Basic Points:
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Bitcoin remains stuck below $ 105,000 over the weekend, but the downside looks limited.
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Any relief rally in Bitcoin is likely to push ETH, hype, person, and QNT higher.
Bitcoin (Btc) remains stuck below the $ 105,000 level over the weekend, indicating that sellers are maintaining their pressure.
Cryptoquant told its Latest report sent to Cointelegraph That “some of the measure of bitcoin demand can reach a short-term top, which may indicate a pause at the current rally.”
On the downside, analysts look forward to Bitcoin to find psychological support at $ 100,000. Although the cracks level, the downside looks limited. Glassnode data shows the Short -term realized price is at $ 96,000. Historically, Bitcoin has not been maintained below the short -lived price for an extended duration during bull phases.
Bullish views are not limited to bitcoin alone. Select analysts that believe that Ether (Eth) Chart patterns point toward Beginning of the next Altcoin periodThat can trigger a massive rally to the altcoins if history repeats itself.
Can Bitcoin start a rally rally towards $ 109,588, which are higher altcoins? If this is, let’s look at the cryptocurrencies that look strong on the charts.
Bitcoin’s price prediction
Bitcoin collapsed below the 20-day exponential transfer of average ($ 105,232) on May 30, which signed the weakening of the bullish momentum.
Bulls are trying to push the price above the 20-day EMA but likely to deal with the sale at a higher level. If the price drops from the 20-day EMA, the BTC/USDT pair can drop to $ 100,000. It is expected that Bulls will defend the level of $ 100,000 in all they may have due to a fall below can start a downtrend to $ 93,000.
The flat 20-day EMA and the relative power index (RSI) near the midpoint suggests a possible action bound in the scope in the near term. Consumers will have to drive a pair above $ 111,980 to open the doors for a rally up to $ 130,000.
Both moving averages decrease, and the RSI are in the negative territory, indicating a slight edge to the bear. Sellers will try to stop recovery at 20-em. If they manage that, the pair can be down and fall below $ 103,000 support. That removes the path for a slide to $ 100,000.
On the other hand, a break and near the top of the 20-em suggest that the bulls are trying to make a return. The pair can rise to 50-simple transfer of average, which is likely to attract sellers.
Price ether
Ether returned to the 20-day EMA ($ 2,496) after failing to maintain more than overhead resistance of $ 2,738 on May 29.
Consumers have managed to defend the 20-day EMA, but the failure to start a strong rebound increases the risk of a breakdown. If that happens, the ETH/USDT pair may fall to $ 2,323. It is expected that consumers will be keen to defend the level as a break below can deepen the pullback to 50-day SMA ($ 2,133).
Instead, if the price turns sharply from the current level, it suggests buying the dips. The Bulls will then make another attempt to clear the overhead hurdle at $ 2,738. If they succeed, the pair can rally at $ 3,000 and then $ 3,253.
The 4-hour chart shows the pair combined between $ 2,462 and $ 2,738 for some time. The downfall of 20-em and the RSI in the negative signal of the zone with the upper hands. If the $ 2,462 cracks level, the pair could drop to $ 2,323.
Alternatively, if the price turns and breaks above the moving averages, it suggests that the action that is bound can continue longer. Consumers will return to the driver’s seat at a break above $ 2,800.
Hyperliquid price prediction
Hyperliquid (hype) pulled back from $ 40 on May 26 but finds support in 20-day EMA ($ 30.76).
That expresses a positive emotion, in which bulls buy the dips. Bulls need to push the price above $ 35.73 to strengthen their position. If they manage to do that, the Hype/USDT pair can rally at $ 40 and ultimately $ 42.25.
This optimistic perspective will be neglected in the near term if the price decreases from the current level and breaks down below the 20-day EMA. The pair can go down to a breakout level of $ 28.50.
The bulls try to push the pair above 20-eema but face hard resistance from the bear. If the bulls prevail, the pair can move forward with overhead resistance of $ 35.73.
Especially, if the price drops from 20-eum, it is suggested that the bears are trying to manage. The sale can be accelerated at a break and close below $ 30.59. The pair can drop to $ 28.50.
Related: Here’s what happened to Crypto right now
Bittensor’s price prediction
AskPerson) turned sharp from the 50-day SMA ($ 379) on May 31 and reached a $ 495 overhead resist.
Sellers have successfully defended the level of $ 495, but if the price stays above the 20-day EMA ($ 421), it suggests that the bulls are buying the dips. That increases the likelihood of a break and is near above $ 495. If that happens, the human/USDT pair will complete a bullish opposite head-and-shoulders pattern. The pair can rally at $ 589 and eventually at $ 720.
Sellers are likely to have other plans. They will try to pull the price below the 20-day EMA and challenge the 50-day SMA. A break and close to the bottom of the 50-day SMA tilted the advantage in favor of the bears.
The 20-Em began to rotate gradually, and the RSI was close to the middle, signing a slight advantage over the bulls. If the price is bouncing from 20-EMA with strength, the pair can climb to $ 460. Sellers will try to stop the upward transfer to $ 460, but if the bulls have a way, the pair can reach $ 480.
Contrary to this assumption, a break and close to the bottom of the 20-em indicates that the bulls are losing their grip. The pair could fall for $ 396 and then at $ 366.
Price volume
Volume (QNT) turned away from $ 120 on May 28, but the pullback finds support in 20-day EMA ($ 101).
The irritating transition of the averages and the RSI to the positive territory suggests the path of at least resistance is upside down. If consumers are driving the price above $ 120, the QNT/USDT pair can rally at $ 142. There is a resistance to $ 124, but it is likely to cross.
Conversely, if the price decreases and breaks down the 20-day EMA, it indicates that the bears are gaining control. It opens the doors for a fall in 50-day SMA ($ 87).
The 20-Em is flatten out, and the RSI is close to the middle, suggesting a balance between supply and demand. Consumers need to push the price above $ 113 to occupy control. The pair can rally at $ 120.
The first sign of weakness will be a break and close to the bottom of the 50-sma. This increases the risk of a fall below the $ 103 support. If that happens, the pair can leak to solid support at $ 92.
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.
