Bitcoin bulls defended the $107,000 level, but the net outflows from the spot Bitcoin ETFs increase the risk of a breakdown in the near term.
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 AnalysisPrice predictions 10/22: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM Bitcoin is at a crucial juncture because a daily close below the $107,000 support clears the path for a drop to the psychological level of $100,000. 
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- Price AnalysisPrice predictions 10/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE Bitcoin and the major altcoins witnessed solid buying at lower levels, but a sustained relief rally is unlikely as the bears are expected to sell at higher levels. 
- Price AnalysisPrice predictions 10/10: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, SUI Bitcoin fell below $116,000, but some analysts remain unfazed as they anticipate solid buying to emerge at lower levels. 
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- Price AnalysisPrice predictions 10/6: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. If the buying pace sustains, BTC’s next stop could be $142,000. 
- Price AnalysisPrice predictions 10/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, SUI Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high. 
- Price AnalysisPrice predictions 10/1: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX Bitcoin started October on a strong note by rallying to $118,200. That clears the path for BTC to chase new all-time highs. Which altcoins could follow? 
- Price AnalysisPrice predictions 9/29: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bulls lift their short-term Bitcoin price target to $117,500 as BTC holds steady and several altcoins reclaim the pre-crash trading levels. 
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- Price AnalysisPrice predictions 9/22: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE Bitcoin’s sharp fall resulted in the biggest long liquidation in a 24-hour period, and the sell-off pulled many altcoins below their immediate support levels. 
- Price AnalysisPrice predictions 9/19: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX Bitcoin faced solid selling at $117,500, but the real test is whether bulls can maintain BTC price above $115,500. Meanwhile, most altcoins are expected to rise higher. 
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