Bitcoin, Altcoins Gain Firm Ground, But Bear May Sell Highs.

Key Points:-

Bitcoin may reach the $94,789 level, where bears are expected to enter.

Select major altcoins are showing strength, indicating that the recovery may continue for some time.

Bitcoin (BTC) bulls have pushed the price above $92,000, but higher levels may attract sellers. Last week, $1.37 billion was withdrawn from BTC exchanges between Tuesday and Friday, according to data from SoSoValue, indicating that institutional investors are cautious.

Fidelity Investments director of global macro Jurien Timmer said in a post on X that BTC “is now following the internet's S-curve rather than a power law curve.” He added that if BTC strengthens for the next year, the $65,000 level “could be a do-o-die line in the sand” for BTC.

Regardless of the recent uncertainty, the world's largest corporate BTC holder, Strategy, added 13,627 BTC to its balance last week at an average of $91,519 per coin. This brings the company's holdings to 687,410 BTC, which works out to an average of $75,353 per coin.

Can BTC and major altcoins break above their resistance levels? Let's examine the charts of the top 10 cryptocurrencies to find out.

S&P 500 index price forecast

The S&P 500 Index ( SPX ) hit a new all-time high on Friday, signaling the resumption of an uptrend.

The upward moving averages and the Relative Strength Index (RSI) in positive territory indicate the upside for buyers. There is resistance at the 7,000 level, but it can be crossed. The index may rise to 7,290.

Time is running out for the bears. Prices should decline below the 50-day simple moving average (SMA) (6,819) to weaken momentum. The index may drop to the 6,720 level.

US dollar index price forecast

The US dollar index (DXY) cleared the 50-day SMA (99.06) on Friday, but the bulls could not sustain the higher levels.

The index has dropped to the 20-day EMA (98.60), which could serve as support. If the price recovers from the 20-day EMA, it will add resistance to the upside at 100.54. A close above the 100.54 level indicates the start of a new uptrend.

Sellers may have other plans. They try to pull the price below the 20-day EMA. If they do that, the index could slide to a strong support at 97.74. That suggests that the index may stay in the range of 96.21 to 100.54 for some time.

Bitcoin price prediction

BTC's retracement from $94,789 resistance has taken support at the moving averages, indicating buying on the dips.

The bulls will try to strengthen their position by pushing the Bitcoin price above the $94,789 level. If they succeed, the BTC/USDT pair could rise to the $100,000 level and then to $107,500. Such a step indicates that the adjustment phase can be completed.

Conversely, if the price declines below $94,789 and breaks below the moving average, it would indicate that the bears remain highly active. That puts the pair in the $84,000 to $94,789 range for a while.

Ether price prediction

Ether (ETH) recovered from the 20-day EMA ($3,088), which the bulls are trying to take control of.

Closeness above the defensive line tilts in favor of buyers. The ETH/USDT pair may rally to $3,569 and later to $4,000.

On the other hand, if the price breaks below the resistance line and breaks below the moving average, it suggests that the pair may remain in the triangle for a few more days. The bears will dominate at the break below the support line. Ether price may fall to $2,623.

XRP price prediction

Buyers are trying to keep XRP (XRP) above the moving averages, but the bears kept the pressure.

If the price dips below the moving averages, it suggests that the XRP/USDT pair may remain in a descending channel for some time. The $1.61 level is an important support to watch on the downside. A break and close below the $1.61 level increases the risk of a drop to the October 10 low of $1.25.

Buyers should push the XRP price above the lower line to signal a short-term trend reversal. The pair may rise to $2.70 and then to $3.10.

BNB price prediction

BNB (BNB) has been trading in a narrow range between the moving averages and overhead resistance at $928.

An uptrending 20-day EMA ($887) and an RSI in the positive zone add to the upside potential. If that happens, the BNB/USDT pair will complete a bullish ascending triangle pattern. BNB price may reach the target objective of $1,066.

Conversely, if the price declines and breaks below the moving averages, it suggests that the bears will strongly defend the $928 level. That could pull the pair to the top line and then to the $790 support.

Solana price forecast

Solana (SOL) bounced back from the moving averages and reached the $147 level where the bears are expected to enter.

The upward 20-day EMA ($134) and the RSI above the 64 level suggest that the path of least resistance is to the upside. A close above the $147 resistance could initiate a new move towards $172.

Instead, if the price of Solana reverses and breaks below the moving average, it indicates that the SOL/USDT pair may extend its stay in the $117 to $147 range for some time.

Related: Ethereum Sets Rally for 95% Copy on Bitcoin

Dogecoin price prediction

Dogecoin (DOGE) is seeing a fierce battle between the bulls and bears of the moving averages.

Flat moving averages and an RSI near the midpoint do not give a clear advantage to either the bulls or the bears. If the price breaks below the moving averages, the DOGE/USDT pair may drop to $0.13 and then to $0.12.

On the downside, a break and close above the $0.16 support indicates that the market has rejected a break below the $0.13 support. Dogecoin price may increase to $0.19 and then to $0.22.

Cardano price prediction

Buyers are trying to keep Cardano (ADA) above the moving averages, but the weak throw increases the risk of a breakdown.

If the price slips below the moving averages, the ADA/USDT pair may drop to $0.37 and then to $0.33. Buyers are expected to aggressively defend the $0.33 level, as a break below it could sink the pair to the October 10 low of $0.27.

The first signal of strength breaks and closes above $0.44. The price of Cardano may rally towards the $0.50 breakout level, which is an important resistance to watch. Buyers need to pierce the $0.50 level to signal a reversal.

Bitcoin Cash price prediction

Buyers tried to push Bitcoin Cash (BCH) above the $670 resistance on Sunday, but the bears held their ground.

The bears are trying to strengthen their position by pulling the price of Bitcoin Cash below the 20-day EMA ($619). If they do that, the BCH/USDT pair may fall to the 50-day SMA ($586). Buyers are expected to protect the 50-day SMA, as the recent break above $631 could be a bull trap. The pair may drop to $518.

Conversely, if the price deviates from the moving averages and breaks above $670, it indicates that buyers are in charge. Then the pair can rise to $720, which is expected to act as a strong resistance.