Basic Points:
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Bitcoin prepares for an expansion range in the next few days, and the trend favors bulls.
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ETH, BNB, Avax, and Penguin are looking for a set for a possible reversed move.
Bitcoin (Btc) failed to break above $ 120,000, but a positive sign was that the bulls did not give much land to the bear. Investors have resumed pouring money on funds exchanged by BTC, who witnessed net inflows in the past three days of trading, according to Farside investors Data.
American and hedge billionaire manager Ray Dalio told a look at the master investor’s podcast that A 15% allocation to BTC Or gold can optimize the “best-pile of return ratio,” and act as a fence against the lowering of fiat.
Incorporating BTC near the highs changed the focus of investors toward Ether (Eth) and other select altcoins. Treasury dedicated to Ether Companies get about 1% of the total ETH supply since the beginning of June, and that number could rise to 10x from the current levels, according to a new report from the standard chartered shared with cointelegraph.
Many others Companies have expressed plans To add select Altcoins in their Treasurysuggests an increase in institutional interest.
Let’s check the charts of the top 5 cryptocurrencies that look strong on charts in the near term.
Bitcoin’s price prediction
Consumers have repeatedly failed to push BTC above $ 120,000 resistance, indicating a lack of demand at a higher level.
The irritating 20-day simple moving average ($ 118,170) and the relative index index (RSI) in the positive territory enhances the prospects of an inverted breakout. If consumers overcame the barrier to $ 123,218, the BTC/USDT pair could sink to $ 135,729 and then to the target pattern of $ 150,000.
Conversely, if the price drops and breaks down $ 115,000, it suggests booking short-term entrepreneurs. The pair can dip in the neckline of the opposite head-and-and-shoulder pattern and then at $ 110,530. It is expected that consumers will defend the $ 110,530 level at all they may due to a break below it increases the risk of a fall to $ 100,000.
Both moving averages were flatten on the 4-hour chart, and the RSI was just below the midpoint, which signed a balance between supply and demand. A break and near the top of $ 120,000 suggests that the bulls are trying to supervise. The pair can challenge the $ 123,218 overhead resist.
On the downside, a break and close below $ 114,723 changes the balance in favor of the bears. That can pull the pair with solid support for $ 110,530.
Price ether
ETH has dropped from $ 3,941, but Bulls are trying to keep the price above $ 3,745. That suggests that the bulls are trying to flip the support level.
The irritating 20-day SMA ($ 3,473) and the RSI in the overbought zone signal are an advantage over consumers. If the price turns and breaks above $ 3,941, the ETH/USDT pair can challenge the $ 4,094 level. Sellers are expected to defend the level of $ 4,094 as a break and near the top can push the pair to $ 4,868.
This positive outlook is not valid in the near term if the price drops and breaks down the 20-day SMA. If that happens, the pair can insert a deeper correction towards $ 3,250.
The price has boosted from $ 3,745 support, but Bulls could not cover the obstruction to $ 3,941. That pulled the pair to $ 3,745 levels. A break and close to the bottom of $ 3,745 could have touched aggressive bulls, pulling the pair to $ 3,500. Consumers are expected to defend the $ 3,500 level as a break below can start a deeper correction towards $ 3,250.
Bulls need to push the price above $ 3,941 to occupy control. The pair can sink to $ 4,094, where the bears are expected to enter.
BNB price prediction
Bnb (Bnb) Returned from $ 861 on Monday, indicating the reservation of income of short -term consumers.
The BNB/USDT pair can sink at a breakout level of $ 794, which is an important level of support to guard. If the price bounces at $ 794, it suggests that the bulls are that the support level will be. Which improves prospects of a break above $ 861. If that happens, the pair can rally at $ 900 and eventually to $ 1,000.
Alternatively, a break and near the bottom $ 794 signal that the bulls shut their positions easily. The pair can plunge at $ 761, a critical level to defend the bulls.
The pair drops below the 20-sma in the 4-hour chart, indicating the sale at a higher level. The pair can fall to 50-sma, which is a critical level to guard. A break and close to the bottom of the 50-pm can sink the pair to $ 761.
On the other hand, a solid bounce off 50-smma suggests demand at a lower level. Bulls will try to push the price above 20-smma. If they succeed, the pair can retest $ 861 resistance. A break and close to the top of $ 861 can start with the next Uptrend leg for $ 900.
Related: Bitcoin analysts said it should happen for BTC prices to hit new highs
Avalanche’s price prediction
Avalanche (Avax) has been combined with between $ 15.27 and $ 27.38 for a few weeks, indicating the purchase of dips and sale at rallies.
The irritating 20-day SMA ($ 23.52) and the RSI in the positive zone suggest that consumers have the upper hand. If the bulls pierce the $ 27.38 resistance, the AVAX/USDT pair may start a new move. The pair can rally at $ 36 and then to the target goal of $ 39.49.
Especially, if the price drops and breaks down the 20-day SMA, it suggests that the Bulls surrender. That could sink the pair to 50-day SMA ($ 20.48), extending the stay within the range for more time.
The pair turned hard from $ 27.38 and broke below the 50-sma in the 4-hour chart. That suggests that the bulls rush to the exit. That could sink the pair to $ 23, which is expected to act as strong support.
If the price turns from $ 23 and breaks above the 20-smma, it suggests a solid purchase at a lower level. Bulls will try to push the pair to $ 27.38. A rest and near above overhead resistance can start with the next leg of upward move.
PUDGY PENGUINS PRICE Prediction
PUDGY PENGUINS (Pledge) rallied strongly in recent days, but the bulls face significant resistance to $ 0.046.
The irritating transfer of the averages and the RSI to the positive territory suggests that consumers have a side. If consumers are driving the price above $ 0.046, the PENGU/USDT pair may start with the next UP leg transfer to $ 0.054 and later at $ 0.065.
The 20-day SMA ($ 0.033) is the important support to guard the downside. A break and near the bottom of the 20-day SMA indicates that the bulls booked the income. That could sink the pair to $ 0.028.
The price turned away from $ 0.046 overhead resistance and broke below the 50-sma in the 4-hour chart. The next downside support is at $ 0.035. If the price bounces at $ 0.035, it indicates demand at the lower level. That could keep the pair stuck within a range between $ 0.035 and $ 0.046 for some time.
The bears will get the upper hand at a break and close below $ 0.035 support. It opens the doors for a decline of $ 0.028.
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.
