Basic Points:
-
Bitcoin opened Sunday with strength as Bulls targeted new highs at BTC and Altcoins.
-
Many major altcoins are stuck in a range, but the hype shows signs of strength.
Bitcoin (Btc) make a solid start on the week, sprinting towards the overhead resist zone of $ 109,588 to $ 111,980. Moving higher may be that -trigger due to optimistic expectations from US-China’s goods speeches in London.
Trader Cas Abbe said in an X post that Bitcoin is likely to witness a huge move, probably over $ 109,000 to $ 110,000. Abbe noticed that $ 15.11 billion in shorts is liquid If Bitcoin climbs 10% from current levels. On the other hand, a 10% down switching risk of extermination of $ 9.58 billion in a long position.
Although most analysts believe that the long-term trajectory of Bitcoin has increased, some expect a short-term sink before the ultrend continues. Private wealth manager Swissblock expects a collapse to $ 104,000While analyst Mickybull Crypto expects the fall to $ 101,500.
Can consumers push Bitcoin above the full time of $ 111,980, which is higher altcoins? Let’s check the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index Price Prediction
The S&P 500 index (SPX) expanded its recovery last week, and Bulls were trying to build on Momentum on June 9.
The irritating 20-day exponential transfer of average (5,883) and the relative index index (RSI) in the positive territory indicates that the bulls are in command. Consumers will try to push the price to 6,147 overhead resists.
Moving higher may not be easy because sellers are expected to defend 6,000 to 6,147 zones in all their strengths. The first sign of weakness would be a rest and close to the under-day EMA, opening doors for the fall at 5,767.
US dollar price price prediction
Consumers are trying to start recovery in the US Dollar Index (DXY) but face sale near 20-day EMA (99.49).
Bears will try to sink the index to 97.92, an important level of support to guard. A break and near the bottom of the 97.92 level indicates the continuation of the downtrend. The index can extend the decline to 95.67.
This negative view is invalid in the near term if the price turns and breaks above the 50-day simple transfer of average (100.30). The index can jump over overhead resistance to 102.
Bitcoin’s price prediction
Bitcoin rose above the 20-day EMA ($ 105,296) on June 7, and the Bulls removed the overhead hurdle at $ 106,794 on June 9.
The price action of the previous days has formed an inverted head-and-shoulders pattern, which is completed at a break and near the top of the neckline near $ 112,700. If that happens, the pair can be on a sale to the target pattern of $ 146,892.
Alternatively, if the price decreases and breaks down the 20-day EMA, it signals that the bears are active at a higher level. The BTC/USDT pair can take solid support for $ 100,000. It is expected that the Bulls will defend the $ 100,000 level in all they may have due to a break below it can deepen the pullback to $ 93,000.
Price ether
Ether (Eth) has been combined -integrated between $ 2,323 and $ 2,738 in recent days, indicating a tough battle between bulls and bear.
If the price retains above the 20-day EMA ($ 2,515), the ETH/USDT pair can rally at $ 2,738. This is a critical resistance for Bears to defend because if the level is available, the pair can sink to $ 3,000 and then $ 3,153.
Contrary to this assumption, if the price decreases dramatically from the current level, it suggests that the bears are trying to supervise. The trend will favor the bears at a break and close below the 50-day SMA ($ 2,284). The pair could have fallen to $ 2,111.
XRP price prediction
XRP (XRP) has bound between $ 2 and $ 2.65 in the past few days, indicating a balance between supply and demand.
The bad moving averages and the RSI near the middle of the point does not provide a clear advantage either to bulls or bear. If the price rises above the moving averages, the XRP/USDT pair can climb a $ 2.65 overhead resist.
Conversely, if the price drops sharply from moving averages, the bears will try to sink the pair below the support of $ 2. If they can pull it, the pair can reresthew the important support of $ 1.61.
BNB price prediction
Bnb (Bnb) has been oscillating between $ 693 and $ 634 in recent days, which signed a purchase near support and sale near the overhead resist.
If consumers are driving the price above the 20-day EMA ($ 655), the BNB/USDT pair can expand its stay within the range for more time. The next UP transfer leg can start after the price consumers shove above $ 693. The pair can rally at $ 732.
Sellers are likely to have other plans. They will try to stop the rally in the 20-day EMA. If they do that, the pair threatens a fall below the $ 634 support. If that happens, the pair could have fallen to $ 580.
Solana’s price prediction
Solana (Sol) turned up from $ 140 support on June 5, but recovery is likely to face the resistance to 20-day EMA ($ 158).
If the price drops sharply from the moving averages, the Bears will try to tap the SOL/USDT pair below $ 140. If they succeed, the pair may fall to $ 123 and subsequent to solid support at $ 110.
Instead, if the price pierces the moving averages, it is suggested that the bears are losing their grip. The pair can test a rally at the level of $ 185, where sellers are expected to cause a strong challenge.
Related: XRP price will hit $ 25 if ETF is approved, then crash 90%, says the new review
Dogecoin’s price prediction
Dogecoin (Doge) finds support near the level of $ 0.16, but the bulls find it difficult to maintain a higher level.
The downfall of the 20-day EMA ($ 0.19) and the RSI in the negative territory indicate that the bears have one side. Sellers will try to pull the price below $ 0.16, challenging the important support of $ 0.14. Consumers are expected to mounted a strong defense at a level of $ 0.14, keeping the Doge/USDT pair within the range more time.
The longer the price stays within the range, the greater the final breakout from it. An ascending move can start after consumers have pushed the pair above $ 0.26.
Cardano’s price prediction
Cardano’s (Ada) Recovery faces resistance near 20-day EMA ($ 0.69), indicating that bears are selling at rallies.
Bears will try to pull the price below the $ 0.60 level. If they manage to do that, the ADA/USDT pair can retest $ 0.50 support. It is expected that consumers will be keen to defend the level of $ 0.50 as a break below can sink the pair to $ 0.40.
Consumers need to drive the price above the moving averages to gain strength. The pair can climb the downtrend line, which is a critical level to guard. A break and near the top of the downtrend line suggest starting a new move to $ 1.02.
Hyperliquid price prediction
Hyperliquid (hype) rose above the symmetrical triangle pattern on June 9, which signified that the uncertainty was resolved upside down.
If consumers keep the price above the triangle, the Hype/USDT pair can choose momentum and sink to $ 42.50. There is a resistance to $ 40, but it is likely to be crossed. Sellers will try to stop the ascending transfer to $ 42.50, but if the bulls prevail, the pair can rally with the target pattern of $ 46.50.
This optimistic view will be neglected in the near term if the price drops sharply and breaks down the triangle. That suggests a break above the triangle may be a bull trap. The pair could fall at $ 30.50 and eventually to $ 28.50.
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.
