Bitcoin Chasing New Climax

Key points:

• The solid inflow is divided into spot bitcoin ETFs, indicating that the Bull is back in the driver’s seat and may see new all-time highs.

• BNB is leading Altcoin recovery, with several altcoins expected to exceed its elevated resistance levels.

Bitcoin (BTC) rose nearly $123,900 on Friday, continuing to move to an all-time high of $124,474. The recovery of BTC is backed by solid demand from the Bulls, with inflows of $2.25 billion in U.S. BTC exchanges trading trade funds since Monday, according to Farside Investors.

Analysts expect BTC to grow to new all-time highs. Charles Edwards, founder of Capriole Investments, told Cointelegraph that BTC could soar to $150,000 by the end of the year as investors seek safe haven investments with gold.

While all signs suggest the uptrend may continue, some analysts are cautious. Trader Roman said in an article on X that the Relative Strength Index (RSI) indicator on the BTC chart showed bearish differences over the weekly and monthly timeframes. Rome warned traders to “hold carefully here.”

Can BTC soar to a new all-time high, triggering Altcoins rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price forecast

BTC soared at $117,500 overhead Wednesday, suggesting buyers are back on command.

The BTC/USDT pair has reached an all-time high of $124,474, and the Bears are expected to play a strong defense here. If the price drops sharply from the current $124,474 and drops below $117,500, it indicates that the Bears are active at a higher level. Then, the price of Bitcoin may remain between $107,000 and $124,474 for a period of time.

Instead, if the buyer’s price is above $124,474, it marks a recovery in the uptrend. Then the two may assemble to $141,948.

Ether price forecast

Ether (ETH) exceeded the 20-day exponential moving average ($4,309) on Wednesday and reached the resistance line on Friday.

The 20-day EMA has begun to gradually emerge, and RSI has entered a positive territory, marking the brink of the Bulls. The seller will try to block recovery on the resistor line, but if the buyer has the upper hand, the ETH/USDT pair can be retested at an all-time high of $4,957.

The Bears will have to raise prices below the 20-day EMA to weaken the bullish momentum. The price of ether could drop to $4,060.

XRP Price Forecast

Buyers pushed XRP (XRP) to the descent line on Thursday, but couldn’t get close above it.

Buyers once again try to keep XRP price on the downtrend line. If they succeed, the bearish triangle pattern will be invalid. Then, the XRP/USDT pair could climb to $3.20 before climbing to $3.38.

If the price is lowered and below the moving average, this optimistic view will be negated in the short term. This suggests that a breakout on the downtrend line may be a bull trap.

BNB price forecast

BNB (BNB) soared to a new all-time high above $1,084 on Thursday and extended UP’s move on Friday.

The BNB/USDT pair breaks above the rising channel pattern, indicating bullish momentum. The resistance of $1,173 is smaller, but if this level goes over, the assembly may be extended to $1,252.

The breakout level of the channel and 20-day EMA ($1,004) is likely to be strong support on the negative side. Sellers will have to drag the BNB price below $930 to show that the couple may have had success in the near term.

Solana price forecast

Buyers pushed Solana (Sol) back on the upward line on Wednesday, suggesting that the correction phase may have ended.

Any callback at the current level is likely to find support on a 20-day EMA ($220). If this happens, the Sol/USDT pair may gather for overhead resistance of $260. The seller is expected to do what it can to defend the $260 level, as its close range could bounce the Solana price to $295.

Sellers will have to drag the price below the 50-day simple moving average ($212) to make a comeback.

Dogecoin price forecast

Dogecoin (Doge) closed on Wednesday on the 20-day EMA ($0.24), indicating the Bulls have a slight advantage.

Although the Doge/USDT pairs remain in a wide range between $0.14 and $0.29, the price action forms an upward triangle pattern. Buyers will have to get a closing price of more than $0.29 to complete the bullish setting. The gate may then gather into a $0.39 mode target.

If the bear raises the price below the uptrend line, the bullish pattern will be invalid. This suggests that the couple can consolidate it for a while.

Cardano Price Forecast

Cardano (ADA)’s recovery rose on Thursday’s 50-day SMA ($0.86), indicating that sales pressure is decreasing.

Buyers will have to push Cardano price above the resistance line to indicate that the correction may have ended. The ADA/USDT pair can then attempt to have a rally to $1.02, and the bear is expected to step in.

Conversely, if the price drops from current levels or resistance lines and breaks through the 20-day EMA ($0.84), it means the Bears are selling at the rally. The couple could then drop to $0.75 in support.

Related: XRP Price recoupes $3 and opens with 40% earnings in October

Super fluent price forecast

On Thursday, hyperliquidity (HYPE) soared above the moving average, indicating a stable purchase at a lower level.

The relief rally is expected to face sales of 61.8% Fibonacci recycling levels at $51.87. If the price drops from $51.87 but pops up the average of moving, it means that this sentiment has become bullish. The hype/USDT pair can rise to $59.41.

Conversely, if the price drops and breaks below the moving average, it indicates that the bear is active at a higher level. Then, the super fluent price may drop to $43 and then drop to $39.68.

Chain link price forecast

Chainlink (Link) rose 20-day EMA ($22.35) on Wednesday, but the Bulls faced resistance near the downtrend line.

If the price glides and remains below the 20-day EMA, it means that the link/USDT pair can stay in the down channel mode for several days.

The first sign of strength will be a breakthrough and close at the descent line. If this happens, the chain link price may rise to $26, and thereafter, to $27. The seller will try to stop the rise at $27, but if the Bulls have the upper hand, it will reach $30.94.

SUI price forecast

SUI (SUI) climbed to the moving average on Wednesday, indicating that sales pressure is eased.

If the buyer keeps the price above the moving average, the SUI/USDT pair can climb to the downward line. Sellers are expected to actively defend the downtrend line as it surpasses it could raise the SUI price to $4.20 and then push at $4.44.

Conversely, if the price drops and breaks below the moving average, it means the bear has not given up. The couple can then drop the support zone from $3.26 to $3.06.

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.