Key points:
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Bitcoin aims to have its highest weekly revenue of over $109,000, but higher levels may attract sellers.
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If the Bitcoin price stays above $105,000, hype, BCH, Link and SEI may extend the rally.
Bitcoin (BTC) A steady comeback this week, up more than 6%, indicating that large purchases are close to $100,000. The Bulls are trying to enhance their advantage by keeping the price above $108,000. Popular businessman and analyst Rekt Capital said in an article on X If Bitcoin reaches its highest weekly shutdown“This will allow Bitcoin to enjoy a new uptrend.”
However, it is worth noting that liquidity is usually kept low on weekends and should be observed with caution. Sellers will be back on Monday and will try to keep the price in the $100,000 to $111,980 range.
Bitcoin’s strength triggered the purchase of several altcoins, which bounced up their respective support levels. If Bitcoin reaches new all-time highs, the selected AltCoins will try to expand its embossed rally by exceeding its elevated resistance level.
Let’s look at the charts of the top 5 cryptocurrencies that look strong on the chart and find out their critical support and resistance levels.
Bitcoin price forecast
Bitcoin has been trading between the moving average and the falling line. Buyers tried to push the price to the downtrend line, but the Bears persevered.
The moving average is gradually tilting, with the relative intensity index (RSI) in the positive area indicating that the bull has a slightly edge. If the bulls push the price above the downtrend line, the BTC/USDT pair could jump to $110,530 and later to $111,980.
Sellers are expected to pose a huge challenge between the downline and the neckline of the inverted pose mode. But if the buyer overturns his own way, the two could soar to $150,492.
If the price drops from the downtrend line and breaks through the moving average, this optimistic view will be negated in the short term. This opened the door and dropped to $102,500, and then to $100,000.
The two bounced up the moving average of the 20-index, but the Bulls couldn’t clear the overhead barrier to the downtrend line. If the price continues to drop and fall below 20-EMA, it means the Bulls have lost their grip. Then, the two may slide to the 50 simple moving average, which is a key focus level. Breaks below 50-SMA could accelerate sales, pushing the couple to $100,000.
On the plus side, the Bulls will have to push the price above the downline to send out signal strength.
Super fluent price forecast
High liquidity (HYPE) was below the 20-day EMA ($37.14) Thursday, but the bears were unable to maintain a lower level. This indicates that you buy dipping sauce every time you want.
The Bulls pushed the price back above the 20-day EMA on Saturday. The resistance is $39.12, but if the Bull overcomes the obstacle, the hype/USDT pair may rise to $42.50. Buyers are expected to face significant resistance in the $42.50 to $45.80 area.
Conversely, if the price drops and glides below the 20-day EMA, it indicates that the bear is active at a higher level. Then, the two could fall to a 50-day SMA ($34.42). A 50-day SMA could drop the couple to $30.69.
The two found support on the 50-SMA, and the Bulls tried to push the price above the near-term resistance of $39.12. If they manage to do so, the two could rise to $41 and then to $42.50 afterward.
The first support for the disadvantage is 20-EMA, then 50-SMA. A breakthrough below the moving average indicates a weakening of bullish momentum. The two could fall to $33.25 and then cash out at $30.69.
Bitcoin Cash Price Forecast
Bitcoin Cash (BCH) Facing $500 sales, but a positive sign is that the Bulls didn’t take much of the foundation for the Bears.
The moving average on the front and the RSI in the positive area indicate that the bull is under control. This increases the likelihood of rest time exceeding $500. If this happens, the BCH/USDT pair may soar to $550. The seller will try to stop the rally for $550, but if the Bulls prevail, the two could hit $625.
The first support for the disadvantage is the 20-day EMA ($464) and then the 50-day SMA ($430). The SMA signal below 50 days indicates that the bear has returned to the game.
The Bulls tried to maintain prices above 20-EM on the 4-hour chart. If they succeed, the two could again exceed $500 in resistance. The rise could be earned on steam above $511.
Conversely, if the price falls and remains below 20-EMA, it means the Bull is booking profits. This could put the pair in a 50-SMA and the Bulls might step in.
Related: This is today’s cryptocurrency
Chain link price forecast
chaainlink(Related) Has been sticking with a 20-day EMA for the past few days ($13.27), which shows that the Bulls have been under pressure.
If the price drops and remains above the 20-day EMA, the Link/USDT pair may rise to a 50-day SMA ($14.43). The seller is expected to do what it can to defend the 50-day SMA, as a breakthrough beyond it marks a potential trend change. Then, the two may climb to $18.
Conversely, if the price drops sharply from current levels or 50-day SMA, it means the Bears are for sale at the rally. A break below $12.73 can make this pair last within the down channel for a period of time.
The Bulls are trying to push the price to the resistance line, but the Bears are actively defending the $13.50 level. If the price drops and breaks through 20-EMA, it indicates that the higher level of demand is insufficient. This pair can then drop to 50-SMA.
Instead, the sharp rebound of 20-EMA indicates positive sentiment. Two people may rise to the resistor wire, which is a key level to be paid attention to. If the price goes above the resistor line, two people may drive towards $15.50.
You’re a price forecast
yes(yes) gained momentum after breaking into a 50-day SMA ($0.21) Monday and gained momentum after a $0.29 resistance rose on Tuesday.
However, buyers can’t maintain higher levels and the price drops below $0.29 on Wednesday. A positive signal for the bulls is that they pushed the price back above $0.29. The 20-day EMA ($0.23) has begun to appear, with the RSI in the positive zone indicating that the path with the least resistance is the rising space. The SEI/USDT pair may rise to $0.35 before rising to $0.43.
If the price falls and breaks through the 20-day EMA, this positive view will be invalid in the short term. This could reduce the two to $0.19 and then drop it to $0.15.
Both moving averages are skewed and the RSI is in the positive zone, which indicates an advantage for buyers. If the price is above $0.30, the two may rise to $0.33.
The seller may have other plans. They will try to increase the price below 20-EMA. If they manage to do this, the two may slide to $0.27 and then slide it to 50-SMA. Buyers are expected to defend 50-SMA vigorously, as deeper callbacks may delay rising recovery.
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.
