Key Points:

• Buyers will need to push Bitcoin above $94,589 to open the gates to a retest of the $100,000 psychological level.

• Ether is showing strength, but several other major altcoins are struggling to maintain their rebound.

Bitcoin (BTC) retreated from $94,589 on Tuesday, but bulls are aiming to keep the price above $92,000. Market participants will be closely watching Fed Chair Jerome Powell’s press conference on Wednesday, as well as a scatter plot of expectations from individual Fed officials.

While some analysts say we’ve hit the bottom, others say the current aid boost is a stalled rebound that’s likely to be traded off. Pseudonymous analyst Colin Talks Crypto said in a post on X that BTC could fall to the $74,000-$77,000 zone.

The short-term uncertainty around BTC price action hasn’t discouraged Michael Saylor’s strategy to expand his BTC vault. Last week, Strategy purchased 10,624 BTC for approximately $962.7 million at an average price of $90,615. This increased Strategy’s total holdings to 660,624 BTC purchased at an average price of $74,696.

What key support levels should you look out for for BTC and major altcoins? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC closed above the 20-day exponential moving average (EMA) ($91,583) on Tuesday, but bulls failed to keep the price above resistance at $94,150.

If Bitcoin price rises from the 20-day EMA and closes above $94,589, it signals the possibility of a rally to the $100,000 breakdown level. Sellers are expected to defend the $100,000 level with all their might as a close above this level could catapult the BTC/USDT pair to $107,000. This move suggests that the correction phase may now be over.

Instead, if the price drops sharply and falls below $87,719, it means that the bears are still selling during the rally. The pair could then drop to $83,822.

Ether price prediction

Ether (ETH) recovery has reached the $3,350 breakdown level, indicating solid buying at lower levels.

The 20-day EMA ($3,116) has started to gradually rise and the Relative Strength Index (RSI) is in positive territory, indicating that the bulls are trying to rebound. A close above $3,350 paves the way for a rise to $3,659 and then to $3,918.

Sellers will need to push the price of Ether back below the 20-day EMA to maintain their advantage. If they do this, it suggests that the $3,350 level has turned into resistance. The ETH/USDT pair could then dive to $2,716.

XRP price forecast

XRP (XRP) has been trading below the 20-day EMA ($2.12) for the past few days, but the bears failed to bring the price down to the support line of the descending channel formation.

The bulls will try to strengthen their position by pushing the price above the 20-day EMA. If they succeed, the XRP/USDT pair could rise to the 50-day plain moving average (SMA) ($2.26) and then to the downtrend line.

On the contrary, if the price of XRP declines and falls below $1.98, it suggests that the bears remain in control. The pair may fall to the channel support line and then to the $1.61 level.

BNB Price Forecast

BNB (BNB) is witnessing a fierce battle between bulls and bears at the 20-day EMA ($894).

A flattening 20-day EMA and RSI just below midpoint suggest a balance between supply and demand. The BNB/USDT pair may fluctuate between $791 and $1,020 for several days.

Buyers will need to push the BNB price above the $1,020 level to indicate that the corrective phase may be over. The pair can then attempt an boost to $1,182. On the other hand, a break below $791 could cause the pair to drop to $730.

Solana price forecast

Buyers are trying to keep Solana (SOL) above the 20-day EMA ($138), but the bears persisted.

The flattening 20-day EMA and the RSI just below midpoint suggest bearish momentum is fading. If buyers overcome the 20-day EMA resistance, the SOL/USDT pair could rise to the 50-day SMA ($154) and then to $172.

On the contrary, a breakout and close below the support at $126 signals a resumption of the downward move. Solana price could drop to $110 and eventually reach solid support at $95.

Dogecoin price forecast

Buyers have successfully defended the $0.14 support level in Dogecoin (DOGE), but are struggling to keep the price above the 20-day EMA ($0.15).

If the price drops sharply from the 20-day EMA and falls below $0.14, it means that the bears remain in control. Dogecoin’s price may then fall to its October 10 low of $0.10.

Alternatively, if buyers push the price above the 20-day EMA, the DOGE/USDT pair could hit the 50-day SMA ($0.16). This is a critical level that bears need to defend, and a break above it paves the way for a recovery to $0.21

Cardano Price Forecast

Cardano (ADA) broke above the 20-day EMA ($0.44) on Tuesday, indicating that selling pressure is easing.

The bulls will try to rebound by pushing Cardano price above the 50-day SMA ($0.51). If they succeed, the ADA/USDT pair could rise to $0.60 and then to $0.70.

On the contrary, if the price drops sharply from the $0.50 breakdown level and falls below the 20-day EMA, it means that the bears have turned the level into resistance. The pair could then fall to the $0.37 level.

Related: Ethereum grows to 3.3 thousand dollars, proving that the bottom has already been hit: will a 100% ETH rally be next?

Bitcoin Cash Price Forecast

Bitcoin Cash (BCH) turned away from broad resistance at $607 on Monday, indicating that demand is drying up at higher levels.

Bears are trying to push the Bitcoin Cash price below the 20-day EMA ($556). If they are successful, the BCH/USDT pair could fall to the 50-day SMA ($528) and then to $508.

Buyers will need to defend the 20-day EMA and push the price above the $607 level to maintain their advantage. The pair could then rise to $615 and then to $651, where bears are expected to move in.

Chain link price prediction

Recovering Chainlink (LINK) is facing selling at the 50-day SMA ($14.84), which signals that bears are busy at higher levels.

Bulls are expected to defend the 20-day EMA ($13.79) on the way down, as a break below this value could take LINK/USDT pair to the key support at $10.94.

If the price breaks out of the 20-day EMA, the probability of a break above the 50-day SMA increases. If this happens, Chainlink price could gain momentum and rise to $16.90, followed by a move to $19.06. This suggests the pair could remain in a wide range between $10.94 and $27 for some time to come

Hyperfluid price prediction

Hyperliquid (HYPE) closed below support at $29.37 on Tuesday, but lower levels are attracting buyers.

The RSI is showing early signs of a bullish divergence forming, indicating that selling pressure is easing. The HYPE/USDT pair is expected to gain strength if buyers push the price above the 20-day EMA ($32.53).

On the other hand, if the price of Hyperliquid drops from its current level or 20-day EMA, it shows that the bears are still selling during the rally. This increases the risk of a drop to the October 10 low of $20.82.

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