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COINTURK NEWS > Technical Analysis > Bitcoin Price Battles and Altcoin Predictions
Technical Analysis

Bitcoin Price Battles and Altcoin Predictions

In Brief

  • BTC price remains near $99,000 amid short position struggles.

  • SOL Coin could benefit from favorable ETF news impacting its price.

  • BNB Coin aims for $1000 after setting a new all-time high.

Fatih Uçar
Fatih Uçar 5 months ago
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As of the time of writing, the BTC price hovers around the $99,000 mark, amidst ongoing struggles with accumulated short positions. Following a potential breach of $99,000, the price has yet to test the previous all-time high. However, if BTC continues to linger around the current levels during daily closures, it could reach six-digit prices within hours. What are the predictions for Solana $174 (SOL), Chiliz (CHZ), BNB, and CEEK Coin?

Contents
Comments on SOL and CHZ CoinComments on BNB and CEEK Coin

Comments on SOL and CHZ Coin

The price of SOL Coin weakened due to liquidity focused on XRP and some other cryptocurrencies. However, developments favoring the pending SOL Coin ETFs awaiting approval from the new US administration at the end of January should not be overlooked. If the new SEC chairman says something related to altcoin ETFs before taking office, this could lead to a rapid rise in SOL Coin.

SOL Coin maintains $225 as a support level while currently resting below the thresholds of $246 and $258. If the closest support level at $225 holds and the price breaches $258, it could enthusiastically embark on a journey towards $300.

For CHZ Coin followers, the chart indicates familiar patterns. The price has moved within a parallel channel for months, with possible breakout levels analyzed. Surpassing the mid-range at $0.7 was challenging, and breaking through the channel resistance at $0.0859 followed. We previously mentioned that closing above $0.0963 could lead to new peaks at $0.11 and $0.139.

Comments on BNB and CEEK Coin

BNB Coin made headlines today. We noted that closures above $635 would create a solid foundation for a four-digit price target. With this support solidifying, BNB Coin reached a new all-time high in the last 24 hours. While the target was $800, we encountered heavy profit-taking at $793.

The good news is that the previous all-time high of $720 has been maintained as support, allowing BNB Coin to continue its journey toward the $1000 target.

Lastly, we turn our attention to CEEK Coin. CEEK Coin is currently making a move above $0.0452, aiming for a target of $0.0522. If this key level holds as support, we may see new upper wick peaks in the range of $0.0713 to $0.0960 after breaking through the parallel channel resistance at $0.0560.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 5 December, 2024 - 1:44 am 5 December, 2024 - 1:44 am
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