Bitcoin is facing solid resistance at $117,500, but the possibility of a rally to $124,474 remains high as long as the price remains above the moving averages.
Rakesh Upadhyay
Rakesh Upadhyay is a writer in the Markets team at Cointelegraph, analyzing technical chart patterns for all major cryptocurrencies. Rakesh has a degree in engineering but has been a full-time trader and investor for roughly 20 years. Rakesh was first introduced to cryptocurrency in 2016 and was immediately hooked. He has written for Hacked.com, Currency.com, Oiprice.com, and ExchangeRates.org.uk in the past. Aside from analyzing charts, Rakesh enjoys going to the gym and lifting weights. Rakesh has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Price predictions 9/15: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, HYPE - Price Analysis
Price predictions 9/12: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI Solid inflows into spot Bitcoin ETFs signal sustained demand from the bulls, increasing the likelihood of a break above the $117,500 resistance. Will altcoins follow?
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Price predictions 9/10: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI Bitcoin and altcoins picked up momentum after the softer-than-expected US inflation numbers boosted traders' confidence for a rate cut during the Federal Reserve's next meeting.
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Price predictions 9/8: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Buyers are trying to sustain Bitcoin above $112,500, but the upside may remain capped until the whales reduce their selling and treasury companies increase their demand.
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Price predictions 9/5: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI Bitcoin price pushed closer to its range highs, providing a breakout signal for multiple altcoins. Is it time for altseason?
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Price predictions 9/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI Bitcoin bulls are trying to get back into the driver’s seat by pushing the price above $112,500. Will altcoins follow?
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Price predictions 9/1: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK Bitcoin bulls are trying to push the price back above $110,530, but bears continue to sell breakouts and the range highs. Will altcoins catch a bounce?
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Price predictions 8/29: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI Bitcoin dropped below $108,000 on Friday, and the rest of the crypto market followed. Will $100,000 be BTC's next stop?
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Price predictions 8/25: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK Bitcoin opened the week with a sell-off to $110,530, but BTC and altcoin charts suggest a quick recovery to the trading range averages could occur.
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Price predictions 8/20: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM Bitcoin and Ether are trying to rise from their respective lows, indicating strong buying on the dips.
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Bitcoin falls closer to $110K support: Will a bounce supercharge ETH, BNB, LINK, MNT? Bears continue to attack Bitcoin price as it falls closer the the key $110,530 support. Would a bounce lead to a fast recovery in altcoins?
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Price predictions 8/18: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK Bitcoin is showing signs of exhaustion, suggesting a deeper correction toward the $110,530 support. Will altcoins follow?
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Price predictions 8/15: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM Bitcoin and Ether’s pullback suggests selling on rallies, but buyers are likely to step in at key support levels.
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Price predictions 8/13: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM Bitcoin and Ether look poised to hit new highs soon. Which altcoins could follow?
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Bitcoin holds $118K while ETH, BNB, LINK, UNI aim to extend the altcoin rally Bitcoin holds steady near $118K as ETH, BNB, LINK and UNI show signs of strength, with bulls eyeing key breakouts amid rising ETF inflows and market momentum.
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Price predictions 8/11: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin is facing selling near $123,218, but it remains on track to hit a new all-time high as long as it sustains above $117,000.
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Price predictions 8/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI Bitcoin could challenge the $120,000 to $123,218 resistance zone but crossing it may be a tough ask for the bulls.
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Price predictions 8/6: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner.
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Bitcoin slumps, but LTC, CRO, ENA and MNT remain strong on the charts Bitcoin is facing selling near $115,000, but LTC, CRO, ENA and MNT are bucking the trend and showing strength on the charts.
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Price predictions 8/4: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, XLM Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000.
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Price predictions 8/1: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs.
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Price predictions 7/30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI Bitcoin’s tight consolidation just below $120,000 suggests the bulls are holding on to their positions as they anticipate an uptick in volatility.
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Altcoin rally led by ETH, BNB, AVAX, PENGU likely if Bitcoin range break occurs Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher.
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Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Data shows Bitcoin is preparing for a sharp breakout from its range-bound action in the next few days.
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Price predictions 7/25: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI Bitcoin is at risk of losing the $115,000 support, raising the chance that the recently started altcoin season could abruptly end.
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DOGE news update: Treasury purchases may kickstart rally to $0.29 Bit Origin’s DOGE purchase for its crypto treasury could improve sentiment and boost the altcoin above the $0.29 resistance.
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Bitcoin consolidation expected to end with impulse move to $135K: Data Bitcoin’s tight range hints at a major move — bulls eye $135K if $123K breaks, but a drop below $115K could flip momentum to bears.
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ADA dip buyers defend key support: Will the bounce lead to $1? ADA bounces off $0.75 support as bulls eye a rally toward $1, but resistance at $0.94 could pose a challenge for the next leg higher.
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XRP threatens drop to $3: Will bulls step in to buy the dip? XRP dips below $3.40 after a strong rally, with $3 now a key support. Bulls may step in at lower levels, but failure to hold could signal deeper losses.
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ETH news update: Can SharpLink Gaming, BitMine treasuries send Ether to $4K? Public firms like SharpLink and BitMine are racing to stockpile Ether, fueling speculation that renewed treasury demand could help push ETH toward $4K.