Key points:
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Bitcoin is facing sales priced at nearly $109,000, but a shallow pullback suggests the uptrend may recover.
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BNB and hype show strength, making it exceed its direct resistance level.
Bitcoin (BTC) Having started a week’s tone, the Bears are trying to raise the price below $107,000. Bitcoin stays on track June’s monthly closing As long as it stays above $104,600. If this happens, it’s just that Bitcoin has turned off green in June green since 2020, which will be Coinglass data.
Bitcoin’s failure to break through an all-time high at $111,980 has not stopped investors from buying more. CoinShares data display $2.2 billion inflow Entered Bitcoin exchange trading products last week.
In addition to stable ETF inflows, Bitcoin Treasury continues to buy. Michael Saylor’s Strategy reveals 4,980 Bitcoin acquisition At an average price of $106,801, its 11th consecutive week of Bitcoin purchases. Similarly, Metaplanet CEO Simon Gerovich said in a post on X The company purchased 1,005 bitcoins The average price is $107,601.
Can Bitcoin stay above $106,000, or will the bear price be below level? How might Altcoins perform? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Price Forecast
The S&P 500 rebounded from the 20-day exponential moving average (6,029) on June 23, indicating a positive sentiment.
The Bulls continue to buy at higher levels, pushing the price above is 6,147 on Friday’s all-time. If the price remains above 6,147, the index may rise to 6,500.
The seller may have other plans. They will try to lower the price below 6,147, putting the aggressive bulls in trouble. The index may then slide to the 20-day EMA. The strong rebound of 20-day EMA has enhanced the prospect of continuing the uptrend.
Instead, the rest under the 20-day EMA and ended, the Bulls’ profit booking was recommended. This could reduce the price to the simple moving average of 50 days (5,827).
USD Index Price Forecast
The US dollar index (DXY) broke and closed with 97.92 support on Wednesday, indicating that the Bears have overwhelmed the Bulls.
The average of both movements is tilting downwards, with the RSI near the oversold area indicating that the bear is in control. It is unlikely that the Bulls will give up easily and try to delay the price to the collapse level of 97.92. If they manage to do this, the index may aggregate into a 50-day SMA (99.28).
Also, if the price drops from 97.92, it means that the bear has converted the level into a resistor. That could resume the downward trend and raise the price to the 95 level.
Bitcoin price forecast
Bitcoin is facing sales above the downtrend line, but a positive sign is that the Bulls do not allow their prices to fall below the moving average.
This shows that the Bulls are not in a hurry to book profits, as they expect the other leg to be higher. The upward moving average and the RSI in the positive region indicate that the path with the least resistance is upward.
If the price breaks the downline, the BTC/USDT pair may soar to the inverted head and stock pattern neckline. This is a crucial level for the Bears defending, as the break above indicates the recovery of the uptrend.
The first sign of weakness will be a breakout below the moving average. If this happens, the risk for two people is reduced to $104,500 and then $100,000 in support.
Ether price forecast
Ether (Ethereth) Recovery is facing sales near the 50-day SMA ($2,534), indicating that the Bears are active at a higher level.
Both moving averages have flattened, with the RSI near the midpoint, indicating that there may be range action in the short term. If the price is below $2,376, the ETH/USDT pair may drop to $2,323. Buyers are expected to defend the $2,323 level as its break could drop the couple to $2,111.
On the plus side, over 50 days of SMA’s rest time is open for RALLE’s doors to $2,738, and then $2,879. The next trend move may start with a break above $2,879 or below $2,111.
XRP Price Forecast
xrp(XRP) has stayed in the $2 to $2.65 range over the past few days, indicating buying near support and approaching resistance.
The Bulls are trying to push the price higher than 50-day SMA ($2.25). If they do, the XRP/USDT pair can try to rallies for $2.65. Sellers will try to keep the price within range by strongly defending the $2.65 level.
If the price drops from current levels, it means the Bears are for sale at every small rally. The seller will try to strengthen his position by raising the price to $2 support. If they can cancel it, the two could drop to $1.61.
BNB price forecast
BNB(BNB) Breaks on the resistor line in the downgrade channel mode on Sunday, indicating that the correction may have ended.
The 50-day SMA ($654) has little resistance, but if buyers don’t allow prices to fall back to the channel, the BNB/USDT pair could soar to $675 and then rise to $698.
If the price drops sharply, below $636, this positive view will be invalid in the short term. This shows that the market rejects breakthroughs above the channel. Then, the two may drop to $625.
Solana price forecast
Solana (sol) emerged from $140 support on Friday and over 20 days of EMA ($148) on Saturday.
Buyers are trying to expand relief rally above a 50-day SMA ($158). If they manage to do so, Sol/USDT pairs may try to rally to $185 overhead resistance. The seller is expected to actively defend the $185 level as the rest time above clears the road to rally to $220.
If the bear price is less than $! 40 support, then the advantage will tend to the Bears. Then, the two may drop to $126, after which, $110.
Related: Ethereum risk 25% price drops as “big whale” moves ETH’s $237 million to exchange
Dogecoin price forecast
Dogecoin(Doge) has recovered to a 20-day EMA ($0.17), which is the first obstacle to be aware of.
If the price drops sharply from the 20-day EMA, the probability of the Doge/USDT pair is less than the $0.14 support. If that happens, sales may accelerate and the two may drop to $0.10.
Instead, rest and close above the 20-day EMA, suggesting that the couple may swing $0.14 to $0.21 for a period of time. Buyers will gain strength after increasing the overhead resistance of this pair of over $0.21.
Cardano Price Forecast
cardano(Aida) has approached 20-day EMA ($0.59), which is likely to act as a stiff resistance.
If the price is lowered and interrupted below $0.54, the ADA/USDT pair may fall at $0.50. Buyers are expected to do their best to defend the $0.50 level as the break is below the triangle pattern that it will complete. This may start moving down to $0.40.
On the plus side, if the buyer pushes the price up by 20-day EMA, the two could hit a 50-day SMA ($0.67). Trend changes will be issued after the buyer drives a pair on the downtrend line.
Super fluent price forecast
High liquidity (Hype) broke above the $39.12 resistance on Sunday, indicating that the Bulls are back in the game.
The Hype/USDT pair can climb to $42.50 and then climb to $45.80. Sellers are expected to defend the $45.80 level, but if the Bulls prevail, the two could soar to the $50 psychological level.
The first support for the disadvantage is a 20-day EMA ($37.55), followed by a 50-day SMA ($34.76). The seller will have to put the price below 50-day SMA to weaken the Bulls. Then, the two may drop to $30.69.
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.
