The failure to keep Bitcoin above $94,050 has led to renewed selling, with a possible drop to $87,700 then $84,000. Major altcoins are also struggling. BTC is range-bound between $94,588 and $89,260, with a 30% chance of hitting $100,000 by Jan. 1. Analysts predict a potential drop to $76,000.

BTC recovery faces resistance at $94,050, with support at $87,700 and $84,000. A break below $84,000 could retest the Nov. 21 low of $80,600. Buyers need to surpass $94,050 for a climb to the 50-day SMA ($97,411) and possibly $100,000.

Ether turned down from $3,350, aiming to stay below the 20-day EMA ($3,125). A drop to $2,907 and $2,716 is possible. A break above $3,350 could lead to $3,918 and $4,250. BNB is trading near the 20-day EMA ($892), indicating equilibrium. A range-bound action between $791 and $1,020 is expected.

XRP remains within a descending channel pattern, controlled by bears. A move above the 50-day SMA ($2.25) could rally to the downtrend line. A drop below $1.98 could lead to $1.61. Solana is defended at $126, potentially rising to $172 and $190, or dropping to $100 and $95. Dogecoin faces selling pressure below $0.13, with potential drops to $0.10 and climbs to $0.16 and $0.19.

Cardano turned down from $0.50, with support at $0.40 and $0.37. A drop below $0.37 could lead to $0.31 and $0.27. A push above $0.50 could rally to $0.60 and $0.70. Bitcoin Cash is aiming to break $607 to challenge $651. A move below moving averages could range between $607 and $443. Hyperliquid shows signs of buying, with a potential rise to the 20-day EMA ($31.91) and 50-day SMA ($37.23). Chainlink balances between moving averages, with a break above the 50-day SMA ($14.71) indicating bullish strength to $19.06.

Read more at Cointelegraph: Bitcoin, Altcoins Gain Strength But Bears Still Dominate Range Highs