Bitcoins are aimed at 105,000 USD

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Key points:

  • Bitcoin Bulls will have to quickly exceed the price above 20-day EMA to prevent you from falling to USD 105,000.

  • Shallow withdrawal in selected Altcoins suggests that investors are not in a hurry to sell them when they provide for continuing traffic.

Bitcoin (BTC) tries to enhance above USD 110,000, but bears defends the level. The mood platform on the cryptocurrency market Santiment said in the report that mention of “Buy The Dip” increased in social media, signaling a further minus. Santiment said that a real bottom will be created when “universal fear and lack of interest in buying.”

Another negative for Bulls is that September was largely negative for BTC. According to Coumingss, BTC has closed in red in September since 2013, with an average slide of 3.80%.

Daily view of cryptographic market data. Source: Coin360

Despite the seasonal weakness and withdrawal in BTC and the main Altcoins, institutional investors continued shopping. According to Coinshares Digital Asset Investment Products, he witnessed $ 2.48 billion of inflow, withdrawing $ 1.4 billion in the previous week.

Can BTC enhance above USD 110,530, attracting ETH and Altcoins above? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

S&P 500 index prices forecasting

The S&P 500 (SPX) indicator remains under growth, but the negative discrepancy of the relative force indicator (RSI) suggests that the stubborn rush weakens.

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SPX Journal. Source: Cointelegraph/TradingView

Bears will try to draw a price below the 20-day interpretation average (EMA (6418). If they can pull it out, the index may fall to the 50-day straight movable average (SMA) (SMA) (6316), and then to the level of breakthrough 6,147.

The buyers are expected to defeat the zone between the 50-day SMA and 6147, because the break below signals a short-term top. The correction can then deepen to 5950.

Forecasting the price of an American dollar indicator

The buyers pushed the US dollar indicator above average traffic on August 25, but they could not maintain higher levels.

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Dxy Daily Table. Source: Cointelegraph/TradingView

The index rejected and closed below average traffic on Thursday, signaling that bears are trying to gain an advantage. There is a miniature support at 97.55, but if the level breaks, the next stop can be 97.10 and then 96.37.

Bulls will have to quickly throw the price above level 99 to prevent the minus. If they manage to do this, the index can reach a level of 100.50. Sellers will try to defend the level of 100.50, but if the bulls win, the rally can reach resistance 102.

Forecasting bitcoin prices

BTC has fallen below 110,530 USD on Friday, which indicates that bears are trying to take control.

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Daily BTC/USDT chart. Source: Cointelegraph/TradingView

Bulls are unlikely to give up easily and try to return. They try to push the price above 20-day EMA (112,566 USD), but they are expected that they do not have significant resistance from the bear.

If the BTC/USDT pair falls rapidly from the 20-day EMA, it signals negative moods. This increases the possibility of a decrease to 105,000 USD, and then to $ 100,000.

Alternatively, a break and closing above the 20-day EMA suggests that sales will droughty at lower levels. The price of bitcoins may then enhance to 50-day SMA (115,918 USD).

Forecasting the price of ether

Eth (ETH) witnessed a hefty battle between bulls and bears on a 20-day EMA (USD 4,378).

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Daily chart ETH/USDT. Source: Cointelegraph/TradingView

The flattened 20-day EMA and RSI near the middle point do not give a clear advantage either bulls nor bears. If prices slip below 20-day EMA, the ETH/USDT pair may drop to 4,094 USD. This is a critical level for Bulls to defend itself, because the break below opens the door for falling to USD 3,745, and then to USD 3350.

On the other hand, the buyers will have to reduce the ether price above the resistance $ 4,957 to signal the resumption of the passage. The couple could then enhance rapidly in the direction of $ 5,500.

XRP price forecast

XRP (XRP) continued its slide to achieve key support of USD 2.73, where the buyers are expected to enter.

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Daily chart XRP/USDT. Source: Cointelegraph/TradingView

Each recovery attempt will probably have to sell on a 20-day EMA (USD 2.94). If the price drops rapidly from the 20-day EMA, the XRP/USDT pair risk below USD 2.73 support. The price of XRP will then end with a bear triangle pattern, cleansing the path to collapse up to $ 2.33.

Buyers have a task up the hill. They will have to push and maintain the price of XRP above the relegation line to signal the return. The couple can then enhance to USD 3.40.

Bnb price forecasting

Buyers try to maintain BNB (BNB) above 20-day EMA (USD 847), but bears are unlikely to give up easily.

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Daily chart BNB/USDT. Source: Cointelegraph/TradingView

The negative RSI divergence suggests that the 20-day EMA is threatened with breakdown. If this happens, the BNB/USDT pair may fall violently towards 50-day SMA (804 USD).

Unlike this assumption, if the price appears from an EMA 20-day and a break above USD 881, it signals that the bulls remain under control. This increases the perspectives of breaks above USD 900. The price of BNB can then start the next stage of growth towards the psychological level of 1000 USD.

Solana’s price forecasting

Solana (SOL) rejected and burst below the USD 210 groundbreaking level on Friday, which indicates that the bears are trying to imprison aggressive bulls.

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Daily Sol/USDT chart. Source: Cointelegraph/TradingView

The Sol/USDT couple will probably find support in the zone between the 20-day EMA (195) and the growth line. If the price reflects from the growth line with strength, the bulls will try to bring a pair above USD 218. If they manage to do this, the salted price can enhance to USD 240, and later to $ 260.

On the contrary, the break and closing below the growth line annul the stubborn triangle pattern. This may enhance sales by attracting a pair to 175 USD, and then to USD 155.

Related: Will the price of XRP fall in the direction of 2 USD or reverse course?

Forecasting Dogecoin prices

Dogecoin (dog) again fell to the support of 0.21 USD, which indicates that bears are selling at miniature rallies.

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Daily Doge/USDT chart. Source: Cointelegraph/TradingView

The 20-day EMA (USD 0.22) began to drop gradually, and RSI is just below the middle point, which indicates that the bears have a slight advantage. This increases the risk of a break below USD 0.21. The Doge/USDT pair may then fall to 0.19 USD.

This negative view will be annulled in the near future if the price increases rapidly from USD 0.21 and a break above 50-day SMA (0.22 USD). This suggests that the Dogecoin price can turn between 0.21 and 0.26 USD in a few days.

Cardano price forecasting

The buyers tried to stop the withdrawal of Cardano (ADA) with 50-day SMA (0.82 USD), but the bears maintained pressure for sale.

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Daily chart ADA/USDT. Source: Cointelegraph/TradingView

The Ada/USDT pair was closed below the 50-day SMA on Sunday, starting moving towards the support line of the decreasing channel pattern. Buyers will try to defend the support line, but so facilitate is to be sold on an EMA 20-day (0.84 USD). If the price drops rapidly from an EMA 20-day, the probability of decrease to 0.68 USD increases.

Buyers will have to drive the price of Cardano above the relegation line to signal the return. The couple can then collect up to USD 1.02.

Chain price forecasting

Łączklink (link) slipped below 20-day EMA ($ 23.45) on Saturday, and the bears thwarted the tests of the bulls to reject the price above the level on Sunday.

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LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView

Sellers will try to strengthen their position by pulling the price of the chain link to USD 21.36, and then to the 50-day SMA (USD 20.69). The buyers are expected to defend the 50-day SMA, because the break below may sink the link/USDT pair with a growth line. The greater the withdrawal, the longer the next stage of growth will probably start.

The first sign of strength will be close to the 20-day EMA. This suggests a solid purchase at lower levels. Bulls will have to pristine the resistance over the head of 27 USD to resume the return.

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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