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Ah, Bitcoin! It has gallantly leapt above $106,000, preparing for a cheeky retest of its all-time high at $111,980. How droll! 🎩
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Most major altcoins are playing coy in a range, but HYPE has decided to strut its stuff once more. 💃
Bitcoin (BTC) has kicked off the week with a flourish, soaring past $107,500. While it flirts with the all-time high, both whales and retail investors are clinging to their positions like a cat to a warm lap. CryptoQuant’s own Darkfost mused in a QuickTake blog that Binance Bitcoin inflows from both camps have dipped to their lowest since the cycle began. It seems investors are either “waiting for clearer macroeconomic signals or simply maintaining high conviction in Bitcoin’s long-term trend.” How terribly exciting! 🧐
IG Markets analyst Tony Sycamore, in a delightful tête-à-tête with CryptoMoon, suggested that Bitcoin might just retest the all-time high near $112,000 and then gallivant to the $116,000 to $120,000 region, provided it holds above the $95,000 support. What a charmer! 💰
Not to be outdone, Ether (ETH) is also attracting buyers like moths to a flame. Ethereum wallets holding between 1,000 and 10,000 ETH saw an accumulation of over 818,410 ETH (~$2.5 billion) on Sunday, boosting their holdings to a staggering 16 million ETH from 11.9 million ETH almost a year ago. Quite the haul! 🎉
Will Bitcoin rally to a new all-time high above $111,980? Will altcoins join the soirée? Let’s analyze the charts of the top 10 cryptocurrencies to find out, shall we?
S&P 500 Index price prediction
The S&P 500 Index (SPX) took a little tumble from 6,059 on Wednesday, indicating that the bears are fiercely defending the 6,000 to 6,147 zone. How dramatic! 🎭
The index has bounced off the 20-day exponential moving average (5,938), suggesting that sentiment remains positively buoyant, with every dip being viewed as a buying opportunity. Buyers will attempt to push the price to 6,147. Fingers crossed! 🤞
A deeper pullback could commence on a break and close below the 20-day EMA. Short-term traders may be tempted to book profits, pulling the price down to 5,767 and then to the 50-day simple moving average (5,680). How thrilling! 😱
US Dollar Index price prediction
The US Dollar Index (DXY) is embroiled in a fierce battle between the bulls and the bears near the 97.92 level. Quite the spectacle! 🥊
The bears pulled the price below the 97.92 support on Thursday, but the bulls valiantly reclaimed the level on Friday. However, buyers are struggling to maintain the price above 97.92, suggesting that the bears are selling on every minor rally. How utterly predictable! 🐻
Buyers must drive and maintain the price above the moving averages to weaken the bearish momentum. The index could then surge to the overhead resistance at 102. What a rollercoaster! 🎢
Bitcoin price prediction
Bitcoin rose above the 20-day EMA ($106,202) on Monday, indicating that the bulls are fiercely defending the 50-day SMA ($103,887). How valiant! 🦸♂️
The bulls will try to strengthen their position by pushing the price to $110,530 and then to the neckline of the inverse-head-and-shoulders pattern. A close above the neckline will complete the bullish setup, which has a pattern target of $146,892. How ambitious! 🌟
Sellers, however, are likely to have other plans. They will attempt to defend the overhead resistance and yank the price below the 50-day SMA. If they succeed, the BTC/USDT pair could retest the vital $100,000 support. How dramatic! 🎭
Ether price prediction
Ether closed below the 20-day EMA ($2,580) on Saturday, but the bears could not extend the pullback to the 50-day SMA ($2,412). How unfortunate! 😔
The bulls have pushed the price above the 20-day EMA, indicating buying on dips. The ETH/USDT pair could rise to $2,738 and then to $2,879. Sellers will try to defend the overhead zone, but if the buyers bulldoze their way through, the pair could rally toward $3,153. How exhilarating! 🚀
Conversely, if the price turns down sharply from the overhead resistance, the pair may remain inside the $2,879 to $2,323 range for a while. The short-term trend turns negative on a close below $2,323. How tragic! 😢
XRP price prediction
XRP (XRP) has been oscillating between $2 and $2.65 for several days, indicating buying near the support and selling close to the resistance. How predictable! 🥱
The price action inside the range is likely to be random and volatile. If buyers sustain the price above the moving averages, the XRP/USDT pair could rally to the overhead resistance at $2.65. Sellers will try to pose a solid challenge at $2.65 because a break above it could launch the pair to $3. How thrilling! 🎉
The trend will turn bearish on a break and close below the $2 support. The pair could then retest the critical level at $1.61. How dramatic! 🎭
BNB price prediction
Buyers are trying to push BNB (BNB) above the 20-day EMA ($656), which could extend the stay inside the $634 to $693 range for some more time. How tedious! 😴
The flattening 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price sustains above the 20-day EMA, the BNB/USDT pair could rally to $693. Sellers will try to halt the up move at $693, but if the bulls prevail, the pair could ascend to $732. How delightful! 🎈
The bears will have to pull the price below the $634 support to seize control. The pair could then nosedive to $580. How tragic! 😱
Solana price prediction
Solana (SOL) bounced off the $140 support on Saturday and reached the moving averages on Monday, indicating solid buying at lower levels. How encouraging! 🌈
Both moving averages are flattening out, and the RSI is near the midpoint, suggesting that the SOL/USDT pair may swing between $140 and $185 for a few days. How predictable! 🥱
The next trending move is likely to begin on a break above $185 or below $140. If the price turns down sharply from the moving averages and breaks below $140, the pair could plunge to $110. On the contrary, a break above $185 could catapult the pair to $210 and, after that, to $220. How thrilling! 🎢
Dogecoin price prediction
Dogecoin (DOGE) remains above the $0.16 level, but the failure to start a strong rebound signals a lack of aggressive buying by the bulls. How disappointing! 😩
The downsloping 20-day EMA ($0.19) and the RSI in the negative territory increase the risk of a break below $0.16. If that happens, the DOGE/USDT pair could descend to the $0.14 support. The bulls will try to vigorously defend the $0.14 level because a break below it opens the doors for a fall to $0.10. How tragic! 😱
Buyers have an uphill task ahead of them. They will have to pierce the $0.21 resistance to clear the path for a rally to the $0.26 level. A new up move could begin on a break above $0.26. How exciting! 🎉
Cardano price prediction
Buyers are trying to defend the $0.60 level in Cardano (ADA), but the rebound lacks strength. That increases the risk of a break below $0.60. How unfortunate! 😔
The downsloping 20-day EMA ($0.67) and the RSI in the negative territory suggest the bears have the edge. If the price turns down from the moving averages and breaks below $0.60, the ADA/USDT pair could plummet to $0.50. How tragic! 😢
Buyers will have to drive the price above the moving averages to prevent the downside. The pair could then rise to the downtrend line, where the sellers are expected to mount a strong defense. How thrilling! 🎭
Hyperliquid price prediction
Hyperliquid (HYPE) resumed its uptrend after buyers kicked the price above the $44 resistance on Monday. How delightful! 🎉
If the bulls maintain the price above $44, the HYPE/USDT pair could soar toward the next target objective of $50. Such a move invalidates the developing negative divergence on the RSI, signaling that the bulls have reasserted their supremacy. How splendid! 🌟
The 20-day EMA ($37.71) is the critical support to watch out for on the downside. A break below the 20-day EMA could tempt short-term buyers to book profits, pulling the pair to the 50-day SMA ($30.37). How utterly predictable! 🥱
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2025-06-16 21:43