Key points:
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Bitcoin searches for support near $103,000, but rising uncertainty in global markets could cap future rallies.
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Select altcoins are finding buyers at lower levels, indicating traders’ desire to buy the dip.
Bitcoin (BTC) corrected below $103,000 on news of Israel’s airstrikes on Iran, but a positive sign is that lower levels witnessed buying, pushing the price near $106,000.
Trading resource Material Indicators said in a post on X that Bitcoin’s bottom is unlikely to drop out, but sustainable upside price discovery may not happen before the next Fed meeting.
Another positive view came from a study by ETC Group head of research Andre Dragosch. It showed that Bitcoin recovers and often surpasses the pre-event price levels within 50 days.
However, Bollinger Bands creator John Bollinger has a different view. In a post on X, Bollinger said that Bitcoin has completed three pushes to a high after forming the “W-shaped” double bottom near $75,000. During a discussion on the post, Bollinger added that three pushes to a high “means the end of the prior trend,” which could be followed by a “reversal or a consolidation.”
Could Bitcoin and select altcoins resume their uptrends? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Bitcoin fell to the 50-day simple moving average ($103,159) on Friday where the bulls are trying to arrest the decline.
The 20-day exponential moving average ($106,097) is flattening out, and the relative strength index (RSI) is near the midpoint, signaling a possible consolidation in the near term. The crucial levels to watch out for are $100,000 on the downside and the all-time high of $111,980 on the upside.
If the $100,000 level gives way, the BTC/USDT pair could tumble to $92,000. Conversely, a break and close above $111,980 signals the resumption of the uptrend. The pair could then soar to $130,000.
Ether price prediction
Ether (ETH) turned down from $2,879 on Wednesday and nosedived below the 20-day EMA ($2,580) on Friday, suggesting the markets rejected the breakout above $2,738.
The 20-day EMA is flattening out, and the RSI has dropped to the midpoint, indicating a balance between supply and demand. If the price turns up from the current level or $2,323, the bears will attempt to halt the relief rally in the $2,738 to $2,879 zone. If the price turns down from the overhead zone, the ETH/USDT pair may consolidate for some more time.
Buyers will have to catapult the price above $2,879 to start the next leg of the up move toward $3,153. On the downside, a break below $2,323 could sink the pair to $2,111.
XRP price prediction
XRP (XRP) broke above the moving averages on Monday, but the bulls could not build upon the momentum.
The price turned down on Wednesday and has reached near the solid support at $2. Buyers are expected to vigorously defend the $2 level as a break and close below it could signal the start of a new downtrend. The XRP/USDT pair could descend to $1.61 and, after that, to $1.28.
Contrary to this assumption, if the price turns up sharply from $2 and breaks above the moving averages, it suggests the range-bound action may continue for a while longer.
BNB price prediction
BNB (BNB) has been consolidating between $693 and $634 for several days, indicating a balance between supply and demand.
The flattish 20-day EMA ($658) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price turns up from $634 and rises above the 20-day EMA, the BNB/USDT pair could remain inside the range for some more time.
Contrarily, a break and close below $634 suggests that the bears have overpowered the bulls. That could intensify selling, pulling the pair to $600. Buyers are expected to aggressively defend the $580 to $600 support zone.
Solana price prediction
Solana (SOL) rose above the moving averages on Monday, but the bulls could not sustain the higher levels.
The price turned down from $168 on Wednesday and broke below the moving averages on June 12. The SOL/USDT pair has reached the $140 support, which is a critical level for the bulls to defend.
If the price rebounds off the $140 support, the bulls will again try to shove the price above the moving averages. On the contrary, a break and close below $140 could sink the pair to $123 and eventually to $110.
Dogecoin price prediction
Dogecoin (DOGE) turned down from the $0.21 level on Wednesday, indicating that the price remains stuck inside the lower half of the $0.26 to $0.14 range.
There is support at $0.16, but it is likely to be broken. The DOGE/USDT pair could then plummet to the $0.14 support, where the buyers are expected to step in. A solid bounce off the $0.14 level could extend the range-bound action for a while longer.
The next trending move is likely to begin on a break above $0.26 or below $0.14. If the $0.14 level cracks, the pair could collapse to $0.10. On the other hand, a break above $0.26 could drive the pair to $0.38.
Cardano price prediction
Cardano (ADA) turned down from the 50-day SMA ($0.72) on Wednesday, indicating that the bears continue to sell on rallies.
The down-sloping 20-day EMA ($0.69) and the RSI in the negative territory signal the bears have an edge. If the $0.60 level is taken out, the ADA/USDT pair could plummet to the solid support at $0.50. Buyers are expected to defend the $0.50 level with all their might.
The first sign of strength will be a break and close above the 50-day SMA. That opens the doors for a rise to the downtrend line, which is a significant level to watch out for. A break and close above the downtrend line suggests a potential trend change.
Related: Here’s what happened in crypto today
Hyperliquid price prediction
Buyers pushed Hyperliquid (HYPE) above the $42.25 resistance on Wednesday and again on Thursday, but could not sustain the higher levels.
That may have tempted short-term buyers to book profits, pulling the price toward the breakout level from the symmetrical triangle pattern. The upsloping 20-day EMA ($35.93) signals an advantage to buyers, but the developing negative divergence on the RSI suggests the bullish momentum is weakening. Buyers will have to propel the price above $44 to resume the uptrend toward $50.
On the downside, a break and close below the 20-day EMA could accelerate selling, pulling the pair to $30.50.
Sui price prediction
Sui (SUI) turned down from the 50-day SMA ($3.55) on Wednesday, indicating that bears are fiercely defending the level.
The SUI/USDT pair has reached solid support at $2.86, which is a crucial level to watch out for. Sellers will try to seize control by pulling the price below the $2.86 level. If they can pull it off, the pair could tumble to $2.50.
Buyers are likely to have other plans. They will try to defend the $2.86 level. If the price bounces off the $2.86 support, the pair could reach the moving averages. If the price turns down sharply from the moving averages, it increases the risk of a break below $2.86. Buyers will have to drive the pair above the moving averages to clear the path for a rally toward the $4.25 resistance.
Chainlink price prediction
Chainlink (LINK) turned down and re-entered the descending channel pattern on Thursday, indicating that sellers are active at higher levels.
The bears are trying to pull the price below the $12.64 support. If they manage to do that, the LINK/USDT pair risks a fall to $10. Such a move extends the pair’s stay inside the channel for a few more days.
Buyers will have to swiftly push the price above the $16 level to prevent the downside move. That indicates aggressive buying at lower levels. The pair could rise to $18 and then to $20, signaling a potential trend change.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
