Important points
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Bitcoin’s weekly close is expected to reach $109,000. However, higher prices are likely attract buyers.
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HYPE BCH LINK and SEI may extend their rally if Bitcoin stays above $105,000.
BitcoinBTCThis week the price of () rose by more than 6 percent, which indicates strong purchasing near $100,000. Bulls try to maintain the price at $108,000. Rekt Capital, a well-known trader/analyst on X, said: if Bitcoin achieves its highest weekly closeThat’s not all “would enable Bitcoin to enjoy a new uptrend into new All Time Highs.”
But it’s important to remember that, in general, liquidity is low on weekends, so any breakout should be taken 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 rebounded from 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.
Examine the charts of 5 major cryptocurrencies and determine their critical support and opposition levels.
Bitcoin price prediction
Bitcoin is trading in between moving averages, and the downward trend line. Bears held firm as buyers tried to move the price over the downward trend.
Moving averages slope up slowly, while the relative strength indicator (RSI), which indicates that bulls hold a slight advantage, is also in positive territory. Bulls could push the BTC/USDT price up to $110,530, and then to $111980 if they can get it above the downward trend line.
In the area between the downtrend and neckline of an inverted head-and shoulder pattern, sellers will pose a challenge. If buyers push through the pattern, however, it could skyrocket to $150,492.
The optimistic view may be shattered in the short-term if price falls below moving averages, and the downward trend is reversed. This opens up the possibility of a drop to $102,500, and even $100,000.
The bulls were unable to overcome the obstacle at the upward trend line. It is a sign that bulls have lost control if price drops further and the moving average falls below 20. If the pair continues to slide, it may reach the 50-simple EMA. This is an important level that should be watched. If the 50-SMA is broken, the selling could be accelerated and the pair may reach $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, then 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.
If the price falls and slides below the 20 day EMA it means that the bears have taken over at the higher levels. This pair could then drop to the 50 day SMA ($34.42). If the pair closes and breaks below the SMA, it could drop to as low as $30.69.
Bulls have been trying to move the pair above $39.12, the nearest resistance. The pair may reach $41, and then $42.50, if they are successful.
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 the $500 mark, 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. BCH/USDT may soar as high as $550. The sellers will attempt to stop the rally around $550. If the bulls win, however, they could push the pair up to $625.
First, the 20-day EMA (464) is the first level of support for the downtrend. Then comes the 50-day SMA. 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 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. It is possible that the pair will then rise to $18.
In contrast, if price drops sharply off the current level (or the 50-day SMA), it indicates that bears are selling rallies. If the price breaks below $12.73, the pair could remain in the channel of decline for some time.
Bulls try to drive the price up to the resistance level, while bears aggressively defend the $13.50 mark. It is a sign of a lackluster demand for the higher price levels if the price breaks down below the 20 EMA. This pair could then fall to the 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 (SEIAfter breaking through the 50-day SMA ($0.21), on Monday the price of grew and surpassed the resistance level $0.29 on Tuesday.
The price dropped below $0.29 on Wednesday. The bulls’ success in pushing the price above $0.29 is a positive indicator. The RSI and 20-day EMA ($0.23) have both started turning up. This indicates that the upward path is the one with the least resistance. SEI/USDT may rise up to $0.35 before settling at $0.43.
In the short term, this positive outlook will be nullified if price breaks down below the 20 day EMA. This could push the pair to $0.19, and then to $0.15.
The RSI and both moving averages have a positive slope, indicating an advantage for buyers. The pair may reach $0.33 if the price remains above $0.30.
Other plans are most likely in the sellers’ minds. The sellers will attempt to lower the price. They may be able to pull the price below the 20-EMA. The 50-SMA will be fiercely defended by buyers because further pullbacks could slow the recovery of the upward trend.
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
