Bitcoin breaks $74K resistance as bulls pile into BTC, Altcoins

Key Points:-

Bitcoin has declined from the $74,000 level, which indicates that bears will continue to sell in rallies.

Several major altcoins are showing strength and may immediately break above resistance levels.

Bitcoin (BTC) has dropped below the $74,000 level, indicating that the bears will strongly defend the level. Glassnode said in its latest weekly on-chain newsletter that BTC is stuck between the realized price (the average acquisition price of all transactions) of $54,400 and the real market average (based on the cost of actively traded coins) of $78,000. Support tests may witness a rejection at the $78,000 level.

Historical data does not support a sharp rally in BTC in 2026. Data from Binance research shows that BTC saw drawdowns of 56%, 73% and 64% in the 2014, 2018 and 2022 US midterm election years. However, there is a glimmer of hope for the bulls as the two years since the midterm elections have seen huge gains in BTC.

Despite the uncertainty, a positive sign in favor of the bulls is that BTC has been the best performing macro asset since the start of the US and Israel-Iran war. It shows that investors are not panicking and dumping their BTC positions. That increases the possibility of a bottom in BTC.

Can buyers pick up resistance levels above the major altcoins by picking up BTC? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC rose to the upside resistance at $74,508, the bears are adding strong resistance.

The 20-day exponential moving average ($69,271) has been extended, and the relative strength index (RSI) has jumped into the positive zone, indicating that it is beneficial for buyers. That raises the possibility of a break above the $74,508 level, completing an ascending triangle pattern. The BTC/USDT pair may rise to $84,000.

Sellers should pull the price of Bitcoin below the support line to signal a reversal. If they do that, the pair could fall to the $62,500 to $60,000 support zone.

Ether price prediction

Sellers are trying to stop Ether's (ETH) rally from support at the 50-day simple moving average ($2,173), but the bulls continue to apply pressure.

If buyers do not allow Ether price to bounce back below the 20-day EMA ($2,036), it will add support to $2,600. Such a move suggests that the downward trend may pass.

Sellers may have other plans. Below the 20-day EMA, you will try to get the price out quickly. If they can pull through, it suggests that the ETH/USDT pair could extend its range-bound action between $1,750 and $2,200 for an additional period.

BNB price prediction

BNB (BNB) reached the 50-day SMA ($680), the bears are expected to have a strong resistance.

However, if buyers overcome the barrier at the 50-day SMA, the price of BNB may rise to $730 and then to $790. Such a move suggests that the BNB/USDT pair may be lower at $570.

Alternatively, if the price breaks below the 50-day SMA and breaks below the 20-day EMA, it suggests that the bears will continue to order. The pair could drop to $607 and then to $570.

XRP price prediction

XRP (XRP) has risen above the 20-day EMA ($1.39), indicating that the selling pressure is waning.

The rally is expected to sell at the 50-day SMA ($1.49) and then at the $1.61 level. If XRP price breaks above resistance but retraces the 20-day EMA, it would indicate a sentiment shift from selling on rallies to buying on dips. That adds to the possibility of a rally in a descending channel pattern.

If the price declines from the 50-day SMA and breaks below $1.27, this positive outlook will be rejected in the near term. The XRP/USDT pair may descend towards the support line.

Solana price forecast

Solana (SOL) gradually reached a high of $76 to $95, indicating that selling pressure is waning.

If buyers overcome the barrier at $95, the SOL/USDT pair could travel to the $117 level. Sellers are expected to strongly defend the $117 level, but on the downside, if Solana's price does not drop below $95, it suggests that the pair may be headed lower in the short term.

On the contrary, if the price drops significantly from the $95 level, it indicates that the bears have remained under control. The pair may continue to fluctuate between $95 and $76 for a few more days.

Dogecoin price prediction

Dogecoin (DOGE) has been trading between the 50-day SMA ($0.10) and the $0.09 level for the past few days.

The tightening range suggests a potential range expansion in the near term. A close above the 50-day SMA opens the door for a rally towards the $0.12 breakout level. If the price of Dogecoin drops below the $0.12 level, it indicates the formation of a range. The DOGE/USDT pair may be trading between $0.09 and $0.12 for a while.

A close above the $0.12 resistance would clear the way for a rally towards the $0.16 level, while a break below the $0.09 support would signal a resumption of the downtrend.

High Liquidity Price Prediction

Hyperliquid (HYPE) closed above $36.77 resistance on Thursday, indicating that the bulls are trying to take charge.

There is minor resistance at $38.43, but it could be crossed. The HYPE/USDT pair may go to $43 and later to $50.

The first sign of weakness would be a close below the $36.77 level. This indicates that the bears are selling in rallies. Hyperliquid's price may drop to the 20-day EMA ($32.57), which is a critical support to watch out for. If the price rebounds strongly from the 20-day EMA, the bulls will try to continue the recovery. Sellers will return to control in the near term below the 50-day SMA ($30.65).

RELATED: Why XRP Bulls See Next $2.55 ‘Explosive Run'

Cardano price prediction

Cardano (ADA) has risen above the 20-day EMA ($0.27), indicating strong buying by bulls.

The 50-day SMA ($0.28) can be used as protection, but it can be crossed. The ADA/USDT pair may climb to a descending channel pattern line. A close above the low line indicates a possible short-term trend reversal. That clears the way to $0.39 and then $0.44.

Instead, if the price of Cardano falls significantly below the lower line, it indicates that the bears will continue to sell in the rallies. That could keep the pair in the channel for a while.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) pierced the 20-day EMA ($471), indicating that the bulls are back.

If the price of Bitcoin Cash closes above the 20-day EMA, the BCH/USDT pair may rise to the 50-day SMA ($514). Sellers are expected to defend the 50-day SMA, as a close above it opens the door to a rally to $600.

Contrary to this assumption, if the price falls significantly from the moving averages, it indicates that the bears are under control. That adds up to a break of just under $443. The pair can drop to $375.

Monero price prediction

Buyers are eyeing Monero's (XMR) retracement to the 20-day EMA ($348), with the bulls being seen as a buying opportunity.

That would improve a break above the 50-day SMA ($366). If that happens, the XMR/USDT pair may rise to the 61.8% Fibonacci retracement level at $414 and later to $452.

Time is running out for the bears. To weaken the bulls, they need to lower the price of Monero below the $333 level. The pair could fall to $309, where the buyers are expected to enter.