Main points:
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Bitcoin has been destroyed by $ 117,500 resistance, and opened gates to re -test the highest level at $ 124,474.
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Several altcoins has started a strong relief gathering, indicating a solid purchase at lower levels.
Bitcoin (BTC) closed September with more than 5 % gains, Bulls expanded the gains on the first day of the new month by paying the price over the harsh public resistance amounting to $ 117,500.
Coinglass data shows that the positive monthly closure in September may historically follow an average return of more than 53 % in the fourth quarter. If history repeats itself, BTC can rise about $ 170,000 before the end of the year.
Another positive mark is that analysts expect BTC to mimic the strong bullish running of gold. The encryption analyst and businessman Ted Bodes said in a post on X that BTC follows gold with a delay for eight weeks, and is expected to be large for BTC.
Can the power of BTC altcoins be withdrawn? Let’s analyze the plans from the 10 best encrypted currencies to discover this.
Bitcoin prediction
BTC closed over the moving averages on Monday, and the bulls strengthened their location by paying the price over the resistance of $ 117,500 on Wednesday.
The SIA moving average for 20 days (113,527 dollars) began to appear, and the RSI indicator (RSI) indicates above 61 that the momentum prefers buyers. If the price is closed above 117,500 dollars, the BTC/USDT pair may challenge the highest level ever at $ 124,474. Sellers are expected to defend $ 124,474 with all its strength, but if buyers prevail, the gathering may extend to $ 141,948.
This optimistic offer will be denied in the short term if the bitcoin price rejects and reduces the support of $ 107,000.
Predicting the price of ether
ETHER (ETH) rose over EMA for 20 days ($ 4,262), indicating low sale pressure.
The price can reach the resistance line, which is a decisive level that must be paid attention to in the near term. If buyers pay the price above the resistance line, the ETH/USDT pair may return the highest level at 4,957 dollars.
On the contrary, if the price decreases from the resistance line, it indicates that the bears continue to sell it on the gatherings. The sellers will have to tighten the price of the ether than the support of $ 3,745 for the suggestion that the husband may be in the short term.
XRP prediction price
Loose (XRP) of XRP (XRP) has risen from $ 2.69 to average movement, indicating solid purchase at lower levels.
Sellers will try to maintain the price of XRP within the descending triangle style by defending the declining direction line. On the negative side, the closure of less than $ 2.69 completes the landing triangle pattern. This may speed up the sale, and withdraw the XRP/USDT pair to $ 2.20.
Instead, the downward trend line is denied the declining preparation. The negative style failure is a thunderbolt sign as it may rush the aggressive bears to close its short sites. This gathering can start to $ 3.20 and then to $ 3.38.
Predicting BNB Price
BNB (BNB) rejected $ 1036 on Monday, but the bears did not allow the price to decline without EMA for 20 days ($ 976).
If the price appears from the current level or EMA for 20 days by force, it increases the possibility of a break more than $ 1036. BNB/USDT’s pair may rise to $ 1083. Steelful sellers will try to defend the level of $ 1083 with all its strength because the lounge of this can start the next station from the upward trend to $ 1173.
Unlike this assumption, if the BNB price turns and reduces $ 934, it indicates a deeper SMA correction for 50 days ($ 909) and then to 842 dollars.
Predicting at the price of Solana
The sellers are trying to stop the recovery in Solana in EMA for 20 days (216 dollars), but the bulls kept the pressure.
If buyers pay the price above the subtractive line, it indicates that the corrective stage may end. The Sol/USDT pair can gather to $ 230 and then to $ 260. Sellers are expected to defend $ 260.
This positive offer will be nullified in the short term if the price decreases and reduces the subsidies of $ 190. If this occurs, the Solana price may descend to $ 175, indicating that the husband may extend his residence within the range of $ 110 to $ 260 for a longer period.
Predicting the price of Dogecoin
The Dogcoin (DOGE) collection traded between the upper trend line and SMA for 50 days ($ 0.23) to be resolved to the upward trend on Wednesday.
If the price is closed over the EMA for 20 days ($ 0.24), it indicates that the bulls are trying to return. The price of Dogecoin may accumulate to $ 0.26, and then, to the harsh public resistance of $ 0.29.
Sellers will have to pull the price less than the upward trend line to get the upper hand. If they can withdraw it, the DOGE/USDT pair may decrease to $ 0.21 and then to $ 0.19. This indicates that the price may merge between $ 0.14 and $ 0.29 for a few days.
Cardano prediction
The sellers tried to pull Cardano (ADA) less than a level of $ 0.78 on Tuesday, but the bulls carried their land.
Buyers are trying to strengthen their position by paying the price over the moving averages. If they can do this, the ADA/USDT pair can gather to the resistance line. The sellers will seek to stop the recovery in the resistance line, but if buyers roam their way, the price of Cardano may rise about $ 1.02.
On the downside, lower break and closure than $ 0.75 will complete the descending triangle style. This opens the doors to fall to $ 0.68.
Related to: Bitcoin pays for $ 118,000, where the analysis invites me gov’t shutdown “other than the event”
Predicting the price of liquid height
Excessive recovery (noise) has reached the moving averages, which is a decisive level of combustion.
EMA indicates 20 days ($ 48.09) and RSI below the center point directly to a slight edge on the bears. Sellers will have to withdraw the price of HyperlebleBed less than $ 42.89 to boost their position. The noise pair/USDT can decrease to $ 40, as buyers are expected to intervene.
On the contrary, the break and closure above the moving averages indicate that the bulls have returned to control. The husband may then rise to $ 54.50 and then to $ 59.
ChainLink price prediction
ChainLink (Link) was traded inside the descending canal style, indicating that the bears are sold on the gatherings.
Sellers are expected to defend the area between the EMA for 20 days ($ 22.25) and the resistance line. If the price decreases sharply from the upper area, the USDT/USDT may remain inside the channel for some time.
The first mark of the force will be a break and close to the resistance line. If this happens, it indicates that the corrective stage may end. The price of Chainlink can collect to $ 25.64 and then to 27 dollars, as the bears is expected to constitute a strong challenge.
Prediction the collapse price
The AVANHE (Avalax) relief rally faces resistance near EMA for 20 days ($ 30.12), but the positive sign is that the bulls did not give up much bears.
If buyers are driving the price above $ 31.25, the AVAX/USDT pair can pick up the momentum and try to raise to $ 36.17. Sellers are expected to defend the level of $ 36.17, but if the bulls prevail, the march may reach $ 45.
Instead, if the price decreases and less than $ 27.38 is broken, it indicates that the bears have maintained pressure. The collapse price may descend to $ 22.50, up to $ 15.27 to $ 36.17.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
The post Bitcoin Reclaims $118K, Which Altcoins Will Follow? first appeared on Investorempires.com.
