Bitcoin reaches new highs while altcoins struggle

The following are key points.

• Bitcoin’s relief rally rose beyond $108,000. But the bulls might struggle to maintain the price at the $111,980 high.

• A number of major altcoins are rebounding from their lows, but they still do not find buyers in higher prices.

Bitcoin’s (BTCThe relief rally began on Monday following the US President Donald Trump’s resignation. “total ceasefire” The announcement was made by between Israel and IranThe bulls’ demand for a bull market is evident by the fact that.

As seen in the chart, institutional investors have not stopped buying despite the recent geopolitical tensions. 11 consecutive days of inflows into US spot Bitcoin exchange‑traded funds (ETFs). Farside Investors reported that ETFs received $3.35 Billion in Inflows from June 9 onwards.

Bitcoin may be on its way to a new all-time record of $111 980, but cryptocurrency markets will need to find a catalyst in order to keep the market at these higher levels. Bitcoin could stay within the range of $111,980 for some time if a catalyst is not found.

Bitcoin could reach an all-time record high. Would this push altcoins to the next level? Find out by analyzing the charts for the 10 most popular cryptocurrencies.

Bitcoin price prediction

Bitcoin rose sharply on Monday from $100,000 and broke above moving averages. This indicates that there was a lot of buying going on at lower prices.

The 20-day exponential movement average ($105.154) is starting to rise, while the relative strength indicator (RSI), which measures the market’s overall strength, has jumped back into the positive zone, indicating that the bulls will be returning. The sellers are likely to hold the area between the downward trend line and the $111,980 all-time record high.

When the price falls from the overhead zone and finds support on the 20-day EMA it indicates that bulls will buy dips. Bulls will try again to break the overhead zone. 

In contrast, the BTC/USDT could consolidate for some time between $98,200 and $111980.

Price prediction for Ether

EtherETH) turned up from the $2,111 level on Sunday and reached the 20-day EMA ($2.473) on Tuesday.

The 20-day EMA has flattened out and the RSI sits just below midpoint. This indicates a balanced supply/demand. The ETH/USDT could reach $2,738 if the price is above the moving-averages. It may then rise to $2.879.

In contrast to this, if price breaks down below 2,323, and turns downwards from the EMA of 20 days, it indicates that the bears have been selling during rallies. It is possible that the pair will then try to retest $2,111 as a solid support.

XRP price prediction

XRP’s (XRPThe bulls have been defending this level with vigor.

RSI and moving averages both have reached a plateau, signaling that trading between $2.65 to $2.65 will likely continue in the near future.

If buyers push the pair XRP/USDT above $2.65, or if sellers drive it below $2.50, the next trend is expected to start. The pair may fall to $1.61 if the $2 level is broken. If the pair breaks above the $2.65 level, it will open the door for an uptrend to $3.40 and $3.40.

BNB price prediction

BNBBNB( ) climbed up the pattern from Sunday’s support line to reach the resistance line by Wednesday.

If the buyers are not willing to give too much up from the support line, chances for a breakout above the channel will improve. BNB/USDT could rise to $675, and then to $698.

A break below the $625 level suggests the bears will be aggressively defending this resistance line. If the pair falls to $580 near the support line, it may extend its stay within the channel for several more days.

Solana price prediction

Solana (SOLOn Monday, the price of the pound rose from $126 to $140.

Bulls are not letting the price drop below $140, which is a sign that they haven’t allowed it to. The possibility of a breakout above the 20 day EMA increases with a shallow pullback. In that case, SOL/USDT may climb towards the 50 day SMA ($160).

The price will then have to be held below $140 to avoid an increase. Pair could drop further to $123 then to $100.

Dogecoin price prediction

DogecoinDOGE) rebounded off the $0.14 support on Sunday, but the relief rally may face selling at the 20-day EMA ($0.17). 

Bears will try one last time to lower the DOGE/USDT price below $0.14 if they see the price turn down quickly from the 20-day EMA. They could fall to $0.10, the strong support.

If, however, buyers manage to raise the price of the pair above the 20 day EMA, they may then decide to target the 50 day SMA ($0.20). Sellers are likely to try and stop the price recovery near the 50-day SMA. This will keep the pair in the range of $0.14 to $0.21.

Cardano price prediction

Cardano (ADAThe price of retreated from the support level at $0.50 on Sunday. However, the market is expected to sell the stock back down near the moving averages.

It is a sign that bears sell at every small rally if price falls below the 20-day EMA. This increases the likelihood of the pair breaking below the support level $0.50. The ADA/USDT could fall to as low as $0.40 if that occurs.

The pair would reach the SMA of the 50 days ($0.69) if the buyers were to breach the 20 day EMA. It is expected that sellers will defend the region between the SMA 50 and the downward trend line. However, if bulls succeed, it could indicate a change in the direction of the currency pair.

Related: Ethereum ‘death cross’ flashes for the first time since 2022 ETH price crash

Hyperliquid price prediction

Hyperliquid (HYPE), which is a stock that trades on the NYSE, has risen above its 20-day EMA and overtaken the 50-day SMA.

The HYPE/USDT could reach $42.50 if buyers keep the price over the 20-day EMA. The $42,50-$45.80 price zone is a strong resistance for buyers.

In the negative, a breach below the 20-day EMA indicates a lack buyers in higher levels. The 50-day SMA will then be the next target, followed by the important support level of $30.50.

Bitcoin Cash price prediction

Bitcoin CashBCH) turned up from the 20-day EMA ($450) on Wednesday, indicating that lower levels continue to attract buyers.

Price has now reached $500 overhead resistance, and the bears will likely mount a fierce defense. The likelihood that the price will break through $500 increases if the buyers are not willing to cede ground. This could push the BCH/USDT to $550.

In the short term, this positive outlook will be nullified if price drops and falls below 50-day SMA (424). This pair could then plummet to $375.

Sui price prediction

Sui (SUI) turned up sharply on Monday and reached the 20-day EMA ($2.94) on Tuesday, where the bears are posing a stiff challenge. 

Bears are in control of the market when the 20-day EMA is downsloping and the RSI is negative. The sellers will attempt to push the price towards the $2.29-$2 support area, but buyers may have different plans.

Bulls will attempt to stop the downward trend and raise the price over the 20-day EMA. The SUI/USDT could reach the 50-day SMA (3.39 USD) if they succeed. This could indicate that the correction is over. 

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.