Iran opens the Strait of Hormuz.

Key Points:-

Bitcoin rallied above $76,000, opening the door for a further rally to $84,000.

Several major altcoins are showing strength, indicating that bulls are buying broadly.

Bitcoin (BTC) rose above $76,000 resistance after Iran's foreign minister said he would remain open to the remainder of the ceasefire agreement between the US, Israel and Iran.

Another positive sign for the bulls is that BTC's growth has been supported by strong stocks with whales. According to CryptoQuant data, BTC whales holding more than 1,000 BTC have added nearly 270,000 coins in the past 30 days, the largest volume of purchases since 2013.

However, some analysts are skeptical about BTC's growth. Glassnode said in last week's Onchain newsletter that the current recovery has plenty of legs to it, but it may face selling pressure at the real market average of $78,100. To create a “structural change to a bull market,” buyers need to hold above $78,100 in the medium term.

Another cautious view came from the material indicators of marketing inputs. In a video posted on X, Material Indicators said that BTC should cross the yearly open at $87,500 and the 50-week moving average at $97,000, and that the relative strength index should close above 41 on the weekly time frame to confirm the return of the bull market.

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

Bitcoin price prediction

BTC rose above $78,000 on Friday, the highest level in ten weeks, indicating continued buying by bulls.

The upward 20-day moving average ($72,136) and the RSI near the overbought zone indicate that the bulls are trying to take control. A close above the $76,000 level would complete an ascending triangle pattern, opening the door for a rally to $84,000, then to the $92,000 pattern target.

The downside of moving averages are important support levels to watch, as a close below them indicates that the bears remain in control. The BTC/USDT pair may fall to the triangle support line.

Ether price prediction

Sellers tried to stop the recovery in Ether (ETH) at the level of $ 2,415, but the bulls continued to apply pressure and did not allow the price to fall below the 20-day EMA ($ 2,235).

If the price of ETH closes from the resistance level of $2,415, the recovery can be extended to $2,800, then to $3,050. Such a move suggests that the ETH/USDT pair may be lower at $1,748.

If the price drops significantly and breaks below the moving average, this bullish view is worthless in the near term. This suggests that a break above $2,415 could be a bull trap. The pair may decline to the $1,916 level.

XRP price prediction

XRP (XRP) closed above its 50-day simple moving average ($1.38) on Wednesday, indicating that the bears are losing their grip.

The 20-day EMA ($1.37) has started to rise gradually, and the RSI is in the positive territory, which indicates that it is beneficial for the bulls. The price of XRP may line up on the descending line of the descending channel pattern, which is expected to act as a major barrier. If buyers clear the barrier, the XRP/USDT pair will signal a trend reversal.

Moving averages are an important support for tracking the downside. If the support breaks, the pair may retest the crucial $1.27 level.

BNB price prediction

BNB (BNB) closed above the 50-day SMA ($626), indicating that selling pressure is easing.

If the price of BNB continues above the moving averages, the next stop could be the $687 level. Sellers will try to stop the rebound at $687, but if buyers make their way through, the rally could reach $730 and eventually $790.

Conversely, if the price breaks below the current level or overhead resistance and breaks below the moving average, it suggests that the BNB/USDT pair may remain in the range of $570 to $687 for some time.

Solana price forecast

The closing of Solana (SOL) above the moving averages suggests that the bulls are trying to push the price towards the $98 resistance.

Sellers are expected to strongly defend the $98 level. If the SOL/USDT pair declines significantly from $98 and breaks below the moving average, it suggests that the consolidation could be extended for a few more days.

The first sign of strength on the upside is a break and close above the $98 resistance. That opens the door for a rally to the $117 level, where the bears are expected to move in again.

Dogecoin price prediction

Dogecoin (DOGE) rebounded from the moving averages on Wednesday and reached the $0.10 level on Thursday.

Sellers will try to stop the recovery at the $0.10 level, but if buyers do not sell much more than the current level, the rally will increase the chance to $0.11 and then to $0.12.

The bears may have other plans. They will try to restore the price of DOGE below the moving averages. If they succeed, the DOGE/USDT pair could drop to strong support at $0.09.

High Liquidity Price Prediction

Sellers are trying to pull HyperLiquid (HYPE) back below the $43.76 breakout, but the bulls are holding their ground.

If the price of HYPE continues higher and breaks above the $46 level, it suggests that the bulls have turned the $43.76 level into support. That raises the possibility of a rally to $50 to $51.43.

Time is running out for the bears. To recover, the HYPE/USDT pair needs to pull below the 20-day EMA ($40.78). If it manages to do so, the pair could fall towards the 50-day SMA ($37.38).

RELATED: Bitcoin Price Quietly Sets New 10-Week High As Trader Sees $88K In Weeks

Cardano price prediction

Cardano (ADA) continues to recover and may test the resistance in the bearish channel pattern.

Sellers are expected to strongly defend the downtrend line, but if the bulls lose, the ADA/USDT pair may rise to $0.32, then to $0.37. Such a move indicates the possibility of a short-term trend reversal.

On the contrary, if the price of ADA falls below the downtrend line and breaks below the moving average, it suggests that the pair may remain in the channel for some time.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) pierced the 20-day EMA ($447) on Thursday, but the rally is facing selling at the 50-day SMA ($454).

The 20-day EMA is flat, and the RSI is near the midpoint, indicating that selling pressure is easing. If the bulls prevent the price of BCH from falling below $443, this could signal a change in sentiment. This includes a break above the 50-day SMA. If that happens, the BCH/USDT pair could rise to $486, then $520.

Alternatively, if the price breaks below $443, it indicates that the bears will continue to sell in the rallies. The pair may sink to strong support at $419.

Chainlink price prediction

Chainlink (LINK) is trying to break above the $8 to $10 resistance, with bears expected to mount strong resistance.

If the price breaks above the resistance above and breaks below the moving averages, it suggests that the LINK/USDT pair may be bound in a range for a few more days.

On the other hand, if the price of LINK closes above the $10 level, it indicates that the consolidation has given support to the bulls. The pair may rally to the $11.61 level, where bears are expected to enter. There is resistance at $10.94, but it can be crossed.