Crypto Price Forecasts: Expert Predictions for Major Cryptocurrencies

Bitcoin and Altcoin Market Analysis: Key Levels and Outlook

The cryptocurrency market remains volatile as Bitcoin approaches critical resistance levels. While some analysts see signs of a bottom, others warn of potential further declines. The upcoming Federal Reserve policy update is expected to influence market direction, with traders closely monitoring Fed Chair Jerome Powell’s press conference and the Fed dot plot.

Key Takeaways

• Bitcoin needs to surpass $94,589 for a possible retest of $100,000, indicating strong buyer momentum.
• Ethereum shows resilience, but many altcoins are struggling to sustain recent rebounds.
• Major players like Michael Saylor continue to expand their Bitcoin holdings amid short-term uncertainty.
• Technical charts highlight significant support and resistance levels for top cryptocurrencies.

Tickers mentioned: Bitcoin, Ethereum, XRP, Binance Coin, Solana, Dogecoin, Cardano, Bitcoin Cash, Chainlink, Hyperliquid

Sentiment: Cautiously bullish amid key resistance levels and macroeconomic uncertainty.

Price impact: Neutral, as market awaits Fed decision and technical cues to confirm trend direction.

Bitcoin Price Outlook

Bitcoin recently pulled back from $94,589 but remains above the critical support level of around $92,000. The asset closed above the 20-day exponential moving average of approximately $91,583, signaling potential strength. If Bitcoin can climb above the $94,589 resistance and close there, it could open the door to retesting the psychological $100,000 mark. Breaking higher could push BTC towards $107,000, signaling that the corrective phase might be concluding. Conversely, a drop below $87,719 would suggest continued selling pressure, with the possibility of a decline towards $83,822.

Ethereum’s Recovery

Ethereum has shown promising signs, recapturing the key $3,350 breakdown level. The 20-day EMA is trending upwards, and the relative strength index remains positive, indicating bullish momentum. A daily close above $3,350 could target $3,659 and potentially $3,918. Conversely, if the price falls below the 20-day EMA, it could dip to $2,716, signaling a shift back to bearish sentiment.

Top Altcoin Insights

• XRP has been trading below the 20-day EMA but has not broken support, with potential upside to the 50-day SMA at $2.26 if bullish momentum resumes.
• Binance Coin remains in a balance zone around $894, with a breakout above $1,020 needed to confirm a bullish move toward $1,182.
• Solana’s price is attempting a rebound above $138; a close above the 20-day EMA could lead to challenge at $154 and higher levels.
• Dogecoin’s support at $0.14 has held, but a break below could push it toward $0.10; a move above $0.15 could target $0.16 or higher.
• Cardano’s recent break above the 20-day EMA indicates waning selling pressure, with potential to retest higher levels if momentum sustains.

Market Sentiment and Outlook

The overall sentiment remains cautiously optimistic, contingent on macroeconomic developments and technical confirmations. Investors are advised to watch key support levels and price action around resistance points to gauge future moves.

This article was originally published as Crypto Price Forecasts: Expert Predictions for Major Cryptocurrencies on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.