The following are key points.
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Bitcoin is likely to continue consolidating in the short term. However, the trend will remain positive so long as it remains above $105,530.
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BNB, XLM LTC ETC charts are all positive.
BitcoinBTCThe price of, remains in consolidation as bears frustrate the bulls’ attempt to keep the price above $120,00. Jurrien Timmer is Fidelity’s Director of Global Macro. BTC remains right in the middle Its adoption curve is compared with internet adoption in previous decades. This suggests BTC still has room for growth.
BTC rally and the passing of three key pieces of legislation The cryptocurrency market has been boosted by the US House of Representatives. The total market cap of cryptocurrency was pushed to under $4 trillion on FridayAccording to CoinMarketCap, the market cap has dropped from $3.85 trillion since then. The market cap is now $3.85 trillion.
EtherETH“” is leading the altcoins charge higherThe start of a new altseason is signaled by the onset of a sharp rally. While sharp rallies in bull markets are not uncommon, traders need to be prepared for many pullbacks. Be sure to adhere to good money management rather than chase after prices.
Analyze the charts to see which 5 crypto currencies are performing well.
Bitcoin price prediction
BTC’s slight pullback indicates that bulls do not expect the trend to end soon, as evidenced by the fact they are not in a hurry to take profits.
A positive relative strength (RSI) and an upward-sloping exponential moving average (20 days, $113,984) indicate a buyer’s advantage. BTC/USDT’s uptrend could be resumed if bulls drive the price to $123,218. This pair may surge up to $135 729 before reaching the $150,000 pattern target.
The bears are running out of time. To get back in the game, they will need to quickly drag the price down below $110,530. This may encourage short-term investors to take profits and push the price up to $100,000.
The bulls’ grip is slipping as the price dropped below the 50 simple moving average. Bulls must defend $115,000 as this is a crucial level. They may not be able to defend the level between the neckline in the inverse Head-and-Shoulders pattern and $110,530.
Bulls would again try to push the pair over $123,218 if the price moves up. The pair may then rally up to $130,000, and eventually to $135 729.
BNB price prediction
BNBBNBThe pound gained momentum on Wednesday after closing the day above resistance at $698.
BNB/USDT has broken through $732, and on Friday reached the $761 mark. Bears continue to defend the level. The positive mood is shown if the buyers prevent the price from falling below $732. This increases the chances of breaking above $761. This pair may then reach $794.
If the price breaks down below $732 and continues to fall, this signals the possible formation of a range. For a while, the pair may oscillate between $698-$761.
The 4-hour chart shows that both moving averages have a positive slope, while the RSI has reached the overbought area, indicating the bulls’ control. Bulls are in control as the pair has turned downward from $765. The buyers will try to push the pair up to $794.
A close below $732 will signal weakness. Selling could increase if the pair falls below the 20-EMA.
Stellar price prediction
Stellar (XLM( ) has rallied strongly in recent days and reached resistance above $0.51.
The rally has pushed RSI to the overbought zone, signaling a potential consolidation or correction near-term. The XLM/USDT could rise above $0.51 if buyers don’t allow the price of the pair to drop below $0.43. If this happens, then the pair will likely start its next uptrend towards $0.64. Later on it may reach the target goal of $0.80.
In the short term, this positive outlook will be nullified if the pair closes at or below $0.43. This pair could then drop to the 20 day EMA ($0.36).
The RSI indicator on the 4-hour graph is showing signs that a downward divergence may be forming, indicating a weakened momentum. If the 20’s EMA breaks, then the pair might drop below the 50’s SMA. It is important to watch this level because breaking below it may take the pair down to the Fibonacci 50% retracement of $0.37.
A solid bounce from the 20-EMA indicates buying at dips. It increases the chances of the pair breaking through the $0.51 barrier. This pair could then continue its upward trend to $0.59.
Related: Stellar’s XLM has ‘most bullish chart’ in crypto, mirroring XRP price
Litecoin price prediction
Litecoin, (LTCThe candlestick shows that the price of gold (which is currently trading at $107.07) was broken on Friday. However, the bulls failed to maintain the high levels.
They are not likely to surrender easily. Again, they will attempt to maintain and drive the price higher than $107. The LTC/USDT could reach $130, then $140 if they are successful.
The sellers may have different plans. The sellers will attempt to keep the price under $107. They will try to keep the price below $107. If they succeed, then the pair may fall to the 20-day EMA (93). If the pullback is deeper, it could deter the resumption up movement.
The price has fallen below $107, signaling a solid sell-off at higher prices. It is important to keep an eye on the 20-EMA. Bulls may try to push the pair over $112 if the price bounces off the 20 EMA. They could then push the pair to $120 or even $130.
A break below the 20 EMA is a sign that short-term traders are taking profits. This could bring the pair down to the 50 SMA.
Ethereum Classic price forecast
Ethereum ClassicETCOn Friday, the price of soared over $21,70 to indicate that bulls were on the move.
The rapid rally has pushed RSI to overbought, suggesting a small consolidation or correction near-term. ETC/USDT may test the $21.70 breakout level again. It is a sign that sellers have turned this level into support if the price bounces off with force. This increases the probability of a rise to $27.
A drop under $21,70, on the other hand, indicates that the market has rejected the breakout. This pair could then crash to the 20-day EMA (currently at $18.50).
At $24.98, the rally has been slowed by profit booking, and the price is now at the Fibonacci level of 22.92 percent. Bulls may try to continue the upward trend if the price bounces off its current level. They may succeed in bringing the pair to $27.
On the contrary, a close and break below $22.92 may cause the pair to fall back down towards the crucial support level of $21.70. To maintain bullish momentum, buyers must firmly defend the level of $21.70. They may fail, and the pair could fall to $19.56, which would be a complete retracement by 100% of the recent rally.
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Source: cointelegraph.com
