Bitcoin’s Wild Ride: Will It Hit $100K or Crash to $77K? 🤔

On Feb. 9, Bitcoin (BTC) briefly flirted with $96,500, like a tipsy aristocrat at a ball, only to stumble back into its usual sideways waltz. Traders, ever the impatient lot, are twiddling their thumbs, waiting for a catalyst to break the monotony. The longer this dance continues, the more dramatic the eventual exit—be it a grand leap or a tragic collapse. 🕺💃

CryptoQuant CEO Ki Young Ju, in a post on X, declared that Bitcoin would remain in a bull phase even if it took a 30% nosedive to $77,000. Ah, the optimism of a man who’s seen too many cycles! Meanwhile, CryptoQuant analyst Timo Oinonen, in his “Quicktake” blog, suggested that a sharp correction might be “multiple months or even a year away.” So, grab your popcorn, folks—this show’s not over yet. 🍿

While Bitcoin lounges in its range, Ether (ETH) is quietly stealing the spotlight. Santiment analysts noted that only 6.38% of Ether’s supply remains on exchanges, as investors stash it away in cold wallets like squirrels hoarding nuts. This reduces the risk of a sell-off, but the analysts caution that this is a long-term metric—not a signal for swing traders looking to make a quick buck. 🐿️

Could Bitcoin finally shatter the $100,000 ceiling and drag altcoins along for the ride? Let’s dive into the charts of the top 10 cryptocurrencies and see what’s cooking. 🍳

Bitcoin price analysis

On Feb. 18, sellers yanked Bitcoin below $94,000, but the long tail on the candlestick revealed that buyers were lurking in the shadows, ready to pounce. 🐻🐂

The 20-day exponential moving average ($97,539) is starting to tilt downward, and the RSI is in negative territory, hinting that the bears have a slight edge. If the price turns down from the 20-day EMA, the BTC/USDT pair could plummet to $90,000—a level the bulls must defend at all costs. A break below $90,000 would complete a double-top pattern, and that’s not a party anyone wants to attend. 🎉

If the bulls want to stage a comeback, they’ll need to push the price above the 50-day simple moving average ($98,954). Success there could send the pair soaring to $102,500 and beyond. 🚀

Ether price analysis

Ether has been sulking below the $2,850 breakdown level for days, but the bears haven’t managed to drag it below $2,500. It seems selling dries up at lower levels, like a well that’s run dry. 🏜️

Buyers will attempt to push the price to the downtrend line, a critical level for the bears to defend. If the price turns down from the downtrend line but finds support at the 20-day EMA ($2,789), it could signal buying on dips. That increases the odds of a break above the downtrend line, potentially sending the ETH/USDT pair to $3,400. 🎢

On the flip side, if the price breaks below $2,500, the pair could tumble to $2,400 and beyond. 📉

XRP price analysis

XRP (XRP) is caught in a tug-of-war between bulls and bears near the moving averages, like a piñata at a children’s party. 🎉

If the price turns down from the moving averages, the bears will try to smash the XRP/USDT pair below the support line of the symmetrical triangle. Success there could send the pair crashing to $1.77. 💥

This bearish view would be invalidated if the price rises and breaks above the moving averages, potentially rallying to the downtrend line. 🚀

Solana price analysis

Solana (SOL) plunged below the $175 support on Feb. 18, signaling the start of a deeper correction. But the buyers aren’t ready to throw in the towel just yet. 🥊

They’ll try to push the price back above $175. If they succeed, it could suggest the breakdown was a bear trap, sending the SOL/USDT pair to the 20-day EMA ($195) and beyond. 🕳️

If the price turns down from $175, however, it could indicate the bears have flipped the level into resistance, potentially sending the pair to $155 and lower. 📉

BNB price analysis

BNB (BNB) is attempting to rebound off the $635 support, signaling strong demand at lower levels. But the relief rally is expected to face selling at the 50-day SMA ($670). 🛒

If buyers push and maintain the price above the 50-day SMA, the BNB/USDT pair could swing between $745 and $635 for a while. If the price turns down from the moving averages, however, it could signal selling on minor rallies, increasing the likelihood of a break below $635. 📉

Dogecoin price analysis

Dogecoin (DOGE) is sliding toward the support line of the descending channel pattern, indicating the bears are in control. But buyers are expected to defend the support line. 🐕

If the bears prevail, the DOGE/USDT pair could retest the Feb. 3 intraday low of $0.20. A break below that level could send the pair plunging to $0.15. 📉

The first sign of strength would be a break and close above the 20-day EMA ($0.27), potentially sending the pair to the 50-day SMA ($0.31). 🚀

Cardano price analysis

Cardano (ADA) turned down from the 20-day EMA ($0.79) on Feb. 18, indicating that traders are selling on rallies. The bears will try to pull the price to the support line of the descending channel pattern. 📉

A break below the support line could sink the ADA/USDT pair to $0.50. On the upside, the bulls will need to push and sustain the price above the 20-day EMA to start a move to the 50-day SMA ($0.90). 🚀

Chainlink price analysis

Chainlink (LINK) turned down sharply from $19.25 on Feb. 18, indicating the bears are trying to flip the level into resistance. If the price closes below $17, it could signal the start of a deeper correction. 📉

The LINK/USDT pair could drop to the Feb. 3 low of $15.40. If the bulls want to make a comeback, they’ll need to push and sustain the price above the 20-day EMA ($19.61), potentially rallying to $22. 🚀

Stellar price analysis

Stellar (XLM) has formed a large descending triangle pattern, which will complete on a break and close below $0.31. The downsloping 20-day EMA ($0.34) and the RSI in negative territory suggest the sellers have the upper hand. 📉

If the $0.31 support cracks, the XLM/USDT pair could drop to $0.26 and beyond. If the price breaks above the 20-day EMA, however, it could rally to the downtrend line. 🚀

Litecoin price analysis

Litecoin (LTC) broke above the symmetrical triangle pattern on Feb. 19, resolving the indecision in favor of the bulls. The upsloping 20-day EMA ($121) and the RSI in positive territory suggest the path of least resistance is upward. 🚀

If buyers maintain the price above the resistance line, the LTC/USDT pair could surge to $147, with a pattern target of $197. If the price fails to sustain above the resistance line, however, it could drop to the 20-day EMA. 📉

2025-02-19 23:49