Bitcoin (BTC) has been recovering sharply from its weekly lows and is now charging towards the all-time high of $104,088. Despite this bullish trend, analysts expect a 30% pullback in Bitcoin and a sharper retracement in altcoins by the end of the year.
Altcoin Analysis
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11. The bulls have not ceded much ground to the bears, indicating that they are holding onto their positions as they anticipate the up move to continue.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12, signaling profit booking by traders.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Altcoin Analysis
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
Bitget Token (BGB)
Bitget Token has been in a strong uptrend but turned down from $3.50 on December 12.
- Daily Chart: BGB/USDT is currently trading at $3, facing selling pressure.
- 4-Hour Chart: The bulls are trying to arrest the decline at $3, with a possible rebound off the 50-SMA.
If the price turns up from the current level, the pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4. Contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43).
LINK (LINK)
Link has been on an uptrend since breaking above the near-term resistance of $31.
- Daily Chart: LINK/USDT is currently trading at $32, facing selling pressure.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($27.41), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $31, the pair could accelerate towards $34.50. On the other hand, a break below $27.41 could sink the pair to the 20-day EMA ($23.87).
Aave (AAVE)
Aave has been on an uptrend since breaking above the near-term resistance of $300 on December 11.
- Daily Chart: AAVE/USDT is currently trading at $320, facing selling pressure near $400.
- 4-Hour Chart: The pair has rebounded off the 20-EMA ($283), a critical near-term support for the bulls to defend.
If buyers can thrust the price above $400, the pair could skyrocket to $450. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).
