Key Points:
Bitcoin fell below Sunday’s $100,000 support, but the rebound could depend on how US stock futures are open.
Bitcoin’s weaknesses have elicited ETH, XRP, SOL and hype, which are below their respective support levels.
Bitcoin (BTC) is below the psychological $100,000 support on Sunday as traders digested US strikes at Iran’s nuclear facility. Popular trader Cas Abbe said in X’s post that Bitcoin could fall towards the $93,000-$94,000 zone before it began its reversal.
Bitcoin’s weaknesses have spread to several major altcoins that have entered deeper fixes by falling below their respective support levels. This suggests that emotions have worsened, and traders are removing risk from the table.
But the positive sign is that analysts will remain bullish on Bitcoin in the long term. Real Vision CEO Raoul Pal said in a recent video that the current crypto cycle is similar to the patterns seen in 2017. He expects the crypto cycle to expand in 2026 quarter.
Can the Bitcoin Bulls push the price back past $100,000, or will the bears keep in control? Does Select Altcoins find lower level buyers? Check out the charts and look them up.
Bitcoin price forecast
Bitcoin defeated its 50-day simple moving average ($104,788) on Friday and $100,000 support on Sunday.
The moving average is on the bearish crossover crisis, and the relative strength index (RSI) is in the negative territory, indicating that the bear is in control. A price falls below $100,000 could boost sales, increasing the BTC/USDT pair to $93,000.
Buyers need to prevent short-term downsides at prices above the 20-day index moving average ($104,616). The pair could then go up to the downtrend line. This could pose a major challenge for the Bulls.
The pair completed a bearish descending triangle pattern near the $100,700 level. The pattern target for a negative setup is $89,420, but the Bulls rarely give up easily.
Buyers try to start a relief rally. This could face sales at $100,700 and 20-EMA. If the price drops from overhead resistance, the pair could deepen the correction.
The Bulls will need to drive and maintain prices above 50-SMA to begin a meaningful recovery.
Ether Price Prediction
Ether (ETH) declined from the 20-day EMA ($2,487) and fell below the 50-day SMA ($2,481) on Friday.
Sales continued on Saturday, with the ETH/USDT pair below $2,323 support. The buyer tried to push the price back past the $2,323 breakdown level, but sales by the Bears were updated and the pair was drawn near the $2,111 support. The Bulls are trying to defend the $2,111 level with a strong break below that could sink the pair to $1,754.
If the price rebounds from $2,111, the Bulls should push the pair back over the 20-day EMA, suggesting that the short-term fix may have ended.
The pair can find support at the $2,111 level, but the rebound is expected to face strong sales at a breakdown level of $2,323. When prices drop sharply from $2,323, the Bears try to sink a pair that is under $2,111 again.
Conversely, if the Bulls successfully adhere to the $2,111 level, the pair could form range in the short term. The pair may swing between $2,111 and $2,323 for a while. Sales pressure can weaken near the 50-SMA.
XRP Price Forecast
XRP (XRP) resolved to the downside in the $2-2.65 range on Sunday, indicating an increase in sales pressure from bears.
If the price is less than $2, the XRP/USDT pair could fall to $1.61 support. Buyers are expected to actively adhere to the $1.61 level. Because less than that could start to collapse to $1.28.
The Bulls need to quickly push back prices beyond the $2 breakdown level to prevent breakdowns. The pair can then rise to a moving average, and the bear can pose a strong challenge.
The Bulls tried to start bounces with a $2 support, but the Bears were actively sold near the 20-EMA on the 4-hour chart. The price was denied, falling below $2 support and pulling the RSI into oversold territory. This suggests that rescue rally is possible in the short term.
The advantage is that the Bears can sell recovery attempts for more than $2 at 20-EMA. As prices drop sharply from overhead resistance, the pair is even more at the downside. Near above the 50-SMA is the first sign that sales pressure is falling.
Related: Here’s what happened with Crypto today
Solana price forecast
Solana (Sol) completed the bearish H&S pattern when prices fell below the $140 support on Saturday.
The Bulls try to start a recovery, but could face a 20-day EMA sale ($148) sale. As prices drop from the 20-day EMA, the Sol/USDT pair will plunge into $110 support and ultimately plunge into the $93 pattern target.
Conversely, breaks and closures above the 20-day EMA suggest robust demand at lower levels. The pair could rise to a 50-day SMA ($160). This can behave as a strong obstacle.
The downslope movement commands the average signal that Bear is commanding, while the sold levels on the RSI refer to possible relief rally in the short term. An attempt to recover could face sales at a $140 breakdown level. When the price drops from $140, the Bears try to resume their downward movement.
Buyers must push and maintain prices above 50-SMA to indicate a comeback. This will bring the Relie Flory door to $149 and then $158.
High lipid price forecast
Repeated failures to maintain prices above $42.50 indicate that they are in a hurry to book profits by starting a sharp fix with high lipids (hype).
The Bulls held a 50-day SMA ($32.26) on Saturday, but the bounce was sold. This increases the chances of a break below the 50-day SMA. The Hype/USDT pair could drop to a breakout level of $28.50.
The buyer may have other plans. They defend their 50 days of SMA and try to push prices back beyond the 20 day of EMA. If they manage to do so, the pair can climb to $40.
The average of both movements is tilted, with the RSI in the negative zone of the 4-hour chart. Pull bags to 20-EMA may be sold. There’s minor support for $30.50, but it could break. The pair could then plummet to solid support at $28.50.
The first sign of strength is the break and close above the 20-EMA. It suggests that the bears are losing their grip. The pair can rise to 50-SMA, which can again attract sellers.
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.
