Key points:
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Buyers will need to keep Bitcoin above $69,000 to gain the upper hand in the near term.
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Some major altcoins may break above their short-term resistance, signaling buying at lower levels.
Bitcoin (BTC) faces resistance at $69,000, but the bulls continue to exert pressure. A minor positive in favor of the bulls is that US BTC spot exchange-traded funds saw $186.9 million in inflows this week, according to data from Farside Investors.
Is this a good level to buy BTC, or could it fall further? This is a question that concerns investors. Alphractal founder Joao Wedson said in an article on
Veteran trader Peter Brandt also believes that BTC could bottom out in September or October. Brandt told Cointelegraph that a full recovery to a new all-time high could only happen by the second quarter of 2027, but he added that “this is just conjecture.”
Could BTC and some major altcoins break out above their general resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
Buyers are attempting to hold BTC above the moving averages, which indicates strong buying at lower levels.
If they succeed, the BTC/USDT pair could remain in the bullish ascending triangle pattern. Buyers will need to push the BTC price above the $76,000 level to take control. The pair could then reach the $84,000 level.
This positive opinion will be negated in the short term if the BTC price declines and falls below the $65,000 level. This would invalidate the positive pattern, leading to a long sell-off. The pair could then fall to the $62,500-$60,000 support zone.
Ether Price Prediction
Ether (ETH) closed above the 20-day exponential moving average ($2,085) on Tuesday, and bulls are attempting to push the price up to the overhead resistance at $2,200.
If buyers break through the $2,200 barrier, the ETH/USDT pair is expected to gain momentum and reach $2,400. Sellers will attempt to vigorously defend the $2,400 level as a close above opens the door for a rally towards the $3,050 level.
Time is running out for the bears. They will need to quickly bring the price back below the $1,916 level to stay in the game. If they do, ETH price could drop to the critical support of $1,750.
BNB Price Prediction
Buyers are trying to push BNB (BNB) above the moving averages, but the bears have held on.
Sellers will work to push BNB price below the immediate support at $596. If they succeed, the BNB/USDT pair could slide to vital support at $570. Buyers should defend the $570 level with all their might, as a close below signals the resumption of the downtrend. The next downside stop could be $500.
Alternatively, a close above the moving averages could push the price towards the strong overhead resistance at $687. A close above the $687 level will be the first sign of strength. The pair could then reach $730, then $790.
XRP Price Prediction
XRP (XRP) is trying to form a base near the $1.29 level, but the bulls are finding it difficult to push and sustain the price above the moving averages.
This suggests the bears kept the pressure on. If XRP price declines and crosses below the $1.27 level, it indicates that the bears have dominated the bulls. The XRP/USDT pair could then drop to the $1.11 level.
On the contrary, a break above the moving averages indicates that the bulls are back in the game. The pair could reach the breakout level of $1.61 and then the downtrend line. A close above the downtrend line signals a potential trend change.
Solana Price Prediction
Solana (SOL) attempts to form a bottom at the $76 level, but the relief rally faces strong resistance at the moving averages.
The rather flat moving averages and the Relative Strength Index just below the midpoint give neither bulls nor bears a clear advantage. If the price breaks above the moving averages, the bulls will work to push the SOL/USDT pair above the $95 resistance. If they succeed, the rally could extend to the $117 level.
On the contrary, if SOL price declines sharply from the $95 level, it suggests that range-bound action could continue for some time. Sellers will regain control at a close below the $76 level.
Dogecoin Price Prediction
Dogecoin (DOGE) remains stuck between the moving averages and critical support at $0.09, but trading in a tight range is unlikely to continue for long.
If buyers push DOGE price above the moving averages, the relief rally could reach $0.10 and then the resistance at $0.12. Sellers are expected to fiercely defend the $0.12 level. If the price declines from overhead resistance, the DOGE/USDT pair could consolidate between $0.09 and $0.12 for a few more days.
Sellers will take control at a close below the $0.09 level. The pair could then fall to the February 6 low at $0.08 and eventually to the $0.06 level.
Hyperliquid price prediction
Hyperliquid (HYPE) fell below the $36.77 breakout level on Tuesday, but bears are struggling to hold lower levels.
The bulls are attempting to make a comeback by quickly pushing HYPE price above the 20-day EMA ($37.57). If they succeed, the HYPE/USDT pair could reach $41.59 and then all the way to the $43.76 level. Sellers will attempt to stop the rise at $43.76, but if the bulls prevail, the pair could rise as high as $50.
This positive view will be invalidated in the short term if the price declines and falls below the 50-day simple moving average ($33.97). This suggests that the market has rejected the breakout above the $36.77 level.
Related: Strategy defined to resume buying Bitcoin via STRC: will the price of BTC reach $80,000?
Cardano Price Prediction
Cardano (ADA) is facing resistance at the $0.25 level, but a positive sign is that the bulls have not ceded ground to the bears.
Buyers will attempt to overcome the moving average barrier. If they do, the ADA/USDT pair could reach the downtrend line, which is a crucial resistance to watch. A close above the downtrend line signals a potential near-term trend change.
The sellers will likely have other plans. They will attempt to defend the moving averages and bring the ADA price back below the $0.23 level. If this happens, the pair could slide to the February 6 low of $0.22.
Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) has been trading between the 50-day SMA ($485) and $443 support for the past few days.
The bulls’ failure to cross the 50-day SMA suggests that the bears are active at higher levels. Sellers will attempt to strengthen their position by bringing the BCH price below the $443 level. If they succeed, the BCH/USDT pair will complete a bearish head and shoulders pattern. This opens the door for a decline to the $375 level.
Instead, if buyers push the price above the 50-day SMA, it signals demand at lower levels. The pair could then rise to the $520 to $540 zone.
Chainlink Price Prediction
Chainlink (LINK) is facing resistance at the moving averages, but a positive sign is that the bulls have kept the pressure on.
This improves the prospects of a close above the moving averages. If this happens, LINK price could rally towards the $10 level. Sellers will attempt to defend the $10 level and keep the LINK/USDT pair range-bound for some more time.
The next trend move is expected to start at a close above $10 or below $8. If buyers break above the $10 level, the pair could reach $10.94 and later up to the $11.61 level. Alternatively, a decline below the $8 support could push the price down to $7.15 and then to $6.
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