Key points:
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Bitcoin has held a selling price of more than $104,000, but ongoing sales could reduce the price to $100,000.
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Most major Altcoins still have scope, but some people threaten to break through support levels.
Bitcoin (BTC) witnessed a tough battle between the Bulls and the bears whose 50-day simple moving average approached ($104,269). The Bulls are trying to create higher lows when the Bears try to lower the price at $100,000 as psychologically supported prices.
Bitfinex analysts said in a market report on Tuesday Bitcoin needs to stay The $102,000 to $103,000 area can be started to recover as long as the geopolitical risk does not intensify further. Analysts believe that the current environment can provide “high-risk, advanced reward opportunities” for buyers’ confidence.
Another bullish voice is the voice of crypto contributor Gaah, who said in a “Quicktake” blog post on Tuesday that the Index Bitcoin Cycle Index (IBCI) is stable in the 50% range, indicating a “neutral point in the market cycle.” gaah added that Bitcoin is in a transitional phase, not a exhaustion phase, The exit door opens for further up.
Can buyers push Bitcoin to $110,000, or reduce Bitcoin to $100,000? How to set up AltCoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price forecast
Bitcoin surpassed the 20-day exponential moving average ($105,851) on Monday, but the Bulls couldn’t maintain higher levels. Prices fell, falling to Tuesday’s 50-day SMA.
The 20-day EMA has flattened, with the relative intensity index (RSI) approaching the midpoint, indicating that there may be a range-based role in the short term. If the price slips to the 50-day SMA, the BTC/USDT pair could fall to $100,000. Buyers are expected to do their best to defend the $100,000 level as its break may drop the couple to $93,000.
On the plus side, a breakout of EMA over 20 days can push the duo to the downtrend line. If this level is cleared, the couple may rise to the inverted head and strand pattern neckline, close to $112,800.
Ether price forecast
The buyer pushed the ether (eth) is above the 20-day EMA ($2,560) Monday and Tuesday, but the long wick on the candlestick shows that it is selling for close to $2,738.
The 20-day EMA and RSI flattening near the midpoint indicates that the range action may be performed in the short term. The ETH/USDT pair can be combined to $2,738 to $2,323 in a few days.
If the buyer pierces $2,738 resistance, it will add more than $2,879 to pull. The couple can soar to $3,153. This positive view will be invalidated in the short term with a break below $2,323. Then, the two could fall to $2,111.
XRP Price Forecast
Buyer pushes XRP (XRP) Above Monday’s 50-day SMA ($2.27), but the Bears stopped recovering for $2.34.
Both moving averages are flat and the RSI is below the midpoint, indicating that there may be range action in the short term. The XRP/USDT pair may stay between $2 and $2.34 for a while.
Contrary to this assumption, if the price continues to drop and below $2, it marks the beginning of a new downward measure to $1.61.
Buyers will receive a closing price above $2.34. Then the two may climb to overhead resistance for $2.65.
BNB price forecast
The seller thwarted the Bulls’ attempt to push the Kuomintang (BNB) above the 20-day EMA ($653) Monday and Tuesday.
The Bears will strengthen their position by raising the price to $634 support. If they do, the BNB/USDT pair could fall to $580.
Conversely, if the price rebounds by force of $634, it marks a lower level of stable demand. The Bulls will have to go up for $660 at a price above $660 to open the door to reach an overhead of $693. Sellers are expected to vigorously defend the $693 level, as a break above it could drop the couple to $732.
Solana price forecast
The buyer pushed Solana (sol) is above the 20-day EMA ($154) Monday, but the 50-day SMA ($160) barrier cannot be cleared.
The Bears are trying to lower the price to $140 support, which is a key level to be noted. If the horizontal breakdown of $140, the Sol/USDT pair will complete the bearish H&S pattern. The couple could fall to $123 and eventually drop to $110.
Instead, if the price increases and exceeds the 50-day SMA, it indicates that the purchase price is nearly $140. For some time, this could put the couple between $140 and $185. Buyers will return to the order at a closing price of more than $185.
Dogecoin price forecast
Dogecoin(Doge) witnessed a tough battle between buyers and sellers with $0.16 support.
The 20-day EMA ($0.18) and RSI in the negative zone indicate that the path with the smallest resistance is a disadvantage. If the $0.16 support cracks, the Doge/USDT pair may drop to $0.14.
Buyers will try to strongly protect the $0.14 support, but the relief rally may face sales on the 20-day EMA. If the price drops sharply from the 20-day EMA, the $0.14 support will risk cracking. If this happens, the two could collapse to $0.10. Buyers will return to the driver’s seat at a $0.26 break.
Cardano Price Forecast
cardano(Aida) Rejected from Monday’s 20-day EMA ($0.66) that showed negative sentiment from the Bears selling at the relief rally.
The Bulls tried to defend the $0.60 level, but if the Bears prevail, support for the ADA/USDT pair dropped by $0.50. Buyers will try to fall and arrest at a rate of $0.50, because if their efforts fail, the pair may drop to $0.40.
If buyers want to prevent the downside, they will have to quickly push the price higher than 50-day SMA ($0.71). If they do, the two may rise to the downtrend line and the bears may pose a major challenge.
Related: XRP price consolidation for 200 days: analysts predict next step
Super fluent price forecast
Over the past few days, buyers have repeatedly pushed hyperliquidity (HYPE) up by $42.25 resistance, but failed to maintain higher levels.
The Bears tried to get the price below the 20-day EMA ($37.93), but on Tuesday, the Bulls persevered. Buyers will try to raise prices above $42.50 again. If they can roll it out, the hype/USDT pair could rise to $45.80 before going up to $50.
If the price falls and breaks through the 20-day EMA, this positive view will be invalid in the short term. The couple can then start making more in-depth corrections to the 50-day SMA ($31.17).
SUI price forecast
sui(Sui) dropped from Monday’s 20-day EMA ($3.17) to $2.86 under key support.
If the price remains below $2.86, sales may close, while the SUI/USDT pair may drop to $2.42. The Bulls will try to start relief rally starting at $2.42, but may face stiff resistance at 20-day EMA. If the price drops from the 20-day EMA, the risk for two people is reduced to $2.
The first sign of strength will be rest time and approach above the 20-day EMA. Two people can then rise to a 50-day SMA ($3.49).
Bitcoin Cash Price Forecast
Bitcoin Cash (BCH) exceeded $462 on Monday, but the Bulls are working to maintain higher levels.
Sellers are trying to lower the price below $462. If they manage to do this, the BCH/USDT pair can fall to the moving average. Buyers will try to prevent the decline on the moving average. If the price rebounds from the moving average with strength, the Bulls will try to push the pair $500 to $500 again.
On the other hand, tilt under the 50-day SMA to tilt towards the bear’s advantage. Then, the two may drop to $375.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
