Bitcoin faced strong selling pressure on December 27, with bulls struggling to maintain momentum above $94,554. Analysts are cautious, noting a potential bearish head-and-shoulders pattern that could lead to a drop to $80,000, while altcoins are seen as offering better risk-to-reward opportunities. Ethereum and other cryptocurrencies like XRP, BNB, and Solana are also experiencing significant resistance and support levels, indicating a challenging market environment.
