Key Points:
Bitcoin’s bouncing off moving average can improve emotions and exceed BNB, SOL, link, and overhead resistance levels.
Bitcoin (BTC) may have attracted profit bookings by short-term traders by failing to exceed $110,000. This brought the price to nearly $108,000. Crypto analyst Daan Crypto Trades said in an X post that over $110,000 is good for Bitcoin, but below $108,000 the fix could deepen.
Some analysts have bet that US President Donald Trump’s “Big Beautiful Bill” will serve as a catalyst that surpasses the record’s greatest. Forecast Service Kalshi expects US national debt to reach $40 trillion in 2025, a significant increase from $23.2 trillion in 2020. History shows that an increase in US borrowing has raised the price of Bitcoin. For example, Bitcoin prices rose by around 38% after Trump signed the Covid-19 spending bill in the second half of 2020.
While most analysts are bullish about the continued bull market, Crypto analyst Rekt Capital warned in a recent video that if Bitcoin follows the 2020 pattern, Bull Market will only run for another two months.
Can Bitcoin bounce back support and pull Select Altcoins higher? Analyze the charts of the top 5 cryptocurrencies that look strong on the chart.
Bitcoin price forecast
Buyers tried to push Bitcoin above the $110,500 resistance on Thursday, but the bear held the ground.
Sellers have pulled prices back below the downtrend line. This is a negative indication. Buyers are expected to defend their moving averages vigorously. Because the BTC/USDT pair could drop to $105,000 and then fall into psychological support at $100,000, which is expected to be a fierce defense of the moving average.
Instead, if prices suddenly recover from the moving average, it suggests positive emotions. This brings the highest rally ever to $111,980, followed by an improved neckline with a reverse head and shoulder pattern of nearly $113,500.
The pair are immersed in a moving average of 50 simple on the four-hour chart, with the Bulls trying to arrest Pullback. When prices rise from current levels and exceed the downtrend line, demand will be shown at a lower level. The Bulls try to push in the pair that’s over $110,500 again. That way you’ll increase the chances of meetings up to $113,500.
On the contrary, if the price is below 50-SMA, it indicates profit booking by short-term buyers. The pair then risks a decline to $105,000. Buyers are expected to defend the $105,000 level on all forces, as near it could extend the decline to $100,000.
BNB Price Prediction
BNB (BNB) rebounded from breakout levels on Wednesday, surpassing the 50-day SMA ($654).
The bears are trying to pull below moving average prices, but the bull is expected to defend the level. If the price rises from the moving average and rises above $665, the BNB/USDT pair could rise to $675. The seller again tries to stop the up move at $675, but if the Bulls win, the pair could reach $698.
This optimism will be rejected in the near future if prices fall below the moving average and re-enter them into the descending channel. It shows that the market has refused to breakouts above the channel.
The Bears pulled the price out to the 50-SMA on the 4-hour chart. Flattening 20-EMA and RSI just below the midpoint do not give any clear advantages to bulls and bears.
Buyers should push for a pair that exceeds $665 to gain an edge. The pair then goes to $675 and then $698. Alternatively, a sub-moving average rest suggests that the bull is losing grip. The pair may then slip to $640.
Solana price forecast
The Bulls’ repeated failure to clear the $159 hurdle with Solana (SOL) has launched a pullback below the 20-day EMA ($148).
Flattish 20-day EMA and RSI just below midpoint show the balance between supply and demand. Buyers will return to the driver’s seat if they propel Sol/USDT pairs above $159. This will bring the rally path to $168 and then $185.
Conversely, below the 20-day SMA suggests that the bear has overwhelmed the bull. The pair could fall into critical support for $140. This is an essential level for the Bulls to protect. Because the break below could sink the pair to $126.
The Bulls failed to defend the 50-SMA on the 4-hour chart is a negative indication. The pair could fall to $145. This is an important level to note. If the price recovers $145 with strength, it indicates that you will buy it in dip. The Bulls then try to kick the pair to $159. Approaching over $159 completes a bullish inverse H&S pattern with target objectives of $192.
Conversely, if you fall below $145, you can sink the pair to $137. Buyers are expected to defend the $137 level vigorously as the break below could pull the pair to $130.
Related: Bitcoin’s third flop at $110K puts the Bulls at risk: See BTC price levels
Chain Link Price Prediction
ChainLink rose above the 20-day EMA ($13.32) on Wednesday, but the Bulls were unable to stab the 50-day SMA ($14.09) on Thursday. It suggests that the bears are active at a higher level.
The Link/USDT pair could drop to $12.73. This is an important level to be aware of. If the price recovers $12.73 in strength, the Bulls will try to propel the pair again on top of the 50-day SMA. If they can do that, the pair could go up to $15.66 and then surge to $18.
Contrary to this assumption, if the price extends the slide and falls below $12.73, it suggests that the bear is about to seize control. A break and a drop below $12.73 could potentially sink the pair to $11.
The failure to maintain above the pair’s resistance suggests that the bear is about to catch an aggressive bull. The pair could fall to $12.73 and the Bulls are expected to make a strong defense. If the price rises from $12.73, the Bulls will once again try to drive a pair that exceeds $14.10. Doing that could lead to a pair of $15.77.
Instead, breaks and closures below $12.73 could accelerate sales. The pair could then drop to $11.50.
Aave price forecast
Aave (Aave) faces resistance at $286, but the positive sign is that the Bulls are not allowing prices to fall below the moving average.
Movement of upslopes shows an advantage for buyers on average, but RSI near the midpoint indicates weak bullish momentum. If the price rebounds the moving average with intensity, the Bulls try to drive the Aave/USDT pair over $286. If they can pull it apart, the pair might jump to $325.
This positive view is void when prices continue to fall and fall below the moving average. Such a move indicates that the bull has given up. The pair can be soaked in $240 and then in $220.
The pair were turned down from $286, indicating that the bear is actively defending Level. When prices rebound from the uptrend line and rise above the 20-EMA on the 4-hour chart, they show solids demand at a lower level. The Bulls try to push the pair that’s over $286 again. If they succeed, the pair could ralend for $295 and then $310.
A break below the uptrend line suggests that the bull is losing its grip. The pair could then plummet to $248. This is an important level of support to be aware of. If the $248 level breaks, the pair may plummet to $220.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
