Key points:
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Bitcoin was rising vigorously from $ 100,000 on June 6, but the bears are expected to pose a strong challenge at higher levels.
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Several altcoins kept their respective support levels and signaled a possible consolidation in the short term.
Bitcoin (BTC) made a brilliant comeback on June 6 and rose over $ 105,000, indicating a solid demand at lower levels. Recovery can face sales as the price is approaching $ 109,588. Choose analysts has become negative in the short term and expect Bitcoin to fall below $ 100,000.
However, hashish the band metration, which has a good registration of catching long -term price bottoms, recently gave a new purchase signal. Cryptoquant -contributor Darkfost said in a post of X that the signal says that “buying dip here is a smart move.”
The short -term uncertainty can keep dealers on the edge, but selected companies have revealed plans to add more bitcoin to their portfolio. Strategy, the world’s largest company’s Bitcoin holder, announced plans to obtain approx. $ 1 billion for “General Business purposes, including acquisition of Bitcoin and for working capital.”
Along similar lines increased the metaplan, also known as Japan’s strategy, its Bitcoin purchasing plans for the purpose of holding 100,000 bitcoin by the end of 2026, up from the previous target of 21,000 Bitcoin.
Could Bitcoin maintain the solid rebound from $ 100,000 and pull altcoins higher? Let’s analyze the charts over the top 10 cryptocurrencies to find out.
Bitcoin prize Forest
Bitcoin threw himself during the 20-day exponential sliding average ($ 104,934) on June 5 and fell to the important support of $ 100,000.
The solid rejection of the $ 100,000 level shows aggressive purchase of bulls. Sellers are expected to pose a significant challenge on the 20-day EMA. If the price becomes sharply down from the 20-day EMA, the $ 100,000 level risks breaking down. If that happens, sales can accelerate and the BTC/USDT -pair could be noses for $ 93,000.
On the contrary, a break and close over the 20-day EMA suggests that the couple can act in the area $ 100,000 to $ 109,588 for a while. The bears are expected to mount a strong defense in $ 109,588 to $ 111,980 zone.
Ether Prize Forest
Ether (ETH) rejected and slipped under the 20-day EMA ($ 2,515) on June 5, suggesting short-term buyers booking profits.
The 20-day EMA is flattened and RSI is near the midpoint and signalizes a possible range-bound action in the short term. ETH/USDT -paret could swing between $ 2,323 and $ 2,738 for a few more days.
A break and close over $ 2,738 indicates that Bulls have overpowered the bears. It clears the path of a rally to $ 3,000 and eventually to $ 3,153. On the other hand, a break and close to $ 2,323 support sinking paired to $ 2.111.
XRP Price Forest
XRP (XRP) rejected from the moving average on June 4th and continued its journey toward key support to $ 2.
Buyers are expected to protect the $ 2 level with all their power because a break and close below it could signal the start of a downward trend. XRP/USDT -PARET CAN GETTING $ 1.61 LEVEL AND BUILDING IT FALLING TO $ 1.27.
If the price rises above the moving average, it suggests that the couple may remain stuck in the range of $ 2 to $ 2.65 for a while longer. Buyers will be back in the driver’s seat of close over $ 2.65.
BNB Price Forest
BNB (BNB) fell during the 20-day EMA ($ 657) on June 5 and headed for the 50-day SMA ($ 636).
Bulls is trying to defend the 50-day SMA, but rebound is likely to face selling on the 20-day EMA. If the price rejects sharply from the 20-day EMA, the possibility of a break under 50-day SMA will increase. BNB/USDT -PARET could then tumble in support of $ 580.
Buyers will have to quickly push the price over the 20-day EMA to prevent the disadvantage. BNB/USDT -PARET could then collect for $ 693, which is likely to act as a stiff obstacle.
Solana prize fores
Solana’s (Sol) Lack of Rise over the 20-Day EMA ($ 160) on June 3 attracted sellers and withdrew the price below $ 153 support on June 5th.
Buyers are trying to defend the $ 140 support, but relief rally will probably have a rigid resistance at the 20-day EMA. If the price rejects sharply from the 20 -day EMA, the likelihood of a break is increasing below $ 140. Sol/USDt -paret could then fall to $ 120. Buyers are expected to hardly defend $ 120 to $ 110 support zone.
On the head, Bulls must push and maintain the pair over the 20-day EMA to open the doors to a rally for $ 185.
Dogecoin prize fores
Dogecoin (DOGE) has fluctuated inside a large interval between $ 0.14 and $ 0.26 for several days.
There is less support for $ 0.16, but the DOGE/USDT PART could fall to $ 0.14 if the level cracks. Buyers are expected to violently defend the $ 0.14 level and extend the stay within the range for more time.
The next trending movement could begin on a break below $ 0.14 or over $ 0.26. If the level of $ 0.14 breaks down, the paired nose could for $ 0.10. On the head could a break over $ 0.26 propel the pair to $ 0.38.
Carddano prize fores
Cardano (ADA) continued his slide and reached near the solid support of $ 0.60 on June 5, indicating that the bears are in control.
Bulls has started a relief that is expected to meet strong sales on the 20-day EMA ($ 0.70). If the price fiercely rejects from $ 0.70, it increases the risk of a break below $ 0.60. If that happens, the ADA/USDT -pair could fall to the critical support of $ 0.50.
Related: Dogecoin price risks 66% fall to $ 0.06, as Trump-Musk Feud intensifies
In contrast, if buyers run the price over the moving average, the next stop could be the downturn. This is a significant level to look after because a break and close over it suggests that the corrective phase may be over.
Hyperliquid Price Forest
Sellers withdrew Hyperliquid (Hype) under $ 35.73 on June 4, but the Turks defended the 20-day EMA ($ 32.69) on June 5th.
The pricing in the last few days has formed a symmetrical triangle pattern that will end on a break and close over the down -line. If that happens, the hype/usdt -pair could collect to $ 42.50 and later to the pattern target of $ 46.50.
The advantage will tilt in favor of the bears if the price turns off and breaks under the triangle. It opens the doors for a fall to $ 30 and then to the Breakout level of $ 28.50.
SUI prize fores
SUI (SUI) was rejected from the 50-day SMA ($ 3.44) on June 3rd and reached $ 2.86 support on June 5th.
Solid purchase of bulls for $ 2.86 has started a strong rejection that could reach the 20-day EMA ($ 3.40). Buyers will need to push and maintain the price over the moving average to suggest that the correction may be over. SUI/USDT -paret could then try a rally for $ 3.75 and then to $ 4.25.
Instead of if the price turns off from the 20-day EMA, the bears will again try to sink the couple under $ 2.86. If they succeed, the couple could collapse to $ 2.50.
Chainlink Price Prediction
Chainlink (Link) fell below the $ 13.20 level on June 5, suggesting the price may remain inside the falling channel pattern for a few days.
Bulls is trying to start an improvement, but the bears are expected to defend the 20-day EMA ($ 14.57). If the price rejects strongly from the 20-day EMA, the link/USDT par with could fall to $ 11.89 and later to $ 10.
This negative view will be invalid in the short term if the price rises and maintains over the resistance line. It signalizes solid purchases at lower levels. The couple could then rise to $ 18, where the bears are expected to step in.
This article does not contain investment advice or recommendations. Each investment and trade movement involves risk, and readers should make their own research when making a decision.