Key points:Bitcoin booked a 10% gain in the past week and technical indicators remain bullish going into a new week.Analysts expect Bitcoin to gain an
Key points:
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Bitcoin booked a 10% gain in the past week and technical indicators remain bullish going into a new week.
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Analysts expect Bitcoin to gain an additional 40% by the end of the year
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Select altcoins are showing a positive bias on improving crypto sentiment.
Bitcoin (BTC) rose more than 10% this week as buyers made a strong comeback, pushing the price to the overhead resistance at $95,000. Although buyers are struggling to clear the overhead hurdle, a positive sign is that they have not given up much ground to the bears.
The sharp up move is backed by solid buying in the US spot Bitcoin exchange-traded funds (ETFs), which witnessed inflows of $3.06 billion, according to Farside Investors data. Bloomberg ETF analyst Eric Balchunas said in a post on X that it was really notable to see “HOW FAST the flows can go from 1st gear to 5th gear.”
After Bitcoin’s recovery, 21st Capital co-founder Sina said in a post on X that Bitcoin reclaimed the power-law price. Sina’s Bitcoin Quantile Model projects Bitcoin to reach between $130,000 and $163,000 before the end of 2025. Anonymous Bitcoin analyst apsk32 had an even bigger target of more than $200,000 for Bitcoin in Q4 of this year.
Could Bitcoin maintain its momentum and rise above the overhead resistance? Let’s study the charts of the cryptocurrencies that look strong in the near term.
Bitcoin price prediction
Bitcoin has been witnessing a tough battle between the bulls and the bears near the crucial $95,000 level.
The upsloping 20-day exponential moving average ($88,619) and the relative strength index (RSI) near the overbought zone indicate that bulls are in command. A close above $95,000 could propel the BTC/USDT pair to $100,000 and eventually to $107,000. Sellers are expected to aggressively defend the zone between $107,000 and $109,588.
The 20-day EMA is the critical near-term support to watch out for because a break below it brings the large $95,000 to $73,777 range into play.
The 4-hour chart shows the bears are fiercely defending the $95,000 level but are struggling to sink the pair below the 20-EMA. If the price rebounds off the 20-EMA, it enhances the prospects of a break above $95,000. The pair could then surge to $100,000.
Instead, if the price maintains below the 20-EMA, the pair could tumble to the 50-simple moving average. This is an important level for the bulls to defend because a break below it could pull the pair to $86,000.
Sui price prediction
Sui (SUI) has been facing resistance near $3.90, but the shallow pullback suggests that the bulls are in no hurry to dump their positions.
If the price stays above the 38.2% Fibonacci retracement level of $3.14, the bulls will make another attempt to shove the SUI/USDT pair above $3.90. If they can pull it off, the pair may skyrocket to $4.25 and then to $5.
Contrary to this assumption, if the price turns down and breaks below $3.14, it signals the start of a deeper correction toward the 50% retracement level of $2.94. Buyers are expected to fiercely defend the zone between $2.94 and the 20-day EMA ($2.69).
The 4-hour chart shows that the pair is finding support at the 20-EMA, but the sellers are active at higher levels. The bears will again attempt to sink the pair below the 20-EMA. If they succeed, the pair could slump to $3.14.
Buyers will have to swiftly push the price above the $3.81 to $3.90 overhead resistance zone if they want to retain the advantage. If they do that, the pair could start the next leg of the up move to $4.25.
Avalanche price prediction
Avalanche (AVAX) has been range-bound between $23.50 and $15.27 for the past few days. In a range, traders usually buy near the support and sell close to the resistance.
Although buyers have failed to push the price above $23.50, a positive sign is that they have not ceded much ground to the bears. That increases the likelihood of a break above $23.50. If that happens, the AVAX/USDT pair will complete a double-bottom pattern, which has a target objective of $31.73.
This optimistic view will be negated in the near term if the price turns down and breaks below the moving averages. The pair may then remain stuck inside the range for a few more days.
The pair has been consolidating in a narrow range between $21.60 and $23.10 for some time. That suggests the bulls are holding on to their positions as they anticipate another leg higher. If buyers propel the price above $23.10, the pair could surge to $25. There is resistance at $23.50, but it is likely to be crossed.
Alternatively, a drop below $21.60 signals that the bulls have given up. That may pull the price down to $19.50.
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cointelegraph.com