Key points:
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Bitcoin has maintained over USD 104,000, but continuous sales can stop the price of $ 100,000.
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Most of the main altcoins remain associated with the range, but a few are threatened with cracking below the levels of support.
Bitcoin (BTC) is witnessing a ponderous battle between bulls and bears near the 50-day straight movable average (USD 104,269). Bulls are trying to create a higher level, while bears are trying to sink the price of psychological support in the amount of USD 100,000.
Bitfinex analysts said on Tuesday in a market report that Bitcoin must remain above the zone from 102,000 to USD 103,000 to start recovery, provided that geopolitical risk does not intensify further. Analysts believe that the current environment offers “a high -risk possibility, a high prize for continuing growth if the buyer returns.”
Another stubborn voice was the voice of Cryptochan Gah, who said on Tuesday on the blog “Quicktake” that index indicators of the bitcoin cycle (IBCI) stabilized near 50% of the range, signaling a “neutral point in the market cycle”. Gaah added that Bitcoin was in the transitional phase, not in the exhaustion phase, leaving the door open to further growth.
Can buyers push Bitcoins in the direction of USD 110,000, or are the bears to sink a price to $ 100,000? How are altcoins configured? Let’s analyze the charts of the 10 best cryptocurrencies to find out.
Forecasting bitcoin prices
Bitcoin increased above the 20-day interpretation average (USD 105,851) on Monday, but Bulls could not maintain higher levels. The price rejected and dropped on Tuesday to the 50-day SMA.
The 20-day EMA has expanded, and the relative force indicator (RSI) is located near the middle point, signaling the possible range of coverage in the near future. If the price slips below 50-day SMA, the BTC/USDT pair may drop to 100,000 USD. The buyers are expected to defend the level of 100,000 USD with all their strength, because the break below may sink a pair to USD 93,000.
On the other hand, a break over a 20-day EMA can push a pair into the relegation line. If this level is cleaned, the steam can rise to the neckline of the inverted head pattern and shoulder near $ 112,800.
Forecasting the price of ether
The buyers pushed the ether (ETH) above 20-day EMA (USD 2560) on Monday and Tuesday, but the long wick on candlesticks shows the sale of nearly USD 2,738.
Flat-leafed 20-day EMA and RSI near the middle point signal possible action related to the range in the near future. The ETH/USDT pair can consolidate from $ 2,738 to USD 2323 for several days.
If the buyers pierce the resistance of 2,738 USD, the likelihood of a rally above USD 2879 increases. The couple may boost in the direction of USD 3153. This positive view will be annulled in the near future during a break below USD 2,323. The couple can then break down to USD 2111.
XRP price forecast
The buyers pushed XRP (XRP) above 50-day SMA (USD 2.27) on Monday, but the bears stopped recovery at USD 2.34.
Both average movable are flattened, and RSI is just below the middle point, which suggests possible action related to the range in the near future. The XRP/USDT pair may remain from 2 to USD 2.34 for a long time.
Unlike this assumption, if the price is lower and breaks below USD 2, it signals the beginning of a recent traffic to USD 1.61.
Buyers will gain strength for nearly $ 2.34. The couple can then climb to general resistance after USD 2.65.
Bnb price forecasting
Sellers thwarted Bulls attempts to push BNB (BNB) above 20-day EMA (USD 653) on Monday and Tuesday.
Bears will try to strengthen their position, pulling the price below the support of USD 634. If they do this, the BNB/USDT pair can drop to 580 USD.
On the contrary, if the price revives USD 634 with strength, it signals solid demand at lower levels. Bulls will have to drive a price above USD 660 to open the gate to the rally up to USD 693. Sellers are expected to vigorously defend the level of USD 693, because the break above can catapult up to 732 USD.
Solana’s price forecasting
The buyers pushed Solan (SOL) above 20-day EMA (USD 154) on Monday, but they could not spotless the 50-day SMA obstacle (USD 160).
Bears are trying to lower the price to support 140 USD, which is a key level to be careful. If the level of $ 140 breaks down, the SOL/USDT pair will complement H&S bears. The pair can then drop to USD 123 and ultimately to $ 110.
Instead, if the price appears and a break above 50-day SMA, it suggests a sturdy purchase of nearly 140 USD. It can keep a pair from 140 to 185 USD for some time. Buyers will return to command over USD 185.
Forecasting Dogecoin prices
Dogecoin (dog) is a witness to a ponderous battle between buyers and sellers with the support of 0.16 USD.
Downsloping 20-day EMA (0.18 USD) and RSI in the negative zone indicate that the path of the lowest resistance is a downside. If it breaks 0.16 USD, the Doge/USDT pair may drop to 0.14 USD.
Buyers will try to protect $ 0.14 fiercely, but the assist rally will probably have to sell on a 20-day EMA. If the price drops rapidly from the 20-day EMA, the support of 0.14 USD will be exposed to breakdown. If this happens, the couple may fall to 0.10 USD. Buyers will return to the driver’s place during a break above 0.26 USD.
Cardano price forecasting
Cardano (ADA) rejected the 20-day EMA (0.66 USD) on Monday, indicating negative moods in which the bears sell at rallies of assist.
Bulls are trying to defend the level of 0.60 USD, but if the bears wins, the Ada/USDT pair may go down to a solid support of 0.50 USD. Buyers will try to arrest a fall for USD 0.50, because if they fail in their undertaking, the couple could drop rapidly to 0.40 USD.
If the buyers want to prevent the minus, they will have to quickly exceed the price above 50-day SMA (0.71 USD). If they do this, the couple can rise to the relegation line, where bears can be a significant challenge.
Related: XRP Price consolidates for 200 days: Analysts predict where it goes on
Anticipating the price of hyperlic
Buyers have repeatedly pushed hyperlic (noise) above the resistance of USD 42.25 over the past few days, but it was not possible to maintain higher levels.
Bears tried to strengthen their position, pulling the price below 20-day EMA (USD 37.93) on Tuesday, but Bulls maintained their land. Buyers will again try to finish the price above USD 42.50. If they manage to do this, a steam/USDT pair can boost to 45.80 USD, and later to $ 50.
This positive view will be annulled in the near future if the price drops and breaks below 20-day EMA. The couple can then start a deeper correction towards 50-day SMA ($ 31.17).
SUI price forecast
Sui (SUI) rejected the 20-day EMA (USD 3.17) on Monday and immersed below critical support of USD 2.86.
If the price stays below USD 2.86, sales can pick up, and the SUI/USDT pair can take place up to USD 2.42. Bulls will try to start the Assist Rally from USD 2.42, but they can face sturdy resistance in a 20-day EMA. If the price drops from a 20-day EMA, the couple risk a decrease to $ 2.
The first sign of strength will be a break and close above 20-day EMA. The couple could then boost to the 50-day SMA (USD 3.49).
Forecasting Bitcoin cash prices
Bitcoin Cash (BCh) closed above 462 USD resistance, but bulls are fighting to maintain higher levels.
Sellers try to withdraw a price below USD 462. If they manage to do this, the BCH/USDT pair could fall into medium traffic. Buyers will try to arrest the medium -sized inheritance. If the price revolves the average walking with strength, the bulls will try to drive a few to USD 500 again.
On the other hand, closing below 50-day SMA tilts the advantage in favor of the bear. The couple may then drop to USD 375.
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.