Key points:

• Bitcoin is in the face of profit reservation near $ 123,000, indicating a diminutive consolidation or correction in the near future.

• Several main altcoins broke above their levels of resistance to general, which indicates the beginning of a modern upward trend.

Bitcoin (BTC) began a modern week with a robust attention, rising above USD 123,000, but higher levels are witnessing profit reservations. A positive sign is that Bulls are trying to keep a price above USD 120,000.

According to Farside Investors, Bitcoin trade funds recorded their first influx of over $ 1 billion in history on Thursday and Friday. This suggests that investors expect that it will be continued.

Michael Saylor’s strategy was not left behind and resumed the purchase of BTC after a week break. The company said on Monday’s American securities and stock exchanges that it bought 4225 BTC at an average price of USD 111,827. The latest acquisitions have increased strategy resources to 601 550 BTC.

The dominance of the BTC of the total capitalization of the cryptocurrency market increased above 66% at the end of June, but since then withdrew below 65%. The diminutive withdrawal caused an escalate in several altcoins in the brief period.

Historically, the Alts season begins after the dominance of BTC turns after reaching 70%. Trader and Rekt Capital analyst said in a post on X that you can imagine the scope of the Altcoin rally after BTC dominance with double numbers.

Will BTC still frustrate bears or improve in a brief period? Can Altcoins build on a rally? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

S&P 500 index prices forecasting

The S&P 500 (SPX) index maintained above the level of breakthrough 6147, which indicates that the bulls stick to their positions when they predict further growth.

Level 6147 is a critical support that should be cared for in the minus. The break and closing below 6147 may imprison aggressive bulls, attracting the price to a 50-day straight movable average (5 977).

On the contrary, if the price comes out of the current level 6147, it means that the drill remains intact. The indicator may escalate in the direction of 6500, where the bears are expected to attach a robust defense.

Forecasting the price of an American dollar indicator

The American dollar index (DXY) increased on Friday above the 20-day interpretation of the movable average (97.77), which indicates that sales pressure is decreasing.

The indicator may extend the rally to a 50-day SMA (98.83), which will probably be a immovable obstacle. If the price drops from the 50-day SMA, but it broke in 97.92, suggests that the index caused a higher low level. This increases the perspectives of the rally above the 50-day SMA. If this happens, upward movement can reach 100.54, then 102.

This sanguine view will be negated in the near future if the price drops rapidly from the current level or 50-day SMA and drops below 96.37. This can start the next stage of the downward trend up to 95.

Forecasting bitcoin prices

Bitcoin approached the modern highest all time in the amount of USD 123,288 on Monday, but Bulls could not maintain higher levels, as can be seen from a long wick on a candlestick.

The purchased level of the relative force indicator (RSI) suggests that the BTC/USDT pair can introduce a diminutive correction or consolidation in the near future.

It is expected that withdrawal will find support on an EMA 20-day (111 843 USD). If this happens, it signals that the stubborn rush remains intact. Then the buyers will try to exceed a pair above USD 123 218, starting the next stage of growth towards the target target of USD 150,000.

The advantage will tilt in favor of bear if the price drops below 50-day SMA (USD 107,631).

Forecasting the price of ether

Long Wick on the candlestick Ether (ETH) on Monday shows that bears are busy at higher levels.

The first support in the minus is USD 2879. If the price reflects to USD 2879, it signals that Bulls are trying to convert the level to support. The ETH/USDT pair can rise to $ 3153, and then to USD 3,400.

Instead, if the price drops below USD 2879, it suggests books of brief -term buyers. The couple can then go down to 20-day EMA (USD 2,707). Bulls will have to successfully defend 20-day EMA if they want to keep the stubborn shoot.

XRP price forecast

XRP (XRP) increased rapidly above the resistance to general levels of USD 2.65, which indicates that the buyers overpowered sellers.

Bears tried to lower the price below USD 2.65 on Saturday, but Bulls kept his land. This suggests that Bulls are trying to transfer USD 2.65 to support. There is a slight resistance of USD 3, but if the level is exceeded, the XRP/USDT pair may escalate to USD 3.20, and then to USD 3.40.

The note is careful that the rally pushed RSI deep in the bought zone. This increases the risk of a diminutive correction or consolidation in a brief period. However, the bulls remain responsible as long as the price lasts above USD 2.65.

Bnb price forecasting

BNB (BNB) increased on Monday above USD 698, but a long wick on the candlestick shows sales at higher levels.

20-day EMA (USD 669) and RSI, near the purchased zone indicate that the buyers are commanded. If the price lasts above USD 698, the BNB/USDT pair can collect up to 732 USD, and then to 761 USD.

The 20-day EMA is an significant support that should be careful about. If the support breaks, the couple may break down into a 50-day SMA (USD 658), and then to 640 USD. This suggests that a break above USD 698 could have been a bull’s trap.

Solana’s price forecasting

Solana (SOL) graduated on Thursday, a stubborn opposite H&S pattern above USD 159, and Bulls successfully defended the renewed groundbreaking test on Saturday.

There is a slight resistance of USD 168, but if the level is exceeded, the SOL/USDT pair may reach USD 185. Sellers are expected to defend USD 185 with all their power, because if they do not realize, the couple may escalate in the direction of USD 210, and then to USD 220.

20-day EMA (USD 155) is a key support to be careful for the minus. Sellers will have to pull and maintain a price below 20-day EMA to indicate the return.

Related: How high can the price of bitcoins be?

Forecasting Dogecoin prices

Dogecoin (Doge) is in the face of resistance for USD 0.21, but the positive sign is that the bulls did not pass on to bears.

20-day EMA (0.18 USD) and RSI upsoping near the purchased zone indicate that the path of the slightest resistance is additional. If the buyers reach a price above 0.21 USD, the Doge/USDT pair may escalate to USD 0.26. Sellers are expected to take an energetic defense of USD 0.26, but the couple could escalate to USD 0.35 if the bulls win.

Sellers will probably have other plans. They try to defend general resistance and maintain a pair in the range from 0.26 to 0.14 USD for a long time.

Cardano price forecasting

Sellers tried to stop the Cardano (ADA) movement on the Dół line, but the buyers traveled.

Closing over the relegation line on Sunday is annulled by the Bear’s decreasing triangle pattern. The Ada/USDT pair may escalate to USD 0.86, which will probably act as resistance. However, 20-day EMA upsoping (0.64 USD) and RSI in the purchased zone indicate that the buyers have an advantage. Closing above 0.86 USD can guide a price to $ 1.

This positive view will be annulled in the near future if the price drops and breaks below 20-day EMA. This suggests that the break over the relegation line could have been a bull’s trap.

Anticipating the price of hyperlic

Hyperliquid (Hype) increased on Friday above the resistance to the overall level of USD 45.80, signaling the resumption of growth.

A pair of noise/USDT has reached a psychologically critical level of USD 50, where sellers are expected to have a robust defense. If the price drops from USD 50, but it has compact $ 45.80, suggests that the stubborn shoot remains intact. This increases the probability of a rally to 60 USD.

The first sign of weakness will be a break and closes below USD 45.80. The couple can then go down to a 20-day EMA (USD 41.98), which will probably attract buyers.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.