Bitcoin Struggles at $100,000 Mark: Altcoins Show Mixed Signals

The cryptocurrency market is in a critical phase: Bitcoin faces technical challenges on its path to the $100,000 mark, while many altcoins are struggling with significant selling pressure.

Bitcoin at a Critical Juncture

Bitcoin's recovery is encountering resistance at the 20-day exponential moving average (EMA) of $93,431 ^[1]. Should the price bounce back from this level, analysts interpret this as an ongoing negative market sentiment in which traders use rallies to sell ^[1].

In such a scenario, the BTC/USDT pair could retest the support zone at $80,600. A downward breakthrough would open the path for a further decline to $73,777 ^[1]. This negative forecast would only be invalidated if the price sustains above the 20-day EMA—then the path to the psychologically important $100,000 mark would be clear ^[1].

Ethereum and XRP Under Selling Pressure

Ethereum is also showing vulnerability: the recovery faces selling pressure at the $3,000 mark, though bulls have not yet completely capitulated ^[1]. The recovery rally could reach the 20-day EMA at $3,120 and subsequently the breakdown level at $3,350 ^[1].

The situation is similarly tense for XRP. The price is struggling at the 20-day EMA of $2.20 ^[1]. A sharp selloff from this level could lead to a test of important support at $1.61 ^[1].

Altcoins Majority Under Pressure

Technical analysis shows bearish tendencies in most major altcoins. Solana faces selling pressure near the 20-day EMA at $144 and could fall to $95 if the $126 support breaks ^[1].

Dogecoin is bouncing off the $0.14 support but encounters resistance at the 20-day EMA of $0.16. A downward breakthrough could push the price to the October low of $0.10 ^[1].

The situation is particularly tense for Cardano: the weak recovery from the $0.38 level indicates a lack of buying interest. Falling below this mark could trigger a collapse to $0.27 ^[1].

Aster Shows Short-Term Weakness

Smaller coins are also not spared: Aster moved between $1.058 and $1.188 over the past 24 hours and is currently trading at $1.082—a decline of 7.45 percent compared to the previous day ^[2]. The price is significantly below the 20-day EMA at $1.1516, confirming short-term weakness ^[2].

Analysts assess the outlook as neutral to slightly bearish. Only a sustained breakout above $1.188 could ease the chart picture and create room for a recovery to approximately $1.35 ^[2].

Conclusion: Market in a Holding Pattern

The entire cryptocurrency market is in a phase of increased uncertainty. Investors should maintain defensive positions and particularly monitor volume and technical indicators such as the RSI as long as prices cannot sustain above their respective moving averages.