The $10 0,000 mark continues to witness a fierce battle between bulls and bears.CryptoQuant Author Percival wrote in Quicktake's December 6 blog post that bitcoin's weekly strength has run out, suggesting a consolidation over time.
Short-term uncertainty and volatile price movements haven't changed analysts' long-term bullish view on bitcoin.WeRate Co-founder Quinten Francois said in an X article on X that bitcoin is "entering an excitement phase" that could extend the rally by up to 12 months before forming the top of the cycle.
In addition to bitcoin, Donald Trump's victory in the U. S. presidential election has also boosted the price of a variety of copycoins. However, Hartmann Capital managing partner Felix Hartmann said in an article on X that venture capitalists and teams could invest heavily in the coins, which could lead to a sharp drop in their prices.
If Bitcoin enters a consolidation period, will the selected copycoins continue to perform well in the short term? Let's take a look at the top five cryptocurrencies with a strong chart structure.
Bitcoin price analysis
Bitcoin faces resistance around the psychologically critical level of $100,000, but the bulls are not rushing to exit.
Tight consolidation around $100,000 raises the outlook for an upside breakout. If buyers push prices up to above $104,088, the bullish momentum could increase and the BTC / USDT pair could soar to $113,331, USD and then to $125,000.
The 20-day index moving average ($95,285) is the key short-term support level to watch for. A break below that level would suggest that the bulls are eager to take profits. The pair could fall to $90,000 before falling to a 50-day simple moving average ($84,110)
The pair has been trading above the moving average, indicating a slightly more bullish advantage. Expecexpected to face strong resistance in the $101,900- $104,088 area. A breakout in the region could push the currency pair up to $113,331.
Instead, a break and close below the moving average could entice short-term bulls to take profits. That could pull the price up to $90,000, which could attract buyers. If the price rebounds from $90,000 and rises above the moving average, it signals a range formation. The currency pair is likely to trade between $90,000 and $104,088 for some time.
Dogecoin price analysis
Dogecoin has been rising within the upward channel mode, indicating that buyers have the upper hand.
Bulls tried to push prices up to upper resistance at 0. [] $48, but the bears held their ground. If the price rises from current levels or the 20th EMA ($0. [] 41), the bulls will again try to push the DOGE / USDT pair to the channel resistance line. shorts are expected to fully defend the resistance line as a break could push the pair to $0. [] 60.
If the bears want to stop the upside, they must pull prices down below the channel support line. The pair may then fall to a 50-day moving average ($0. [] 30).
The currency pair received support at the 20-EMA, indicating bullish sentiment. The bulls will try to break overhead resistance at $0. [] $48. If successful, the currency pair may rise to the channel resistance line. If prices fall sharply from the resistance line and fall below the 20-EMA, it indicates that the currency pair may remain in the channel for some time.
Instead, a breakout and close above resistance will signal the start of the next uptrend, with a target of $0. [] 60.
SUI currency price analysis
The SI coins face resistance around 4. [] $50, but the bulls have yet to give up much room for the bears. This suggests that buyers expect the rally to continue.
The SUI / USDT pair could fall to 3. [] 94, the dollar, and then to its 20-day moving average ($3. [] 66). If prices bounce back from the 20-day moving average, the bulls will try to break through the $4. [] 50 head resistance. If they do that, the pair could start the next uptrend to $5. [] 31.
A secondary issue is the emerging negative divergence on the RSI. If prices fall below the 20-day EMA, it indicates that the bulls are taking profits. This could push the pair down to A 50-day A ($2. [] 93).
Bulls failed to push prices above $4. [] $50 and could start retreating to $4. This is an important support level to watch out for, as a strong rally will increase the possibility of a break above $4. [] 50.
Instead, a break below $4 suggests that the bears are trying to return to their dominance. The currency pair may then fall to 50-A. If that support falls, the pair could fall to $3.
PEPE coin price analysis
PEPE coins have reached the upper resistance level at $0. [] 000027, where bulls and bears may start a fierce battle for supremacy.
EMA ($0. [] 000021) is up, and RSI is in the overbought area, indicating favorable buyers. If the bulls maintain the price above $0. [] 000027, the PEPE / USDT pair may soar to $0. [] 000035 and then rise to $0. [] 000044.
Contrary to this assumption, if the price falls from $0. [] 000027, it indicates that the bears are fiercely defending that level. The currency pair may then fall to the 20th EMA. Sellers must keep the price down below the 20-day EMA to prevail.
Short pull down below $0. [] 000024, but bulls buy low to 20-EMA. Bulls again try to push prices above $0. [] 000027. If they succeed, the pair could soar to $0. [] 000035.
Time is running out for the bears. If they want to make a comeback, they must quickly pull prices down below the moving average. The pair could then fall to strong support around $0. [] 000017.
The FTM currency price analysis
FTM coins broke through resistance above $1. [] 23 on December 2, as bulls frustrated bears' attempts to pull prices back below the breakout level. This shows that buying on dips is solid.
The 20-day moving average ($1. [] 09) rose, with RSI in the overbought zone, indicating that buyers have the upper hand. The bulls will try to push the price to $1. [] 68, which could be a solid hurdle. However, if buyers push the price to above $1. [] 68, the rally could extend to $2.
The key support level to watch on the downside is $1. [] 23. A break and close below this support level will indicate that the bullish momentum is weakening. The FTM / USDT pair may fall down to the 20th EMA.
The pair has rebounded from 20-EMA, indicating solid buying with each slight decline. If buyers push prices above $1. [] 39, the pair could resume their upward trend toward its next target of $1. [] 68.
Or, if the price falls sharply from $1. [] 39 and falls below the 20-EMA, then the bears are active at higher levels. The currency pair may then fall to 50-A. A break below the 50-A could bias the short-term advantage to the shorts.