Key points:
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Bitcoin is assisted by a difficult battle between the Bulls and the Bears in $ 95,000.
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Solid purchase by Spot Bitcoin ETF Investors last week indicate a positive change in the feeling of investors.
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Select Altcoins have held their support levels, increasing the probability of a short -term movement.
Bitcoin (BTC) slipped below the $ 95,000 escape level on May 4, indicating the reservation of profits at higher levels. The Bulls tried to postpone the price above $ 95,000 on May 5, but faced a high resistance from the bears.
Glassnod’s principal researcher, Cryptovizart, said in an article on X that Bitcoin now above $ 93,000 was very surprising and also risky, because the rally with the $ 93,000 range to $ 96,000 “pushed the for-profit volume above statistical levels”. Cryptovizart added that there were more than $ 9 of profits made for each dollar made while loss.
However, a positive sign in favor of bulls is that the funds negotiated in exchange Bitcoin based in the United States experienced $ 1.8 billion entries last week, according to investor data. ETF issuers and institutions acquired 18,644 Bitcoin last week, against 3,150 bitcoin undermined during the period, Hodl15Capital assets reported on May 4.
What are the crucial levels of support and resistance to monitor in Bitcoin et altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Price prediction of the S&P 500 index
The S&P 500 index (SPX) extended its recovery last week and exceeded the 50 -day simple mobile average (5,575).
The 20 -day exponential mobile average (5,501) has started to arise, and the relative resistance index (RSI) is in the positive territory, indicating the advantage to buyers. The UP movement could reach 5,800, which should attract high sales by the Bears. If the price decreases 5,800, it is likely to find support for EMA 20 days.
The sellers will have to pull the price below the 20 -day EMA to suggest that the bullish momentum is weakening. The index can drop to 5,400 then to 5,300.
Price prediction of the US dollar index
The US dollar index (DXY) rebounded on support 99 on April 29 and reached EMA 20 days (100.38) on May 1.
Buyers are faced with a strong resistance to EMA of 20 days, but a minor positive is that they did not give in a lot of land to the bears. This improves the prospects for a break over the 20-day EMA. If this happens, the index could reach the level of fibonacci retracement of 61.8% of 101.39 then in SMA of 50 days (102.72).
This positive view will be invalidated if the price continues below and breaks below level 99. This could flow the index with critical support at 97.92.
Bitcoin price prediction
Bitcoin closed below the assistance of $ 95,000 on May 4, and the Bears try to extend the 20 -day EMA decline ($ 92,204).
Buyers will have to fiercely defend the 20 -day EMA to maintain the intact bullish dynamics. If the price bounces from the 20 -day EMA with force, the Bulls will again try to propel the BTC / USDT pair at the psychological level of $ 100,000.
Unlike this hypothesis, a break and the closure below the 20 -day EMA signals, the bulls rush to the exit. This can flow the pair with SMA of 50 days ($ 86,890). A deeper decline suggests short -term range.
Ether price prediction
Buyers have managed to maintain the ether (ETH) above the mobile averages, the signaling force.
The 20 -day EMA ($ 1,771) is gradually sloping, and the RSI is in the positive territory, indicating that the slightest resistance path is up. There is a minor resistance at $ 1,957, but it should be crossed. The ETH / USDT pair could reach the distribution level of $ 2,111, where bears should sell aggressively.
A break and a closure below the mobile averages opens the doors for a fall at $ 1,537 and later to the critical support at $ 1,368.
XRP price prediction
XRP (XRP) remains stuck between the resistance line and the $ 2 support, indicating the purchase on the hollows and the sale of gatherings.
The two mobile averages have flattened and the RSI is just below the median point, indicating a balance between supply and demand. This balance will bow in favor of bulls if they drive the price above the resistance line. The XRP / USDT pair could rise to $ 3, suggesting a short -term change of trend.
On the contrary, a break and a closure below $ 2 will charge the sellers. The pair can then retain vital support at $ 1.61, where buyers should intervene.
Price prediction BNB
BNB (BNB) slipped below the mobile averages on May 4, but the bears have trouble maintaining the lower levels.
If buyers push the price above moving averages, this suggests buying at lower levels. The Bulls will then try to overcome the barrier at $ 620. If they succeed, the BNB / USDT pair could fire up to $ 644.
Alternatively, if the price decreases in mobile averages, it suggests that the Bears are trying to take control. There is a support in the $ 576 zone at $ 566, but if it breaks down, the pair could dive at $ 520.
Solana price prediction
Solana (Sol) finds support for the 20 -day EMA ($ 143), indicating that the Bulls remain buyers on hollows.
The Bulls will try again to push the price above the resistance of $ 153. If they manage to do so, the floor / USDT pair could drop to $ 180. Such a decision brings together the wide range of $ 110 to $ 260.
If the bears want to prevent the increase, they will have to quickly pull the price below the 20 -day EMA. If they do this, the pair could go down to SMA of 50 days ($ 133). This suggests that the pair can consolidate between $ 110 and $ 153 for a while.
In relation: XRP price risk 45% decrease to $ 1.20 – This is why
Dogecoin price prediction
The buyers managed to keep Dogecoin (Doge) above the mobile averages but failed to start a strong rebound.
Flatted mobile averages and the RSI near the median point suggest that the Doge / USDT pair can extend its stay inside the range from $ 0.21 to $ 0.14 for a while.
If the price proves to be mobile averages, the Bulls will try to push the pair at $ 0.21. Sellers should defend the level aggressively, but if the Bulls prevail, the pair could soar $ 0.28. On the contrary, a break below mobile averages could run the pair with a solid support at $ 0.14.
Cardano price prediction
Cardano (ADA) attends a difficult battle between the Bulls and the Bears near the mobile averages.
Flatted mobile averages and the RSI just below the median point do not give a clear advantage or to the Bulls or the Bears. The first sign of strength will be a break and will close above $ 0.75. This opens the doors to a gathering at $ 0.83.
Lowering, a fence below mobile averages tilted the advantage in favor of bears. There is a solid support at $ 0.58, but if the level gives way, the ADA / USDT pair could dive at $ 0.50.
SUD price prediction
SUP (SUI) tries to bounce back on the 20 -day EMA ($ 3.09), indicating demand at lower levels.
Bulls will try to push the price to $ 3.90, which should act as rigid resistance. However, the 20 -day high -end EMA and the RSI on the positive territory suggest that buyers have an advantage. A break and closing over $ 3.90 could catapult the SUI / USDT pair at $ 4.25 and later at $ 5.
Instead, if the price decreases from the current level or from resistance to general costs and breaks below the 20 -day EMA, it indicates that the bulls have abandoned. This can draw the price at $ 2.86, then at SMA of 50 days ($ 2.57).
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.
