Key points:
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Bitcoin is trying to support nearly $ 112,000, but higher levels are likely to attract sale by the Bears.
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The deep removal in several Altcoins suggests that the next step in the UP movement may not occur in a hurry.
Bitcoin bulls (BTC) are trying to maintain the price of more than $ 115,000, but are facing high resistance from bears. Arthur Hayes, chief investment director of the Maelstrom fund, said in a comment to an X position that the slow credit market and slows the job creation could flow the BTC at $ 100,000 and the ether (ETH) at $ 3,000.
Fund flows of the FNB and FNB ETF of BTC, the Fonds of ETF and the FET, also showed caution among the merchants. Friday, Bitcoin ETF recorded net outings of $ 812.25 million, and ETFSEUM ETF experienced $ 152.26 million in outings, ending an entry sequence of 20 days per data from Sosovalue.
However, short -term uncertainty did not prevent public companies from buying more BTC and ETH. Japanese investment company Metaplanet said on Monday that it had acquired 463 BTC at an average price of around $ 115,895, increasing its assets to 17,595 BTC.
On similar lines, Sharplink bought 30,755 ETH at an average price of $ 3,530, bringing the total assets of the company to 480,031 ETH.
Could the BTC exceed its resistance to general costs? Will it start a recovery in 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 index (SPX) has reached a new summit of all time on Thursday, but has experienced a profits reservation at higher levels.
The sale continued on Friday, pulling the price below the simple 20 -day mobile average (6,306). The Bulls are trying to return to the driver’s seat by postponing the price above the 20-day SMA on Monday. If they succeed, the index could retest the summit of 6,427.
On the contrary, if the price decreases compared to the 20 -day SMA, this suggests that the rallies are sold. The index could then descend to SMA of 50 days (6,139), which is likely to attract buyers.
Price prediction of the US dollar index
The US dollar index (DXY) broke out above 50 days SMA (98.29) on July 28, but rejected resistance to the general costs of 100.54 on Friday.
The Bulls try to stop the withdrawal near the mobile averages, which indicates that the reduced sales pressure. If the price is revealed from the current level and exceeds 100.54, recovery could reach level 102. A rupture and a closure above 102 suggests that a short-term background is in place.
Sellers will have to draw the price below the medium of moving to maintain the advantage. If they do this, the index could drop to 97.10.
Bitcoin price prediction
Friday, BTC fell below the neckline of the opposite pattern of the head and shoulders, but found support for the 50 -day SMA ($ 112,262).
The 20 -day SMA ($ 117,237) started to refuse, and the RSI is just below the median point, indicating that the Bears are trying to make a return. The rescue rally should face the sale in the area between the neckline and the 20 -day SMA.
In relation: Did you buy the dip of $ 112,000? 5 Bitcoin’s Bull Run panels is about to come back
The risk of decrease below critical support at $ 110,530 increases if the price drops in the resistance zone. In this case, the BTC / USDT pair can collapse at $ 105,000, then at $ 100,000.
Buyers will have to push and maintain the price above the 20-day SMA to take control. If they do this, the pair could retest the resistance area from $ 120,000 to $ 123,218.
Ether price prediction
ETH supports the area between the Fibonacci trace level at 50% of $ 3,422 and the level of trace of 61.8% of $ 3,300.
The rescue rally is expected to cope with the 20 -day SMA sale ($ 3,652), but if the Bulls prevail, the ETH / USDT pair could reach $ 3,941 and finally at $ 4,094. Sellers should set up a solid defense at $ 4,094.
Conversely, if the price decreases compared to the SMA of 20 days and is broken down below $ 3,354, this indicates that the bulls lose their grip. This increases the risk of falling SMA by 50 days ($ 3,013).
XRP price prediction
XRP (XRP) fell below $ 2.95 on Saturday, but rebounded the 50 -day SMA ($ 2.66) on Sunday, indicating the purchase at lower levels.
The XRP / USDT pair could reach 20 -day SMA ($ 3.19), where bears should intervene. If the price decreases compared to the 20 -day SMA, the pair can be stuck between the mobile averages for a few more days.
A break and close above the 20-day SMA could erase the path for a gathering at $ 3.33 and later at $ 3.66. On the contrary, a slide below the 50 -day SMA signals the start of a deeper correction at $ 2.40.
Price prediction BNB
BNB (BNB) plunged below the 20 -day SMA ($ 769) Friday and reached the solid support of $ 732 on Saturday.
The BNB / USDT pair rebounded $ 732 on Sunday, but the recovery is likely to cope with high sales in SMA of 20 days. If the price drops sharply compared to the 20 -day SMA, the Bears will try to sink the pair below $ 732. If they can remove it, the pair could go to SMA of 50 days ($ 702).
On the contrary, a break and a closure above the 20-day SMA suggests solid purchases on the hollows. The pair can climb to $ 794 and, after that, at $ 815.
Solana price prediction
The sellers fired Solana (ground) below the 50 -day SMA ($ 161) on Saturday but could not maintain the lower levels.
Flattered mobile averages and the RSI in the negative area give a clear advantage to bulls or bear. The ground / USDT pair could be negotiated between the mobile averages for a while.
A break and close above the 20-day SMA ($ 179) inclines the advantage in favor of the Bulls. The pair can then try a gathering at $ 195. On the other hand, a fence below $ 155 gives Bears an edge. The pair can drop to $ 144 and subsequently at $ 137.
Dogecoin price prediction
Dogecoin (DOGE) has been negotiated inside the wide range between $ 0.14 and $ 0.29 for several months.
The flattened moving averages and the RSI on the negative territory indicate that the action linked to the beach can continue for a while. A break and a closure below the 50 -day SMA ($ 0.19) could praise the price with a crucial support at $ 0.14.
The first sign of strength will be at a fence above the 20-day SMA. The DOGE / USDT pair could then reach $ 0.26 and possibly $ 0.29. Sellers should fiercely defend the level of $ 0.29.
Cardano price prediction
Cardano (ADA) appeared compared to the 50 -day SMA ($ 0.68) on Sunday, indicating demand at lower levels.
The two mobile averages have flattened and the RSI is in the middle, indicating a balance between supply and demand. This could keep the ADA / USDT pair stuck between the mobile averages for a while.
Sellers are likely to have other plans. They will endeavor to draw the price below the SMA of 50 days. If they manage to do so, the pair could extend the withdrawal to the solid support at $ 0.50. Buyers will have to push and maintain the price above the 20-day SMA to gain the upper hand.
Stellar price prediction
Stellar (XLM) is trying to bounce back on the Fibonacci trace level of 61.8% of $ 0.34, but the rescue rally should face the SMA sale of 20 days ($ 0.43).
If the price decreases sharply compared to the 20 -day SMA, he suggests that feeling has become negative and that traders sell rallies. This could derive the price of the 50 -day SMA ($ 0.33), which is a crucial support to monitor. If the 50 -day SMA cracks, the XLM / USDT pair could dive at $ 0.29.
Buyers will have to drive and maintain the price above the 20-day SMA to report a return. The pair can then increase to $ 0.46 and later to $ 0.49.
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.
