Key points:
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Bitcoin aims at strength, as the Bulls target BTC and Altcoins.
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Many major altcoins are trapped within a certain range, but the hype shows signs of intensity.
Bitcoin (BTC) At a steady start of the week, sprinting towards the elevated resistance zone of $109,588 to $111,980. Because from United States in London – China Trade Negotiations.
Trader Cas Abbe said in an article on X that Bitcoin could see a major move that could exceed $109,000 to $110,000. Abbe pointed out Shorts $15.11 billion will be liquidated If Bitcoin soars 10% from current levels. On the other hand, the long position decline measures are $9.58 billion in liquidation risks.
While most analysts believe Bitcoin’s long-term trajectory has risen, some expect a short-term decline before the uptrend returns. Private Wealth Manager Swissblock is expected to drop to $104,000while analyst Mickybull Crypto is expected to fall to $101,500.
Can buyers push Bitcoin to an all-time high of $111,980, boosting altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Price Forecast
The S&P 500 Index (SPX) expanded its recovery last week, and the Bulls are trying to develop on June 9th momentum.
In the positive zone, the positively tilted 20-day exponential moving average (5,883) and relative intensity index (RSI) indicate that the bulls are in command. Buyers will try to push the price toward overhead resistance of 6,147.
A higher move may not be easy as the seller is expected to defend the 6,000-6,147 area as much as possible. The first sign of weakness will be rest time and approaching below the 20-day EMA, opening the door and falling to 5,767.
USD Index Price Forecast
Buyers are trying to start a recovery with the US dollar index (DXY) but face sales around the 20-day EMA (99.49).
The Bears will try to lower the index to 97.92, an important support level. A breakout and a shutdown signal below level 97.92 marks a recovery in the downward trend. The index can then expand the decline to 95.67.
If the price rises and exceeds the 50-day simple moving average (100.30), this negative view will be invalid in the short term. The index can then jump to overhead resistance at 102.
Bitcoin price forecast
Bitcoin rose 20 days EMA ($105,296) on June 7, and the Bull cleared the overhead barrier at $106,794 on June 9.
The price action over the past few days has formed an inverted head and stock pattern that will be completed at breaks and approached $112,700 above the neckline. If that happens, the two could soar towards the $146,892 model target.
Additionally, if the price drops and breaks below the 20-day EMA, it means that the bear is active at a higher level. The BTC/USDT pair can then fall at a price of $100,000 to support stably. The Bulls are expected to do their best to defend the $100,000 level, as the break below could deepen the pullback to $93,000.
Ether price forecast
Ether (Ethereth) The merger of the past few days is between $2,323 and $2,738, indicating a tough battle between the Bulls and the Bears.
If the price remains at the height of 20-day EMA ($2,515), the ETH/USDT pair may rise to $2,738. This is a key resistance to the Bears defense, as if the level is removed, the two could soar to $3,000 and then to $3,153.
Contrary to this assumption, if the price drops sharply from current levels, it means the bear is trying to take responsibility. This trend will favor bears during breaks and approach under a 50-day SMA ($2,284). Then, the two could collapse to $2,111.
XRP Price Forecast
xrp(XRP) The range for the past few days is limited to $2 to $2.65, indicating a balance between supply and demand.
The average moving average and the RSI near the midpoint have no significant advantage for the bull or bear. If the price rises above the moving average, the XRP/USDT pair can rise to overhead resistance of $2.65.
Instead, if the price drops sharply from the moving average, the Bears will try to drop this pair to $2 support. If they can cancel it, the two may retest important support for $1.61.
BNB price forecast
BNB(BNB) The oscillation in the past few days was between $693 and $634, marking sales near the support and selling near overhead expenses.
If the buyer is at a 20-day EMA ($655) price higher than a 20-day EMA, the BNB/USDT pair can stay within range, then it can be extended for a while. The next work of the UP move may begin after the buyer puts the price above $693. The couple can then assemble to $732.
The seller may have other plans. They will work to stop the relief rally at the 20-day EMA. If they do, the two may be less than $634 in support. If this happens, the couple could drop to $580.
Solana price forecast
Solana (sol) emerged from $140 support on June 5, but recovery could face resistance in 20-day EMA ($158).
If the price drops sharply from the moving average, the Bears will try to pull the Sol/USDT pair below $140. If they succeed, the two could fall to $123 and then cash in on solid support for $110.
Instead, if the price pierces the average of the movement, it means the Bears are losing grip. The two may try to rally to the $185 level, with the seller expected to present a strong challenge.
Related: New analysis says XRP price will hit $25 if ETFs are approved and then crash 90%.
Dogecoin price forecast
Dogecoin(Doge) is looking for support close to $0.16, but the Bulls are working to maintain higher levels.
Reduced 20-day EMA ($0.19) and RSI in negative areas suggest that bears have an advantage. Sellers will try to raise the price below $0.16, thus challenging the crucial $0.14 support. Buyers are expected to strengthen their defense at the $0.14 level, keeping the Doge/USDT pair in range for a while.
The longer the price stays within the range, the greater the price that will eventually break through. The move may start after the buyer pushes the couple above $0.26.
Cardano Price Forecast
Cardano (Aida) Recovery is facing resistance near the 20-day EMA ($0.69), indicating that the Bears are selling at the rally.
The Bears will try to raise the price below $0.60. If they manage to do this, ADA/USDT support can be retested for $0.50. Buyers are expected to defend the $0.50 level as it’s a break below that could drop the couple to $0.40.
Buyers will have to raise prices above the moving average to gain strength. The couple can then climb to the descent line, which is a key critical level. Break through and close above the downtrend line, which indicates a new rise to $1.02.
Super fluent price forecast
On June 9, high liquidity (HYPE) rose above the symmetric triangle pattern, indicating that the uncertainty has been resolved to the upside space.
If the buyer maintains a price above the triangle, the hype/USDT pair can pick up the power and soar to $42.50. There is a $40 resistor, but it may cross. Sellers will try to stop UP moving at $42.50, but if the Bulls prevail, the couple may gather to a $46.50 model target.
If the price drops sharply and breaks below the triangle, this optimistic view will be negated in the short term. This suggests that the break above the triangle could be a bullfighting trap. The two could fall to $30.50 and then to $28.50.
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.
