Bitcoin claims $ 112k, Altcoins prepares to follow

Bitcoin claims $ 112k, Altcoins prepares to follow

Key points:

  • Bitcoin made a strong return, confirming that immersion buyers were present at the lowest levels; The highest levels could continue to attract vendors.

  • The selected alternatives have bounced in their respective support levels, indicating a positive feeling.

Bitcoin (BTC) recovered at $ 112,500 on Wednesday, indicating that the Bulls are trying to extend recovery. The Socorro rally attracted the purchase in funds quoted in BTC Spot exchange on Tuesday, which registered $ 332.7 million in net tickets, according to Sosovalue’s data.

A positive signal for the Crypto Bulls is that Gold (Xau) obtained a new high above $ 3,500 (on an ounce) on Tuesday. The story shows that BTC follows gold with a delay. The average BTC increase after Gold’s new historical maximum is 30% at three months, and 225% at 12 months. If the story is repeated, BTC could meet with the area from $ 135,000 to $ 145,000 in early December.

Cryptoe Daily Market Data. Fountain: Coin360

However, the weak seasonality of September is a risk to the Bulls in the short term. The economist of the Timothy Peterson network said in an X publication that BTC Hunga 100% of the time between September 16 and September 23, with a typical 5% decrease.

What are the critical levels of resistance to consider in BTC and the main Altcoins? Let’s analyze the graphics of the 10 main cryptocurrencies to find out.

Bitcoin pricing prediction

BTC increased again above the breakdown level of $ 110,530 on Tuesday, indicating a solid demand at the lowest levels.

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BTC/USDT Daily graphic. Source: Cointelegraph/Commercial view

There is a rigid resistance in the 20 -day exponential mobile average ($ 112,438), but if the bulls surpass it, the BTC/USDT par could meet with the single mobile average of 50 days ($ 115,640). Such movement suggests that the corrective phase may have finished. The couple can try a rally to $ 124,474.

If the bears want to keep the advantage, they will have to fiercely defend the EMA of 20 days and quickly remove the price of Bitcoin below $ 107,255. If they manage to do that, the couple could fall to $ 105,000 and, finally, to the vital support at $ 100,000.

ETHER PRICE PREDICTION

ETH (ETH) closed below the 20 -day EMA ($ 4,379) on Monday, but the Bears could not reach the price of $ 4,094.

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Daily eth/USDT table. Source: cointelegraph/tradingView

The Bulls are trying to return while the price above 20 days. If they do that, the ETH/USDT torque could increase to $ 4,500 and, after that, to $ 4,664. Sellers will try to defend the area between $ 4,664 and $ 4,956 because a break could resume the upward trend towards the next target objective of $ 5.662.

The 50 -day SMA ($ 4,072) is the critical level to take into account at the disadvantage. If this support is broken, the price of the ether could fall to $ 3,745 and then to $ 3,354.

XRP price prediction

XRP (XRP) bounced at the level of $ 2.73 on Monday, indicating that the bulls are aggressively defending the level.

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XRP/USDT daily graph. Source: cointelegraph/tradingView

The relief rally is expected to face the sale of 20 days ($ 2.93), which leans down. The XRP/USDT pair will complete a bass triangle pattern at a break and close below $ 2.73. That could start a downward movement at $ 2.20.

Buyers will have to boost the price above the line of bearish trend to deny the bearish pattern. The XRP price can meet around $ 3.40, indicating that the pair can remain stuck between $ 2.73 and $ 3.66 for a while.

BNB price prediction

Buyers are trying to maintain BNB (BNB) above the 20 -day EMA ($ 849), but the bears have maintained the pressure.

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BNB/USDT daily. Source: cointelegraph/tradingView

If the 20 -day EMA yields, the BNB/USDT par could slide to the 50 -day SMA ($ 811). Buyers are expected to defend the area between the 50 -day SMA and $ 794.

If the price appears and breaks above $ 869, it suggests that the sales pressure is being reduced. The Bulls will try to exceed the price above $ 881, challenging the resistance to general expenses at $ 900. A break and closing above $ 900 indicates the start of the next stage of the upward trend to the psychological level of $ 1,000.

