|

How great are the chances to see the bounceback of the crypto market by the end of the year?

The last day of the week is rather more bullish than bearish as the majority of the coins are in the green zone.

Bitcoin

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has remained the same since yesterday, while the price change over the last week has accounted for -5.50%.

BTCUSD

BTC/USD chart by TradingView

Despite yesterday's rise, Bitcoin (BTC) made a false breakout of $48,000, which means that bears are more powerful than bulls at the moment.

However, from the mid-term point of view, sellers need to fix below the green support at $41,967 to start the bearish trend.

Bitcoin is trading at $46,998 at press time.

DOGE/USD

DOGE is the only coin from the list whose rate has increased over the last week, with a rise of 2%.

DOGEUSD

DOGE/USD chart by TradingView

DOGE has not decided yet which way to go as neither bulls nor bears are dominating at the moment. Buyers need to come back to the zone of the most liquidity around $0.22 to restore the growth.

But, if they fail to do that, there is a chance to once again see the retest of the support at $0.1310.

DOGE is trading at $0.1714 at press time.

SHIB/USD

SHIB is the biggest loser from today as the meme coin has fallen by 0.84% over the past 24 hours.

SHIBUSD

SHIB/USD chart by Trading View

SHIB is slowly approving the important support zone at $0.00002952. If sellers can keep the fall and break this area, the prerequisites might arise for a sharp fall to the next level at $0.00002010. Such a scenario is relevant until the end of the year.

SHIB is trading at $0.00003144 at press time.


Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.