Bitcoin Eyes $80K-$100K While ETH, ADA, SOL Face Year-End Selling Pressure

Major cryptocurrencies like Ethereum (ETH), Cardano (ADA), and Solana (SOL) are experiencing a downturn as year-end selling pressure continues in the market. This corrective movement coincides with a period of consolidation for Bitcoin (BTC), which is currently trading below its recent highs. Despite the short-term pullback in altcoins, sentiment among Bitcoin traders remains optimistic, with many setting their sights on a potential price range of $80,000 to $100,000 for the leading cryptocurrency. Analysts attribute the current selling to portfolio rebalancing and profit-taking at the year's end, a common phenomenon in financial markets. The broader outlook suggests a temporary divergence, where Bitcoin's strength could pave the way for a renewed rally across the crypto sector once the selling pressure subsides.