Bitcoin continues to face resistance at $95,000, but the possibility of an upside breakout remains high. Solid spot Bitcoin ETF inflows do not always signal a short-term top, while select altcoins are showing early signs of a short-term trend change.
Bitcoin pierced the $95,000 resistance, but the bulls are struggling to sustain higher levels. This suggests that the bears are attempting to defend the level aggressively, though a minor positive is that the bulls have not ceded much ground. Optimistically, this improves the prospects of a move toward $100,000.
Institutional demand appears to be back, highlighted by $3.06 billion in net inflows into US spot Bitcoin exchange-traded funds last week. While some previous high inflows have led to short-term price tops, this is not always the case. Thus, these inflows alone cannot justify a negative outlook.
According to hedge fund founder Dan Tapiero, the Federal Reserve is unlikely to ignore macro data indicating a rapid economic slowdown. He predicts that increasing market liquidity could catapult Bitcoin to $180,000 before the summer of 2026.
S&P 500 Index Price Prediction
The S&P 500 Index (SPX) made a strong recovery last week, rising above the 20-day exponential moving average. The index could potentially reach the 50-day simple moving average, which is positioned as a minor hurdle. If buyers can overcome this resistance, the recovery may extend toward 5,800.
US Dollar Index Price Prediction
The US Dollar Index (DXY) plunged below the 99 level recently, but the bears have not maintained these lower levels. A concern for bulls is that they must push above the 20-day EMA, as a slip below 99 might lead to a retest of the 97.92 level.
Bitcoin Price Prediction
Bitcoin remains under significant resistance at $95,000, but strong consolidation near this crucial level boosts the likelihood of a breakout. The consistently upsloping 20-day EMA and RSI nearing overbought territory signify that the bulls are in control. A close above $95,000 could pave the way for a rally toward $100,000.
Ethereum Price Prediction
Ether closed above the 50-day SMA recently, yet bulls struggled to maintain momentum. Observers should monitor the 20-day EMA for support; a bounce here may propel the ETH/USDT pair toward $2,111.
XRP Price Prediction
XRP has shown positive signs by turning around from the 20-day EMA. If it breaks above the resistance line, there’s potential for a rally toward $3.
BNB Price Prediction
BNB has maintained its position above moving averages but hasn’t shown impressive bullish momentum. A push above $620 is essential for a sustained rally.
Solana Price Prediction
Solana’s resilience in the $148 to $153 zone is notable. An upward break from this area could lead to a rally toward $180.
Dogecoin Price Prediction
Dogecoin has settled at the moving averages amid range-bound action. A rebound could facilitate a move above $0.21, potentially completing a double-bottom pattern targeting $0.28.
Cardano Price Prediction
Cardano remains above moving averages, indicating bulls are buying the dips. Resistance at $0.75 needs to be surpassed for a potential surge toward $0.83.
Sui Price Prediction
Sui is trading near $3.90, suggesting a potential rally above this resistance if bullish momentum continues.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk; readers should conduct their own research before making a decision.
