Bulls Want to Dominate Bitcoin, Altcoins: Are the Charts Bullish?

Bitcoin (BTC) continues to face strong resistance at the $72,000 level, but the bulls continue to push. In a post on X, trader Daan CryptoTrades said that BTC should cross over and stay above the $72,000 resistance “to retest the $80Ks.”

Markets hate uncertainty, but BTC's resilience since the start of the US and Israel-Iran war shows that traders are not interested in selling at low levels. In an article posted on X, CryptoQuant analyst Darkfost recorded mostly BTC outflows from crypto exchanges. Although the demand is not enough to start a new development, it shows accumulation by investors.

One reason for stockpiling may be that investors believe BTC is in value territory. In a post on X, Capriole Investments founder Charles Edwards said that BTC is deeply undervalued when considering the BTC Yardstick metric. In February, the yardstick numbers fell below the 2022 bear market low reading.

Can picking BTC and major altcoins wait above the overhead resistance level? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC continues to trade in a bullish ascending triangle pattern, a sign that buyers are trying to pull back.

The flat 20-day EMA ($70,303) and the relative strength index (RSI) near the midpoint do not give a clear advantage to either the bulls or the bears. To complete the ascending triangle, buyers need to drive and sustain the BTC price above the $74,508 resistance. If they manage to do that, the BTC/USDT pair could rally to $84,000.

If the price declines and breaks below the support line, this positive view will be rejected in the near future. This shows that the bulls are desperate. The pair may drop to the $62,500 to $60,000 support zone.

Ether price prediction

Ether (ETH) broke above the 50-day simple moving average ($2,042) on Monday, indicating positive sentiment.

The flat 20-day EMA ($2,121) and the RSI near the midpoint suggest a balance between supply and demand. Buyers need to push the price above $2,400 to signal the start of a new uptrend. The ETH/USDT pair may rally to $2,600 and later to $3,050.

Instead, if the price of ETH breaks below the 50-day SMA, it indicates that the market has rejected the break above the $2,111 level. That could pull the pair towards the $1,900 level and then the $1,750 level.

BNB price prediction

Buyers are trying to keep BNB (BNB) above the 20-day EMA ($643), but the bears are posing a strong challenge.

The flat 20-day EMA and RSI below the midpoint suggest that the BNB/USDT pair may stay in the $570 to $687 range for a few more days. When the price stays in a range, the divergence from it eventually becomes stronger.

If buyers drive the price of BNB above $687, the pair could rise to $730 and later to $790. Conversely, if the price drops and breaks below $600, it suggests that the bears have a slight edge. The pair may drop to $570.

XRP price prediction

Sellers are trying to keep XRP (XRP) below its moving average, but the bulls continue to push.

If the XRP price breaks and continues above the moving averages, the rally may reach $1.61 and then the lower trend line. Sellers are expected to strongly defend the lower line, as a close above it indicates a possible trend reversal.

On the other hand, if the price declines and breaks below $1.27, it suggests that the bears will remain in control. The XRP/USDT pair may descend towards the support line of the channel, with buyers expected to enter.

Solana price forecast

Solana (SOL) has been trading between the 50-day SMA ($86) and the $95 overhead resistance for the past few days.

A slightly higher 20-day EMA ($89) and an RSI above the midpoint suggest a slight edge for buyers. If the bulls clear the upper barrier at $95, the SOL/USDT pair could rise to $117.

On the downside, sellers need to push the SOL price below the 50-day SMA to get back into the game. If they do that, the pair could fall to the lower end of the $76 to $95 range. A break above the $76 level could extend the stay in the range for more time.

Dogecoin price prediction

Dogecoin (DOGE) broke the $0.09 support on Monday, but the bulls are struggling to push the price above the moving averages.

If the price of DOGE declines significantly from the moving averages, the probability of a break below the $0.09 level increases. The DOGE/USDT pair may fall to the next support at $0.06.

Alternatively, a close above the moving averages indicates strong buying at the $0.09 level. The pair may rise to $0.10 and later to $0.12, which is expected to pose a major challenge to the bulls.

High Liquidity Price Prediction

HyperLiquid (HYPE) has rebounded from Tuesday's breakout level of $36.77, indicating that the bulls are trying to turn the level into support.

Upward moving averages and an RSI in the positive territory indicate that the bulls are dominant. If buyers drive the HYPE price above the $43.77 level, the next stop could be $50.

If the price declines and breaks below $36.77, this bullish view will become invalid in the near term. This indicates that the market has rejected its creation. The HYPE/USDT pair may fall towards the 50-day SMA ($33.16).

Related: Here's what's happening in crypto today.

Cardano price prediction

Cardano (ADA) remains stuck in a descending channel pattern, but the bulls are trying to establish a base around $0.25.

A close above the moving averages opens the door for a rally to the downtrend line. Sellers are expected to aggressively defend the bottom line. The ADA/USDT pair may rise to $0.39 and then to $0.44.

On the contrary, if the price of ADA falls sharply below the cold line and breaks below the moving average, this indicates that the bears remain sellers in the rallies. That increases the chance of a drop below $0.25. The pair may dip to the support line.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) closed above the 20-day EMA ($470) on Monday, but the bulls are struggling to push the price towards the 50-day SMA ($492).

This shows that bears are highly active. The sellers will try to consolidate their position by pulling the price of BCH below the 20-day EMA. If they can pull through, the BCH/USDT pair may drop to the $443 level. A close below $443 will complete a bearish head and shoulders pattern, so this is a critical level for bulls to defend against. The next support is at $375.

On the downside, if the buyers push the price above the 50-day SMA, it suggests that a stronger support rally has begun towards $520.

Chainlink price prediction

Chainlink (LINK) is rising in a gradual ascending channel pattern, showing a series of highs and lows in the short term.

The bulls try to push the price of LINK to the defense line of the channel, the bears defend a strong defense. If the price drops significantly below the protection line, the LINK/USDT pair may remain in the channel for a few more days.

However, if buyers push the price above the protection line, it indicates that a stronger recovery has begun. The $11.61 level could act as a barrier, but if the bulls prevail, the rally could reach the $14.98 level.