Key Points:

• Bitcoin needs to hold above $78,000 to avoid a trend reversal and return to $80,000 as resistance.
• Altcoin buyers left the scene, keeping pace with Bitcoin’s minor correction.

Bitcoin (BTC) retreated to near $79,000 on Friday, but buying at lower levels pushed the price towards $80,000. The next large question on traders’ minds is whether BTC will resume its upward trend or whether higher levels will once again attract bears to sell aggressively.

The CryptoQuant IT Tech analyst said in Thursday’s edition of QuickTake BTC needs to rise and stay above $88,880 to confirm the bottom. Until then, the $85,000 to $88,000 range will likely be sold by buyers looking to “break even.”

However, Bollinger Bands creator John Bollinger has a different opinion. In a Thursday post on X, Bollinger said this their trend model became positive for BTC the day before and took the appropriate position.

A daily view of cryptocurrency market data. Source: TradingView

Among all the positives, a minor downside for bulls is the fact that BTC funds are exchange-traded recorded outflows of USD 277.5 million on Thursday. This was the first net outflow in May, according to SoSoValue data. This suggests that select investors have become cautious and are taking profits near overall resistance levels.

Could BTC and major altcoins rebound from their support levels? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC retreated from $82,850 on Wednesday, signaling that bears are fiercely defending the upper resistance at $84,000.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day exponential moving average ($77,929) is critical support to watch on the downside. If the BTC price rebounds strongly from the 20-day EMA, it means that bulls are buying on any diminutive dip. This improves the chances of a breakout above the $84,000 level. If this happens, the BTC/USDT pair could surge to $92,000 and then to $97,924.

The sellers probably have other plans. They will aim to defend the level of $84,000 and bring the price below $74,937. If they are successful, the pair could fall to the 50-day plain moving average ($73,448) and then to the support line.

Ether price prediction

Ether (ETH) ended below the 20-day EMA ($2,304) on Wednesday, indicating bulls are taking profits.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The next stop on the downside is the 50-day SMA ($2,225), followed by the support line. A solid bounce from the support line suggests that the ETH/USDT pair may remain in the channel for a few more days.

The first sign of strength will be a breakout and close above $2,465. The pair may then rise to the resistance line, where bears are expected to enter. However, if the bulls prevail, the ETH price could rise to $3,050.

BNB Price Forecast

BNB (BNB) has returned towards the moving averages, suggesting that bears are selling during diminutive rallies.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If the BNB price rebounds with force from the moving averages, it increases the probability of an escalate to the $687 level. Sellers will try to maintain the price in the range of $570 to $687, defending the upper resistance.

On the other hand, a breakout and close above $687 signals that the bulls are back in the driver’s seat. The BNB/USDT pair may rise to $730 and then to $790. Sellers are expected to pose a significant challenge at $790.

XRP price forecast

XRP (XRP) continues to trade near the moving averages, indicating a balance between buyers and sellers.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

Flat moving averages and RSI just below the middle do not give either bulls or bears a clear advantage. If the price drops and breaks below the USD 1.27 level, the XRP/USDT pair may remain inside a descending channel formation for a few more days.

On the other hand, bulls are expected to encounter forceful resistance at the downtrend line and then at $1.61. Buyers will need to break the $1.61 barrier to signal a potential trend change. The price of XRP may then rise to $2.

Solana price forecast

Solana (SALT) is facing selling pressure at $90.73, but the positive for the bulls is that they haven’t given up much ground to the bears.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

Bulls will again try to push the SOL price above $90.73. If they succeed, the SOL/USDT pair could rise to $98. Sellers are expected to defend the $98 level vigorously as a close above this level could propel the pair to $117.

Contrary to this assumption, if the price drops and breaks below the moving averages, it suggests that the pair may remain in a narrow range for some time. A break below the $82.65 level opens the door to a drop to $76.

Dogecoin price forecast

Dogecoin (DOSE) has fallen sharply from Wednesday’s resistance level at $0.12, indicating profit-taking by short-term investors.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.10) is a critical support level to watch in the near future. If the price of DOGE rises sharply from the 20-day EMA, the bulls will again try to break the resistance at $0.12. If they succeed, the DOGE/USDT pair could rise to $0.14 and then to $0.16.

Conversely, a break and close below the 20-day EMA suggests that the pair may remain in the $0.09 to $0.12 range for a few more days.

Hyperfluid price prediction

Hyperfluid (HYP) fell from the $43.76 zone to $45.77 on Wednesday, indicating aggressive selling by the bears.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

HYPE price has returned to the 20-day EMA ($41.69), an essential level to watch. If the price rises sharply from the 20-day EMA, the bulls will again try to break the upper barrier. If they succeed, the HYPE/USDT pair could rise to $50.

This bullish view will be invalidated in the near future if the price continues to fall and breaks above the 50-day SMA ($40.29). The pair could then drop to $34.45.

Related: Four signs that Ethereum’s rally has run out at 2.4k dollars

Cardano Price Forecast

Cardano (ADA) continues to fluctuate in a wide range from $0.22 to $0.31, indicating a balance between supply and demand.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.25) has started to gradually escalate and the RSI is in positive territory, indicating a slight advantage for the bulls. If the price breaks above the moving averages, bulls will try to take the ADA/USDT pair to $0.30 and then to a stiff upper resistance at $0.31.

Conversely, a break below the moving averages suggests that the bulls are losing control. The bears will then look to pull the ADA price down to the $0.22 support.

Zcash Price Forecast

Zcash (ZEC) broke the resistance at $560 on Wednesday, but the bears stopped the escalate at $607.

ZEC/USDT daily chart. Source: Cointelegraph/TradingView

A shallow pullback is a positive sign because it indicates that bulls are in no rush to exit their positions. This improves the prospects for the continuation of the upward trend. If the ZEC/USDT pair breaks above $607, the next target will likely be $750.

On the other hand, support lies at the 38.2% Fibonacci retracement level at $496 and then at the 50% retracement level at $462. Sellers will be back in the driver’s seat after the 61.8% retracement level closes at $428.

Bitcoin Cash Price Forecast

Bitcoin Cash (BCH) dropped sharply from $486 on Wednesday, suggesting bears are aggressively defending this level.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The flat 20-day EMA ($450) and RSI near the midpoint suggest that the BCH/USDT pair may remain in the $419 to $486 range for some time to come.

The next trending move is expected to start with a close above $486 or below $419. If buyers secure a close above $486, the BCH price could start rising to $520. Alternatively, a close below the support at $419 signals a resumption of the next leg of the downtrend towards $375.