Bitcoin regains 118 thousand USD, which altcoins will follow?

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Key points:

  • Bitcoin broke the resistance above 117,500 USD, opening the gates to the highest level in history at 124,474 USD.

  • Several Altcoin began a powerful rally with relief, signaling solid shopping at lower levels.

Bitcoin (BTC) was closed on September for over 5%, and the bulls extended the profits of the first day of the modern month, exceeding the price above the inflexible cost of cost of $ 117,500.

Couminggass data show that after a positive monthly closing in September there was an average return of over 53% in the fourth quarter. If the story repeats, BTC can rise to USD 170,000 before the end of the year.

Daily view of cryptographic market data. Source: Coin360

Another positive sign is that analysts expect BTC to imitate a powerful stubborn gold run. The cryptographic analyst and entrepreneur Ted Pillow said in a post on X that BTC follows gold with an eight -week delay, and expects Q4 to be huge for BTC.

Can BTC force attract altcoins higher? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

Forecasting bitcoin prices

BTC closed above the average walking on Monday, and Bulls strengthened its position, exceeding the price above the resistance of USD 117,500 on Wednesday.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily BTC/USDT chart. Source: Cointelegraph/TradingView

The 20-day interpretation of the movable average (113,527 USD) began to appear, and the relative force indicator (RSI) above 61 suggests that the shoot favors buyers. If the price is closed above USD 117,500, the BTC/USDT pair may challenge the highest alternative in the amount of USD 124,474. Sellers are expected to defend the level of USD 124,474 with all their strength, but if the buyer wins, the rally may extend to USD 141,948.

This sanguine view will be negated in the near future if the Bitcoins price drops and breaks below USD 107,000 support.

Forecasting the price of ether

Ether (ETH) has increased above 20-day EMA (USD 4,262), which indicates that sales pressure is decreasing.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily chart ETH/USDT. Source: Cointelegraph/TradingView

The price can reach the resistance line, which is a key level to be careful in the near future. If the buyers have lowered the price above the retaining line, the ETH/USDT pair may check the highest level of USD 4,957 again.

And vice versa, if the price drops from the retaining line, it signals that the bears are still selling at rallies. Sellers will have to jerk an ether price below USD 3,745 to suggest that the couple could exceed in a brief period.

XRP price forecast

Backs from XRP (XRP) from USD 2.69 service reached average walking, signaling solid shopping at lower levels.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily chart XRP/USDT. Source: Cointelegraph/TradingView

Sellers will try to maintain the price of XRP inside the falling triangle pattern, defended the relegation line. On the other hand, closing below USD 2.69 complements the bears with a decreasing triangle pattern. This can speed up sales by attracting a pair of XRP/USDT to $ 2.20.

Alternatively, the approach above the line denies the bears. The failure of a negative pattern is a stubborn sign, because aggressive bears can hurry to close their brief positions. This can start up to USD 3.20, and then to USD 3.38.

Bnb price forecasting

BNB (BNB) rejected on Monday from USD 1036, but bears did not allow a price to decrease below 20-day EMA (USD 976).

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily chart BNB/USDT. Source: Cointelegraph/TradingView

If the price appears from the current level or from a 20-day EMA with strength, it increases the likelihood of a break above USD 1 036. The BNB/USDT pair can then collect up to USD 1083. Sellers will try to defend the level of USD 1 083 with all their strength, because the break over this can start the next stage of operation to USD 1173.

In contrast to this assumption, if the price of BNB drops and breaks below 934 USD, signals the beginning of a deeper correction of SMA 50-day (USD 909), and then up to USD 842.

Solana’s price forecasting

Sellers are trying to stop the recovery of salty (SOL) in 20-day EMA (USD 216), but the bulls maintained pressure.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily Sol/USDT chart. Source: Cointelegraph/TradingView

If the buyers exceed the price above the growth line, it suggests that the correction phase may end. The SOL/USDT pair can collect up to USD 230, and then to $ 260. Sellers are expected to defend $ 260 rapidly.

This positive view will be annulled in the near future if the price drops and breaks below $ 190 support. If this happens, the Solan price may drop to 175 USD, signaling that the couple can extend their stay in the range from 110 to 260 USD for longer.

Forecasting Dogecoin prices

The aforementioned Dogecoin (DOGE) range between the height line and the 50-day SMA (0.23 USD) was solved on Wednesday.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily Doge/USDT chart. Source: Cointelegraph/TradingView

If the price closes above 20-day EMA (0.24 USD), it suggests that the bulls are trying to return. The Dogecoin price may raise to 0.26 USD, and then to a inflexible resistance of total costs in the amount of USD 0.29.

Sellers will have to pull the price below the growth line to gain an advantage. If they manage to do this, the Doge/USDT pair may drop to 0.21 USD, and then to 0.19 USD. This signals that the price can consolidate from 0.14 to 0.29 USD for a few days.

Cardano price forecasting

Sellers tried to pull Cardano (ADA) on Tuesday below 0.78 USD, but Bulls maintained their land.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Daily chart ADA/USDT. Source: Cointelegraph/TradingView

Buyers try to strengthen their position, exceeding the price above the average traffic. If they manage to do this, the Ada/USDT pair can gather to the resistance line. Sellers will strive to stop recovering on the retaining line, but if the buyers ask, the Cardano price may raise in the direction of USD 1.02.

On the other hand, the break and closing below 0.75 USD will complement the falling triangle pattern. This opens the door for a fall to 0.68 USD.

Related: Bitcoin presses at 118 thousand USD, because the analysis calls us Gov’t without closing “non-event”

Anticipating the price of hyperlic

Hyperliquid (Hype) has reached the average movable, which is a critical level to be careful about.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Hype/USDT Daily. Source: Cointelegraph/TradingView

Downsloping 20-day EMA (USD 48.09) and RSI just below the middle point indicate a slight advantage for bears. Sellers will have to draw the hyperlic price below 42.89 USD support to strengthen their position. A pair of noise/USDT can then drop to 40 USD, where the buyers are expected to enter.

On the contrary, the break and closing above the average movement signal that the bulls have returned to control. The couple can then raise to USD 54.50, and then to $ 59.

Chain price forecasting

Link (link) trades in a falling channel pattern, which indicates that bears sell at rallies.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView

Sellers are expected to aggressively defend the zone between 20-day EMA (USD 22.25) and the retaining line. If the price drops rapidly from the erratic zone, the link/USDT pair may remain in the channel for a long time.

The first sign of strength will be a break and close to the resistance line. If this happens, it suggests that the correction phase may end. The price of the chain link can then accumulate up to USD 25.64, and later to $ 27, where bears are expected to be a powerful challenge.

Forecasting avalanche prices

The relief rally Avalanche (Avax) is in the face of resistance near the 20-day EMA (30.12 USD), but the positive sign is that the Bulls did not give up bear bears.

Dogecoin, cryptocurrencies, gold, Bitcoin price, XRP, cryptocurrency exchange, Cardano, price analysis, binance coins, chain, market analysis, ether price, salted, avalanche, avalanche
Avax/USDT diary. Source: Cointelegraph/TradingView

If the buyers raise the price above USD 31.25, the Avax/USDT pair may take a momentum and try the rally to USD 36.17. The seller is expected to defeat $ 36.17 rapidly, but if the bulls win, the rally can reach USD 45.

Instead, if the price drops and breaks below 27.38 USD, it signals that the bears maintained pressure. The avalanche price may then drop to USD 22.50, bringing a enormous range of 15.27 to USD 36.17.

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.

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