Key points:
– Bitcoin is showing signs of bottoming, though some analysts warn a possible shakeout below $60,000 in the coming months.
– Several major altcoins exhibit early buying, but bulls must do more to confirm a trend change.
Bitcoin (BTC) rose above $72,000 after a US–Iran ceasefire announcement. Bulls failed to close above $72,000 but held most gains, suggesting buyers remain positioned for further recovery. Trader observations note BTC’s daily stochastic RSI is painting a setup similar to late 2022 before a sharp rally. Others warn the bear trend might be ending yet still expect a potential sharp $15K-ish shakeout within months.
Bitcoin price prediction
BTC cleared the moving averages and $72,000 resistance, indicating solid buying. Sellers are likely to defend the $72,000–$76,000 zone; a decisive close above it would complete an ascending triangle and could push BTC toward $84,000. A close below the moving averages would be the first sign of weakness and could increase the risk of a drop back to the $62,500–$60,000 support zone.
Ether (ETH)
ETH bounced off its 50-day SMA (~$2,059) and moved above $2,200. The 20-day EMA is turning up and RSI is positive, favoring upside. Resistance lies at $2,400; clearing that could extend gains toward $2,800. Bears need to push ETH below the moving averages to regain control; declines could target $1,918 and then $1,750.
XRP
XRP’s rebound from $1.27 reached the moving averages, a key resistance. A move above the moving averages would open a path to $1.61 and the downtrend line of the channel; a clean break above that could signal a trend change. A close below $1.27 favors bears and risks a fall to $1.11 and the channel support near $1.
BNB
BNB has been range-bound between $570 and $687, with buying at support and selling at resistance. Flat moving averages and neutral RSI suggest consolidation may continue. A breakout above $687 could target $730 and $790; a break below $570 could slide BNB toward $500.
Solana (SOL)
SOL is trying to rise above the moving averages but faces resistance. Neutral indicators give no clear edge. A break above the moving averages puts $98 in view; a close above $98 would strengthen bulls. A break and close below $76 would favor bears, risking declines to $67 and $50.
Dogecoin (DOGE)
DOGE climbed above the moving averages but meets resistance at a downtrend line. If sellers push DOGE below $0.09, a descending triangle would complete with a target near $0.06. Conversely, a close above the downtrend line would invalidate the bearish pattern and could lift DOGE to $0.11–$0.12.
Hyperliquid (HYPE)
HYPE closed above the 20-day EMA (~$37.28), suggesting the correction may be over. Bulls may aim for the $41.59–$43.76 zone and, if cleared, a move to $50. The bullish view would be negated if price falls below the 50-day SMA (~$34.80), exposing a potential slide to $29.42.
Cardano (ADA)
Buyers pushed ADA to the 50-day SMA (~$0.26), indicating a recovery attempt. A break above the 50-day SMA could target the channel’s downtrend line; a close above that would hint at a trend shift. Sellers will try to defend the downtrend line and drag ADA below the moving averages to keep it inside the channel.
Bitcoin Cash (BCH)
BCH buyers are defending the breakdown level of $443 but face heavy resistance. A failure at the moving averages and a break below $420 would signal renewed downside toward $375. A close above the moving averages would suggest rejection of the $443 breakdown and could lift BCH to $520–$540.
Chainlink (LINK)
LINK closed above the moving averages, opening a path to the $8–$10 range. Sellers are expected to defend $10. Bulls need to clear and hold above $10 to target $10.94 and $11.61. A break below $8 would favor bears, risking $7.15 and a pattern target near $6.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
