Today’s crypto price forecasts include analyses of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, and LINK. Bitcoin is encountering resistance near $108,000, but there’s a high likelihood of surpassing it. Many major altcoins are range-bound, but some show signs of breaking above their overhead resistance levels.
Bitcoin is struggling just above $108,000. However, the price has been kept above $105,000 by bullish traders who anticipate further upward movement. Analysts, including BitMEX founder Arthur Hayes, are optimistic about BTC reaching new highs due to easing Middle East tensions and new stablecoin regulations in the U.S.
Positive expectations are not limited to Bitcoin. Some analysts predict ETH will reach a new high during this cycle and other altcoins may follow suit. Alphractal’s CEO Joao Wedson believes that the recent Bitcoin dominance could be an excellent opportunity to accumulate altcoins while they are still lagging.
Bitcoin’s relief rally faces resistance, suggesting a potential lower high formation. However, if the price surpasses the downtrend line, it could skyrocket to around $150,492. On the other hand, sellers might attempt to pull the price below the moving averages, which could extend BTC’s stay within the descending triangle.
Ether maintains pressure, clinging to the 20-day EMA. If buyers can break through the 50-day SMA, ETH could climb to the resistance zone between $2,738 and $2,879. Conversely, if the price sharply decreases from the 50-day SMA, it suggests that higher levels are attracting sellers, potentially leading to a decline to the breakout level of $2,111.
Other altcoins like XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, and LINK have their own unique market patterns and price predictions, which range from bearish to bullish. These forecasts are based on technical analysis and market trends. As always, every investment and trading decision involves risk, and readers should conduct their own research before making a decision.
