Important points
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Bitcoin’s price has fallen below $116,000 but analysts predict that it will rise again if buyers step in lower.
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Certain altcoins are at critical levels of support where buyers will be expected to take a stand.
BitcoinBTC( ) tried to recover on Friday but the higher levels attracted sellers. This has pushed the price below $116,000, as traders on short term are trying to get out.
Stockmoney Lizards stated in an X message that BTC has been experiencing a shakeout both in the upward and downward direction. Despite this correction, Stockmoney Lizards remains optimistic, expecting BTC to find support around $118,000 to $119,000.
Peter Brandt of Cointelegraph told Cointelegraph that “BTC could hit a bull market high any day now,” If it continues to follow its historic cycle pattern. Brandt added that cycles might change and that this is 50/50 likely to happen. Brandt is expecting counter-cyclicality. BTC to rally to as high as $185,000.
What critical levels of support and opposition should you be watching for on BTC, and other major altcoins. Find out more by looking at the charts of 10 top cryptocurrencies.
Bitcoin price prediction
BTC is now below the exponential moving average (20-day EMA), which represents a crucial support in the near term for bulls.
The bulls are likely to try to push BTC/USDT up to $126199, their all-time record high. Breaking above resistance may open the way for a rally towards $141,948.
The opposite is true: a closing below the 20 day EMA indicates that bulls are losing control. This pair may then fall to the simple moving average 50 days ($114,571). This means that the Bitcoin rate could stay in the range of $107,000 to $126,199 for some time. Sellers take control if the price closes below $107,000.
Prediction of Ether prices
Ether is not being pushed by the bulls (ETHThe bears sold heavily on Wednesday when the price rose above the resistance level.
Ether’s price has dropped and reached a solid $4,060 support. The $4,060 – $3,745 zone of support is expected to be defended with all the force that buyers can muster, as a fall below this level signals an possible short term top. This could lead to a new trend of the ETH/USDT towards $3350.
The price will only gain strength if buyers push it above the resistance. A close above the resistance of $4,750 is likely to increase upside momentum.
BNB price prediction
BNBBNBThe price of, after an impressive rally, has dipped, however, the drop is found to be supported near the Fibonacci Retracement Level at $1,217.
The bulls would like to see the price rise above $1,350, which is the resistance level. The BNB/USDT could continue the upward trend towards the target of $1.440, and then $1.642.
Bears will probably have other ideas. It is likely that the bears have different plans. They will sell the rallies and pull the price below $1,217.
XRP price prediction
The XRP currency (XRPThe price of ) fell close to the support level at $2.69. This is an important area for bulls to protect.
If the pair XRP/USDT closes at or below $2.69 then it will have completed a downward channel pattern. This could lead to a rapid drop in the price of XRP, which would eventually push it down to $2.20.
To prevent a fall, buyers will need to maintain the price at or above the downward trend line. Failure of a pattern that is bearish can be a positive sign, as this traps aggressive bears and results in a squeeze.
Solana price prediction
Solana (SOL) bounced off the 50-day SMA ($217) on Wednesday, but the recovery was short-lived as the bears pulled the price below the moving averages on Friday.
Solana’s price may drop below the line of support, a level that bulls must defend. If the price breaks through the moving-averages and turns upwards from the support level, this signals that SOL/USDT could stay in the ascending channel pattern.
A breakdown below the resistance line indicates the bulls’ surrender. It opens the door to a decline down to $175.
Dogecoin price prediction
DogecoinDOGEThe 50-day SMA is a good support for the. However, the lack of a bounce at higher levels indicates that demand has not been strong.
Bears try to lower the price down to the upward trend line. This is an important support that you should keep your eye on. When the price breaks through the upward trend and returns above the moving mean, this indicates that the triangle ascending pattern is intact. This pair of DOGE/USDT could then rise to $0.27 or even $0.29.
A break or close below the upward trend line invalidates a bullish setup. The Dogecoin may oscillate in price between $0.14 to $0.29 over the next few days.
Cardano price prediction
Cardano is being pushed by buyersADAThe bears were able to hold their position despite the fact that the market closed Wednesday’s session above moving averages.
The sellers will attempt to push the price down to the line support of the channel pattern. This is where buyers should step in.
Contrarily if Cardano’s price rises and breaks over the moving averages then it is a sign to buy on dips. It increases the likelihood of an upward move above the resistance level. The ADA/USDT could then start a move upwards to $0.95, and eventually to $1.02.
Related: XRP whales dump $50M per day: Will it crash the price?
Hyperliquid price prediction
Hyperliquid’s (HYPE) price fell Thursday below the support level of $43 and the 20-day EMA. This indicates a negative market sentiment.
If the pair HYPE/USDT continues to trade below the $43 level, it could fall as low as $39.68. A close below this critical level will result in a negative head-and-shoulders chart. It may trigger a decline to 35.50 then on to 32.
The price of Hyperliquid will have to be driven above the moving-averages for a recovery to occur. After buyers push the price over the $51.87 barrier, the upward momentum may pick up.
Chainlink price prediction
ChainlinkLINK() has been struggling to break through the resistance level, but it is a good sign that the bulls are not giving up much to the bears.
They will attempt again to overcome the barrier. The corrective phase could be ending if they succeed. Chainlink’s price may rise up to $25.64, and then on to $27.
If the price drops and falls below $21, this view is invalidated. The LINK/USDT could remain in this channel until further notice.
Sui price prediction
Sui (SUI( ) is trading within a falling wedge, which can be considered bullish if it breaks out to the upside.
Bulls and bears are in an intense battle at the moving averages. SUI/USDT may reach the downtrendline if the buyers continue to push prices above moving averages. Expect sellers to vigorously defend the trendline because it is a key to a rally up to $4.44, and even $4.44.
If, on the other hand, the price drops and falls below $3.30 it indicates that the bears want to gain control. Sui may fall below the line of support.
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Source: cointelegraph.com
