Key points:
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Bitcoin Price saw a reserve of profits about $ 105,819, indicating that the bears remain active at higher levels.
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The selected altcoins have continued to advance more, indicating a greater interest of investors.
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The SPX and the DXY are playing Bitcoin after the commercial agreement between the United States and China.
Bitcoin (BTC) has started the new week with a cautious note, falling below $ 103000, but the S&P 500 index (SPX) and the US dollar index (DXY) have increased sharply after the announcement of the US-China trade agreement. One of the reasons could be that other assets are trying to play with Bitcoin, and the acute rally in the US dollar may be acting as winds against Bitcoin in the short term.
The European Research Chief Bitwise, André Dragosch, said in an X post, that the firm’s patented indicator has reached its highest level since 2024. The historical and high levels of the indicator have resulted in a short -term action action.
Short -term uncertainty has not prevented long -term bulls from adding more bitcoin to their wallet. Michael Saylor’s strategy acquired 13,390 Bitcoin at an average price of $ 99,856 between May 5 and 11. The latest purchases have increased the company’s route to 568,840 bitcoin.
What are the crucial support levels to take into account in Bitcoin and Altcoins? Let’s analyze the graphics of the 10 main cryptocurrencies to find out.
Prediction of the price of the index S&P 500
The S&P 500 index embraced on May 12 and rose above the rigid head resistance in 5,800.
Time is running out for the Bears. If you want to avoid the rise, you have to fiercely defend the 5,800 level and quickly drag the price below the 20 -day exponential mobile average (5,570). If they manage to do that, the index could begin a deeper correction around 5,400.
On the other hand, if the price closes above 5,800, the UP movement can continue towards the level of 6,000. There could be a detention less than 6,000, but if the bulls prevail, the index could be the maximum of all time in 6,147.
Prediction of the price of the US dollar index
The US dollar index pierced the EMA of 20 days (100.42) on May 8, indicating that bears are losing their grip.
Sellers tried to withdraw the price below the EMA of 20 days on May 9, but the Bulls remained firm. The index has reached the single mobile average of 50 days (102.08), which is expected to behave as a resistance.
If the price is reduced from the 50 -day SMA but finds support in the 20 -day EMA, it suggests a positive feeling. That increases the hood of a rally to 103.54 and, therefore, to 104.68.
Bitcoin pricing prediction
Bitcoin has rejected $ 105,819, indicating that the Bears are defending the area from $ 107,000 to $ 109,588.
The first support in the inconvenience is the level of $ 100,000, and below that, the 20 -day EMA ($ 97,238). If the price recovers from the support zone, the Bulls will kick the BTC/USDT above $ 109,588. If they can achieve it, the pair could amount to $ 130,000.
On the contrary, if the price is reduced and break below the 20 -day EMA, it indicates that buyers are reserving profits at higher levels. That opens the doors for a fall to $ 93,000 and then at the 50 -day SMA ($ 89,302).
ETHER PRICE PREDICTION
Ether (ETH) bulls are trying to keep the price above $ 2,550, but the bears have maintained the sales pressure.
If the price skates below $ 2,435, the ETH/USDT torque can fall to $ 2,320. If the price bounces at $ 2,320, the bulls will try to resume the UP movement. There is resistance to $ 2,850, but if it crosses, the torque could reach $ 3,000.
Contrary to this assumption, if the price is reduced and breaks below $ 2,320, it suggests that bulls are reserving profits. The torque can fall to the rupture level of $ 2,111, which probably acts as support.
XRP price prediction
XRP (XRP) broke above the resistance line on May 10, and the Bulls successfully maintained the new test of the rupture level on May 11.
The Bulls have strengthened their position by pushing the price above the resistance of $ 2.50. There is a resistance less than $ 2.65, but if the level is scale, the rally could reach $ 3. Such movement indicates a change of potential tendency.
Alternatively, if the price is abruptly reduced from $ 2.65 and breaks below the 20 -day EMA ($ 2.27), indicates a possible range formation in the short term. The XRP/USDT pair could range between $ 2 and $ 2.65 for some time.
BNB price prediction
BNB (BNB) rejected $ 679 on May 10, but recovered the rupture level of $ 644 on May 12.
Buyers tried to resume the UP movement, but the long wick in the candlestick shows that they are sold near the level of $ 700. If the price remains above $ 644, the Bulls will make another attempt to boost the BNB/USDT pair at $ 745.
Sellers will have to pull the price below $ 644 to weave the bulls. The couple could fall to the 20 -day EMA ($ 621). Buyers are expected to defend the EMA of 20 days because a break below could the advantage in favor of the Bears.
Solana pricing prediction
Solana’s UP (Sun) movement has stagnated near the resistance of $ 180, but a positive sign is that the Bulls have not given up the bears.
A shallow setback increases the possibility of the continuation of the rally. If buyers drive the price above $ 180, the Sun/USDT torque could recover at $ 210.
The immediate support in the inconvenience is $ 168. If the price slides below $ 168, the couple could descend at the 20 -day EMA ($ 155). A solid 18 -day EMA rebound suggests that the bulls remain in control. That increases the hood of a break above $ 180. Sellers will earn the advantage in a break below $ 153.
Related: Bitcoin established for $ 150k BTC Price Rally as USA., China accepts cut rates
Dogecoin pricing prediction
Dogecoin (Doge) rejected $ 0.26 on May 11, indicating the reserve of profits for short -term buyers.
The Bulls are expected to defend the rupture level of $ 0.21. If the price bounces at $ 0.21, notes that the Bulls have overturned the support level. The dooge/USDT could rise to $ 0.31.
On the contrary, a break and closure below the level of $ 0.21 suggests that bears remain active at higher levels. The pair could fall to mobile averages, pointing to a possible range formation between $ 0.14 and $ 0.26 in the short term.
Cardano Price Prediction
Cardano (ADA) faces resistance about $ 0.86, but a positive sign is that bulls have not given much land to bears.
The 20 -day EMA ($ 0.72) has begun to appear, and the RSI is close to the overload area, indicating an advantage for buyers. If the price recovers from the neckline, the bulls will try to boost the ada/USDT over $ 0.856. If they can achieve it, the pair could travel to the target objective of $ 1.01.
If sellers want to avoid rising, they have to quickly throw the price below mobile averages. If they do, the couple could descend to solid support at $ 0.58.
Sui pricing prediction
SUI (SUI) faces the sale of $ 4.25, but a positive signal is that the Bulls have gathered the price above the rupture level of $ 3.90.
Both mobile averages are inclined, and the RSI is close to the overcompra zone, which indicates that the lower resistance path is upward. If buyers clear the level of $ 4.25, the sui/USDT torque could rise to $ 5.
The first sign of weakness will be a break and will close below the level of $ 3.90. That opens the doors for a 20 -day EMA drop ($ 3.48). A 20 -day EMA rebound indicates that the positive impulse remains intact. Then, the Bulls will try to clear the aerial obstacle at $ 4.25.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
