Bitcoin (BTC) was silent over the weekend, indicating that bulls and bears are waiting for another incentive to make a move. While investors seem uncertain in the near term, analysts remain hopeful in the longer term.

Market analyst Gert van Lagen highlighted that Bitcoin has broken out of the megaphone pattern, which could start a parabolic rally towards the $270,000-$300,000 range by 2025. Analyst apsk32 expects Bitcoin to follow the rise in the gold price and reach $400,000.

A daily view of cryptocurrency market data. Source: Moneta360

While analysts are predicting a large move higher for Bitcoin, they remain divided over the arrival of altcoin season. One of the problems with altcoins is the rapid pace of fresh cryptocurrencies coming to market, which results in little distribution of trader liquidity between tokens. CoinGecko co-founder and chief operating officer Bobby Ong said 600,000 fresh tokens were created in January, a keen boost from the approximately 50,000 fresh tokens minted every month in 2022-2023.

Could Bitcoin break out of the tight range it has been stuck in for the past few days? Let’s take a look at the top cryptocurrencies that could surge if this happens.

Bitcoin price analysis

Bitcoin is facing resistance on the moving averages, but the positive sign is that the bulls have not given much ground to the bears.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

This increases the probability of a breakout above the moving averages. The $100,000 mark is likely to be a hurdle but is expected to be breached. The BTC/USDT pair may rise to $102,500 and then to $106,500.

If bears want to prevent a rally, they will need to drag the price below immediate support at $94,000. This could plunge the pair into solid support at $90,000. Buyers are expected to surge towards the $94,000 level as a break below this level will end the bearish double top pattern. The next support on the downside is $85,000.

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair’s quotes range in a narrow range from $98,500 to $94,800. Moving averages have flattened and the Relative Strength Index (RSI) is just below the midpoint, indicating a balance between supply and demand. Buyers will need to push the price above $98,500 to open the door to an boost to $102,200.

Instead, if the price continues to fall and break below the moving averages, it will suggest that the pair may remain in a narrow range for some time. The short-term trend will shift in favor of the bears after a break below $94,000.

XRP price analysis

XRP (XRP) has formed a symmetrical triangle pattern, indicating indecision between bulls and bears.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day exponential moving average ($2.64) has started to gradually boost and the RSI is in the positive zone, indicating a slight advantage for the bulls. The XRP/USDT pair may rise to a downtrend line, which will likely act as stiff resistance. Buyers will need to keep the price above the triangle to take control.

Contrary to this assumption, if the price drops and breaks below the moving averages, it will be a signal that the pair may remain inside the triangle for some time.

XRP/USDT 4-hour chart. Source: Cointelegraph/TradingView

Both moving averages on the 4-hour chart are rising and the RSI is in positive territory, indicating an advantage for the bulls. A break and close above USD 2.84 may open the way to increases towards the downtrend line.

Conversely, a break and close below the 20-EMA can take the pair to the 50-simple moving average. This suggests that the couple may remain in a threesome for some time. The Bears will be back in the driver’s seat after a break below the support line.

Litecoin token price analysis

Litecoin (LTC) has been trading in a symmetrical triangle pattern for several days, which indicates buying near the support line and selling at the resistance line.

LTC/USDT daily chart. Source: Cointelegraph/TradingView

The rising 20-day EMA ($118) and RSI above 57 suggest buyers have a slight edge. If the price breaks away from the current level or the 20-day EMA, it will be a buy signal on the dip. The bulls will then try to push the LTC/USDT pair above the triangle. If they are successful, the pair could rise to $141 and then $147.

On the other hand, a breakout and close below the 20-day EMA will mean that the pair may oscillate inside the triangle for a few more days. The trend will favor bears on a close below the support line.

LTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair rejected the resistance line and broke below the 20-EMA, suggesting profit-taking by short-term investors. The bears will try to push the price down to the 50-SMA, which is the critical level that the bulls need to defend. If the 50-SMA gives way, the pair could fall to $112.

This negative view will be invalidated if the price rises from the current level or the 50-SMA and breaks above the resistance line. The pair could rise to $147, where bears are likely to pose a solemn challenge.

Related: Here’s what happened in crypto today

MANTRA price analysis

MANTRA (OM) is in a forceful uptrend, but the long wick of the February 15 candle indicates a gain above $8.

OM/USDT daily chart. Source: Cointelegraph/TradingView

The OM/USDT pair is likely to find support at the 38.2% Fibonacci retracement level of $7.08 and then at the 50% retracement level of $6.73. A shallow pullback will boost the likelihood of the uptrend continuing. If the price goes above $8.20, the pair could go up to $10.

Alternatively, a deeper pullback suggests that investors are in a hurry to exit. The pair could drop to the 20-day EMA ($5.92), which is an crucial support to watch out for as a break below this could take the pair to $5.27.

OM/USDT 4-hour chart. Source: Cointelegraph/TradingView

The 4-hour chart shows that the pair is trading in a tight range from $7.35 to $7.82. If the price rises from its current level and rises above $7.82, the pair could rise to $8.20.

Conversely, if the price falls below $7.35, the pair may drop to $7.08 and then to the 20-EMA. If the price bounces off the 20-EMA, the pair will try to resume the uptrend again. Sellers will need to take the price below the 20-EMA to trigger a deeper correction.

Gate Token price analysis

Gate Token (GT) closed above the downtrend line on February 14, indicating that the bulls are trying to make a comeback.

GT/USDT daily chart. Source: Cointelegraph/TradingView

However, sellers are unlikely to give up easily. They will try to bring the price back below the downtrend line. If the price rebounds from the 20-day EMA ($22.22), it will be a signal that bulls are buying on compact declines. This will boost the chances of an boost to $26.

Instead, if the 20-day EMA breaks, the GT/USDT pair could fall to the 50-day SMA ($20.67). This is a key support to watch out for, as a break below it could open the door to a drop to $17.43.

GT/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair is trying to gain support at the 20-EMA on the 4-hour chart. If the price rebounds from the 20-EMA and breaks through the resistance at $24, the pair could rise to $25 and then to $26.

On the contrary, a breakout and close below the 20-EMA suggests the beginning of a deeper correction relative to the 50-SMA. Buyers will need to defend the 50-SMA vigorously as a break below could send the pair down to $21 and then $20.

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.