Solana pricing prediction

Solana (Sol) appeared from the EMA of 20 days ($ 197) on Tuesday, indicating that the positive feeling remains intact.

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SOL/USDT Daily Graphic. Source: cointelegraph/tradingView

Buyers will try to strengthen their position by pushing the price above the resistance of $ 218. If they can achieve it, the Sun/USDT torque will complete a bullish rising triangle pattern. That erases the way for a rally at $ 240 and then at $ 260.

The bullish trend line is critical support to take into account at the disadvantage. Sellers will have to drag the price below the bullish trend line to invalidate the upward configuration. Solana’s price can sink at $ 175 and subsequently to $ 155.

Dogecoin pricing prediction

Buyers have managed to keep Dogecoin (Doge) above the support of $ 0.21, but are struggling to exceed the price above mobile averages.

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Doge/USDT Diario Diario. Source: cointelegraph/tradingView

The EMA of 20 days descending ($ 0.22) and the RSI near the midpoint suggest a lower advantage for the bears. If the price is reduced and broken below $ 0.21, the Dogado/USDT pair could fall to $ 0.19 and then to $ 0.16.

This negative view will be invalidated in the short term if the price appears and breaks above the 50 -day SMA ($ 0.22). That suggests that the Dogecoin price can range within the range of $ 0.21 to $ 0.26 for a few more days.

Cardano Price Prediction

Cardano (ADA) has been falling inside a descending channel pattern for a few days, which indicates buying in sauces and selling in demonstrations.

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ADA/USDT DAILY GRAPH. Source: cointelegraph/tradingView

If buyers drive the price above the 20 -day EMA ($ 0.84), the Ada/USDT torque could reach the bold trend line. Sellers are expected to monitor a vigorous defense in the bold trend line, but if the bulls prevail, the price of Cardano could increase to $ 0.96 and later to $ 1.02.

On the other hand, if the price is reduced from the 20 -day EMA, the bears will try to take the couple to the support line. That is a critical level for the bulls to defend themselves because a break below the channel can sink the price at $ 0.68.

Related: The XRP classic pricing graphic pattern is directed $ 5 as Etf Spot’s reality approaches

Chainlink pricing prediction

Chainlink (Link) has witnessed a hard battle between the Bulls and the Bears in the 20 -day EMA ($ 23.45).

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Daily graphic link/USDT. Source: cointelegraph/tradingView

The 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 is reduced from the current level, the torque of links/USDT could find support in the 50 -day SMA ($ 20.99).

On the contrary, buyers will obtain the advantage in the short term if they push and maintain the price of the chain link above $ 24.06. If they manage to do that, the couple could leave for $ 26 and then $ 27.

Hyperlichid prices prediction

Hyperlichid (Hype) appeared from the bullish trend line on Tuesday, but it is likely that the bears will be sold at higher levels.

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Hype/USDT Daily graphic. Source: cointelegraph/tradingView

A break and close under the line of trend reached invalidated the bullish rising triangle pattern. That can reduce the hyperlichid price to $ 40 and subsequently to solid support to $ 35.51.

Contrary to this assumption, if the price is maintained above $ 45.50, it suggests that bulls are buying in falls. The Hype/USDT pair could amount to resistance to general expenses at $ 49.88. This is a crucial level to consider because a closure above $ 49.88 opens the doors for a rally to the target of the $ 64.25 pattern.

Sui pricing prediction

Sui (SUI) closed below the $ 3.26 support on Monday, but the bears could not maintain the lower levels.

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SUI/USDT Diario Graph. Source: cointelegraph/tradingView

The Bulls pushed the price of SUI backwards above $ 3.26 on Tuesday, but it is likely that they face a strong resistance of the bears in the 20 -day EMA ($ 3.45). If the price is abruptly reduced from the 20 -day EMA, it increases the risk of a break below $ 3.11. The sui/USDT torque could plummet at $ 2.80.

Alternatively, if buyers conduct the price above the 20 -day EMA, the couple could rise to the 50 -day SMA ($ 3.67).

This article does not contain advice or investment recommendations. Each investment and negotiation movement implies risk, and readers must carry out their own research by making a decision.