A Bitcoin daily candlestick close above $76,000 would be a huge win for the bulls 🚀💰! Will altcoins follow the rally?
Bitcoin’s shallow pullback from the $76,000 resistance suggests that buyers are holding onto their positions, expecting the recovery to continue 📉 That’s a positive sign.
Select major altcoins are showing strength and are expected to break above their overhead resistance levels
That means we might see some exciting price movements soon! 💰
Bitcoin (BTC) pulled back after crossing the $76,000 level on Tuesday, but a positive sign is that bulls have not let the price dip below $73,500 That suggests the bulls are holding their positions as they expect the overhead resistance to be broken 💪.
Another encouraging indication for the bulls is that BTC’s move toward $76,000 has been supported by $411.5 million in inflows into US spot BTC exchange-traded funds on Tuesday, according to SoSoValue data
That pushes the total net flows for 2026 into the positive territory at roughly $245 million 📊.
While some analysts believe the bottom has been reached at $60,000, others remain skeptical They anticipate BTC to collapse below $60,000 to as low as $50,000 before finally bottoming out 🐋
But we shouldn’t count on that just yet.
Trend reversals could be tricky, but traders should be nimble when they spot one Maintaining a negative view when the charts are screaming bullish is a recipe for disaster 📊.
Could BTC and select major altcoins break above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out 🤔.
BTC turned up from the 20-day exponential moving average ($71,116) on Monday and reached the $76,000 resistance on Tuesday
That’s a significant move! 🚀
Sellers are expected to protect the $76,000 level with all their might, as a close above it will complete a bullish ascending triangle pattern That clears the path for a rally to the $84,000 level 💸.
Conversely, any pullback is expected to find support at the 20-day EMA
If the BTC price rebounds off the 20-day EMA with force, it suggests a positive sentiment That enhances the prospects of a break above the $76,000 resistance 📊.
Ether (ETH) is facing resistance at $2,415, but a positive sign is that the bulls have not ceded much ground to the bears
That’s a good sign for the bulls! 💪
The prospects of a break above the $2,415 level increase if the ETH price turns up from the current level or the 20-day EMA ($2,198) The ETH/USDT pair may then surge to $2,800 and then to $3,050 🚀.
Sellers have an uphill task ahead of them
They will have to quickly pull the price below the moving averages to weaken the bullish momentum The pair may then decline to the $1,916 support 🐋.
Buyers are struggling to drive XRP (XRP) above the 50-day simple moving average ($1.37), indicating that the bears are active at higher levels
But don’t count on them just yet! 📊
If the price turns down and dips below the 20-day EMA ($1.35), it may signal that the XRP/USDT pair consolidates between the 50-day SMA and $1.27 support for a few days A break and close below the $1.27 level tilts the advantage in favor of the bears 🐋.
Contrarily, a close above the 50-day SMA signals the start of a sustained recovery toward the downtrend line of the descending channel pattern
Buyers will be back in the driver’s seat on a close above the downtrend line 💪.
BNB (BNB) reached the 50-day SMA ($626) on Tuesday, where the bears are posing a strong challenge But the bulls are not giving up yet! 💖
If bulls do not give up much ground from the current level, the possibility of a break above the 50-day SMA increases
The BNB/USDT pair may then rally to the $687 overhead resistance Buyers will have to overcome the $687 barrier to clear the path for a rally to $730, then to $790 🚀.
On the downside, a close below the $570 support signals that the bears have seized control
The pair may then start the next leg of the downtrend toward $500 🐋.
Solana’s (SOL) failure to rise above the 50-day SMA ($85) suggests that the bears are fiercely guarding the level But the bulls are not giving up yet! 💖
The flattish moving averages and the relative strength index (RSI) near the midpoint do not provide a clear advantage to either the bulls or the bears
That suggests the SOL/USDT pair may continue consolidating within the $76 to $98 range for a while 📊.
The next trending move is expected to begin on a close above $98 or below $76 If the SOL price turns down and breaks below $76, it indicates an advantage to bears
The pair may then drop to $67 On the upside, a close above $98 opens the doors for a rally to $117 🚀.
Dogecoin (DOGE) broke above the moving averages on Tuesday, but the long wick on the candlestick shows selling on rallies
That’s a mixed bag! 📊
If the price dips below the moving averages, the bears will attempt to sink the DOGE/USDT pair below the $0.09 support If they succeed, the DOGE price may resume its downtrend toward $0.08 and then $0.06 🐋.
Instead, if the price moves above the 20-day EMA ($0.09) and breaks above $0.10, it suggests the bears are losing their grip
The pair may then rally to $0.11 and eventually to $0.12 🚀.
Hyperliquid (HYPE) is witnessing a tough battle between the bulls and the bears at the breakout level of $43.76 But the bulls are not giving up yet! 💖
If the HYPE price rallies from the current level and breaks above $45.30, it suggests that the bulls have turned the $43.76 level into support
That increases the likelihood of a move to the $50 level 🚀.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA ($40), it suggests that the break above the $43.76 level may have been a bull trap The HYPE/USDT pair may then plunge to the 50-day SMA ($36.77) 🐋.
Related: Tom Lee says ‘mini crypto winter’ is over, sees Ether above $60K
Cardano (ADA) has been swinging between the 50-day SMA ($0.26) and the $0.23 support for the past few days That’s a wild ride! 📊
The 20-day EMA ($0.25) has started to turn down gradually, and the RSI is in the negative zone, signaling a slight edge to the bears
If the price turns down and breaks below $0.23, the ADA/USDT pair may plummet toward the support line of the descending channel pattern There is support at $0.22, but it is likely to be broken 🐋.
Buyers will have to propel the ADA price above the downtrend line to signal a potential trend change
The pair may then climb toward $0.36 🚀.
Buyers attempted to push Bitcoin Cash (BCH) above the 20-day EMA ($444), but the bears held their ground That’s a tough battle! 📊
Sellers will strive to strengthen their position by driving the BCH price below $419
If they manage to do that, the BCH/USDT pair may start a downward move toward the $375 level 🐋.
This bearish view will be negated in the short term if buyers drive the price above the moving averages The pair may then rise to the $486 level, where the bears are again likely to pose a strong challenge 💖.
Chainlink (LINK) has been trading near the moving averages for the past few days, signaling a balance between supply and demand
That’s a tough spot to be in! 📊
The flattish moving averages and the RSI just above the midpoint suggest that the LINK/USDT pair may remain inside the $8 to $10 range for some more time But don’t count on it just yet! 🚀
The first sign of strength will be a break and close above the $10 resistance
That opens the doors for a rally to $10.94 and later to $11.61 Sellers are expected to defend the $11.61 level, as a close above it indicates that the bulls are back in the game
The bears will have to yank the LINK price below
По материалам CoinTelegraph