Key points:
- Bitcoin’s surge past $79,500 now sets the stage for a potential climb toward $84,000.
- Ether, Dogecoin, and Hyperliquid are showing signs of strength, though other leading altcoins have yet to gain momentum.
Bitcoin (BTC) kicked off the new week with a push above $80,500, signaling that buyers are trying to seize control. Market watchers are closely monitoring the $80,000 mark, as a failure to hold above it could spark a drop toward $60,000.
That said, crypto analyst Matthew Hyland noted in a post on X that traders predicting BTC’s fall to $60,000 or lower “will be the same ones turning bullish late once it crosses $90K.”
BTC’s 30-day liquidation heatmap reveals that a break above $84,000 would trigger $2.85 billion in short liquidations across exchanges.
Daily crypto market snapshot. Source: TradingView
A encouraging signal for the bulls is that BTC’s rise continues to be fueled by institutional demand. Charles Edwards, founder of Capriole Investments, stated in a post on X that institutions have been “absorbing more than 500% of Bitcoin’s daily mined supply.” Historically, such activity has driven prices up by over 24% in the following month. If this pattern repeats, BTC could rally to around $96,000.
Can BTC and major altcoins maintain this upward move? Let’s dive into the charts of the top 10 cryptocurrencies to assess the outlook.
S&P 500 Index price prediction
The S&P 500 Index (SPX) remains in a powerful uptrend, hitting a fresh all-time high of 7,272 on Friday.
SPX daily chart. Source: Cointelegraph/TradingView
The upward-trending 20-day exponential moving average (7,043) favors buyers, but the relative strength index (RSI) hovering near overbought territory hints that a brief pullback or consolidation may be on the horizon.
The 7,000 level is critical support to watch. A strong rebound from there would suggest buyers have turned it into a support zone, raising the odds of a climb toward 7,500.
On the flip side, a close below the 7,000 support could drag the index down toward the 50-day simple moving average (6,827).
US Dollar Index price prediction
The US Dollar Index (DXY) remains range-bound between the 50-day SMA (98.97) and the 97.74 support level.
DXY daily chart. Source: Cointelegraph/TradingView
The downward-sloping 20-day EMA (98.61) and the RSI in negative territory suggest sellers hold a slight edge. A break below the 97.74 support could send the index tumbling toward 96.21.
Alternatively, a move and close above the 50-day SMA would indicate that buyers are regaining momentum. The index could then rally toward the 100.54 resistance, where sellers are likely to step in aggressively.
Bitcoin price prediction
BTC has broken above the $79,500 level.
Buyers are attempting to push BTC above the $84,000 resistance level, which would confirm that the uptrend toward $84,000 has resumed.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
At $84,000, the upward trend is likely to encounter strong selling pressure. However, if buyers can keep the BTC price from falling below the 20-day EMA ($76,634), the chances of a breakout grow. Once $84,000 is cleared, the BTC/USDT pair could rally toward the projected target of $92,000.
The clock is ticking for the bears. They would need to quickly drag the price below $76,000 to undermine the bullish momentum. After that, the pair could drop toward the 50-day SMA ($72,798).
Ether price prediction
On Friday, Ether (ETH) climbed above the 20-day EMA ($2,298) and is now heading toward the overhead resistance at $2,465.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will try to halt the advance at the $2,465 mark. But if buyers maintain control, the ETH/USDT pair could leap upward to the resistance line. Should the ETH price reverse sharply downward from the resistance line and drop beneath the 20-day EMA, it would indicate that the pair could remain range-bound within the channel for some time.
Conversely, if the pair breaks and closes above the resistance line, it would be a clear sign that bulls have regained dominance. From there, the pair could surge toward the $3,050 level.
XRP price prediction
Buyers have driven XRP (XRP) above the moving averages, paving the way for a potential rally toward the downtrend line.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The flat moving averages and the RSI hovering just above the midpoint leave the playing field level — neither bulls nor bears hold a decisive edge. Buyers will secure a clear advantage once the pair closes above the $1.61 level. After that, the XRP/USDT pair could rally toward $2 and subsequently push toward $2.40.
If, however, the XRP price reverses lower from the $1.61 mark instead, it would confirm that bears are defending the higher levels aggressively. This scenario could keep the pair trapped within the $1.27 to $1.61 range for a while longer.
BNB price prediction
Over the past several days, BNB (BNB) has been trading near its moving averages, reflecting ongoing uncertainty between buyers and sellers.
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HYPE/USDT daily chart. Source: Cointelegraph/TradingView
The ongoing rally is likely to encounter selling pressure within the resistance range of $43.76 to $45.77. Should the HYPE price reverse direction from its current position or fail to break through this overhead resistance and then fall below the 50-day Simple Moving Average (SMA) at $40.11, the momentum will shift in favor of sellers. Under such conditions, the HYPE/USDT trading pair could decline toward the $38.70 mark.
On the other hand, if the price manages to break through and close convincingly above the resistance zone, it would indicate that the uptrend is back on track. Following such a breakout, the pair is expected to rally toward $50, with a further target at $51.43.
Cardano price prediction
Cardano (ADA) has successfully moved above its downtrend line; however, buyers are now encountering strong resistance at the 50-day SMA ($0.25).
ADA/USDT daily chart. Source: Cointelegraph/TradingView
The Relative Strength Index (RSI) has slightly climbed above the midpoint, giving bulls a modest edge. If purchasers manage to drive the price above the 50-day SMA, the ADA/USDT pair could advance toward $0.29, with a subsequent target at $0.31. Bears are anticipated to mount another significant defense near the $0.31 level; a close above this point would imply that the pair may have reached its short-term bottom.
The key level to monitor for potential downside moves is $0.22. If the ADA price reverses downward and drops below the $0.22 support zone, it would signal the downtrend has resumed.
