Key points:

• Sellers will try to stop the rebound at $74,508, but if buyers break through, the rally could reach $84,000.

  sadasda

• Selected major altcoins rose above their overall resistance levels, signaling solid demand at lower levels.

Bitcoin (BTC) rose to $74,508 on Monday, a level that represents key near-term resistance. Crypto sentiment platform Santiment said in a recent report that wallets containing 10 to 10,000 BTC have started to accumulate, which has been a sign of bullishness in the past.

US BTC spot funds (ETFs) have also attracted investors, recording five straight days of inflows last week. Bernstein said in a Monday research note shared with Cointelegraph that sustained inflows into BTC ETFs and steady corporate purchases by companies like Strategy have strengthened the long-term BTC holder base, contributing to a more stable market structure during times of stress.

BTC is showing signs of a trend reversal, but the bears are unlikely to give up easily. Higher levels will likely attract sellers who will try to trap aggressive bulls. Material Indicators co-founder Keith Alan said in a video analysis that BTC is still in a bear market and the price may retest support near $60,000.

Could Buyers Hold BTC and Major Altcoins Above Their Resistance Levels? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

S&P 500 Index Price Forecast

The S&P 500 Index (SPX) fell from its 20-day exponential moving average (6,799) on Tuesday, indicating negative sentiment.

The index may reach the 6550 level, which is something to watch out for. If the price rebounds with strength from the 6550 level, the index could reach the 20-day EMA, where bearish entry is expected. If the price drops sharply from the 20-day EMA, the probability of a break below the 6550 level increases. The correction may then deepen to the 6350 level.

On the contrary, a close above the moving averages suggests that the index may remain in the 6550-7002 range for some time.

US Dollar Index Price Forecast

The US Dollar Index (DXY) reached resistance at 100.54 on Friday, which is a critical level to watch out for.

The rising 20-day EMA (98.76) and RSI near the overbought zone suggest the path of least resistance is up. If buyers push the price above the 100.54 level, the index could start a fresh uptrend to the 102 level and then to the 103.54 level.

Contrary to this assumption, if the price drops sharply from its current level and breaks below the moving averages, it suggests that the index may remain in the 95.50-100.54 range for some time.

Bitcoin price prediction

BTC continued its upward march and reached resistance at $74,508, where bears are expected to provide a robust defense.

The 20-day EMA ($70,028) has started to rise and the RSI is in positive territory, indicating that buyers are trying to take control. A close above the $74,508 level will end the bullish ascending triangle pattern, opening the gates to a rally to $84,000. Such a move suggests that the downward trend may be over.

Sellers will need to push the BTC price below the moving averages to weaken the bulls. The BTC/USDT pair may then fall to the support line. A close below the support line reverses the advantage to the bears.

Ether price prediction

Ether (ETH) consolidation between $1,750 and $2,111 turned higher with Sunday’s breakout.

The moving averages are on the verge of a bullish crossover and the RSI is in the positive zone, indicating that buyers are back in the game. The price of ETH may rise to $2,600 and then to $3,450. Such a move suggests that the ETH/USDT pair may have hit a low of $1,747.

The 20-day EMA ($2,072) is an vital support to watch on the downside. A close below the 20-day EMA signals that bears are energetic at higher levels. The pair could then drop to $1,916.

BNB Price Forecast

BNB (BNB) closed above resistance at $670 on Sunday, but bulls are having difficulty sustaining higher levels.

The 20-day EMA ($646) is a key support to watch on the downside. If the price rebounds strongly from the 20-day EMA, the BNB/USDT pair could rise to $730 and then to $790.

This positive view will be invalidated in the near future if the BNB price continues to fall and breaks above the 20-day EMA. This could keep the pair trading between $570 and $670 for a longer period of time.

XRP price forecast

XRP (XRP) has risen above the 50-day straightforward moving average ($1.46), indicating continued buying by bulls.

If XRP price closes above the 50-day SMA, the next stop will likely be a breakdown level at $1.61. If the price falls from $1.61 but finds support at the 20-day EMA ($1.41), it suggests bullish sentiment. The XRP/USDT pair may then climb to the downtrend line.

On the contrary, if the price drops from the upper resistance and breaks below the 20-day EMA, it means that the bears are selling during a tiny rally. This may keep the price in a descending channel formation.

Solana price forecast

Solana (SOL) has reached a breakdown level at $95, which is a critical overhead resistance worth paying attention to.

If buyers overcome this barrier, the SOL/USDT pair could rise to $117. Sellers are expected to pose a significant challenge at $117, but on the way down, if bulls can sustain SOL above $95, it suggests positive sentiment. This increases the possibility of an augment to $147.

Instead, if the price drops sharply from its current level and breaks below the 20-day EMA ($87), it suggests the pair could extend staying in the $76 to $95 range for some time.

Related: Bitcoin hits six-week high of 74.4k. dollars as analysts see “more upside” for BTC

Dogecoin price forecast

Dogecoin (DOGE) rose above the 50-day SMA ($0.10), indicating that bears are losing control.

The DOGE/USDT pair may rise to the $0.12 breakdown level where bears are expected to sell aggressively. If the DOGE price drops sharply from $0.12, this indicates a possible range formation. For several days, the pair may fluctuate between USD 0.09 and USD 0.12.

On the other hand, a breakout and close above the resistance at $0.12 signals that the bulls are once again dominant. This paves the way for a rally towards the $0.16 level, which is expected to act as stiff resistance.

Cardano Price Forecast

Cardano (ADA) has risen above the 50-day SMA ($0.28), which indicates that the bulls are trying to make a comeback.

The bears are expected to vigorously defend the downtrend line, but if the bulls prevail, the ADA/USDT pair could signal a short-term trend change. ADA price may rise to $0.37 and then to $0.44.

Conversely, if the price drops sharply from the downtrend line and breaks below the moving averages, it suggests that the pair may continue to oscillate in the channel for several more days.

Hyperfluid price prediction

On Sunday, sellers tried to push Hyperliquid (HYPE) back below the breakout level at $36.77, but the bulls held their ground.

This suggests that bulls are aiming to turn the $36.77 level into support. If they succeed, the HYPE/USDT pair could rise to $43 and then to $50.

The first downside support is at $36.77, followed by the 20-day EMA ($33.95). Sellers will need to drag the HYPE price below the 50-day SMA ($31.56) to suggest that the market has rejected a break above $36.77. The pair could then drop to $29.