Bitcoin’s Dance: Will It Waltz to $110K or Trip on Its Own Feet? 💃🕺

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Key points:

  • Ah, a week of splendid inflows into the spot Bitcoin ETFs! One might say it improves the prospects of a rally toward $110,000, as if the market were a grand ball! 🎉

  • HYPE, BCH, AAVE, and OKB could march higher, like eager suitors, if Bitcoin sustains above $105,000. Will they find their fortune? 🤔

Bitcoin (BTC), dear friends, is forming a Doji candlestick pattern on the weekly chart, a sign of indecision between buyers and sellers. It’s as if they are caught in a game of charades! Despite the near-term uncertainty, analysts remain bullish on Bitcoin’s prospects in 2025, expecting a rally from $140,000 to $270,000. Quite the ambitious leap, n’est-ce pas?

Another positive sign, if one can call it that, is that the geopolitical turmoil caused by the conflict between Israel and Iran did not create panic among investors. According to Farside Investors’ data, US-based spot Bitcoin exchange-traded funds witnessed $86.3 million in inflows on Thursday and $301.7 million on Friday, boosting the total weekly inflows to $1.37 billion. A veritable feast for the market! 🍽️

Bitcoin’s consolidation just below the all-time high has not generated a sell signal in any of the 30 “bull market peak” indicators monitored by CoinGlass. In a post on X, the popular trader Cas Abbe declared that the models project a target between $135,000 to $230,000 for Bitcoin this cycle. A target so lofty, one might think it belongs in a fairy tale! 📖

Could Bitcoin rise toward $110,500, pulling select altcoins higher? If it does, let us gaze upon the cryptocurrencies that appear strong on the charts, like gallant knights ready for battle!

Bitcoin price prediction

Bitcoin found support at the 50-day simple moving average ($103,604) on Friday, but alas, the bulls are struggling to push the price above the 20-day exponential moving average ($106,028). A lack of buying at higher levels, one might say, is akin to a banquet without food! 🍗

The flattish 20-day EMA and the relative strength index (RSI) near the midpoint do not give a clear advantage to either the bulls or the bears. If buyers drive the price above the 20-day EMA, the BTC/USDT pair could climb to the $110,530 to $111,980 zone. Sellers are expected to fiercely defend the overhead zone, but if the bulls prevail, the pair could skyrocket toward $130,000. A thrilling chase, indeed!

On the downside, a break below the 50-day SMA could challenge the critical psychological level of $100,000. If the level cracks, the pair may slide to $93,000. Oh, the drama! 🎭

Sellers are trying to stall the recovery at the 20-EMA on the 4-hour chart. If the price turns down sharply and breaks below $104,000, the short-term advantage tilts in favor of the bears. The pair may descend to $102,664 and then to $100,000. Buyers are expected to vigorously defend the $100,000 level, like knights guarding their castle! 🏰

The bulls will have to propel the price above the 50-SMA to seize control. The pair could then surge toward $110,530. A battle worth watching!

Hyperliquid price prediction

Buyers have been struggling to maintain Hyperliquid (HYPE) above $42.50, indicating that bears are active at higher levels. A classic tale of struggle! 🐻

The upsloping 20-day EMA ($36.96) indicates that buyers have an edge, but the negative divergence on the RSI suggests that the bullish momentum is slowing down. A break and close above $44 will invalidate the negative divergence, opening the gates for a rally to $50. Will they succeed? 🤷‍♂️

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it signals profit-booking by the bulls. That could start a deeper correction to $32.50 and subsequently to $30.50. A tale of woe!

The pullback is taking support at the 50-SMA on the 4-hour chart, suggesting that lower levels are attracting buyers. If the 20-EMA is scaled, the pair could climb to $42.78 and then to $44. The uptrend will resume on a break above $44. A hopeful turn of events!

Contrarily, a break and close below the 50-SMA suggests the bulls have given up. That could accelerate selling, pulling the pair to the uptrend line. This is a crucial near-term support to watch out for because a break below the uptrend line could sink the pair to $30.50. A tragic fall!

Bitcoin Cash price prediction

Bitcoin Cash (BCH) bounced off the 50-day SMA ($403) on Friday, but the bulls are facing stiff resistance at $462. A classic standoff! ⚔️

The upsloping moving averages and the RSI in the positive territory indicate the path of least resistance is to the upside. If buyers overcome the barrier at $462, the BCH/USDT pair could rally to $500. A glorious victory awaits!

The 50-day SMA is the vital support to watch out for on the downside. If the support cracks, the pair could sink to $375. Buyers will try to arrest the decline at $375. If they succeed, the pair may consolidate between $375 and $462 for a while. A waiting game!

The pair has reached the $462 resistance, where the bears are expected to step in. If buyers do not allow the price to dip below $450, it improves the prospects of a break above $462. If that happens, the pair could surge toward $500. A thrilling prospect!

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The price turned down sharply from $325 on Wednesday and has reached the 20-day EMA ($269). If the price rebounds off the 20-day EMA with force, the bulls will strive to push the AAVE/USDT pair above $325. If they manage to do that, the pair could soar toward $380. A daring ascent!

On the contrary, a break below the 20-day EMA could pull the pair to the uptrend line. Buyers are expected to defend the uptrend line with vigor. If the price turns up from the uptrend line and breaks above the 20-day EMA, the bulls will again try to drive the pair to $325. A battle of wills!

The 20-EMA is sloping down on the 4-hour chart, and the RSI has dipped into the negative zone, signaling that bears have the upper hand. There is support at $261, but if the level breaks down, the pair could slump to the uptrend line. A precarious position!

The first sign of strength will be a break and close above the 20-EMA. That opens the doors for a rise to $291 and thereafter to $309. Sellers are expected to vigorously defend the $309 to $325 zone. A fierce contest!

OKB price prediction

OKB (OKB) has been trading inside a descending channel pattern for several days. Buyers tried to push the price above the channel on Wednesday, but the bears held their ground. A classic tug-of-war! 🐂🐻

A minor advantage in favor of the bulls is that they have not allowed the price to fall to the $49 support. That signals buying on dips. If buyers push the price above the moving averages, the OKB/USDT pair could move up to the resistance line. Repeated retest of a resistance level tends to weaken it. If buyers pierce the resistance line, the pair could rally to $56 and then to $60. A hopeful endeavor!

This positive view will be invalidated in the near term if the price turns down and breaks below the $49 support. That suggests the pair may remain stuck inside the channel for a few more days. A tale of stagnation!

The bulls are trying to start a recovery, but the bears are defending the 20-EMA on the 4-hour chart. If the price turns down from the 20-EMA and breaks below $51, it suggests that bears are in control. The pair could then plummet toward $49. A dire situation!

On the other hand, a move above the moving averages suggests the bears are losing their grip. That increases the possibility of a rise to the resistance line, which is an important level to watch out for. A break above the resistance line signals a potential trend change. A twist in the tale!

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2025-06-15 22:07