Bitcoin (BTC) has been trading in a tight range for a few days, but a minor positive is that the bulls have kept the price above $83,000. Usually, a l
Bitcoin (BTC) has been trading in a tight range for a few days, but a minor positive is that the bulls have kept the price above $83,000. Usually, a low volatility period is followed by a range expansion, but it is difficult to predict the direction of the breakout with certainty.
Cryptocurrency analysts remain bullish on Bitcoin’s prospects because gold’s rally in 2017 and 2020 was followed by a sharp rise in Bitcoin’s price. Theya head of growth Joe Consorti said in a post on X that Bitcoin follows gold with a lag of roughly 100 to 150 days.
If Bitcoin moves as per Consorti’s expectations, a new all-time high could be hit between Q3 and Q4 of 2025. On similar lines, trading and analytics account Cryptollica projected a medium-term target of $155,000 for Bitcoin.
Along with Bitcoin, analysts are also bullish on altcoins. Swiss bank Sygnum said in its Q2 2025 investment outlook that improved regulations for crypto use cases have prepared the ground for a strong altcoins rally in the second quarter, as “none of the positive developments have been priced in.”
Could Bitcoin and the altcoins break above their respective overhead resistance levels and start a recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin has been trading between the 20-day exponential moving average ($83,463) and the 200-day simple moving average ($87,857), indicating a tough battle between the bulls and the bears.
If the 20-day EMA cracks, the selling could pick up, and the BTC/USDT pair may slide to $78,500 and then to $73,777. Buyers are expected to defend the $73,777 level with all their might because a break below it may signal the start of a downtrend.
On the contrary, a break and close above the 200-day SMA indicates that the corrective phase may be over. The pair could climb to $95,000 and eventually to the psychologically critical level of $100,000.
Ether price analysis
Ether (ETH) has been trading between the $1,368 support and the $1,754 resistance, indicating indecision between the bulls and the bears.
The downsloping moving averages and the RSI in the negative territory suggest a slight edge to the sellers. If the price slips below $1,471, the ETH/USDT pair could descend to $1,368. Buyers are expected to vigorously defend the $1,368 support because a break below it may sink the pair to $1,150.
On the upside, the bulls are likely to face stiff resistance in the zone between the 20-day EMA ($1,676) and $1,754. A break and close above the resistance zone could propel the pair to the breakdown level of $2,111.
XRP price analysis
The bears have failed to sink XRP (XRP) below the $2 support, suggesting a lack of selling pressure at lower levels.
The bulls will try to start a recovery, which could reach the 50-day SMA ($2.23). This is an essential short-term level to keep an eye on because a break above it opens the doors for a rally to the resistance line. Buyers will have to push the price above the resistance line to signal a short-term trend change.
Alternatively, a break below the $2 support tilts the advantage in favor of the bears. The XRP/USDT pair could then plunge to the $1.72 to $1.61 support zone.
BNB price analysis
BNB (BNB) has been trading just below the downtrend line, indicating that the bulls have held on to their positions as they anticipate a breakout.
If buyers propel the price above the downtrend line, the BNB/USDT pair could pick up momentum and rally to $644. Sellers will try to defend the $644 resistance, but the bulls are expected to buy the dips to the 20-day EMA ($588). If that happens, the likelihood of a rally to $680 increases.
This optimistic view will be invalidated in the near term if the price turns down from the downtrend line and breaks below $566. That could keep the pair stuck inside the triangle for some more time.
Solana price analysis
Solana (SOL) rebounded off the 20-day EMA ($126) on April 16 and rose above the 50-day SMA ($130), indicating buying on dips.
The SOL/USDT pair could rise to the overhead resistance at $153, where the bears are expected to mount a stiff resistance. If buyers pierce the $153 level, the pair could surge toward $180.
Buyers are expected to guard the zone between the 20-day EMA and $120. If the zone gives way, it suggests that the bears are active at higher levels. The pair could then descend to the $110 support.
Dogecoin price analysis
Dogecoin (DOGE) has been trading between the 20-day EMA ($0.16) and the crucial support at $0.14 for the past few days.
The flattening 20-day EMA and the positive divergence on the RSI suggest reduced selling…
cointelegraph.com