Blog

Bitcoin and Altcoins rebound beyond the war in the Middle East


Basic Points:

  • Bitcoin’s bounce from $ 100,000 shows consumers are dedicated to overarching bull trend.

  • Select the altcoins are broken below the support levels, suggesting additional weaknesses for the mid -cover of the near term.

Bitcoin (Btc) will be held above the psychological support of $ 100,000, but each force will determine if the bullish trend remains intact. Bitmex founder Arthur Hayes sounds positive in an X post, saying that Bitcoin’s weakness must passThere is no doubt about the status of a safe shelter.

Bitcoin -child stability compared to the leading US stocks in the current geopolitical crisis shows that it grows as an asset class. Bitwise Europe Head of Research shared a chart with X, showing 60-day Bitcoin realized volatility at 27-28%.

Dogecoin, cryptocurrencies, dollars, nasdaq, bitcoin prices, bitmex, volatility, XRP, market, United States, cryptocurrency exchange, arthur hayes, cardano, price assessment, binance coin, market analysis, ciinshares, ether price, solana, S&P 500
The data data in the crypto market. Source: Coin360

The failure to break into a new high does not create panic among institutional investors, who continue to buy Bitcoin. Coinhares reported on Monday that the products exchanged by the Bitcoin Exchange (ETP) were witnessed The flows of $ 1.1 billion for the week of trading ends on Friday. The flowers, despite the fall in the price of the area, show that investors are buying in weakness, the report added.

Can sellers return Bitcoin below $ 100,000, or will buyers succeed to push the price higher? How are the altcoins likely to act? Let’s check the charts of the top 10 cryptocurrencies to find out.

S&P 500 Index Price Prediction

The S&P 500 index returned to the 20-day exponential transfer of average (5,950), indicating the sale of bears to 6,000 to 6,147 zones.

SPX DAILY CHART. Source: Cointelegraph/TradingView

If the price sinks and maintains below the 20-day EMA, the index may fall to 50-day simple transfer of average (5,747). Consumers are expected to defend the 50-day SMA with all their strengths as a break below can sink the index to 5,580. The deeper the pullback, the greater the time it takes for the exemplary to continue.

This negative perspective is invalid if the price bounces from 20-day EMA and increases above 6,060. That sets the stage for an all-time retest high to 6,147. A rest above level 6,147 indicates the start of the next leg of climbing to 6,500.

US dollar price price prediction

The Bears’s failure to maintain the price below the support of 97.92 began a bounce, which reached moving averages.

DXY DAILY CHART. Source: Cointelegraph/TradingView

The 20-day EMA (98.92) is uprising, and the positive variation on the signals of the relative index (RSI) reduces the sale of pressure. This increases the likelihood of a break above the 50-day SMA ($ 99.48). If that happens, the index can march at 100.54 and, after which, at 102 resistance.

If the Bears want to maintain control, they need to successfully defend the moving averages and quickly pull the price below the immediate support of 98.48. If they do that, the index can retest important 97.60 support.

Bitcoin’s price prediction

Bitcoin fell under important support of $ 100,000 on Sunday, but the bulls aggressively bought the sink, as seen from the long tail to the candle.

BTC/USDT Daily Chart. Source: Cointelegraph/TradingView

Bulls tried to start a rally but faced sales at a higher level. If the price decreases from the current level or the transfer of averages, the bears will make another attempt to sink and maintain the BTC/USDT pair below $ 100,000. If they could pull it out, the pair could have fallen to $ 93,000.

Contrary to this assumption, if consumers shove the price above the moving averages, the pair can rally in the downtrend line. Sellers are expected to mount a strong zone defense between the downtrend line and all the time high $ 111,980.

Price ether

Ether (Eth) rebounded off $ 2,111 support on Sunday, indicating solid demand at lower levels.

ETH/USDT DAILY CHART. Source: Cointelegraph/TradingView

Bulls are trying to push the price above the breakdown level of $ 2,323 but face significant resistance from the bears. If the price drops from $ 2,323, it increases the risk of a break below $ 2,111. The ETH/USDT pair can fall to $ 1,754.

Buyers are likely to have other plans. They will try to push the price above the 20-day EMA ($ 2,467). If they succeed, it suggests that the level of $ 2,111 is likely to act as a new floor. The pair can rally at $ 2,738.

