Key points:
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Bitcoin rallied above $113,000 on Friday, but the long wick on the candlestick shows solid selling at higher levels.
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Several major altcoins are trying to hold on to their support levels, but the bears have maintained their selling pressure.
Sellers pulled Bitcoin (BTC) below $110,000 on Thursday, but the bulls purchased the dip and pushed the price above $113,000 on Friday. Higher levels attracted selling by the bears trying to pull the BTC price back below $110,000.
According to Glassnode’s latest The Week Onchain Report, BTC’s crucial level to watch on the upside is $116,000. If buyers pierce the $116,000 resistance, BTC could start the next leg of the uptrend. On the other hand, BTC risks falling to the $93,000 to $95,000 range if the $104,000 level cracks.
Alphractal founder and CEO Joao Wedson said in a post on X that BTC’s fractal cycle may end in October 2025, but before that, a move to $140,000 is possible. If BTC tops out in October, it risks entering a bear market in 2026, which could pull the price below $50,000. Wedson added that he was eager to see if BTC’s 4-year cycle had ended due to strong demand from exchange-traded funds and institutional investors, as some analysts claim.
What are the crucial support levels to watch out for in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC bulls pushed the price above the 20-day exponential moving average ($112,093) but could not sustain the higher levels.
Sellers will have to swiftly tug the price below $109,000 to retain the advantage. The Bitcoin price may then descend to $107,250, a vital level to watch out for. If the support breaks down, the BTC/USDT pair may plunge to $105,000 and then to $100,000.
Buyers will have to push and sustain the price above the 20-day EMA to indicate strength. The pair may then climb to the 50-day simple moving average ($115,304), which could attract sellers. If buyers overcome the sellers, the rally could reach $120,000 and eventually $124,474.
Ether price prediction
ETH (ETH) has been trading in a tight range between $4,500 and $4,250 for the past few days, indicating a balance between supply and demand.
The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price rises above $4,500, it suggests the bulls are back in the game. The ETH/USDT pair may rally to $4,664 and then to $4,957.
Alternatively, if the price continues lower and slips below $4,250, the pair could dip to the breakout level of $4,094. Buyers are expected to vigorously defend the $4,094 level because a break below it may sink the Ether price to $3,745.
XRP price prediction
XRP (XRP) has formed a descending triangle pattern, which will complete on a break and close below $2.73.
The downsloping 20-day EMA ($2.90) and the RSI just below the midpoint indicate an advantage to sellers. If the price turns down sharply from the 20-day EMA, the risk of a break below $2.73 increases. The XRP/USDT pair could then plummet toward $2.20.
Contrarily, a break above the 20-day EMA suggests the bears are losing their grip. The XRP price may then reach the downtrend line, where the bears are expected to mount a strong defense. A break and close above the downtrend line negates the bearish setup, clearing the path for a rally to $3.40 and then $3.66.
BNB price prediction
BNB (BNB) has been witnessing a tough battle between the bulls and the bears at the 20-day EMA ($848).
The flattish 20-day EMA and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. If the price skids below $840, the next stop could be the 50-day SMA ($816). Buyers will try to stall the pullback in the zone between the 50-day SMA and the $794 level.
The first sign of strength on the upside will be a break and close above $881. That suggests the bulls are back in the driver’s seat. The BNB price could pick up momentum above $900 and rally to $1,000.
Solana price prediction
Solana (SOL) turned down from the $210 level on Thursday but is taking support at the 20-day EMA ($198).
The bulls will try to seize control by pushing the price above the $218 resistance. If they can pull it off, the SOL/USDT pair will complete a bullish ascending triangle pattern, starting the next leg of the up move to $240 and eventually to $260.
Sellers will have to yank the price below the uptrend line to invalidate the bullish setup. The pair may fall to $175 and then to $155, where buyers are expected to step in. That could keep the Solana price inside the $155 to $218 range for a few days.
Dogecoin price…
cointelegraph.com