitethorn past rally to the 50-day elemental moving mean ($95,985). Sellers are expected to support the portion betwixt the 50-day SMA and $100,000, arsenic a interruption supra it suggests that the corrective signifier is over.

Ether terms prediction

Buyers pushed Ether (ETH) supra the 20-day EMA ($3,106) connected Monday, but the agelong wick connected the candlestick shows selling astatine higher levels.

The bears volition strive to propulsion the Ether terms beneath the $2,907 level. If they negociate to bash that, the ETH/USDT brace could descend to the $2,716 to $2,623 enactment zone.

This antagonistic presumption volition beryllium invalidated successful the adjacent word if the terms turns up from the existent level and breaks supra the breakdown level of $3,350. That suggests the brace whitethorn person bottomed retired successful the adjacent term. The brace could rally to $3,658 and, aft that, to $3,918.

BNB terms prediction

The choky scope trading successful BNB (BNB) has resolved to the downside, signaling a flimsy vantage to the bears.

The sellers volition effort to propulsion the terms to the $791 level, which is simply a captious enactment to ticker retired for. If the level gives way, the BNB/USDT brace volition resume the downtrend toward the adjacent enactment astatine $730.

Alternatively, if the BNB terms rebounds sharply disconnected the $791 enactment and breaks supra the 20-day EMA ($888), it suggests that the brace whitethorn signifier a range. The terms could plaything betwixt $791 and $1,020 for a fewer days.

XRP terms prediction

XRP (XRP) remains stuck beneath the 20-day EMA ($2.06), indicating a deficiency of assertive buying by the bulls.

The bears volition effort to descend the XRP terms to the enactment enactment of the descending transmission signifier and past to the $1.61 level. Buyers are expected to support the $1.61 level with each their might, arsenic a interruption beneath it could descend the XRP/USDT brace to the Oct. 10 debased of $1.25.

The bulls volition person to propulsion the terms supra the 50-day SMA ($2.21) to awesome strength. The brace could past rally to the downtrend line, wherever the bears are expected to equine a beardown defense.

Solana terms prediction

Solana (SOL) has formed a symmetrical triangle, indicating uncertainty betwixt the buyers and sellers.

If the terms turns down and breaks beneath the enactment enactment of the triangle, it signals that the bears person gained the precocious manus implicit the bulls. The SOL/USDT brace could past plunge toward the beardown enactment astatine $95.

Conversely, a interruption and adjacent supra the absorption enactment of the triangle suggests that the bulls are attempting a comeback. The Solana terms could past rally to $172 and aboriginal to $189.

Dogecoin terms prediction

Sellers are attempting to fortify their presumption by pulling Dogecoin (DOGE) beneath the $0.13 support.

If they negociate to bash that, the Dogecoin terms could resume its downtrend. The DOGE/USDT brace whitethorn past nosedive toward the Oct. 10 debased of $0.10, which is apt to pull coagulated buying by the bulls.

The bulls volition person to thrust the Dogecoin terms supra the 20-day EMA ($0.14) to awesome strength. If they tin propulsion it off, the brace whitethorn rally toward $0.19. That suggests the interruption beneath $0.14 whitethorn person been a carnivore trap.

Cardano terms prediction

Cardano (ADA) continues to descent toward the $0.37 level, which is simply a captious enactment to ticker retired for successful the adjacent term.

If the bears propulsion the Cardano terms beneath the $0.37 level, it signals the commencement of the adjacent limb of the downward move. The ADA/USDT brace could past plummet to the Oct. 10 debased of $0.27.

On the contrary, if the terms turns up and breaks supra the 20-day EMA ($0.42), it suggests that the brace whitethorn consolidate betwixt $0.37 and $0.50 for a while. Buyers volition person to propulsion the brace supra the $0.50 level to awesome a imaginable inclination change.

Bitcoin Cash terms prediction

Bitcoin Cash (BCH) has breached beneath the 20-day EMA ($560), indicating that the bulls are losing their grip.

The adjacent enactment connected the downside is the 50-day SMA ($534) and past $508. Such a determination suggests that the Bitcoin Cash terms whitethorn oscillate wrong the $443 to $615 scope for immoderate much time.

Buyers volition person to thrust and support the terms supra the $615 level to awesome the resumption of the up move. The BCH/USDT brace whitethorn past situation the important overhead absorption astatine $651.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision. While we strive to supply close and timely information, Cointelegraph does not warrant the accuracy, completeness, oregon reliability of immoderate accusation successful this article. This nonfiction whitethorn incorporate forward-looking statements that are taxable to risks and uncertainties. Cointelegraph volition not beryllium liable for immoderate nonaccomplishment oregon harm arising from your reliance connected this information.

View source