XRP price prediction

XRP (XRP) fell under $ 2 support on Sunday, but the bulls bought the sink, as seen from the long tail to the candle.

XRP/USDT Daily Chart. Source: Cointelegraph/TradingView

The bears are not likely to give up easily and try to stop the rally rally at 20-day EMA ($ 2.15). If the price drops from the current level or the 20-day EMA, the XRP/USDT pair is at risk of a collapse in support of $ 1.61.

Conversely, a break above the 20-day EMA suggests markets have rejected the rest below the $ 2 level. The pair can rise to 50-day SMA ($ 2.26), extending its stay within a $ 2 to $ 2.65 range for more time.

BNB price prediction

Bnb (Bnb) damaged below the $ 634 support on Saturday, indicating that the bound action was resolved in favor of the Bears.

Bnb/USDT Daily Chart. Source: Cointelegraph/TradingView

The BNB/USDT pair booked from $ 600 support on Sunday, but recovery is expected to face the sale at a breakdown level of $ 634. If the price drops from $ 634, it suggests that the Bears will have to flip the resistance level. This increases the likelihood of a downfall to strong support to $ 580.

Consumers need to push the price above the moving averages to prevent collapse. If they do that, the pair can climb to $ 675.

Solana’s price prediction

Solana (Sol) fell below $ 140 support on Saturday and extended the decline near $ 123 Sunday support.

Sol/USDT Daily Chart. Source: Cointelegraph/TradingView

Consumers are trying to start a recovery, which can deal with sale at a breakdown level of $ 140 and then at 20-day EMA ($ 147). If the price drops from the overhead zone, the bears will try to continue the downtrend. If the $ 123 crack level, the SOL/USDT pair could drop to $ 110.

Instead, if consumers push the price above the 20-day EMA, it indicates solid demand at the lower level. The pair can rally in 50-day SMA.

Related: Will the price of XRP be crashed?

Dogecoin’s price prediction

Dogecoin (Doge) has been oscillating within a large range between $ 0.14 and $ 0.26, indicating the purchase of dips and sale near overhead resistance.

DOGE/USDT DAILY CHART. Source: Cointelegraph/TradingView

The Bulls will try to start a bounce off $ 0.14, but the relief rally is likely to deal with strong sale in 20-day EMA ($ 0.17). If the price drops from the 20-day EMA, the bears will try again to sink the Doge/USDT pair below $ 0.14. If they succeed, the pair can drop to $ 0.10.

Especially, if consumers are driving the price above the 20-day EMA, the pair can climb 50-day SMA ($ 0.19). Sellers will try to defend the 50-day SMA and keep the pair within $ 0.14 to $ 0.21 range.

Cardano’s price prediction

Cardano (Ada) resumed its slide and fell near $ 0.50 support on Sunday. It is expected that consumers will be aggressively defending the level of $ 0.50, as a break below will complete a pattern lowering triangle pattern.

Ada/USDT Daily Chart. Source: Cointelegraph/TradingView

The recovery attempt is likely to deal with the sale in 20-day EMA ($ 0.62). If the price drops sharply from the 20-day EMA, the possibility of a break below the support increase of $ 0.50. The ADA/USDT pair can plunge at $ 0.40.

The first sign of strength will be close to the top of the 20-day EMA. That suggests that the bulls are fiercely protecting the level of $ 0.50. The pair can rise to 50-day SMA ($ 0.70) and eventually in the downtrend line.

Hyperliquid price prediction

Hyperliquid (hype) bounced from the 50-day SMA ($ 32.63) on Saturday and again on Sunday, indicating solid purchases at a lower level.

Hype/USDT Daily Chart. Source: Cointelegraph/TradingView

Sellers are trying to maintain the advantage by stopping recovery at 20-day EMA ($ 36.74). If they manage that, the Hype/USDT pair can retest strong support at $ 30.50. It is expected that consumers will be strongly defending the $ 28.50 to $ 30.50 zone.

Upside down, a break and near the top of the 20-day EMA suggests that the bears are losing their grip. The pair can rise to $ 40 and subsequently to $ 42.50. Consumers are likely to face significant resistance to the $ 42.50 to $ 45.80 zone.

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.