Bitcoin price inches closer to the new all-time high as eth, Doge, Pepe and Atom Rally

Basic Points:

• Bitcoin holds its recent gains, increasing the likelihood of an all-time retest high to $ 109,588.

• The Blackrock Bitcoin ETF spot recorded 19 days of a series of flow, showing stable demand.

• Select the altcoins show strength, which is broken into their large basing patterns.

Bitcoin (Btc) Make a decisive move above the psychological level of $ 100,000 on the week, which signed that the bulls are back in the game. Consumers are trying to hold 10% weekly acquisitions over the weekend.

The Bitcoin rally was backed by a solid flow to the blackrock spot bitcoin exchange-traded fund (IBIT). According to Farside’s investors data, the fund has been stretched out of its 19 days, including the latest trade week Attracting $ 1.03 billion in flows.

The rally is not limited to bitcoin alone, as some altcoins also move higher. That motivated analysts to express the start of an altseason, along with some The prediction of sharp rallies to the altcoins In the next few months. However, not everyone believes that an altseason has begun because altcoins only produce moderate moves compared to massive erosion prices from their high times.

Can Bitcoin break into a new all-time high and maintain it? If this is, we will study the charts of cryptocurrencies that can move higher in the near term.

Bitcoin’s price prediction

Bitcoin is slowly entering towards a full time of $ 109,588, indicating that the bulls are not in a hurry to book a revenue.

The rally pushes the KaMag -child of strength index (RSI) into the overbought zone, suggesting a correction or integration -with the near term. Any pullback is expected to find support between $ 100,000 and the 20-day exponential transfer of average ($ 96,626). If the price reblogles the support of the zone, it increases the likelihood of a break above $ 109,588. If that happens, the BTC/USDT pair can move forward to $ 130,000.

Time is running out for bears. If they want to make a comeback, they will need a fast yank price below the 20-day EMA. If they succeed, the pair may fall into a 50-day simple transfer of average ($ 88,962).

The pair continues to climb higher, but the Bears are expected to defend the $ 107,000 to $ 109,588 zone. If the price decreases from the overhead zone, the 20-EMA is likely to act as strong support. A bounce off the 20-em signal that the bullish momentum remains intact. It enhances the prospects of a breakout above $ 109,588.

Sellers will have to spend a price below $ 100,000 to soften the positive momentum. It opens the doors for the fall to $ 93,000 and subsequently to $ 83,000.

Price ether

Ether (Eth) Skyroketed from $ 1,808 on May 8 to $ 2,600 on May 10, indicating aggressive purchase of bulls.

The uphill move pushed the RSI into excessive territory, indicating a minor pullback or integration was possible in the near term. The first downside support was $ 2,320 and then $ 2,111. If the price turns from support levels, the ETH/USDT pair can extend the rally to $ 2,850 and later to $ 3,000.

The optimistic view is invalid in the near term if the price breaks below $ 2,111. That could result in a setting range between $ 1,754 and $ 2,600.

Bulls pushed the price above $ 2,550 resistance but could not maintain a higher level. A minor positive in favor of Bulls does not notice many places in the bear. That suggests that the bulls hold their positions as they expect to continue to continue. If the price turns from the current 20-eema level and breaks above $ 2,609, the rally can reach $ 3,000.

A deeper correction can start if the price continues to lower and plummets below 20-eum. That could sink the pair to solid support for $ 2,111.

Dogecoin’s price prediction

Dogecoin (Doge) enlarged above the $ 0.21 overhead resistance on May 10, indicating a change in short -term trend.

The rally faces sale at $ 0.26, which could result in a breakout level retest of $ 0.21. If the price bounces $ 0.21 with strength, it suggests a change in emotion from selling to purchase rallies on dips. That increases the likelihood of a rally at $ 0.31.

If consumers want to avoid reversed, they will need to pull the price below the 20-day EMA ($ 0.19). If they do that, the DOGE/USDT pair can swing within a large range between $ 0.26 and $ 0.14 for a while.

The pair turned away from $ 0.26, with immediate support of $ 0.22 and then at $ 0.21. If the price scratches the zone support, it suggests a positive emotion where the dips are purchased. The Bulls will then try again to continue the pursuit by pushing the price above $ 0.26.

Conversely, a drop below $ 0.21 signal that bulls rush to the exit. That can pull the price to 50-day SMA.

Related: Ethereum up to $ 10k ‘cannot be ruled

PEPE PRICE

Plane (Pepe) rallied strongly from 50-day SMA ($ 0.000008) and broke above $ 0.000011 overhead resistance on May 8.

The rally pushed the RSI into the overbought zone, signing a pullback may be around the corner. PEPE/USDT pair can go down the breakout level of $ 0.000011. If the price bounces at $ 0.000011, it suggests that the bulls are that the support level will be. That improves prospects for a rally at $ 0.000017 and then at $ 0.000020.

This optimistic perspective will be neglected in the near term if the price decreases and breaks down the 20-day EMA ($ 0.000009).

The 4 -hour chart shows that the Bears are aggressively defending the level of $ 0.000014. That can pull the price up to 20-em, which is an important level to keep an eye on. If the price scratches at 20-eph, the Bulls will make another attempt to deliver the pair above $ 0.000014. If they can pull it out, the pair can climb to $ 0.000017.

Conversely, a break and close to the bottom of the 20-em can sink the pair to $ 0.000011. It is expected that consumers will defend the level of $ 0.000011 in all they may due to a slide below can expand the pullback to 50-sma.

Cosmos price prediction

Cosmos (Atom) exploded on a large base when it was closed above $ 5.15 on May 10. indicating a potential change in trend.

However, bear are not likely to give up easily. They will try to pull the price below the $ 5.15 level. If they manage that, aggressive bulls can be jailed, pulling the price to moving averages.

Alternatively, if consumers maintain the price above $ 5.15, the atom/USDT pair can choose momentum and rally at $ 6.50. Sellers will try to stop moving up to $ 6.50, but if the Bulls prevail, the pair can rally at $ 7.50.

The sharp rally pushed the RSI into the overbought zone in the 4-hour chart, suggesting a short-term correction or integration. Bulls need to defend the critical level of $ 5.15 if they want to keep the positive momentum intact. If they manage that, the pair can rally for $ 6.60.

Especially, a break and near the bottom of $ 5.15 can pull the price up to 20-ep. This is an important level to watch out as a break below can sink the pair to $ 4.70.

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.