Key Points:
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Bitcoin will be divided into the $105,000 to $100,000 over the weekend.
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The ether was pulled back in the short term, but outweighed the important $4,094 support.
Bitcoin (BTC) fell to nearly $108,100 on Friday, the lowest level since July 8th. This suggests that the Bulls are losing their grip. Veteran trader Peter Brandt said in a post on X that BTC should “discount the last seven weeks as a double-top chance” above $117,570.
Despite the short-term weakness, network economist Timothy Peterson sounded bullish towards BTC’s outlook for the rest of the year. In a post on X, Peterson said BTC has increased its time by 70% in the past four months leading up to Christmas, earning an average of 44%.
The uncertainty of BTC appears to drive investors into ether (ETH). According to Coinglas, BTC Exchange-Traded Funds has recorded an inflow of about $350 million since August 21, while ETH ETF has seen an inflow of $1.87 billion.
Nansen research analyst Nikolai Sondergaard told Cointregraph that investors have booked profits after the BTC up-move and “moved to other tokens to catch potential.”
What are the important levels of support to be aware of in BTC and major Altcoins? Analyze and explore the charts of the top 10 cryptocurrencies.
Bitcoin price forecast
BTC began recovering from $108,666 on Tuesday, but on Thursday the recovery flares near its 20-day index moving average ($113,977).
Prices were significantly reduced on Friday, down from $108,666 support. If the price falls below $108,666, the BTC/USDT pair will plummet to $105,000, and ultimately at $100,000, psychological support.
The Bulls will need to push prices back above the moving average to suggest sales pressure is falling. Bitcoin prices could challenge an all-time high of $124,474.
Ether Price Prediction
ETH emerged from the 20-day EMA ($4,378) on Tuesday, but the Bears stopped recovering at $4,663.
It was below the 20-day EMA on Friday, and its price was turned down and destroyed. If the ETH/USDT pair falls below the 20-day EMA, the next stop could be a breakout level of $4,094. Buyers are expected to actively defend the zone between $4,094 and 50-day SMA ($3,939).
Conversely, if the price rises from the current level of $4,094, it suggests a solid purchase at dip. The Bulls are trying to surpass the ether price zone between $4,788 and $4,868. If they succeeded, the pair surged to $5,000, then $5,662.
XRP Price Forecast
The inability to push XRP (XRP) back over 20 days of EMA ($3) in the last few days indicates that the bear is defending the level vigorously.
The Bears will try to bolster their position by increasing the XRP price to solid support at $2.73. Buyers are expected to strongly adhere to the $2.73 level. Because if you open the gate near it, you can shoot up to $2.20.
The first sign of strength is breaks and closes above the 20-day EMA. That suggests that sales pressure may be declining. The XRP/USDT pair can climb downtrend lines that are likely to function as a hard barrier. Buyers must penetrate down trend lines to suggest that the correction may have been completed.
BNB Price Prediction
BNB (BNB) has witnessed a tough battle between buyers and sellers at a breakout level of $861.
While upslope movements show benefits for buyers on average, negative divergence of RSI suggests that bullish momentum can be weakened. Sellers will need to pull prices below 20 days EMA ($844) to gain an advantage. The BNB/USDT pair could fall into a 50-day SMA ($794).
Instead, it shows that when prices rise from the 20-day EMA and exceed $900, buyers continue to control. The gathering could then reach a psychological level of $1,000.
Solana price forecast
Solana (Sol) rebounded on Tuesday’s 20-day EMA ($193) and rose above the $210 barrier on Thursday.
However, the bears were sold at a higher level, pulling the price back below $210. Some aggressive bulls could be trapped if the price is kept below $210. It could cause a long liquidation and attract prices to the uptrend line.
If prices fall below the uptrend line, the Sol/USDT pair could remain in the range between $155 and $210 for some time.
Meanwhile, it bounces firmly backs the 20-day EMA ($193) signal from lower levels of demand. The Bulls will raise the Solana price to $240 and end up trying one more time towards $260.
Dogecoin price forecast
Dogecoin (Doge) bounced back $0.21 support on Tuesday, but the Bulls were unable to push prices above the moving average.
Prices have dropped sharply from the moving average, indicating that bears are selling at all minor rallies. This increases the risk of breaks below the $0.21 level. If that happens, the Dogecoin price will fall to $0.19, then it will be $0.16.
The Bulls need to keep prices above the moving average by pushing them down and maintaining them, suggesting that the Doge/USDT pair could remain within the $0.21-$0.26 range for some time.
Cardano price forecast
Cardano (ADA) was turned down by a 20-day EMA ($0.85) and reached critical support with a 50-day SMA ($0.82).
If a 50-day SMA fails, the short-term advantage leaps in favor of the bear. The ADA/USDT pair then drops to $0.76 and then risks at $0.68. Buyers are expected to be hard at the $0.68 level.
In an advantage, the rise above the 20-day EMA suggests that the bull is about to make a comeback. The price of Cardano could reach a cave route where the bears are expected to intervene. Near the downtrend line, it suggests that the correction may have been completed.
Related: Is XRP scheduled to crash in September?
Chain Link Price Prediction
ChainLink (Link) bounced back from the 20-day EMA ($23.56) on Thursday, but the Bulls were unable to maintain a higher level.
The bear is trying to strengthen his position by withdrawing prices below the 20-day EMA. If they can accomplish that, the Link/USDT pair can deepen their fix to a 50-day SMA ($20.23).
Buyers need to keep control by defending the 20-day EMA hard and pushing back prices above $27 quickly. If you do that, the chain link price will move to $31 starting the next leg of the UP, then $36.
High lipid price forecast
High lipids (hype) broke beyond $49.88 resistance on Wednesday, but the Bulls were unable to maintain a higher level.
Prices have returned to moving averages. This is an important support to be aware of. If prices recover a moving average with force, the Bulls try to drive the hype/USDT pair above $51.19. If they can accomplish that, the high lipid prices could ralend towards a pattern goal of $64.25.
This positive view will be void in the short term as prices drop and break down under the uptrend line. It can sink the pair to $40 and then sink to $36.
SUI price forecast
The SUI (SUI) vibrates within the $3.26 to $4.44 range for several days.
Prices rebounded Tuesday’s $3.26 support, but the Bulls were unable to overcome the obstacles of the 20-day EMA ($3.57) version. This updated sales by the Bears, reducing the SUI/USDT pair to $3.26. Repeated retests of support levels tend to weaken it. If there is a crack at the $3.26 level, the SUI price could plummet to $3.
To extend the stay within a few more days, buyers must drive and maintain prices above the moving average.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
