Price analysis 12/20: #BTC , ETH, #XRP , #SOL , #BNB , #DOGE , ADA, AVAX, LINK, TON

A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.

Bitcoin BTC$97,437 extended its pullback for the third consecutive day, but lower levels attracted solid buying by the bulls. The cooler-than-expected United States inflation data likely fuelled the bounce. The Federal Reserve’s preferred inflation metric, the Personal Consumption Expenditures (PCE) index, came in at 2.4% versus economists’ expectations of 2.5%.

That helped improve sentiment, which turned bearish after the Fed chair Jerome Powell forecasted the likelihood of two rate cuts in 2025, down from the four that were projected in September.

Is this the start of a deeper correction or an opportunity to buy before the uptrend resumes? That’s the crucial question in traders' minds. Whalemap analysts said in a post on X that the Onchain Volume Profile shows Bitcoin’s accumulation range is forming at the current prices, and the one below is in the $60,000 to $67,000 zone.

What are the crucial supports to watch out for in Bitcoin and the altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.