What’s next for Bitcoin and Altcoins?

The following are key points.

• Bitcoin must convert the $80,000 support level to a new high to reach $84,000.
• The price of several major altcoins is dropping, and they are finding new buyers. However, the upward trend will be halted by resistance above.

BitcoinBTCThe price of a pound has now risen to over $78,000 extending upon its 11.87% rally CoinGlass data shows that CoinGlass reported a recovery in April. Solid buying of US BTC ETFs in April supported the recovery. $1.97 billion in inflowsAccording to SoSoValue,

According to analysts, the market is likely to sell in the area between the True Market Mean (TMM) at $78,000 and STH’s cost basis of $79,000. Analysts have predicted that prices will rise between the True Market Mean of $78,000 and the Short-Term Holding (STH cost basis) at $79,000. closely monitoring the $80,000 levelThis must be turned into support to confirm that the bulls are still in charge.

View the cryptomarket data every day. Source: TradingView

CryptoQuant believes that BTC’s current rally is unlikely to continue. The crypto analytics company said in a report that BTC’s up move in April was fuelled The demand for futures was mainly driven by traders while the supply of spot goods decreased. This suggests “the market’s marginal buyer was speculative, not fundamental.” CryptoQuant had warned that this exact setup was in an X-post. “preceded the next leg down” In 2022,

Can BTC or the main altcoins overcome their resistance level? Find out by analyzing the charts for the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC rose from its 20-day moving exponential average ($75.814), which indicates buying at a dip. 

BTC/USDT chart for the day. Source: Cointelegraph/TradingView

BTC/USDT could rally up to $84,000. If buyers break through the resistance above, they will be able to continue the trend. 

On the downside, the 20-day EMA should be the key support. If BTC breaks the 20-day EMA and turns downwards from its current price or overhead resistance, then it could start a more serious correction towards the 50-day moving average ($72362), and eventually the support line.

Prediction of Ether prices

EtherETHThe 50-day SMA is $2,207. This indicates bulls see the dips in the market as buying opportunities.

Chart of ETH/USDT for the day. Source: Cointelegraph/TradingView

A weakening of momentum is indicated by the flattening of the 20-day EMA, and the relative Strength Index (RSI), just above midpoint. The next target is the support line if the ETH price breaks down below the 50 day SMA.

Bulls, however, will try to force the ETH/USDT price above the 20-day EMA and drive it to $2.465, then up to the channel resistance. It is predicted that the next trending action will begin when the price closes above or below the resistance line. Up until that time, the pair is likely to remain within the channel.

XRP price prediction

It is a cryptocurrency that allows you to buy and sell XRP.XRP( ) is stuck between the price ranges of $1.27 and 1.61. This means that you should buy at a dip, but sell when it rises.

Chart for XRP/USDT on a daily basis. Source: Cointelegraph/TradingView

The 20 day EMA ($1.39) is slowly turning down, while the RSI has reached the midpoint. This indicates a slight favor to the bears. If the XRP rate remains below the moving-averages, it is more likely that we will see a fall to $1.27.

They will have a different plan. Price will try to rise above the moving-averages. If they are successful, the XRP/USDT may rise to the downward trend line of the descending pattern channel, and then the $1.61 level. If the pair closes above $1.61, a trend shift will be indicated.

BNB price prediction

BNBBNBThe bears failed to capitalize on their gains. This suggests a lower level of demand. 

BNB/USDT chart for the day. Source: Cointelegraph/TradingView

Bulls try to get the BNB above moving averages. The BNB/USDT may reach $654, and then the overhead resistance of $687 if they succeed.

In contrast, if price falls and breaks under $610 then it is a sign that the sellers still have control. It is possible that the pair will then fall towards $570, the support level where buyers should step in.

Solana price prediction

Solana is being supported by buyers (SOLBears still continue to put pressure on the market.

SOL/USDT chart for the day. Source: Cointelegraph/TradingView

SOL/USDT may fall to $76 if the $82.65 cracks. It is likely that buyers will defend $76 with all of their strength, since a break below the level may trigger the next phase of the downtrend to $67.

If, on the other hand, the SOL rises above moving averages it indicates that the pair could remain within the range of $82.65-$90.73 for a while. If the pair closes above $90.73, it opens up the possibility of a new attempt to break the $98 ceiling resistance.

Dogecoin price prediction

DogecoinDOGEBulls stopped the price from dropping below the level of $0.10, on Thursday.

Daily chart of DOGE/USDT Source: Cointelegraph/TradingView

The bears should be able to defend the $0.12 resistance level. Price breaks through the moving averages and turns lower, suggesting that the DOGE/USDT will remain in the $0.09 to $0.05 range.

Alternatively, the price of the pair could have reached a bottom in the short-term if the buyers were able to surpass the $0.12 barrier. It is possible that the DOGE will rise up to $0.14 then $0.16.

Hyperliquid price prediction

Hyperliquid (HYPEOn Thursday, the price fell below the SMA of 50 days ($39.84), but the “long tail” on the candlestick indicates that it was purchased at lower levels.

Chart of HYPE/USDT for the day. Source: Cointelegraph/TradingView

Bulls want to take the HYPE above the 20 day EMA ($40.85). They may be able to rally the pair HYPE/USDT towards the $43.76 – $45.77 resistance area if they succeed. If the pair closes above the resistance zone, the road to $50 is clear.

In contrast to the assumption made, if price drops and falls below $38.70 it indicates that bears are buying on rallies. This could lead to a further pullback, possibly to $37.77 or even $34.45

Related: Did Dogecoin bottom first? DOGE price poised for 20% gains as whales return

Cardano price prediction

Cardano (ADA( ) is clinging on to the moving-averages. This indicates that bulls are still in control.

Chart for ADA/USDT on a daily basis. Source: Cointelegraph/TradingView

It increases the likelihood of the pair breaking through the line. The ADA/USDT may then surge up to $0.32, and then to $0.37. This would indicate a possible short-term change in trend.

If the ADA breaks down below $0.22, then this view of a bullish future will become invalidated. A move like this suggests that the pair will remain within the descending trend for at least a couple more days.

Bitcoin Cash price prediction

Bitcoin CashBCH( ) has bounced back off the $443 level, showing that bulls have been aggressively protecting the price.

BCH/USDT chart for the day. Source: Cointelegraph/TradingView

The 50-day SMA (453) is a minor barrier, which is expected to be broken. BCH/USDT could then surge to $486. At this point, bears may sell in a big way. The pair can reach $520 if the buyers manage to break through the resistance.

This assumption is incorrect. If the BCH price drops sharply from $486 to below the moving averages and continues down, this suggests the bears will continue to sell on rallies. This could keep the pair in a range between $419-$486 for a while.

Monero price prediction

Monero (XMR) bounced off the 20-day EMA ($366) on Wednesday, indicating a positive sentiment. 

Chart for XMR/USDT. Source: Cointelegraph/TradingView

The positive RSI and upsloping 20 day EMA indicate the upward path. The rally could reach $500 if buyers maintain and push the XMR above the resistance level of $406.

If the pair XMR/USDT breaks the moving averages below and the price falls sharply to the downside, then it is likely that this pair will remain in a range between $302 and $406.