Key points:
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Bitcoin made a high return on Wednesday, but buyers are expected to face heavy sales nearly $ 117,500.
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Several major altcoins are likely to deal with the sale of rallies, but BNB and Avx can resume their upward trend.
Bitcoin (BTC) exceeded $ 113,900 on Wednesday, indicating that Bulls continue to buy drops. The executive president of the strategy, Michael Saylor, said on CNBC that the purchase coherent by large funds negotiated in exchange for the BTC on behalf of institutional investors and an increased adoption of BTC companies could resume the Rally of the BTC towards the end of the year.
Glassnode also declared in its weekly report that BTC could reach a new summit of all time, but added that the story shows that the cycle is in its late phase. The current BTC cycle shows similarities with the 2015-2018 and 2018-2022 bulls races, where summits of all time “only occurred 2 to 3 months beyond where we are currently measured from the low cycle.”
However, not everyone is optimistic about BTC’s prospects in the future. Cryptoque research manager Julio Moreno said in an article on X that whales have sold 147,000 BTC since August 21.
Could BTC overcome the sale by the Bears and reach $ 117,500? Will Altcoins follow BTC above? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price prediction
BTC has launched a rescue rally, which should face high sales with mobile averages.
If the price decreases sharply from medium -sized medium -sized, the possibility of a decrease to $ 107,000 increases. Buyers should defend the level of $ 107,000 with all their might because a break below will complete a lower beetle model. This can start a decrease at $ 100,000 and possibly to the model of $ 89,526.
Conversely, if buyers pierce the mobile averages, the BTC / USDT pair could come together at $ 117,500. Sellers could set a substantial dispute at $ 117,500, but if the Bulls overcome it, the Bitcoin price could reach $ 120,000.
Ether price prediction
Buyers are trying to maintain ether (ETH) above $ 4,060, but are expected to cope with heavy sales on emergency rallies.
If the price drop in the exponential mobile average of 20 days (EMA) ($ 4,393), it improves the prospects for a break below $ 4,060. If this happens, the ETH / USDT pair could collapse at $ 3,745, then to the model objective of $ 3,426.
Instead, if the price is presented and exceeded above the 20-day EMA, it points out the possibility of beach training. The price of the ether could swing between $ 4,060 and $ 4,957 for a while.
XRP price prediction
XRP (XRP) exchanged inside a descending triangle, which generally acts as a pattern of garnish.
The Bears will have to pull the price below the $ 2.69 level to complete the downstream configuration. If this happens, the sale could resume and the XRP / USDT pair could descend to $ 2.20.
If buyers want to prevent downward movement, they will have to quickly drive the XRP price above the downward trend line. This will invalidate the downstream configuration, preparing the land for a gathering at $ 3.40.
Price prediction BNB
BNB (BNB) rebounded on the 20 -day EMA ($ 957) on Tuesday, indicating that the feeling remains positive and that the traders buy decreases.
The Bulls will try to strengthen their position by pushing the price above the resistance of $ 1,083. If they succeed, the BNB / USDT pair could start the next step in the upward trend around $ 1,187.
On the contrary, if the price decreases from the current level or from resistance to general costs and breaks below the 20 -day EMA, it suggests that bears sell rallies. This increases the risk of decrease in the 50 -day simple mobile average (SMA) ($ 882).
Solana price prediction
Solana (soil) slipped below the upward trend line on Wednesday, but the Bulls try to stop the withdrawal of the 50 -day SMA ($ 206).
It is unlikely that the sellers will abandon and try to pull the price below the SMA of 50 days. If they manage to do so, the ground / USDT pair could decrease to $ 185, then to $ 175. This indicates that the Solana price can extend its stay inside the large range of $ 110 to $ 260 for a few more days.
Alternatively, a breakup and a closure above the 20-day EMA indicates solid purchases on the hollows. The Bulls will then try to launch the price at $ 260, where the bears should set up a solid defense.
Dogecoin price prediction
DOGECOIN (DOGE) supports the SMA of 50 days ($ 0.23), indicating that the bulls fiercely defend the level.
The rescue rally is expected to face the 20 -day EMA sale ($ 0.25). If the price drops sharply from 20 days EMA, the probability of a drop to $ 0.21 increases. This suggests that the Doge / USDT pair can remain inside the large range of $ 0.14 to $ 0.29 for a while.
Unlike this hypothesis, a break over the 20-day EMA shows demand at lower levels. Bulls will then try to push the price of Dogecoin to $ 0.29. This is a crucial level for the Bears to defend because a break greater than $ 0.29 erases the path for a rally at $ 0.35, then at $ 0.44.
Cardano price prediction
Buyers are trying to defend the support of $ 0.78 in Cardano (ADA), but rescue rallies are likely to be sold.
If the price drop in EMA of 20 days ($ 0.86), the Bears will make one more attempt to pour the ADA / USDT pair below $ 0.78. If they can withdraw it, the Cardano price could tumble at $ 0.68.
Buyers are likely to have other plans. They will try to push the price in the triangle and trap aggressive bears. The UP movement should take momentum above the resistance line. This opens the doors to a gathering at $ 1.02.
In relation: The XRP price is preparing for the “major trend change” with $ 4 in range: analyst
Hyperliquid price prediction
The hyperliquid (hype) plunged below the bullish trend line on Tuesday, indicating that the bulls rush to the exit.
The 20 -day EMA ($ 50.67) began to decrease, and the relative force index (RSI) is close to level 41, which indicates that the media / USDT threshing pair may have exceeded in the short term. The sellers will try to stop any attempted recovery at the 20 -day EMA. If they manage to do so, the hyperliquid price could drop and fall to $ 40 and, after that, to $ 35.
This negative view will be invalidated in the short term if the bulls push and keep the pair above the 20-day EMA. The pair can then hold the top of all time at $ 59.
Online price prediction
Buyers successfully defended the upward trend line in ChainLink (Link), but have trouble triggering a solid rebound.
The mobile averages have completed a lower crossroads and the RSI is in the negative area, signaling an advantage to the bears. Any recovery is expected to cope with the 20 -day EMA sale ($ 23.11). If the price drops from the 20 -day EMA and breaks below the ascending trend line, this suggests that the Bears are back in the game. The Link / USDT pair can then drop to $ 18.
Buyers will have to drive the price of the chain link above the downward trend line to gain the upper hand. The pair can then climb to the resistance to general costs of $ 27.
Avalanche price prediction
Avalanche (AVAX) was strongly proved by the 20-day EMA ($ 30.71) on Monday, but the Bulls could not clean the obstacle above $ 36 on Tuesday.
A positive minor in favor of the bulls is that they have not given up much to the bears. The EMA of 20 days high -end and the RSI on the exaggerated territory indicate that the path of the slightest resistance is upwards. If buyers push and maintain the price of more than $ 36.17, the Avx / USDT pair could reach the model of $ 39.49, then at $ 45.
The first sign of weakness will be a break and close below the 20 -day EMA. This suggests a reservation of profits by short -term merchants. Avax Price could then fall to $ 27.38.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
