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Bitcoin Bulls should carry $ 110,000 or Altseass


Main points:

  • The sale of Bitcoin is mainly attributed to great sales by whales, not an opportunity in the BTC market structure.

  • Despite the sharp market correction, ETHER and BNB are still strong on the charts.

Bitcoin (BTCThe bulls defend $ 110,530, but the bears maintained pressure. Coinshares mentioned 1 billion dollars in net external flows Of BTC Tranked Traded products last week.

It seems that the interest of the investor turns from BTC to the ether (Eth). ETP ETPS witnessed a martyr of $ 2.5 billion in flows, while BTC witnessed a billion dollars in external flows.

Crypto Intelligence Arkham data has shown to X by Lokonchain Analysis account that a The whale entity deposited around 22,769 BTC (2.59 billion dollars) for the Hype for sale, then bought $ 472,920 ETH ($ 2.22 billion) in the period and opened $ 135,265 ETH ($ 577 million).

Daily encryption market data. source: Coin360

In contrast, Michael Sailor’s strategy is the largest carrier in the world BTC, Buy 3,081 BTC for 356.9 million dollarsPromote the company’s BTC’s bodies to 632,457 BTC, according to the US Securities and Stock Exchange Commission report on Monday.

Can buyers keep BTC above its decisive support? Can the ETCOIN force can lead to altcoin? Let’s analyze the plans from the 10 best encrypted currencies to discover this.

S & P 500 predicts the price of the index

The S&P 500 (SPX) has increased sharply from the SISISESER medium for 20 days (6,392) on Friday, indicating solid purchases on the decreases.

Daily SPX scheme. Source: CointeleGRAPH/TradingView

Buyers will try to strengthen their position more by paying the price above 6581. If they can withdraw it, the index can collect to 6696.

Although this trend remains, the RSI is a flashing signs of negative difference. This indicates that the bullish momentum weakens. Bears will have to withdraw and keep the price less than EMA for 20 days to accelerate the sale. The index can then sink to the 6,147 penetration level.

Predicting the price of the US dollar index

The US dollar index (DXY) rose over the moving averages on Thursday, but the highest levels attracted a strong sale by the bears.

DXY Daily Planner. Source: CointeleGRAPH/TradingView

The moving averages gradually fall, and RSI is just less than the point point, indicating a simple feature of the bears. If the price decreases less than 97.50, the next station may be 97 and 96.37.

Buyers will have to pay the price at a higher level of 99 to the signal strength. The index may then rise to 100.50, as the bears are expected to enter. However, if buyers penetrate the resistance 100.50, the march may extend to the level of 102.

Bitcoin prediction

BTC fell near the decisive support of $ 110,530 on Monday, but a simple positive is that the bulls keep the level.

BTC/USDT Daily Chart. Source: Cointelegraph/Tradingvief

You will have any attempt to recover a strong sale in EMA for 20 days ($ 115,639). If the price decreases from EMA for 20 days, the risk of a break is lower than $ 110,530. If this happens, the BTC/USDT pair can stumble to $ 105 and then to the psychological level of $ 100,000.

On the contrary, if the price exceeds 117,500 dollars, it indicates the composition of the potential domain. Bitcoin price can swing between $ 11,530 and 124,474 dollars for a period of time.

Predicting the price of ether

ETH rose to a new rise at an ever of $ 4,956 on Sunday, but the bulls could not maintain the highest levels.

Eth/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The price was withdrawn on Monday, indicating the profit reservation by traders in the short term. The ETH/USDT pair can decrease to EMA for 20 days ($ 4,349), a vital level that must be paid attention to. If the price of the EMA is fresh for 20 days strongly, the Bulls will make another attempt to pay the pair over $ 5,000. If they succeed, the ether price may rise to $ 5500.

On the contrary, a break less than 20 days of EMA can sink the price of ether to basic support at $ 4,060.

XRP prediction price

Xrp (XrpIt was formed a descending triangle style, which will be completed at a break and closes less than $ 2.73.

XRP/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The EMA system does not give 20 days ($ 3.04), and RSI below the center point, a clear advantage either for bulls or bears. If the price decreases from the EMA for 20 days, the sellers will try another attempt to dump the price of XRP less than $ 2.73. If they can do this, the husband may decrease to $ 2.33.

The declining setting will be canceled in a break and closing over the dumping trend line. The price of XRP can rise to $ 3.40 and then to $ 3.66.

Predicting BNB Price

BNB (BNBIt rose to the highest new level ever on Friday, indicating that the bulls are firmly controlled.

BNB/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The profit booking near 900 dollars withdrew the price to the level of penetration of $ 861, a decisive level that must be paid attention to. If the price increases from $ 861 and breaks over 900 dollars, the BNB/USDT pair may rise about $ 1,000.

The sellers will have to withdraw and maintain the BNB price less than EMA for 20 days ($ 838) to weaken the upscale momentum. The gates can be opened to correct SMA for 50 days ($ 779).

Predicting at the price of Solana

Solana (TellerHe faces resistance at the level of 210 dollars, but the positive sign is that the bulls did not give up much of the land to the bears.

Sol/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The shape of the Sol/USDT pair shape is a triangle style, which will be completed in a break and closes more than $ 210. In the event of this, the Solana price can start the next station from moving to $ 240 and then to the goal of the style of $ 265.

This positive offer will be nullified in the short term if the price continues to decline and collapses below the upper direction line. The husband can decrease to $ 155, as buyers are expected to intervene.

Related to: XRP price failed to overcome $ 3: Is production still possible?

Predicting the price of Dogecoin

Dogecoin (DodgeShe appeared sharply from $ 0.21 on Friday and fracture over EMA for 20 days ($ 0.22). However, the bulls could not maintain the highest levels.

Doge/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA indicates 20 days and RSI near the center point a balance between supply and demand. This can maintain a DOGE/USDT pair within a 0.21 dollar range and $ 0.26 for another a few days.

The first mark will be a break and close more than $ 0.26. The price of Dogecoin may rise to $ 0.29. A break and closing more than $ 0.29 will open the doors to a height to $ 0.35. On the negative side, a slice less than $ 0.21 can sink the pair to $ 0.19 and then to $ 0.16.

Cardano prediction

Cardano (LeadHe bounced from EMA for 20 days ($ 0.86) on Friday, but the bulls are struggling to maintain the highest levels.

ADA/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Each of the moving averages descends, which indicates an advantage for buyers, but the negative difference on RSI indicates that the bullish momentum slows down. If the price is closed less than EMA for 20 days, the risk of decreasing less than SMA for 50 days ($ 0.80) increases. ADA/USDT’s pair may descend to $ 0.70.

Buyers will have to lead Cardano price higher than $ 1.02 resistance to resume moving up to about $ 1.17.

ChainLink price prediction

ChainLink (connectionIt refused from $ 27 on Saturday, indicating that the bears are strongly defending the level.

Link/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Sellers will try to pull the price to EMA for 20 days ($ 23.37), a decisive level that must be paid attention to. If the EMA USDT/USDT refreshes for a 20 -day force, the bulls will make another attempt to purify the Alawite obstacle. If they can do this, the price of Chainlink may rise to $ 31.

Unlike this assumption, EMA breaks and closing for 20 days indicates that the bulls rush to the exit. The correction can be deepened to $ 20.84.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.