Important points
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Bitcoin was facing near-$89,000 selling, but the bulls did not give up much, suggesting that a rise to $93,500 is possible.
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Some major altcoins started to show signs of recovery. However, they may face higher selling prices.
Bitcoin’s (BTCBears try to maintain the price under $88,000. Peter Brandt, a veteran trader on X said that BTC’s current recovery was a dead cat bounce.
Timothy Peterson is a slightly more upbeat network economist. Peterson stated in a blog post at X, that according to a prediction tool based on AI, BTC has a 15% chance of closing below $84,500 The end of the year is approaching. BTC had a less than 50% chance of reclaiming $100k by December 31.
Augustine Fan of SignalPlus, head insights, told Cointelegraph: “BTC is likely to form.” “local lows for now.” Fans anticipate the arrival of the fan BTC to range from $82,000 to $92,000The next big downside is if price stays below $78,000.
What is the critical support and resistance level to be on alert for BTC? We’ll analyze charts for the 10 most popular cryptocurrencies.
Bitcoin price prediction
BTC recovery will be affected by the selling of BTC at 20-day exponential moving Average ($93.431).
When the price moves down and away from the 20-day EMA it indicates that sentiment is still negative. Traders are likely to sell on any rallies. BTC/USDT could then return to the $81,600 mark. Bitcoin could fall to $73,777, if support begins to crack.
The negative opinion will soon be disproved if prices continue to rise and break above the 20 day EMA. This could lead to a psychologically high level of $100,000.
Prediction of Ether prices
Ether’s (ETHRecovery is faced with selling at or near $3,000 but it is a good sign that the bulls did not give up much to the bears.
The relief rally may reach the 20 day EMA (3,120), and then the break-out level of 3,350. The bears are going to try and sink the pair ETH/USDT below $2,623 if the price drops from the resistance zone overhead. Ether’s price may fall to as low as $2,400 if the bears succeed in lowering it below this resistance zone.
The price will need to be above the simple 50-day moving average of $3,596 to indicate that the downward trend may have ended.
XRP price prediction
XRP’s (XRPDespite the fact that the recovery has been facing selling near the 20-day EMA (2.20), the bulls continue to pressurize.
The XRP/USDT could stay in the descending pattern of the channel for some time if the price is above the 20 day EMA. The XRP/USDT pair will signal a possible trend change after buyers have driven the price of XRP over the downtrendline.
If the price drops sharply below the 20-day EMA then the bears may try to push the pair under the support line. If they succeed, the XRP could fall to the $1.61 support level.
BNB price prediction
BNBBNBThe battle for $860 has seen a lot of buyers and sellers.
The bears will continue to buy on rallies if the price drops below the current or 20-day EMA (911). It increases the likelihood of the price breaking below $790. That would open the door to a fall down to $730.
The market will reject the breakout below the $860 mark if BNB turns up above the 20 day EMA. BNB/USDT may then rise to the SMA 50 days ($1.034).
Solana price prediction
Solana (SOL) is facing selling near the 20-day EMA ($144), indicating that the bears remain active at higher levels.
Sellers are going to try and pull Solana’s price down below $126. SOL/USDT could fall to $100 and then to $95 if they are successful. It is likely that buyers will fiercely defend $95 as a support.
To gain control, bulls need to overcome the hurdle created by the EMA of 20 days. It is possible that the pair will rally towards the 50-day SMA, which stands at $170. The bears should then pose significant resistance.
Dogecoin price prediction
Dogecoin’s (DOGE) bounce off the $0.14 support is facing resistance at the 20-day EMA ($0.16), indicating that the bears are attempting to retain control.
The risk of a breakdown below $0.14 is increased if the price drops sharply from its 20-day EMA. Dogecoin could plummet down to $0.10 on Oct. 10, which might attract buyers.
A break above and a close over the 20-day EMA, on the other hand, indicates that the bears have lost their hold. The DOGE/USDT pairs could then rise to the SMA 50 days ($0.18). That would signal that price will remain in the $0.14-$0.29 range for quite some time.
Cardano price prediction
Cardano’s (ADAA shallow bounce from the $0.38 mark indicates that bulls are not aggressively buying.
Bears will continue to try and pull down the price under $0.38. If the bears can do it, they could bring the ADA/USDT to the panic low $0.27 of October 10.
The buyers have a steep task in front of them. Cardano’s price is likely to be sold at $0.50 as a result of any recovery attempts. However, if bulls succeed, it could reach the 50-day SMA (0.58). The 50-day SMA is a good indicator that the current downtrend may be over.
Related: Four reasons why Ethereum price remains bullish above $2,800
Hyperliquid price prediction
The bears will mount a vigorous defense at the $35.50 breakdown level for Hyperliquid (HYPE).
The bears may have turned the 35.50 resistance level into support if the price drops sharply. The risk of breaking below $29.30 is increased. The pair HYPE/USDT may fall to as low as $24
For a recovery, the buyers must drive the Hyperliquid above the SMA of 50 days ($39.48). The pair may surge up to $44 or even $51.50 if they achieve this.
Bitcoin Cash price prediction
Bitcoin Cash has been a popular choice for buyers.BCHThe resistance line is above, and the bears keep on exerting pressure.
It is possible that the bullish break of the resistance line was just a trap. The BCH/USDT will be pulled to $443 by the bears.
A strong bounce from the moving averages indicates that bulls will buy on dips. It increases the chance of the price breaking through the $568 barrier. Bitcoin Cash could soar up to levels of $606 if this happens.
Chainlink price prediction
ChainlinkLINK) has risen close to the 20-day EMA ($13.88), where the bears are expected to pose a strong challenge.
Bears may try to push the LINK/USDT down to $10.94 if the price moves below the 20-day EMA. The $10.94 support level is expected to be defended by buyers with great force, since a breach below this could bring the pair down to $7.90.
In contrast, if the pair closes above the 20 day EMA and breaks through it then the pressure to sell is easing. It is possible that the pair will rise up to its 50-day SMA (16.22). The price of Chainlink may continue to be in the range between $10.94 and $27 for some time if it closes over the 50-day SMA.
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.
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Source: cointelegraph.com
