Bitcoin, altcoins rebel as dip buyers provide volume

Key Points:

Bitcoin is closer to supporting the large series, suggesting that a short -term relief period is possible.

Several large Altcoins try to start a relief period, but it will probably have significant resistance to the Bears at higher levels.

Bitcoin (BTC) has regained $ 110,000 level, but it has yet to be seen whether the bounce is sustainable. Glass node analysts said in a post on X that long -term holders realized 3.4 million BTC in profit, and the inflow of exchange funds delayed after the Federal Reserve reduced on September 17, indicating the exhaustion and disadvantage risk.

According to Farside Investors data, US Spot BTC ETFs saw net outflow of $ 479 million this week. This indicates that the institutional question is delaying. BTC’s fall on Thursday drew the Crypto Fear & Greed index in the “Fear” category on Friday.

BTC’s weakness has lowered several large Altcoins. This indicates a negative sentiment, where traders hurry their positions. A small hope of hope for the Bulls is that BTC has not yet broken under the support of the range of $ 107,000 to $ 124,474.

Can BTC take the $ 107,000 support with power and pull altcoins higher? Let’s analyze the maps of the top 10 cryptocurrencies to find out.

Bitcoin price forecast

BTC rejected on Thursday from the 20-day exponential moving average (EMA) ($ 113,217), suggesting that the sentiment becomes negative.

Sellers will have to draw the price below $ 107,000 support to complete a double pattern. If they manage, the sale can accelerate and the BTC/USDT pair can drop to $ 100,000. Buyers are expected to defend the $ 100,000 level with all their power, as a break under the road for a collapse of the pattern goal of $ 89,526 cleans.

In contrast, if the Bitcoin price arrives and breaks above the moving averages, it indicates that the pair can swing within the range of $ 107,000 to $ 124,474 for a few days.

Ether Price Prediction

Ether (ETH) expanded his decline under the support of $ 4.060 on Thursday, indicating that the Bears retained the pressure.

The moving averages have completed a clumsy transition, and the relative strength index (RSI) is in the negative area, indicating that the path of the least resistance to the disadvantage is. If the $ 3,745 supporting cracks support, the ETH/USDT pair can tumble to the $ 3,426 pattern goal and then up to $ 3,350.

The bulls are likely to sell significant sale of the bears on the moving averages and then at the resistance line.

XRP price forecast

XRP (XRP) rejected from the 50-day simple moving average (SMA) ($ 2.98) on Wednesday and dropped to the solid support at $ 2.69 on Thursday.

The repeated retesting of a support level tends to weaken it. If the price breaks and closes below $ 2.69, the XRP/USDT pair will complete a clumsy declining triangle pattern. This increases the risk of a fall towards $ 2.20.

Any relief period is expected to be sold at the moving averages and then on the downward trend. The bulls will have to push and maintain the price above the downward line to indicate a return.

Bnb price forecast

BNB (BNB) jumped off the 20-day EMA ($ 955) on Tuesday, but the recovery fell at $ 1.034 on Wednesday.

The Bears resumed on Thursday and drew the BNB price below the 20-day EMA. There is support at the 61.8% Fibonacci feedback level of $ 934, but if the level cracks, the BNB/USDT pair can shower to the 50-day SMA ($ 889).

If buyers want to prevent the disadvantage, they will have to quickly push and maintain the price above the 20-day EMA. The Bulls will be back in the game after driving the pair above $ 1.034.

Solana Price Prediction

Buyers stopped at Solana (Sol) 50-day SMA ($ 207) on Wednesday, but maintained the Bears’ sale on Thursday.

The dropped 20-day EMA ($ 219) and the RSI below 40 indicate that the benefit was tilted in favor of the Bears. Attempts to start a recovery are likely to be sold well at the 20-day EMA. If the price decreases sharply from the 20-day EMA, the Sol/USDT pair cannot up to $ 175.

Buyers have an uphill task ahead of them. They will have to drive the Solana Prize above the 20-day EMA to indicate power. The pair can then rise to $ 260.

Dogecoin price forecast

The failure of the bulls to push Dogecoin (dog) above the 20-day EMA ($ 0.24) Wednesday indicates that the Bears are selling rallies.

The Doge/USDT pair can drop to the solid support at $ 0.21. Buyers will try to guard the $ 0.21 level powerfully, because a break and closes below that could lower the Dogecoin price to $ 0.18. This indicates that the pair can extend its stay in the range of $ 0.14 to $ 0.29 for a while.

The first sign of power is a break above the 20-day EMA. This opens the doors to a rally for the stiff overhead resistance of $ 0.29.

Cardano price forecast

Cardano (ADA) continued lower and slipped under the $ 0.78 support on Thursday, indicating that the Bears retained the pressure.

Buyers try to push the price above $ 0.78, but may be sold at the current level of the Bears and on any increase in the direction of the 20-day EMA ($ 0.84). If the price decreases sharply from the 20-day EMA, the ADA/USDT pair to the next can be strong support at $ 0.68.

In contrast, if buyers push the Cardano price above the moving averages, it indicates a good demand at lower levels. The pair can then climb to the resistance line, where the bears are expected to pose a significant challenge.

RELATED: Bitcoin Price ignores PCE inflation as bears by eating $ 109,000 support

Hyperliquid Price Prediction

Hyperliquid (hype) continued its correction and reached the $ 40 support on Thursday, where the Bulls suffer a strong defense.

The relief period is expected to be sold against the moving averages. If the price decreases sharply from the moving averages, the Bears will make another effort to sink the hype/USDT pair below $ 40. If they can pull it out, the hyperiquid price could drop to $ 35.50.

On the contrary, if the price lasts higher and more than $ 49.88, it indicates that the affirmative phase is over. The pair can then contract at $ 59.

Chainlink Price Prediction

Chainlink (link) dipped to the support line of the declining channel pattern, where the buyers are expected to enter.

Any recovery effort of the support line is likely to be sold at the 20-day EMA ($ 22.60). If the price decreases sharply from the 20-day EMA, the Bears will make another effort to sink the link/USDT pair under the descending channel. If they manage, the chain price could drop to $ 18 and then $ 16.

Buyers will have to push the price above the 20-day EMA to prevent the disadvantage. The pair can then climb to the resistance line of the channel.

Avalanche price forecast

Avalanche (Avax) dropped sharply on Thursday and plunged under the 20-day EMA ($ 30.09), suggesting that the Bears are chasing the exit.

The Avax/USDT pair has decreased to the 50-day SMA ($ 26.62), which is likely to attract buyers. If the price of the 50-day SMA supports and rises above the 20-day EMA, it indicates that you are buying at lower levels. The Lawine price can then consolidate between $ 26.50 and $ 36.17 for some time.

Instead, if sellers sink the price below the 50-day SMA, the couple can drop to $ 22.50. That brings the big $ 15.27 to $ 36.17 into the game.

This article does not contain investment advice or recommendations. Each investment and trade movement involves risk, and readers must do their own research when making a decision.