The following are key points.
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Bitcoin is aiming for a weekly closing above $109,000 but sellers are more likely to be attracted by higher levels.
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HYPE BCH LINK and SEI may extend their rally if Bitcoin stays above $105,000.
BitcoinBTCThis week () has made a strong comeback, rising by more than 6 percent, which indicates that there is a lot of buying going on near $100,000. The bulls want to increase their lead by maintaining the price over $108,000. Rekt Capital, a well-known trader/analyst on X, said: if Bitcoin achieves its highest weekly closeYou can’t. “would enable Bitcoin to enjoy a new uptrend into new All Time Highs.”
It is important to note that the liquidity of stocks remains low over the weekend. A breakout in price should therefore be treated with caution. On Monday, sellers will return and try to maintain the price in the range of $100,000 to $111980.
The strength of Bitcoin has led to a surge in the buying of several altcoins that have risen above their support levels. Select altcoins may try to continue their rally if Bitcoin reaches a new high. They will do this by breaking through their overhead resistance level.
We’ll examine the charts for the 5 top cryptocurrencies to find their key support and resistance levels.
Bitcoin price prediction
Bitcoin trades between the moving-averages and the trendline. The price was pushed above the downward trend line by buyers, but bears held firm.
Moving averages slope up slowly, while the relative strength indicator (RSI), which indicates that bulls hold a slight advantage, is also in positive territory. The BTC/USDT could reach $110,530 or even $111,980 if bulls push it over the downtrend.
In the area between the neckline and downtrend line of the head-and shoulder pattern, sellers will pose a challenge. If buyers push through the pattern, however, it could skyrocket to $150,492.
In the short term, this optimistic outlook will be shattered if the price breaks the moving averages and turns downwards from the trend line. The price could fall as low as $102,500 or even lower, to $100,000.
The bulls failed to clear the hurdle above the downward trend line. The bulls may be losing control if the price breaks lower than the 20-EMA and continues to fall. It is important to be on the lookout for a pair that may skid towards the 50-simple sliding average. Breaking below the 50 SMA may accelerate the sell-off, pushing the pair towards $100,000.
Bulls need to keep the price higher than the trendline to show strength.
Hyperliquid price prediction
On Thursday, Hyperliquid (HYPE), a stock that trades on the NASDAQ exchange, fell under the 20-day EMA ($37.14), but bears couldn’t sustain their lower levels. This shows that you should buy on any minor drop.
Bulls pushed up the price to the 20-day EMA. The resistance is at $39.12 but, if bulls can overcome this barrier, the pair HYPE/USDT could rise to $42.50. The $42.50 to $45.80 area is expected to be a significant barrier for buyers.
In the opposite direction, if price drops and slips under the 20-day EMA then it is a sign that there are bears active on higher levels. It is possible that the pair will then fall to its 50-day SMA (currently $34.42). The pair could fall to $30.69 if the pair breaks and closes below the 50 day SMA.
The bulls are attempting to raise the price of the pair over the short-term resistance level of $39.12. If the bulls succeed, they could take it to $40 and then to $42.50.
First, the moving averages (20-EMA) and 50-SMA provide support for the price on the downside. Breaking below moving averages indicates that bullish momentum is waning. The pair might fall as low as $33.25 before settling at the strong support of $30.69.
Bitcoin Cash price prediction
Bitcoin CashBCHThe bears are threatening to sell at $500. However, the fact that bulls didn’t give much ground is encouraging.
Moving averages that are upward-sloping and an RSI within the positive range suggest the bulls have the upper hand. This increases the probability of a breakout above $500. The BCH/USDT could reach $550 if this happens. Sellers are going to try and stop the rally, at $550. But if bulls succeed, then the pair can reach $625.
First, the 50-day SMA (430) and the 20-day EMA (464). Breaking below the 50 day SMA indicates that bears have returned to the market.
Bulls try to maintain the price over the 20-EMA chart on 4-hour. The pair may once again be able to rise above $500 resistance if they are successful. If the pair succeeds, they could once again rise above $500 resistance.
The opposite is true if price continues to fall below 20-EMA. This indicates the bulls will be taking profits. This could bring the pair down to the 50 SMA where bulls will likely step in.
Related: Here’s what happened in crypto today
Chainlink price prediction
ChainlinkLINK) has been clinging to the 20-day EMA ($13.27) for the past few days, indicating that the bulls have maintained their pressure.
The LINK/USDT could reach the 50-day SMA (14.43) if the price maintains and breaks above the 20 day EMA. It is expected that sellers will defend the 50 day SMA as hard as they can, because breaking above it could signal a possible trend change. This pair could then move up to $18.
If the price falls sharply below the current or 50-day SMA level, this suggests the bears will sell on rallies. The pair may remain within the downward channel as long as the pair breaks through $12.73.
Bears defend $13.50 aggressively, while bulls push price towards resistance. It is a sign of a lackluster demand for the higher price levels if the price breaks down below the 20 EMA. It is possible that the pair will then drop to its 50-SMA.
A sharp bounce off of the 20-EMA, on the other hand, signals a more positive mood. Watch out for the pair to rise up to the resistance level. The pair could move towards $15.50 if the price moves above the resistance level.
Sei price prediction
Sei (SEIThe price of () has gained momentum since Monday, when it broke out above the 50 day SMA ($0.21) and went beyond the $0.29 resistance.
But buyers were unable to sustain higher prices, so the price fell below the $0.29 mark on Wednesday. Bulls are a good sign because they have pushed the market back up above the $0.29 mark. The 20-day EMA has begun to rise, while the RSI shows a positive reading, indicating the upward path is the most likely. The SEI/USDT could reach $0.35, and then $0.43.
The positive sentiment will not be valid in the near future if the market turns downwards and the price falls below the 20-day EMA. The pair could drop to $0.19 or even lower.
The RSI and both moving averages have a positive slope, indicating an advantage for buyers. If the price holds above $0.30, then the pair might rally up to $0.33.
Other plans are most likely in the sellers’ minds. The sellers will attempt to lower the price. The pair could fall to $0.27, and then to the 50 SMA if they succeed. It is expected that buyers will defend the 50 SMA vigorously because a further drop could deter the upswing.
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
