Key points:
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Bitcoin is preparing for an expansion of scope in the coming days, and the trend promotes bulls.
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ETH, BNB, Avax and Pengu seek a possible upward movement.
Bitcoin (BTC) has failed to exceed $ 120,000, but a positive sign is that the Bulls have not given up a lot of ground to the Bears. Investors have again resumed money in the BTC’s negotiated BTC -negotiated funds, which have experienced net entries in the last three days of negotiation, according to Farside Investors data.
The American billionaire and the healing fund manager Ray Dalio said during an appearance on the Podcast Master Investor that an allocation of 15% at BTC or Gold could optimize the “best risk ratio” and act as coverage against the devulation of the Fiat.
The consolidation of BTC near the highs has changed investors in terms of concentration on ether (ETH) and other selected altcoins. Ether core cash companies have acquired approximately 1% of the total supply of ETH since early June, and this number could possibly increase 10x compared to current levels, according to a new Chartered Standard report shared with Cintelelegraph.
Several other companies have revealed plans to add altcoins selected to their treasure, suggesting increased institutional interest.
Let’s analyze the graphics of the first 5 cryptocurrencies that seem strong on short-term graphics.
Bitcoin price prediction
Buyers failed to propel the BTC over the resistance of $ 120,000, indicating a lack of demand at higher levels.
The simple mobile average at 20 days ($ 118,170) and the relative force index (RSI) on the positive territory improve the prospects of an upward break. If buyers overcome the barrier at $ 123,218, the BTC / USDT pair could rise to $ 135,729 and subsequently the model of $ 150,000.
Conversely, if the price drops and decomposes below $ 115,000, he suggests that the profit book by short -term traders. The pair can dive into the inverse pattern of the head and shoulders, then at $ 110,530. Buyers should defend the level of $ 110,530 with all their forces, because a break below increases the risk of decline to $ 100,000.
The two mobile averages have flattened on the 4 -hour table, and the RSI is just below the median point, signaling a balance between supply and demand. A break and a closure above $ 120,000 suggests that the bulls are trying to support. The pair can then challenge the resistance to the general costs of $ 123,218.
Lowering, a break and a closure below $ 114,723 moves the balance in favor of bears. This could attract the pair to a solid support at $ 110,530.
Ether price prediction
ETH went from $ 3,941, but the Bulls try to maintain the price of more than $ 3,745. This suggests that bulls are trying to switch the level in support.
The high -end 20 -day SMA ($ 3,473) and the RSI in the Surachat area indicate an advantage for buyers. If the price presents and exceeds $ 3,941, the ETH / USDT pair could contest the level of $ 4,094. Sellers should fiercely defend the level of $ 4,094 because a break and close above could propel the pair at $ 4,868.
This positive view will be invalidated in the short term if the price drops and breaks below the 20 -day SMA. If this happens, the pair can enter a deeper correction to $ 3,250.
The price rebounded on the support of $ 3,745, but the Bulls could not erase the obstacle to $ 3,941. This pulled the pair in $ 3,745. A break and a closure below $ 3,745 could trap the aggressive bulls, pulling the pair at $ 3,500. Buyers should defend the level of $ 3,500 because a break below could start a deeper correction to $ 3,250.
Bulls will have to exceed the price of more than $ 3,941 to take control. The pair could then go up to $ 4,094, where bears should intervene.
Price prediction BNB
BNB (BNB) is withdrawn from $ 861 on Monday, indicating the reservation of profits by short -term buyers.
The BNB / USDT pair could dive at the $ 794 escape, which is a vital support level to monitor. If the price bounces $ 794, it suggests that the Bulls have overturned the level of support. This improves the prospects for a break greater than $ 861. If this happens, the pair can come together at $ 900 and possibly $ 1,000.
Alternatively, a break and close below $ 794 indicates that the bulls close their pressed positions. The pair can dive at $ 761, a critical level for the bulls to defend.
The pair plunged below 20-SMA on the 4-hour graph, indicating the sale at higher levels. The pair can tumble at the 50-SMA, which is a critical level to watch. A break and close below the 50-SMA could run the pair at $ 761.
On the other hand, a solid rebound on the 50-SMA suggests a demand at lower levels. Bulls will try to push the price above 20-SMA. If they succeed, the pair could retest the resistance of $ 861. A break and a closure above $ 861 could start the next stage in the trend at $ 900.
In relation: Bitcoin analysts say it must happen so that BTC Price is reaching new heights
Avalanche price prediction
The avalanche (AVAX) is consolidated between $ 15.27 and $ 27.38 for several weeks, indicating the purchase on the hollows and the sale of gatherings.
The 20 -day high -end SMA ($ 23.52) and the RSI in the positive area suggest that buyers have the upper hand. If the Bulls pierce the resistance of $ 27.38, the Avx / USDT pair could start a new movement. The pair could come together at $ 36, then to the target target of $ 39.49.
On the contrary, if the price decreases and breaks below the 20 -day SMA, it suggests that the Bulls have abandoned. This could flow the pair in SMA of 50 days ($ 20.48), extending the stay inside the range for a little more time.
The pair went strongly from $ 27.38 and broke below the 50-SMA on the 4-hour table. This suggests that the bulls rush to the exit. This can flow the pair at $ 23, which should act as strong support.
If the price amounts to $ 23 and exceeds 20 SMA, it suggests solid purchases at lower levels. The Bulls will then try to push the pair at $ 27.38. A rupture and close above the resistance above could start the next stage of the movement towards the UP.
Price of the prices of the grassy penguins
The fatty penguins (Pingou) have rallied in recent days, but the bulls are faced with significant resistance at $ 0.046.
The high -end mobile averages and the RSI on the positive territory suggest that buyers have the advantage. If buyers stimulate the price of more than $ 0.046, the PEGGU / USDT pair could start the next UP stage at $ 0.054 and later at $ 0.065.
The 20 -day SMA ($ 0.033) is the crucial support to be monitored when falling. A break and close below the 20 -day SMA indicates that the bulls reserve profits. This can run the pair at $ 0.028.
The price fell from the resistance to the general costs of 0.046 and broke below the 50 SMA on the graph of 4 hours. The next drop in decline is $ 0.035. If the price bounces $ 0.035, it signals the request at lower levels. This can keep the pair stuck in a beach between $ 0.035 and $ 0.046 for a while.
The Bears will gain the upper hand on a break and close below the support of $ 0.035. This opens the doors for a drop at $ 0.028.
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.
