Bitcoin’s (BTC) rejection near an all-time high earlier this week may have resulted in short-term investors booking profits. Although the price has fallen to around $68,000, analysts remain positive on the markets. They predict that Bitcoin will find support between $65,000 and $68,000.

Another major trigger for cryptocurrency markets is the US elections. In a market report, FalconX head of research David Lawant said volatility could augment if “the results are too close to call and take too long to reach the result.”

A daily view of cryptocurrency market data. Source: Moneta360

WonderFi president and CEO Dean Skurka said in an interview with Cointelegraph that Bitcoin’s price will likely augment in the long term, regardless of the election results. Skurka believes that interest rate cuts in the U.S. and Canada could cause Bitcoin to rise in the next 6-24 months.

Low-term investor sentiment may improve if Bitcoin rises above $70,000. This may augment purchases of selected altcoins. Let’s take a look at the top 5 cryptocurrencies that look robust on the charts.

Bitcoin price analysis

Bitcoin’s pullback has reached its 20-day exponential moving average ($68,194), which is a key support to watch out for in the near future.

BTC/USDT daily chart. Source: TradingView

If the price breaks off the 20-day EMA and rises above $70,000, it will be a signal that buyers are trying to make a comeback. The BTC/USDT pair may rise to $72,000 and then to $73,777. Sellers are expected to fiercely defend the zone between $72,000 and $73,777, but if the bulls prevail, the pair could start a novel uptrend towards the $93,554 target.

The bears will need to keep the price below the 20-day EMA to invalidate the bullish view. The pair could then drop to the 50-day elementary moving average ($65,002).

BTC/USDT 4-hour chart. Source: TradingView

The pair broke below the uptrend line, indicating that the bears have the upper hand. Buyers will try to push the price back above the uptrend line, but will likely face solid resistance from sellers.

If the price falls from the uptrend line, it will be a signal that the bears have turned the level into resistance. This increases the risk of a drop to $65,000.

This negative review will soon be invalidated if the price rises above $70,000. The pair could then augment to $72,000.

Ether price analysis

Ether (ETH) has fallen to the symmetrical triangle support line, which is likely to attract buyers.

ETH/USDT daily chart. Source: TradingView

If the price turns away from the support line and rises above the 20-day EMA ($2,540), it will be a signal that the ETH/USDT pair may rise to the triangle resistance line. This is an essential level to pay attention to as a close above could start a move towards $3,400. The $2,850 level may represent resistance but will likely be breached.

The triangle will be resolved in favor of the bears if the price breaks and closes below the support line. This could start a decline to $2,150 and eventually to $2,111.

ETH/USDT 4-hour chart. Source: TradingView

Bulls try to defend the support line. The first sign of strength will be a breakout and close above the 50-SMA. If this happens, the pair could rise to $2,600 and then to the resistance line.

On the contrary, if the rebound drops from the moving averages, it will mean that the bears are in control. This increases the possibility of a breakout below the support line. The pair could then dive to $2,310.

Dogecoin token price analysis

Dogecoin (DOGE) dropped from $0.18 on October 30 and reached the 20-day EMA ($0.14) on November 3.

DOGE/USDT daily chart. Source: TradingView

In case of an up move, traders usually buy the dip to the 20-day EMA. If the price rebounds from the 20-day EMA, the bulls will again try to push the DOGE/USDT pair above the $0.18 resistance. If they do, the pair could rise to $0.21.

Conversely, if the price drops and stays below the 20-day EMA, it will suggest that the bulls have given up. The pair could then drop to the 50-day SMA ($0.12), which could attract buyers.

DOGE/USDT 4-hour chart. Source: TradingView

The pair is trying to find support on the uptrend line. If the price rebounds from the uptrend line and rises above the downtrend line, this will signal the end of the pullback. The pair may attempt to rise to $0.18. A break and close above $0.18 could start the next stage of the uptrend.

Contrary to this assumption, if the price breaks the uptrend line, the pair could drop to $0.13 and then to $0.12.

Related: Here’s what happened in crypto today

Litecoin price analysis

Litecoin (LTC) is rising within an ascending channel, signaling a slight edge to buyers.

LTC/USDT daily chart. Source: TradingView

Traders buy the decline to the support line and sell near the resistance line in an ascending channel. If the price breaks off the support line and rises above the 20-day EMA ($69.65), it will open the door to a rally towards the resistance line near $77. This level will likely attract bears to sell.

On the other hand, if the price breaks and closes below the support line, it will signal a short-term trend change. The LTC/USDT pair may drop to $62 and then to $59.

LTC/USDT 4-hour chart. Source: TradingView

The 4-hour chart shows that the pair is in a descending channel formation. The price has reached a support line where buyers are likely to step in. Any recovery attempt is expected to involve selling at the 20-EMA level. If the price drops from the 20-EMA, it will be a selling rally. A break and close below the support line could push the pair down to $62.

Buyers will need to maintain the price above the 50-SMA to suggest that selling pressure is easing. The pair can then rise to the resistance line.

Monero token price analysis

Monero (XMR) has been trading in a wide range between $135 and $180 for several days, indicating buying on dips and selling on rallies.

XMR/USDT daily chart. Source: TradingView

On October 31, the price fell below the moving averages, but the bulls did not give much back to the bears. This suggests that selling is fading at lower levels. Buyers are trying to push the price back above the moving averages. If they succeed, the XMR/USDT pair could rise to $166. A break above this level could resume the journey towards $180.

This hopeful view will be negated in the near future if the price drops below $150. This could push the price to $144 and then to $135.

XMR/USDT 4-hour chart. Source: TradingView

The pair remains in a tight range of $153 to $165. If buyers push the price above the 50-SMA, the pair could attempt to rise above $165 again. A close above this resistance could push the pair to $170 and later to $180.

Instead, if the price stays below the 20-EMA, the pair could fall to $153. A break and close below this support will signal the bears to have an advantage. This could start a move down to $148.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.