Important points
-
Bitcoin fell under the $100,000 level on Sunday. A rebound may depend on what US stock futures do.
-
Bitcoin’s decline has pushed ETH, XRP SOL and HYPE to their respective support level.
BitcoinBTC() plunged under the psychological support of $100,000 on Sunday, as traders processed the US attack on Iran’s nucleonic facilities. Cas abbe, a well-known trader who is active on X, said that Bitcoin could drop toward the $93,000 to $94,000 Zone before beginning a reverse.
Bitcoin’s weaknesses has been spread to many major altcoins. entered a deeper correction Breaking the law below their respective support levels. The traders have taken the risk out of the equation.
Analysts remain positive about Bitcoin over the long-term. Raoul Pal of Real Vision stated in a new video that this crypto cycle is similar to what we saw in 2017. He believes the crypto cycle to extend into Q2 2026.
Will Bitcoin bears maintain control, or could bulls drive the price above $100,000? Select altcoins will find buyers at lower price levels? Check out the charts and find out.
Bitcoin price prediction
Bitcoin dropped below the simple 50-day moving median ($104,788) Friday. It also broke through the $100 support level on Sunday.
Moving averages and relative strength index are both in negative territory. This indicates that the bears have control. If the price stays below $100,000, selling might intensify and push BTC/USDT down to $93,000.
In order to avoid a drop in price, the buyers must push the prices above the exponential moving average of the last 20 days (104,616). It is possible that the pair will rise up to the downward trend line. This would be a significant challenge to bulls.
A close below $100,700 completed the bearish triangle pattern. Pattern target for the negative set-up is $89420 but bulls will not give up so easily.
The first step will be to try and start a relief rally. This could lead them towards selling the pair at $100,000,700 then 20-EMA. Price may turn down if it breaks through the resistance above.
To start a real recovery, the bulls need to keep the price at or above the 50 SMA.
Price prediction for Ether
EtherETH) turned down from the 20-day EMA ($2,487) and fell below the 50-day SMA ($2,481) on Friday.
The ETH/USDT exchange rate broke the support level of $2,323 on Saturday. The price was pushed back up to the breakout level of $2323, however, renewed bearish selling has brought the pair close to the $2111 support. The bulls must defend the $2.111 support level because any break below that could bring the pair as low as $1.754.
Bulls must push the pair above the 20 day EMA if the price is to rebound from $2,111. This would indicate that the short-term correction has ended.
It is possible that the pair will find some support around $2,111. However, there are strong sales expected at $2,323, the level at which the price broke. Bears may try again to lower the pair below the $2,111 level if price falls sharply after $2,323.
In the short term, the pair may form a range if bulls are able to successfully defend $2,111. It is possible that the pair will oscillate for a period of time between $2.111 and $2.323. A close above the 50%-SMA could reduce selling pressure.
XRP price prediction
XRP’s (XRPThe range between $2.65 and $2.65 closed to the downside Sunday. It indicates that the bears are increasing their selling pressure.
If the pair XRP/USDT continues to fall below the $2 level, it could reach the $1.61 resistance. It is likely that buyers will defend $1.61 because breaking below the level could start a fall to $1.28.
Bulls need to quickly move the price up above $2, which is the level at which the breakout occurred. This will prevent the market from breaking down. It is possible that the pair will rise up to the moving-averages where the bears may pose a challenge.
Bulls attempted to bounce from the $2 support but bears sold aggressively near the 20-EMA of the 4-hour chart. Price turned downward and fell below $2, pushing the RSI to oversold territory. This suggests that a short-term relief rally could be possible.
Bears can sell the recoveries at $2, and even higher than the 20-EMA. Price drops off the overhead resistance and the pair may continue to fall. Close above the 50%-SMA is the first sign of a easing in the pressure on the sellers.
Related: Here’s what happened in crypto today
Solana price prediction
Solana (SOL) completed a bearish H&S pattern when the price closed below the $140 support on Saturday.
Bulls may try to begin a rebound, but they could face selling near the 20-day EMA (148). The SOL/USDT could fall to $110 and then to $93, if the price reverses from the 20 day EMA.
A close and break above the 20 day EMA would indicate a strong demand for prices below. The pair may rise up to the 50 day SMA ($160), a major obstacle.
Moving averages that are downsloping indicate the bears’ dominance, while the RSI oversold levels point to a potential rally for relief in the short term. An attempt to recover could run into selling pressure at the $140 level. Bears may try to continue their downward movement if price falls below $140.
To signal a return, buyers will need to maintain and push the price higher than the 50-SMA. The relief rally could reach $149 or $158.
Hyperliquid price prediction
The bulls have been rushing to make profits after failing to hold the price of Hyperliquid above $42.50.
Bulls have held on to the 50 day SMA ($32.26), however, the rebound has already been bought into. This increases the likelihood of a move below the SMA. The pair HYPE/USDT could drop to the $28.50 breakout level.
The buyers will likely have different plans. Buyers will likely have other plans. They could take the pair to $40.
The 4-hour chart shows both moving averages sloping downwards, while the RSI resides in the negative area. It is likely that pullbacks towards the 20-EMA will be bought into. The minor support of $30.50 could break. It is possible that the pair will then fall to the strong support of $28.50.
First, a breakout and close above 20-EMA is a sign of strength. The bears’ grip is loosening. It is possible that the pair will ascend above its 50-SMA. That could attract more sellers.
This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
