Key points:
– Bitcoin’s recovery above $74,000, supported by strong inflows into US spot BTC ETFs, points to a possible short-term bottom.
– Several major altcoins are testing overhead resistance as they try to join the recovery.
Bitcoin (BTC) bulls pushed price up to about $73,800 on Wednesday. The rebound is being underpinned by US spot BTC ETF inflows—around $683.3 million this week per SoSoValue—suggesting institutional demand may be supporting the move.
Some analysts see signs of a bottom. VanEck CEO Jan van Eck told CNBC that BTC’s four-year cycle may be near its trough and could begin rising gradually this year. 10x Research noted that BTC didn’t crash on risk-off headlines, which could mean downside momentum is fading, though they still classify the market as bearish and view current bullish exposure as tactical rather than structural.
Here’s a succinct look at the top 10 cryptocurrencies’ charts and near-term levels to watch.
Bitcoin price outlook
BTC broke to the upside from a symmetrical triangle, signaling buyer strength. The pair may test $74,508, where sellers could reappear. A rejection there that holds above the 20-day EMA ($68,871) would be constructive and could open a path to $84,000. A sharp reversal from $74,508 and a close below the 20-day EMA would favor bears again.
Ether price outlook
Ether (ETH) is trying to clear stiff resistance at $2,111. A daily close above $2,111 would likely target the 50-day SMA ($2,381), where sellers may defend. A strong rejection from $2,111 and a drop below $1,907 would invalidate the short-term bullish case and could extend consolidation between $2,111 and $1,750.
BNB price outlook
BNB climbed above the 20-day EMA ($636), showing bull control. Clearing $670 could lead to $730, which is expected to see selling; a close above $730 would suggest a near-term bottom and could push toward $790. Failure at $670 may keep BNB rangebound between $570 and $670.
XRP price outlook
XRP has hovered around the 20-day EMA ($1.42). A close above that could lift the pair toward the downtrend line; a decisive close above the downtrend line would hint at a trend change. If XRP is rejected at the 50-day SMA ($1.60) or the downtrend line, it may stay inside the channel longer.
Solana price outlook
Solana (SOL) has been consolidating between $76 and $95, with the 20-day EMA ($86) flattening and RSI near mid. A break above $95 could drive a move to $117, while sellers defending $95 may keep SOL rangebound.
Dogecoin price outlook
DOGE has failed to climb above the 20-day EMA ($0.10), increasing the risk of a drop below $0.09 and potentially to the Feb. 6 low of $0.08. A close below $0.08 could extend losses to $0.06. The first bullish sign would be a close above the 20-day EMA, targeting the 50-day SMA ($0.11) and then $0.12.
Cardano price outlook
ADA turned down from the 20-day EMA ($0.27), but bulls haven’t ceded much ground, suggesting dip buying. A break above the 20-day EMA could push ADA toward the descending channel’s downtrend line; a sustained move above that could target $0.43.
Bitcoin Cash price outlook
BCH held above the $443 support, indicating limited selling pressure lower. Bulls may face resistance at the 20-day EMA ($495). A rejection there could risk a break below $443, completing a bearish head-and-shoulders and targeting $375. A bullish reversal requires a close above the 50-day SMA ($539) to aim for $600.
Hyperliquid price outlook
HYPE bounced off the 20-day EMA ($30.16), showing buyers on dips. Bulls will try to challenge $36.77; a rejection could confine HYPE to a $20.82–$36.77 range. A decisive break above $36.77 would open a move to $43.50 and then $50.
Chainlink price outlook
LINK has been holding the 20-day EMA ($8.96) while the 20-day EMA flattens and RSI sits near midpoint, implying reduced selling pressure. A rally could reach the 50-day SMA ($10.10) and the breakdown level at $10.94, where selling may intensify. A drop below $8 would negate the bullish view and could retest the Feb. 6 low of $7.15.
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