Bitcoin may drop to $76,000, while BNB, AAVE, XMR, and VIRTUAL perform strongly

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Bitcoin is under pressure and may drop to $76,000 in the short term. Despite failing to break through the $100,000 mark, buyers are still holding firm near support levels. Meanwhile, BNB, AAVE, XMR, and VIRTUAL continue to perform strongly.

Bitcoin Price Analysis

Bitcoin broke below the 50-day moving average ($96,124) on December 27, indicating that bears are in control. If it drops to the $90,000 support level and rebounds, it may retest above $100,000. The 4-hour chart shows a head and shoulders pattern; if it breaks below the neckline, it could drop to $85,000, or even $76,647.

BNB Price Analysis

BNB is fluctuating between $635 and $722, indicating a balance between supply and demand. A breakout above $722 could push the price up to $760 and $794. If it breaks below the 20-day moving average ($694), bears may take control, resulting in a price drop to $635.

AAVE Price Analysis

AAVE is currently close to the 20-day moving average ($329); if it breaks below this level, it could drop to $261. If it breaks above $362, AAVE may challenge the $400 resistance level again.

Summary

In the short term, Bitcoin may test the $90,000 support level, while BNB and AAVE remain strong. Investors should pay attention to key support and resistance levels to make informed investment decisions.

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