Key points:
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Bitcoin opened the week with a force while the bulls target new peaks in BTC and Altcoins.
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Many major altcoins are stuck in a range, but the beaten media shows signs of strength.
Bitcoin (BTC) made a solid start to the week, sprint to the resistance area for general costs from $ 109,588 to $ 111,980. This higher climb may have been triggered due to the optimistic expectations of American-Chinese commercial talks in London.
The abbe case trader said in an article on X that Bitcoin is likely to attend a major decision, perhaps more than $ 109,000 at $ 110,000. Abbe noted that $ 15.11 billion in shorts would be liquidated if Bitcoin goes up to 10% compared to current levels. On the other hand, a decrease of 10% risks risks liquidating of $ 9.58 billion in long positions.
Although most analysts believe that Bitcoin’s long -term trajectory is increasing, some anticipate a short -term drop before resuming the upward trend. Swissblock Private Swissblock anticipates a drop to $ 104,000, while analyst Mickybull Crypto expects a fall at $ 101,500.
Could buyers propel Bitcoin over the top of all time of $ 111,980, drawing higher 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) extended its recovery last week and the Bulls try to rely on the momentum on June 9.
The exponential mobile average at 20 days (EMA) (5,883) and the relative force index (RSI) in the positive territory indicate that the bulls are in control. Buyers will try to push the price to the resistance to general costs of 6,147.
The upper assembly may not be easy because sellers should defend the zone from 6,000 to 6,147 with all their forces. The first sign of weakness will be a break and close below the 20 -day EMA, opening the doors for a fall at 5,767.
Price prediction of the US dollar index
Buyers are trying to start a recovery in the US dollar index (Dxy) but are faced with sale near the 20 -day EMA (99.49).
The Bears will try to flow the index at 97.92, a significant level of support to monitor. A rupture and close below level 97.92 signals the recovery of the downward trend. The index could then extend the drop to 95.67.
This negative view will be invalidated in the short term if the price turns out to be and moved above the 50-day simple mobile average (SMA) (100.30). The index could then jump to resistance to general costs at 102.
Bitcoin price prediction
Bitcoin exceeded 20 days ($ 105,296) on June 7, and the Bulls released the obstacle above $ 106,794 on June 9.
The action of the prices of the last days has formed an inverted head and shoulder motif, which will end on a break and will close above the neckline nearly $ 112,700. If this happens, the pair could skyrocket towards the objective of model of $ 146,892.
Alternatively, if the price decreases and breaks below the 20 -day EMA, it indicates that bears are active at higher levels. The BTC / USDT pair could then dive to a solid support at $ 100,000. Bulls should defend the level of $ 100,000 with all their might, as a break below can deepen the decline at $ 93,000.
Ether price prediction
Ether (ETH) has consolidated between $ 2,323 and $ 2,738 for a few days, indicating a difficult battle between the Bulls and the Bears.
If the price is maintained above the 20-day EMA ($ 2,515), the ETH / USDT pair could gather at $ 2,738. This is a critical resistance for the Bears to defend because if the level is removed, the pair could rise to $ 3,000, then to $ 3,153.
Unlike this hypothesis, if the price drops sharply from the current level, it suggests that bears are trying to take care of. The trend will promote bears in the event of a break and closes below the SMA of 50 days ($ 2,284). The pair could then collapse at $ 2,111.
XRP price prediction
XRP (XRP) has been limited between $ 2 and $ 2.65 in recent days, indicating a balance between supply and demand.
Flattered mobile averages and the RSI near the median point do not give a clear advantage or to the Bulls or the Bears. If the price exceeds mobile averages, the XRP / USDT pair could rise to the resistance to general costs of $ 2.65.
Conversely, if the price drops sharply from mobile averages, the Bears will try to sink the pair below the $ 2 support. If they can withdraw it, the pair could reset the vital support at $ 1.61.
Price prediction BNB
BNB (BNB) has ancillary between $ 693 and $ 634 for a few days, reporting the purchase near support and sale near the resistance to general costs.
If buyers stimulate the price above the 20-day EMA ($ 655), the BNB / USDT pair could extend its stay inside the range for a while. The next step in the UP movement could start after buyers inaugurated the price of more than $ 693. The pair could then come together at $ 732.
Sellers are likely to have other plans. They will endeavor to stop the EMA rescue rally of 20 days. If they do, the pair risks falling below the support of $ 634. If this happens, the pair could drop to $ 580.
Solana price prediction
Solana (soil) appeared by the support of $ 140 on June 5, but the recovery is likely to deal with a 20 -day EMA resistance ($ 158).
If the price drops sharply from mobile mediums, the Bears will try to pull the ground / USDT pair below $ 140. If they succeed, the pair could increase to $ 123 and subsequently to solid support at $ 110.
Conversely, if the price pierces the mobile averages, this suggests that the Bears lose their grip. The pair could try a gathering up to $ 185, where sellers should make a strong challenge.
In relation: The XRP price will reach $ 25 if ETF approved, then crush 90%, says a new analysis
Dogecoin price prediction
DOGECOIN (DOGE) finds support near the level of $ 0.16, but Bulls find it difficult to maintain higher levels.
The 20 -day EMA broken down ($ 0.19) and the RSI on the negative territory indicate that bears have an advantage. Sellers will try to lower the price below $ 0.16, which questions the crucial support of $ 0.14. Buyers should set up a solid defense at $ 0.14, keeping the Doge / USDT pair inside the range for a little more time.
The more the price remains inside the range, the more important it is to make a possible escape. An UP movement could start after buyers propel the pair above $ 0.26.
Cardano price prediction
Cardano recovery (ADA) faces resistance near the 20 -day EMA ($ 0.69), indicating that bears sell rallies.
The Bears will try to pull the price below the level of $ 0.60. If they manage to do so, the ADA / USDT pair could hold the support of $ 0.50. Buyers should vigorously defend the level of $ 0.50 because a break below can run the pair at $ 0.40.
Buyers will have to generate the price above mobile averages to gain strength. The pair can then climb to the downward trend line, which is a critical level to monitor. A rupture and closing above the downward trend line suggests the start of a new move to $ 1.02.
Hyperliquid price prediction
The hyperliquid (hype) rose above the symmetrical triangle model on June 9, indicating that uncertainty has resolved.
If buyers support the price above the triangle, the media / USDT threshing pair could take momentum and go up to $ 42.50. There is resistance at $ 40, but this is likely to be crossed. Sellers will try to stop the UP movement at $ 42.50, but if the Bulls prevail, the pair could come together to the model of $ 46.50.
This optimistic view will be canceled in the short term if the price drops sharply and breaks under the triangle. This suggests that rupture above the triangle may have been a bull trap. The pair could light $ 30.50 and later at $ 28.50.
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.
