Key points:
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Bitcoin Bulls will quickly postpone the price above the 20-day EMA to prevent collapse at $ 105,000.
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The shallow withdrawal in certain Altcoins suggests that investors do not hurry to sell them because they anticipate the movement of the UP to continue.
Bitcoin (BTC) is trying to exceed $ 110,000, but the Bears defend the level. The cryptocurrency Santiment Crypto-Marché’s feeling platform said in a report that “buying down” mentions increased on social networks, reporting more decline. Santiment said that a real background is formed when there is “a general fear and a lack of interest in purchase”.
Another negative for Bulls is that September was largely negative for the BTC. According to Coinglass data, BTC has closed September in the Red eight times since 2013, with an average slide of 3.80%.
Despite seasonal weakness and decline in the BTC and the main altcoins, institutional investors continued their purchases. Digital Asset Investment Products experienced $ 2.48 billion from entries last week, reversing $ 1.4 billion outings in the previous week, according to Coinshares.
Could the BTC go up above $ 110,530, drawing higher eth and altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Price prediction of the S&P 500 index
The S&P 500 (SPX) index remains in an upward trend, but the negative divergence on the relative resistance index (RSI) suggests that the bullish impulse is weakening.
The Bears will try to draw the price below the 20 -day exponential mobile average (EMA (6,418). If they can withdraw it, the index could drop to the simple 50 -day mobile average (SMA) (6,316), then at the escape of 6,147.
Buyers should fiercely defend the area between the SMA of 50 days and 6,147 because a break below indicates a short -term summit. The correction could then improve at 5,950.
Price prediction of the US dollar index
Buyers pushed the US dollar index (DXY) above the mobile averages on August 25 but could not maintain the higher levels.
The index was lowered and closed below the mobile averages on Thursday, indicating that the bears are trying to gain the upper hand. There is a minor support at 97.55, but if the level cracks, the following stop could be 97.10 then 96.37.
Bulls will have to quickly launch the price above level 99 to prevent the drawback. If they manage to do so, the index could reach the level of 100.50. The sellers will try to defend the level of 100.50, but if the Bulls prevail, the gathering could reach the resistance of the 102.
Bitcoin price prediction
BTC plunged below the support of $ 110,530 on Friday, indicating that the Bears are trying to take care of.
It is unlikely that the Bulls easily abandon and will try to make a return. They will try to postpone the price above the 20-day EMA ($ 112,566) but are expected to cope with a significant resistance of bears.
If the BTC / USDT pair turns heavily from the 20 -day EMA, this indicates a negative feeling. This increases the possibility of a drop to $ 105,000, then to $ 100,000.
Alternatively, a rupture and a closure above the 20-day EMA suggests that the sale of dryers at lower levels. The price of Bitcoin can then climb SMA of 50 days ($ 115,918).
Ether price prediction
ETH (ETH) attended a difficult battle between the Bulls and the 20 -day EMA Bears ($ 4,378).
The EMA at 20 days at 20 days and the RSI near the median point do not give a clear advantage to the Bulls or the Bears. If the price unscrewed below the 20 -day EMA, the ETH / USDT pair could drop to $ 4,094. This is a critical level to defend the Bulls because a break below opens the doors for a fall at $ 3,745, then to $ 3,350.
Uplining, buyers will have to push the price of the ether higher to the resistance of $ 4,957 to report the recovery of the upward trend. The pair could then soar around $ 5,500.
XRP price prediction
XRP (XRP) continued its slide to reach the crucial support of $ 2.73, where buyers should intervene.
Any recovery attempt is likely to cope with the 20 -day EMA sale ($ 2.94). If the price drops sharply from the 20 -day EMA, the XRP / USDT pair may fall below $ 2.73 support. The XRP price will then finish a Bearish descending triangle motif, eliminating the path for collapse at $ 2.33.
Buyers have a difficult task in front of them. They will have to push and maintain the XRP price above the downward trend line to report a return. The pair can then increase to $ 3.40.
Price prediction BNB
Buyers are trying to maintain the BNB (BNB) above the 20-day EMA ($ 847), but it is unlikely that bears will easily abandon.
The negative divergence on the RSI suggests that the 20 -day EMA may decompose. If this happens, the BNB / USDT pair could drop to the 50 -day SMA ($ 804).
Unlike this hypothesis, if the price is revealed in relation to the 20 -day EMA and exceeds $ 881, it indicates that the bulls remain in control. This improves the prospects for a break greater than $ 900. The BNB price could then start the next step in the upward trend towards the psychological level of $ 1,000.
Solana price prediction
Solana (soil) fell and broke below the break level of $ 210 on Friday, indicating that bears try to trap the aggressive bulls.
The ground / USDT pair is likely to find support in the area between the 20 -day EMA (195) and the trend line. If the price bounces from the line of upward trend with force, the Bulls will try to drive the pair over $ 218. If they manage to do so, Solana’s price could increase to $ 240 and later to $ 260.
Unlike a breakup and a closure below the increased trend line invalidates the pattern of Haussier ascending triangle. This could intensify the sale, pull the pair at $ 175 and then at $ 155.
In relation: Will the XRP price drop to $ 2 or to a reverse course?
Dogecoin price prediction
Dogecoin (DOGE) fell again in support of $ 0.21, indicating that bears sell minor rallies.
The 20 -day EMA ($ 0.22) started to decrease gradually, and the RSI is just below the median point, indicating that bears have a light edge. This increases the risk of a rupture of less than $ 0.21. The DOGE / USDT pair can then fall to $ 0.19.
This negative view will be invalidated in the short term if the price is very close to $ 0.21 and exceeds the SMA of 50 days ($ 0.22). This suggests that the price of Dogecoin can swing between $ 0.21 and $ 0.26 for a few more days.
Cardano price prediction
Buyers tried to block the withdrawal from Cardano (ADA) to SMA of 50 days ($ 0.82), but the Bears maintained their sales pressure.
The ADA / USDT pair ended below the 50 -day SMA on Sunday, starting the passage to the support line of the downhill channel model. Buyers will try to defend the support line, but the rescue rally should face the 20 -day EMA sale ($ 0.84). If the price drops sharply from 20 days EMA, the probability of a drop to $ 0.68 increases.
Buyers will have to propel the price of Cardano over the downline line to report a return. The pair could then get back to $ 1.02.
Online price prediction
ChainLink (Link) slipped below the 20-day EMA ($ 23.45) on Saturday, and the Bears thwarted the Bulls attempts to push the price above Sunday.
Sellers will try to strengthen their position by pulling the chain link at $ 21.36, then at SMA of 50 days ($ 20.69). Buyers should defend SMA of 50 days, because a break below can flow the pair of links / USDT to the ascending trend line. The more the withdrawal, the more likely it is that it probably takes for the next step in the trend to increase.
The first sign of strength will be at a fence above the 20-day EMA. This suggests solid purchases at lower levels. Bulls will have to identify resistance to general costs of $ 27 to resume the upward trend.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.