key points:
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Bitcoin’s tightening range trading indicates a possible range extension in the next few days.
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Select AltCoins. Also face sales pressure, but stay above their close support levels.
Bitcoin (BTC) continues to sell at a level of $ 120,000, but a resistance -level repair revival weakens it. If buyers do not do the case ground for bears, it improves BTC prospects that kills a new all-time high above $ 123,218.
Fundstrat Head of Research Tom Lee said in an interview with CNBC that BTC may grow from $ 200,000 to $ 250,000 in the next few months. At that price, Lee believes that the BTC will be priced at 25% of the gold market size.
The consolidation of BTC suggests that investors have been operated in Ether (ETH), which is charging more. Spot Ath Exchange-Free recorded a 16-day flow streak, extending the cumulative net flow from $ 4.25 billion on 2 July to increase from $ 9.33 billion to $ 9.33 billion on Friday.
Can BTC overhead break over resistance, or will it be in a range? Can the selection of Altcoins continue your strong run? Let’s analyze the top 10 cryptocurrency charts to find out.
S&P 500 Index Price Prediction
The S&P 500 index (SPX) continued its march towards the target objective of 6,500, indicating continuous demand at a higher level.
The average average indication that bulls remain under control, but the overbott level on the relative power index (RSI) suggests that Rali may be overheat. This increases the risk of potential consolidation or improvement in the near period.
If the price decreases, but the 20-day simple moving is bounced from the average (6,283), it indicates that the audience remains positive. This increases a Rali’s Licelihod to 6,500. To give up the upper hand to the vendors, the price below the 50-day SMA (6,099) must be reduced.
US Dollar Index Price Prediction
The US Dollar Index (DXY) is trying to stay above the 50-day SMA (97.68), showing that Bulls are trying to make a highll.
If they succeed, the count of the index increases to 100.54 and then up to 102 levels. Sellers are expected to challenge a strong challenge at 102.
In contrast, failure to maintain a price above the 50-day SMA indicates that bears remain in control. The bears will try to start their position by pulling the price below 97.10. If they manage to do so, the index risks a retract of significant support at 96.37.
Bitcoin value prediction
BTC slipped below the 20-day SMA ($ 117,867) on Friday, but the long tail on candlestick shows solid purchases at lower levels.
Bulls are tried to run the BTC/USDT pair above $ 120,000 to $ 123,218 resistance. If they manage to do so, the pair is like moving towards $ 135,728 and later to increase the pattern target of $ 150,000.
Time is going on for the bear. If they want to create a comback, they will have to pull the price faster below the support of $ 110,530. It can implicate the aggressive bull, resulting in a long liquidity. The pair may then be a tumble for psychological support in $ 100,000.
Ether value prediction
Etor rose above $ 3,745 resistance on Sunday, but bulls are struggling at high levels.
The seller will try to draw a price below $ 3,745. If they manage to do so, the Eth/USDT pair can slip on 20-day SMA ($ 3,423). Buyers are expected to be 20-day as a break below it indicates the beginning of a deep perfect.
In contrast, if the price rebellion provides $ 3,745 level or 20-day SMA with strength, it indicates to buy on Dips. Bulls will then try to run the pair by $ 4,094. If the level of $ 4,094 is extracted, the pair may touch the sky towards $ 4,868.
XRP price prediction
XRP’s (XRP) pullback $ 3.66 received support in 20-day SMA ($ 3.10) on Thursday, indicating to buy on Dips.
Bulls kibs the value to push the value in $ 3.66, but are facing significant resistance from the bear. If the price is low and breaks below the 20-day SMA, it suggests a deep beginning. The XRP/USDT pair may fall to $ 3 and later $ 2.80.
Conversely, if the price rebellion offers a 20-day SMA, it indicates that bulls are fiercely defined. The pair could then do Rali to $ 3.66. A break and a closed pair above $ 3.66 can catput to $ 4 and after that, by $ 4.86.
BNB price prediction
BNB (BNB) turned below $ 809 on Wednesday, but the bear could not maintain a price below $ 761. This states that Bulls has taken a lead in support.
Buyers increase the price above $ 809 on Sunday, leading to the next stage of uptrend. The BNB/USDT pair can move up to $ 900 and up to a psychological level of $ 1,000.
Although this trend remains, the deep overbott level over the RSI suggests that Rali is due to a consolidation or a cures in the near period. The first sign of weakness will be a break and will be closed below $ 793. This suggests profit-booking at a high level. The pair can then land up to $ 761, where buyers are expected to step.
Solana value prediction
Salana’s (Sol) Pulback from $ 209 on Wednesday stopped at 20-day SMA ($ 176) on Friday, indicating demand on low.
Bulls are trying to bring the price to $ 209, but are facing self -movement. If buyers cross the barrier at $ 209, the Sol/USDT pair can do Rali Rali to $ 240 and eventually $ 260. There is a slight resistance at $ 220, but prefer to be crossed.
This positive attitude will be invalid in short term if the price decreases and breaks the 20-day SMA. The pair can then enter the 50-day SMA ($ 160). It indicates a potion-bout action between $ 110 and $ 209.
Connected: The price of XRP is next to $ 4? Analyst is likely to ‘most profitable phase’.
Dogocine value prediction
DOGECOIN (DOGE) changed from 20-day SMA ($ 0.22) on Friday, indicating demand on low.
Relief Rali is facing selling near $ 0.26, showing that bears are active at high levels. If the price falls below the 20-day SMA, the dog/USDT pair may live within the larger $ 0.14 to $ 0.29 range for a few more days.
Buyers have to promote the price above $ 0.29 to seize control. If they manage to do so, the pair can start a new step for $ 0.35 and then on the pattern target of $ 0.44.
Cardano value prediction
Cardano’s (ADA) bounces 20-day SMA ($ 0.78), which is facing sales on an overhead resistance of $ 0.86.
The 20-day SMA in the positive field and the RSI appearance indicate an adventure for the bulls. The brake above $ 0.86 can push the ADA/USDT pair at $ 0.94. The sellers will try to stop UP’s move at $ 0.94, but if the bulls prevail, the couple’s count increases to $ 1.02 and then to $ 1.17.
The short-term benefit will include the bear’s favor that suggests profit-booking on rallies. The pair may then fall to a 50-day SMA ($ 0.67).
Exaggerated value prediction
Hyperlic
The 20-day SMA ($ 45.06) has resistance, but if the bulls finished it, the hyp/USDT pair may grow $ 48 and later to $ 50. Vendors are expected to mount a strong defense at $ 50.
Conversely, if the price turns down the 20-day SMA, the beer will try to pull the pair under the support line. If they succeed, the pair can start a deep correct right towards $ 36 and then $ 32.
There are no investment advice or recommendations in this article. Every investment and trading film includes risk, and readers should do their research while taking decisions.