Important points
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Bitcoin bulls must quickly raise the price above the 20 day EMA in order to avoid a crash to $105,000.
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Select altcoins have experienced a slight pullback, but investors do not seem to be in a hurry to dump them. They expect that they will continue to rise.
BitcoinBTC, which is going to try and rise above the $110,000 mark. However, the bears will defend the current level. Santiment, a crypto market sentiment platform, said that in its report. “buy the dip” Social media mentions are increasing, which signals a further decline. Santiment stated that a true bottom would form When is there a problem? “widespread fear and a lack of interest in buying.”
A negative factor for bulls, is the fact that BTC has been largely negative in September. CoinGlass’ data shows that BTC has been largely negative in September. BTC has closed September in the red Eight times since 2013, there has been a decline of an average 3.80%.
Institutional investors have continued to purchase despite the seasonal weakening and the decline in BTC, and other major altcoins. The digital asset investment product market has seen a rise. $2.48 billion in inflows last weekCoinShares’ data shows that reversing the $1.4 Billion inflows from last week.
BTC could climb above $110 530 and pull ETH, altcoins, and other currencies higher. We’ll find out by looking at the charts of 10 top cryptocurrencies.
S&P 500 Index price prediction
The S&P 500 Index (SPX) remains in an uptrend, but the negative divergence on the relative strength index (RSI) suggests the bullish momentum is weakening.
Bears will attempt to lower the price of the stock below the exponential moving average (20-day (6,418). If the bears succeed, they could bring the price down to the simple moving (SMA) 50-day average (6,316) before reaching the break out level of 6,147.
The zone between the SMA 50 and 6,147 will be fiercely defended by buyers, as a breach below this level signals the short-term peak. This correction may then reach 5,950.
US Dollar Index price prediction
On August 25, buyers pushed US Dollar Index DXY above moving averages but were unable to sustain higher levels.
On Thursday the index closed lower than the moving averages, signaling the attempt by the bears to take control. Minor support can be found at 97.55. However, if this level is broken, it could lead to 97.10 or 96.37.
If they want to avoid a downward trend, bulls need to quickly push the price up above 99. The index might reach the level of 100.50, if the bulls succeed in doing so. Sellers will defend the 100.50 mark, but if they are successful, then the rally may reach the resistance of 102.
Bitcoin price prediction
BTC fell below $110,530 on Friday. This indicates that the bears have taken control.
The bulls won’t give up easy and will make an effort to recover. The bulls will try to get the price above the 20 day EMA ($112,566), but they are likely to encounter significant resistance from bears.
When the BTC/USDT price pair falls sharply below the 20-day EMA it indicates a downward trend. This increases the likelihood of a fall to $105,000, and then $100,000.
Alternatively, a breach and close above 20-day EMA indicates that the selling will stop at lower prices. Bitcoin may climb up to the SMA of 50 days ($115,918).
Prediction of Ether prices
ETH) (ETH) has been witnessing a tough battle between the bulls and the bears at the 20-day EMA ($4,378).
The flattish RSI and 20-day EMA near midpoint does not favor either the bulls nor the bears. The ETH/USDT could fall to $4,094 if the price falls below the 20 day EMA. Bulls need to protect this crucial level, as a breach below opens up the possibility of a decline to $3.745 then $3.350.
To signal the return of an uptrend, Ether’s price will need to be pushed above $4,957. It is possible that the pair will then soar to $5,000.
XRP price prediction
The XRP currency (XRP( ) continues to slide towards the important support at $2.73. This is where we expect the buyers to come in.
The 20-day EMA is where any recovery effort will likely be met with selling. The XRP/USDT could fall below $2.73 if price moves sharply down from 20-day EMA. The price of XRP will complete a downward-sloping triangle, opening the way for a fall to $2.33.
The buyers have a steep task in front of them. The XRP must be pushed and maintained above the line of the downtrend to indicate a recovery. It is possible that the pair will then rise to $3.40.
BNB price prediction
BNB is a popular option for buyers who want to keep their BNB.BNBThe bears will not give in easily if they are above the 20 day EMA (847).
If the 20-day EMA breaks down, the RSI indicates that it is likely to do so. The BNB/USDT could fall towards the 50-day SMA (804) if that occurs.
In contrast to the assumption made, if price moves up and crosses above $881 it indicates that bulls still have control. It increases the likelihood of a breakout above $900. BNB’s price could then begin the next leg in the upward trend towards the psychological $1,000 level.
Solana price prediction
Solana (SOL() broke down below the $210 breakout level on Friday. The bears may be trying to capture the bulls who are aggressive.
Support is most likely to be found in the area between the 20 day EMA (195), and the upward trend line. The bulls are likely to try and push the pair up above $218, if they can force the price off of the upward trend line. They could push Solana to $240, and then to $260 if they succeed.
A break or close below the upward trend line invalidates a bullish ascending triangular pattern. This could increase selling and push the pair down to $175, then $155.
Related: Will XRP price drop toward $2 or reverse course?
Dogecoin price prediction
DogecoinDOGE( ) is now at $0.21, which indicates that bears will sell on small rallies.
The 20 day EMA ($0.22) is slowly turning down, while the RSI hovers just above the midpoint. This indicates that the bears are slightly in the lead. This increases the likelihood of a drop below $0.21. This pair could then fall to $0.19.
In the short term, this negative outlook will be invalidated if the price rises sharply and surpasses the SMA 50 days ($0.22) in the next few weeks. This suggests that the Dogecoin’s price could continue to fluctuate between $0.21-$0.26 for several more days.
Cardano price prediction
Cardano’s was halted by buyersADAThe bears continued to sell despite a pullback of the 50-day SMA at $0.82.
The ADA/USDT pairs closed Sunday below the 50 day SMA, kicking off the trend towards the support of the descending pattern. While buyers are expected to try and defend the support, it is also likely that the relief rally will be met by selling around the 20 day EMA ($0.84). The likelihood that the price will drop below $0.68 is increased if the price drops sharply off the 20-day EMA.
Cardano must be pushed above the downward trend line by buyers to indicate a recovery. It is possible that the pair will then surge to $1.02.
Chainlink price prediction
ChainlinkLINKOn Saturday, the price fell below the EMA (20-day) ($23.45), with the bears stymieing attempts from the bulls on Sunday to get the price up above this level.
In order to increase their positions, sellers will first try to pull the Chainlink Price to $20.69 and then down to the SMA of 50 days. The 50-day SMA is expected to be defended by buyers because a breach below this level could send the LINK/USDT to the upward trend line. The bigger the pullback the longer it may take before the next uptrend leg begins.
Close above 20-day EMA is the first indication of strength. This suggests that the market is likely to be buying in at lower prices. To resume their uptrend, the bulls need to break the $27 overhead support.
The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.
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Source: cointelegraph.com
