Key points:
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Bitcoin faces a large sale near its record level, but the Bulls maintain the price of more than $ 120,000, which indicates force.
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The ether remains strong above its $ 4,094 escape level, opening the doors for another rally.
Bitcoin (BTC) exceeded $ 122,000 on Monday, but the long wick on the candlestick shows that the Bears vigorously defend the summit of all time of $ 123,218. However, if buyers do not give in a lot of land in the Bears, BTC remains on the right track to reach a new summit of all time.
Institutional investors also became positive on Wednesday, the BTC’s granted funds on BTC being witness to $ 91.55 million in net entries. The entries accelerated Thursday and Friday, registering $ 280.69 million and $ 403.88 million, respectively, according to Sosovalue data.
BTC’s bullish feeling has detected the cryptocurrency sector with several altcoins loading above, led by Ether (ETH).
The co-founder of Bitmex, Arthur Hayes, who had sold 2,373 ETH just days ago, when the price was almost $ 3,507, bought all of this at a much higher price around $ 4,150, according to a position on X.
Could BTC go to a new summit of all time? Will Altcoins follow BTC above? 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 (SPX) index fell below the simple 20 -day mobile average (SMA) (6,331) on August 1, but the Bulls quickly recovered the level on August 4.
The Bulls will try to resume the upward trend by pushing the price higher at the level of 6,427. If they manage to do so, the index could increase to 6,500 and later to 6,696.
The first sign of weakness will be a break and close below the 20 -day SMA. This suggests a profit book at higher levels. The index can then decrease in terms of escape from 6,147. Buyers should defend the level of 6,147 of all their forces because a break below indicates a potential short -term summit.
Price prediction of the US dollar index
The US dollar index (DXY) is trying to find support near mobile averages, but the long wick of the Monday candlestick shows that the Bears sell rallies.
If the price decreases below 97.94, the Bears will try to draw the index at 97.10. Buyers should fiercely defend the area between 96.37 and 97.10 because a break below opens the doors for a drop to 95.
Uplining, buyers will have to generate the price of more than 99.32 to suggest that the Bears lose their grip. The index could then climb to 100.54 and subsequently 102. The sellers are likely to set a strong challenge at level 102.
Bitcoin price prediction
BTC broke out above the downward trend line on Sunday, and the Bulls continued on Monday, reaching $ 122,335.
The Bears are trying to keep the top of all time of $ 123,218, but a positive sign is that the Bulls have maintained the pressure. This improves the prospects for a break greater than $ 123,218. If this happens, the BTC / USDT pair could soar around $ 135,000.
In relation: BTC Price to fill a CME difference of $ 117,000? 5 things to know in Bitcoin this week
The first sign of weakness will be a break and close below the 20 -day SMA ($ 116,795). This indicates possible short -term beach training. The Bitcoin price could oscillate between $ 111,920 and $ 123,218 for a certain time. The pair will point out a short -term trend reversal of less than $ 110,530.
Ether price prediction
ETH gained momentum after exceeding $ 3,745 on Thursday, and the Bulls released the obstacle above $ 4,094 on Saturday.
It is unlikely that the bears will easily abandon and try to pull the price below $ 4,094. If they manage to do so, the ETH / USDT pair could drive the 20 -day SMA ($ 3,793). A solid rebound on the 20 -day SMA indicates a positive feeling, increasing the probability of continuation of the UP movement to $ 4,868.
The sellers will have to pour the price of Ether below the 20 -day SMA to win the upper hand. A short -term trend reversal will be reported on a rupture of less than $ 3,350.
XRP price prediction
Wednesday, XRP (XRP) went from $ 2.90 and exceeded the 20 -day SMA ($ 3.10) on Thursday.
On Friday, the Bears blocked the UP movement at $ 3.38, but a positive sign is that the Bulls did not allow the price to retreat below the 20 -day SMA.
If the price exceeds $ 3.38, the XRP / USDT pair could walk at $ 3.66. Sellers should aggressively defend the level of $ 3.66, but if the Bulls have their way, the rally could extend to $ 4 and later at $ 4.50.
On the contrary, if the price continues below and breaks below the 20 -day SMA, it indicates that bears remain active at higher levels. The XRP price could then tumble at SMA of 50 days ($ 2.81).
Price prediction BNB
BNB (BNB) has maintained above $ 794 in the last two days, but Bulls have trouble maintaining the price of more than $ 815.
The high -end mobile averages and the relative resistance index (RSI) in the positive area indicate that the bulls have an edge. If the price bounces $ 794 and exceeds $ 828, the BNB / USDT pair could rise to $ 861.
Instead, if the price drops and breaks below the 20 -day SMA ($ 785), it suggests a profit reservation at higher levels. The price of the BNB can then fall from solid support at $ 732, where buyers should intervene.
Solana price prediction
Solana (soil) pierced the 20 -day SMA ($ 176) on Saturday and reached resistance to general costs at $ 185.
The Bulls will try to push the price above $ 185 and gain the upper hand. If they do this, the floor / USDT pair could climb $ 195 and later at $ 209. Sellers are expected to set up a solid defense at $ 209.
Conversely, a break below the 20 -day SMA indicates that the Bears aggressively defend the level of $ 185. Solana’s price could then switch to SMA of 50 days ($ 166) and later to a solid support at $ 155.
Dogecoin price prediction
Dogecoin (DOGE) exceeded 20 -day SMA ($ 0.22) on Friday, but Bulls find it difficult to push the price to $ 0.26.
If the price drops and slips below the 20 -day SMA, the Doge / USDT pair could go down to SMA of 50 days ($ 0.20). This suggests consolidation between $ 0.25 and $ 0.19 for a while.
If the price bounces on the 20 -day SMA and exceeds $ 0.25, Doge could come together at $ 0.29. Lowering, a rupture less than 0.19 could run the pair at $ 0.16 and ultimately at $ 0.14.
Cardano price prediction
Cardano (ADA) exceeded 20 -day SMA ($ 0.77) on Friday, indicating that buyers make a return.
The sellers tried to shoot the price below the 20 -day SMA on Sunday, but the Bulls held out. The 20 -day SMA rebound on Monday met sales pressure at higher levels.
A break and close below the 20 -day SMA weakens the bullish momentum. The price of Cardano can then go down to SMA of 50 days ($ 0.71).
Buyers will be back in the driver’s seat if they drive the ADA / USDT pair above $ 0.86. This opens the doors to a gathering at $ 0.94.
Hyperliquid price prediction
The hyperliquid (hype) has rebounded in recent days, indicating aggressive purchases at lower levels.
The media / USDT threshing pair attends a difficult battle between the Bulls and the Bears at the support line of the upward channel motif. If the price drops from the support line, the price of the media might be dropped to mobile averages. A rebound on mobile averages increases the probability of a rally to $ 50 and, after that, to $ 62.50.
Alternatively, a breakup and a closure below the mobile averages suggest that the bears are trying to take control. The pair can then fall to $ 35.50.
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.
