key points:
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Bitcoin was recovered by $ 100,000 on 6 June, but bears are expected to give a strong challenge at a high level.
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Many altcoins held their respective support levels, indicating a possible consolidation in the near period.
Bitcoin (BTC) made a great comeback on 6 June, exceeding $ 105,000, indicating concrete demand at the lower levels. Recovery may face sales as a price near $ 109,588. The selection analysts have become negative in the near period, expecting bitcoin to fall below $ 100,000.
However, the hash ribbon metric, which has a good record of catching bottles of long -term value, recently indicated a new purchase. Cryptoctive contributor Darkfost said in a post on X that the signal is showing that “buying a dip around here is a smart trick.”
Short -term uncertainty can place traders on the edge, but select corporations have revealed the plan to add more bitcoins to their portfolio. Strategy, the world’s largest corporate bitcoin holder announced, “for general corporate purposes and for the acquisition of bitcoin and working capital” plans to raise about $ 1 billion for general corporate purposes “. ,
With similar lines, Metaplanet, also known as Japan’s strategy, promoted a plan to buy its bitcoin, aiming to keep 100,000 bitcoins by the end of 2026, with its first target of 21,000 bitcoins.
Can Bitcoin get away from $ 100,000, which pulls altcoins more? Let’s analyze the top 10 cryptocurrency charts to find out.
Bitcoin value prediction
Bitcoin fell below the 20-day exponential moving average ($ 104,934) on 5 June and fell for significant support in $ 100,000.
The solid bounce from the level of $ 100,000 refers to aggressive purchase by bulls. Vendors are expected to challenge a adequate challenge in the 20-day EMA. If the price is rapidly reduced by the 20-day EMA, there will be a risk of breaking the level of $ 100,000. If this happens, sales may accelerate, and the BTC/USDT pair may be noseve to $ 93,000.
In contrast, a break and close over the 20-day EMA suggests that the pair can trade within the range of $ 100,000 to $ 109,588 for a while. The bear is expected to mount a strong defense in the area $ 109,588 to $ 111,980.
Ether value prediction
Ether (Ath) fell below the 20-day EMA ($ 2,515) on 5 June and slipped, suggesting that short-term buyers are booking profits.
The 20-day EMA is flat out, and the RSI is near the midpoint, indicating a possible range-bound action in the short term. The Eth/USDT pair can swing between $ 2,323 and $ 2,738 for a few more days.
A break and close to above $ 2,738 indicates that the bulls have overcome the bear. It clears the way for a rally by $ 3,000 and eventually $ 3,153. On the other hand, a break and a closed pair can drown up to $ 2,111 below support and $ 2,323 support.
XRP price prediction
The XRP (XRP) decreased by the moving average on 4 June and continued its journey towards major support at $ 2.
Buyers are expected to guard the $ 2 level with all their strength as one can indicate a break and the onset of a downtrend near the bottom. The XRP/USDT pair can resume the level of $ 1.61 and may, below it, fall to $ 1.27.
If the price rises above the moving average, it suggests that the pair may get trapped within $ 2 to $ 2.65 range for a while. The buyers will return to the driver’s seat close to $ 2.65.
BNB price prediction
BNB (BNB) fell below 20-day EMA ($ 657) on 5 June and moved towards a 50-day SMA ($ 636).
Bulls are trying to protect the 50-day SMA, but the rebound is likely to sell in the 20-day EMA. If the price decreases rapidly by the 20-day EMA, the possibility of a break under the 50-day SMA increases. The BNB/USDT pair can then be the tumble to support $ 580.
To prevent the negative side, buyers will have to faster the price above the 20-day EMA. The BNB/USDT pair can then rally up to $ 693, which is likely to act as a harsh barrier.
Solana value prediction
Solana’s (Sol) failure to rise above the 20-day EMA ($ 160) on June 3 attracted the vendors, drawing a price below the support of $ 153 on 5 June.
Buyers are trying to protect the support of $ 140, but the relief rally is likely to face strict resistance in the 20-day EMA. If the price decreases rapidly by the 20-day EMA, the chances of brakes below $ 140 increases. The SOL/USDT pair can then fall to $ 120. Buyers are expected to defend the $ 120 to $ 110 support sector fiercely.
Inverted, the bulls must push and maintain the pair above the 20-day EMA, to open the door by $ 185 for a rally.
Dogocine value prediction
Dogecoin (DOGE) is oscillating within a large range between $ 0.14 and $ 0.26 for several days.
$ 0.16 has a slight support, but the DOGE/USDT pair may fall to $ 0.14 if the level cracks. Buyers are expected to defend the level of $ 0.14 fiercely to stay within the limits for some more time.
The next trending step can begin at a break below $ 0.14 or $ 0.26. If the level of $ 0.14 is broken, the pair can be $ 0.10. Inverted, a brake pair above $ 0.26 can reach $ 0.38.
Cardano value prediction
Cardano (ADA) continued its slide and reached a solid support of $ 0.60 on 5 June, indicating that the bears are under control.
Bulls have launched a relief rally, which is expected to face strong sales in the 20-day EMA ($ 0.70). If the price decreases rapidly by $ 0.70, it increases the risk of brakes below $ 0.60. If this happens, the ADA/USDT pair may fall for significant support at $ 0.50.
Connected: Dogcoin price risk declines by 66% declines $ 0.06 as Trump-Mask Quarrel
Conversely, if buyers run the price above the moving average, the next stop may be a downtrend line. This is an important level to see because a break and above the top suggests that the corrective phase may end.
Exaggerated value prediction
The vendors pulled the hyperlicid (hyp) below $ 35.73 on 4 June, but Bulls successfully defended the 20-day EMA ($ 32.69) on 5 June.
The value action of the last few days has formed a symmetric triangle pattern, which will be completed on a break and will be closed above the downtrend line. If this happens, the Hype/USDT pair can rally on the pattern target of $ 42.50 and later $ 46.50.
The profit will include the bear’s side if the price decreases and breaks under the triangle. It opens the doors to fall by $ 30 and later up to a breakout level of $ 28.50.
Needle price prediction
SUI (SUI) was rejected from the 50-day SMA ($ 3.44) on 3 June and arrived in support of $ 2.86 on 5 June.
Solid purchases by bulls at $ 2.86 have begun a strong bounce, reaching 20-day EMA ($ 3.40). Buyers will have to advance and maintain the price above the moving average to suggest that the improvement may end. The SUI/USDT pair can then try rally up to $ 3.75 and later $ 4.25.
Instead, if the price is reduced by the 20-day EMA, the beers will again try to sink the pair below $ 2.86. If they succeed, the pair may fall to $ 2.50.
Chainlink price prediction
Chanlink (link) fell below the level of $ 13.20 on 5 June, suggesting that the price may remain inside the descending channel pattern for a few days.
Bulls are trying to start a recovery, but beers are expected to protect 20-day EMA ($ 14.57). If the price decreases rapidly from the 20-day EMA, the link/USDT pair can be reduced by $ 11.89 and later by $ 10.
This negative attitude will be invalid in the near period if the value increases and maintains above the resistance line. This indicates solid purchase at lower levels. The pair can then grow to $ 18, where the bear is expected to step into.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
