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Altseason begins while Bitcoin rises above $ 118,000


Main points:

  • Bitcoin is still strong as long as it remains over $ 110,530.

  • Bitcoin Bracking to New Lights attracted the purchase in the chosen altcoins such as ETH, Hype, UNI and Sei.

Bitcoin (BTCIt was on a roll, as more than $ 11,800 rose on Friday, indicating a sustainable purchase by bulls and a short cover by the bears. COININASS data shows almost that $ 570 million in short positions BTC It was filtered on Thursday.

Another positive is that the boxes circulated on the stock exchange in the United States witnessed The second largest daily flow of $ 1.17 billion On Thursday, according to Farside Investors data. This indicates that institutional investors expect the BTC movement to continue.

Current currencies, bitcoin price, markets, United States, cryptocurrency exchange, price analysis, market analysis, ether price, Uiswap, bitcoin etf, ETF
Daily encryption market data. source: Coin360

The market analyst Axel Adler JR said in a publication on X that studying the market value of the verified value of the achieved value (MVRV) and its data over the past four years show that the distribution begins when MVRV strikes a mark 2.75. Which – which Nearly $ 130,900 corresponds to bitcoin.

Could Bitcoin extend in the direction of ascension, which leads to a higher altcoins withdrawal? Let’s analyze the plans from the 5 best encrypted currencies that look strong on the charts.

Bitcoin prediction

BTC completed a reverse pattern of the head and shoulder (H&S) after it was broken over the neckline on Thursday.

BTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Usually, after collapse of the style, the price rejects and re -test the level of hacking. If the BTC/USDT pair recovery from the neckline, it indicates that the bulls have turned on the level to support. This increases the possibility of the upward trend towards the target of $ 150,000.

The first sign of weakness will be a break and closed below the neckline. The profit signals are at the highest levels. Bears will withdraw the price less than the simple moving average for 50 days (106,981 dollars) for the upper hand.

BTC/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The price increased sharply from $ 110,530 and broken over the neckline. The UP Movement has pushed the RSI to the peak area on the graph for 4 hours. This increases the possibility of a short -term correction or monotheism. If the price keeps the neck line, the upward trend may reach $ 123,000.

This optimistic view will be canceled in the short term if the price decreases sharply and the support of $ 110,530 reduces.

ETH price prediction

Ether (EthIt rose sharply from EMA for 20 days (2,613 dollars) on Tuesday and rose over the resistance of $ 2,879 on Thursday.

Eth/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA appeared for 20 days, and RSI in the peak purchase area, indicating that the bulls have the upper hand. There is a simple resistance at $ 3,153, but if the level is crossed, the ETH/USDT pair may rise to $ 3400 and then to 3,750 dollars.

The first support on the downside is $ 2,879 and $ 2733. The sellers will have to withdraw the price less than $ 2,733 for aggressive bulls. Until then, every simple retreat is likely to be seen as a chance to buy.

Eth/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The relative strength index jumped on the graph for 4 hours to the peak area, indicating uniformity or short -term correction. The husband can retreat to $ 2879, where buyers are expected to intervene. If the price rises 2,879 dollars by force, it indicates that the bulls are trying to turn the level to support. This improves the possibilities of continuing the upward trend.

Short -term buyers can book profits if the price decreases to less than $ 2,879. The husband may go down to 20-ema.

The noise prediction

The liquid (noise) of SMA was recovered for 50 days ($ 37.66) on Tuesday and got a momentum after breaking it over EMA for 20 days ($ 39.69).

Hype/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA indicates a period of 20 days and RSI near the excessive area that is purchased that the lower resistance path is the upper direction. If buyers maintain the price of more than $ 45.80, the H&S style will be nullified. The failure of the declining setting is a bullish mark, which can start the price to $ 50 and then to $ 60.

The sellers will have to get rid of the price less than 50 days to stop the bullish momentum. The noise pair/USDT may descend to $ 30.70.

Hype/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The husband is witnessing a difficult battle between bulls and bears at the level of $ 45.80. If the price decreases, it is possible to find support at the 38.2 % redemption level of Fibonacci of $ 42.83 and then at 20-Daya. The strong bounce is more than 20-special from the possibility of a break above $ 46.46. The husband may then rise to $ 50.

On the contrary, a break and closure of less than 20-feature indicates that the bulls reserve profits. The pair may descend to 50 semen and then to $ 37.

Related to: Here is what happened in Crypto today

UNI prediction price

UNISWAP (UniA series of upper altitudes and higher declines has been formed, indicating a possible change.

UNI/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Each of the moving averages descends, and RSI in the positive area, indicating that buyers have the edge. There is resistance at $ 8.64, but closing over it opens the doors to prepare to $ 10.36. The sellers will try to stop the gathering at $ 10.36, but if buyers do not allow the price to less than $ 8.64 on the way, the UNI/USDT pair may rise to $ 13.

This bullish opinion will be nullified in the short term if the price rejects and reduces SMA for 50 days ($ 7).

UNI/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The husband separated from $ 8.64, indicating the UP movement. If the price keeps more than $ 8.64, the husband may rise to $ 10.

Sellers may have other plans. They will try to withdraw the price below the level of penetration of $ 8.64. If they can withdraw it, the husband can slip to 20-day. Rowst strong off 20-ema, purchase indicates declines. The bulls will again try to resume the upward trend.

The sale can accelerate if the price is rejected and less than 20-day is broken. It can sink the pair to 50-SMA.

SEI price prediction

Sei (bad(EMA appeared in a period of 20 days ($ 0.26) on Thursday and reached the public resistance of $ 0.34.

SEI/USDT Daily Chart. Source: CointeleGRAPH/TradingView

EMA refers to 20 days and RSI in the peak peak area is an advantage for buyers. The closure can start over a $ 0.34 resistance in the next stage of the upward trend about $ 0.44.

Immediate support on the downside is $ 0.29. If the price decreases from $ 0.34 but finds support at $ 0.29, it indicates that positive feelings are still intact. The bulls will again try to lead the Sei/USDT husband over the public resistance. The sellers will have to withdraw the price less than EMA for 20 days to indicate a return.

SEI/USDT scheme for 4 hours. Source: CointeleGRAPH/TradingView

The graph shows for 4 hours that the husband has set out from $ 0.24 to $ 0.34, but the bulls are struggling to maintain higher levels. The excessive peak level on RSI proposes correction or uniformity in the short term. If the price appears from the current level or $ 0.31, the bulls will try again to pay about $ 0.44.

On the contrary, a break and closing less than $ 0.31 can sink the husband to $ 0.29. This indicates that the pair may remain within the scope of $ 0.24 to $ 0.34 for a longer period.

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.