Basic Points:
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Bitcoin remains at risk of falling to $ 100,000, but the long -term picture remains intact.
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Focus focus to select Altcoins, which are on track to rise above their overhead resistance levels.
Bitcoin (Btc) holds close to $ 105,000 levels, but the failure of the Bulls to maintain bounce on June 3 suggests a lack of demand at a higher level. Analysts look forward to Bitcoin will fall into psychological essential $ 100,000 level.
Analyst Willy Woo warned that buying bitcoin in six figures It may not make sense in the short time, but it may be “one of the best investments you will find in your investment career” over the next 10 years.
Another view of bullish comes from the Sygnum Bank. In the monthly perspective on its investment, bank analysts said the institutional adoption and the rise of Bitcoin acquisition vehicles resulted in a 30% drop in the liquid supply of bitcointhat can create “conditions for demand shocks and reversed volatility.”
Can Bitcoin be a plummet to $ 100,000, taking altcoins? Let’s check the charts of the top 10 cryptocurrencies to find out.
Bitcoin’s price prediction
Bitcoin witnessed a hard battle between the Bulls and the bears near the 20-day exponential transfer of average ($ 105,347).
Consumers will get the upper hand if they push and keep the price above $ 106,800. That removes the path for a rally at $ 109,588 to $ 111,980 overhead resist zone. Seller is expected to defend the zone with all their strengths as a rest above can launch the BTC/USDT pair towards $ 130,000.
Bears will have to achieve a close below $ 103,000 support to avoid a reversal. The pair can plunge with important support of $ 100,000.
Price ether
Ether (Eth) bouncing from 20-day EMA ($ 2,528) on June 2, indicating that emotion remains positive and entrepreneurs are buying dips.
Bulls will try to strengthen their position by pushing the price above $ 2,738 resistance. If they do that, the ETH/USDT pair can rally for $ 3,000 and subsequently to $ 3,153.
Time is running out for bears. If they want to make a comeback, the seller needs to be fierce to defend the $ 2,738 resistance and pull the price below the 20-day EMA. That could sink the pair to $ 2,323.
XRP price prediction
XRP (XRP) will rise to moving averages, where bulls are expected to deal with sale from bear.
If the price decreases sharply from moving averages, the XRP/USDT pair may decrease with likely solid support to $ 2. A strong rebound off $ 2 suggests a scope -bound action can continue longer.
Alternatively, if consumers pushed the price above the moving averages, the pair could rally at $ 2.65 overhead resist. Sellers will defend the $ 2.65 level, but if the Bulls prevail, the pair can jump at $ 3.
BNB price prediction
Bnb (Bnb) Rose and closed above 20-day EMA ($ 661) on June 1. Sellers tried to pull the price below the 20-day EMA on June 3, but Bulls successfully defended the level.
The BNB/USDT pair can rally for $ 693, probably a big challenge. If the Bulls maintain pressure and bulldoze their way by $ 693, the pair can be skyrocket for $ 732 and ultimately $ 761.
Especially, if the price drops sharply from $ 693 and breaks under 20-day EMA, it indicates a possible action-bound action. The pair can be swing between $ 634 and $ 693 for a few more days.
Solana’s price prediction
Buyers tried to push Solana (Sol) above the 20-day EMA ($ 163) on June 3, but the bears will be held.
A minor positive in favor of Bulls did not allow the price to dip below $ 153 support. The Bulls will try again to push the price above the 20-day EMA, opening the doors for a rally up to $ 185.
On the other hand, if the price turns from the 20-day EMA again, it increases the risk of a break below the $ 153 support. The Sol/USDT pair can drop to $ 140 and thereafter at $ 133.
Dogecoin’s price prediction
Dogecoin (Doge) clings to the 50-day simple transfer of average ($ 0.19), indicating a lack of aggressive sale at a lower level.
Bulls will try to push the price above the moving averages. If they manage that, the DOGE/USDT pair can rally at $ 0.23 and then at $ 0.26. Consumers must overcome the barrier to $ 0.26 to signal the start of a new up-move.
Especially, if the price drops sharply from the 20-day EMA ($ 0.20), it indicates that bears are active at a higher level. This increases the risk of a fall to $ 0.16 to $ 0.14 support in the zone.
Cardano’s price prediction
Cardano (Ada) is taking support near $ 0.64, but the Bulls fail to push the price above the moving averages.
If the price drops from the moving averages, the Bears will try to sink the ADA/USDT pair below the $ 0.64 support. The pair may fall into important support at $ 0.50 if they can pull it.
Related: Will the price of XRP be crashed?
Instead, if the price breaks above the moving averages, it indicates the purchase at a lower level. The pair can reach the downtrend line, which is a critical level to guard. Consumers need to push the price above the downtrend line to open the doors for a rally at $ 0.86 and later at $ 1.01.
Sui’s price prediction
Buyers cannot push Sui (Sui) Back to the top 50-day SMA ($ 3.40) in recent days, with entrepreneurs selling at rallies.
The moving averages are on the edge of a bearish crossover, and the KaMag -child index of strength (RSI) is in the negative territory, indicating an advantage over the seller. A break and close to the bottom $ 3.05 can sink the SUI/USDT pair to $ 2.86.
This negative perspective is not valid in the near term when the bulls push the price above the moving averages. If they manage that, the pair can march towards the $ 3.90 to $ 4.25 overhead zone.
Hyperliquid price prediction
Consumers pushed Hyperliquid (hype) above the $ 35.73 overhead resistance on June 2, indicating solid purchase on the dips.
Sellers tried to pull the price below $ 35.73 on June 3, but Bulls will be held. Consumers will try to push the price above $ 40, challenging hard overhead resistance to $ 42.50. If the level of $ 42.50 has been scale, the Hype/USDT pair can sink to $ 50.
The 20-day EMA ($ 32.33) is the important support to watch over the downside. A break and close to the bottom of the 20-day EMA is the first sign of booked the revenue of short-term consumers. The pair can slide at $ 30.59 and then at $ 28.50.
Chainlink price prediction
Chaainlink (Link) -up from $ 13.20 support on May 31, but consumers continue to face sale near the resistance line of the descending channel pattern.
The 20-day EMA ($ 14.90) began to turn away, and the RSI is in the negative zone, indicating that the bear has a slight edge. Consumers need to pierce the resistance line to occupy control. The link/USDT pair can climb to $ 18, where bear is expected to mounted a strong defense.
Sellers are likely to have other plans. They will try to pull the price below the support of $ 13.20. If they do that, the pair can expand its stay inside the channel for more time.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
