ANALYSER FUTURE PREDICTION : Bitcoin is moving closer to its range highs, sparking optimism across the market. Several altcoins are showing breakout signals ā could this be the start of altseason? š
Bitcoin Price Update ā September 5
Bitcoin surged past $113,000 on Friday, but the long upper wick on the candlestick suggests heavy selling at higher levels.
Bulls defended the dip below $110,000 on Thursday and pushed BTC back up, but bears continue to sell into rallies, aiming to drag the price under $110K again.
š According to Glassnodeās Week On-Chain Report, the key resistance to watch is $116,000. A breakout above this level could trigger the next leg of the uptrend.
ā ļø If support at $104,000 fails, BTC may slide toward the $93Kā$95K zone.
Bitcoin Fractal Cycle Update
Alphractal founder & CEO Joao Wedson shared on X that Bitcoinās fractal cycle may conclude in October, with the potential for a rally toward $140,000 before topping out. However, if BTC peaks in October, it could risk entering a bear market by 2026, possibly dragging prices below $50,000.
Wedson added that heās closely watching whether BTCās classic four-year cycle has already shifted, driven by strong demand from ETFs and institutional investors, as some analysts suggest.
š The key question now: What are the crucial support levels for BTC and major altcoins?
Letās break down the charts of the top 10 cryptocurrencies to find out.
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BITCOIN FUTURE PREDICTION:
BTC bulls managed to push the price above the 20-day EMA ($112,093) but failed to sustain momentum at higher levels.
For bears to keep control, they need to drag the price below $109,000, opening the way for a drop to $107,250 ā a crucial support zone. A breakdown here could extend losses toward $105,000 and even $100,000.
On the flip side, buyers must reclaim and hold above the 20-day EMA to show strength. If successful, BTC could rise to the 50-day SMA ($115,304), where sellers may step in. A clear breakout above this level could fuel a rally to $120,000, and later $124,474.
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Ethereum Price Prediction
ETH ($4,313) has been consolidating in a narrow range between $4,500 and $4,250, signaling an equilibrium between buyers and sellers.
The 20-day EMA is flat, and the RSI hovers near the midpoint, showing no clear edge for either side. A breakout above $4,500 would tilt momentum toward the bulls, potentially driving the ETH/USDT pair to $4,664, and later $4,957.
On the downside, if ETH slips below $4,250, the pair could revisit the $4,094 breakout level. Buyers are likely to defend this zone strongly, but if it breaks, ETH may decline further toward $3,745.
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XRP Price Prediction
XRP ($2.83) is forming a descending triangle pattern, which would confirm on a breakdown and close below $2.73.
The 20-day EMA ($2.90) is sloping down, and the RSI sits just below neutral, giving bears the upper hand. If the price turns down from the 20-day EMA, the likelihood of a breakdown below $2.73 rises, which could open the doors for a drop toward $2.20.
On the flip side, a decisive move above the 20-day EMA would signal weakening bearish momentum. The XRP/USDT pair could then rise to the downtrend line, where sellers may try to reassert control. If bulls break and close above this barrier, it would invalidate the bearish setup and pave the way for a rally toward $3.40, followed by $3.66.
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BNB Price Prediction
BNB ($851.12) is locked in a tight battle at the 20-day EMA ($848), with neither bulls nor bears taking clear control.
The 20-day EMA is flat, and the RSI sits just above neutral, signaling indecision. A drop below $840 could drag the price down to the 50-day SMA ($816). Buyers are likely to defend the support zone between the 50-day SMA and $794.
On the upside, the first sign of strength would be a breakout and close above $881, indicating bulls regaining control. If that happens, momentum could accelerate, driving BNB past $900 and toward $1,000.
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Solana Price Prediction
SOL ($204.17) pulled back from the $210 resistance on Thursday but is holding support at the 20-day EMA ($198).
Bulls aim to push the price above $218, which would complete a bullish ascending triangle pattern. If successful, the SOL/USDT pair could rally toward $240 and later $260.
On the downside, bears need to drag the price below the uptrend line to negate the bullish outlook. Such a move could send SOL down to $175, and possibly $155, where buyers are expected to re-enter. This would likely keep the token trading in a $155ā$218 range for some time.
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Dogecoin Price Prediction
DOGE ($0.2161) has been consolidating between the moving averages and the $0.21 support in recent days.
The 20-day EMA ($0.21) is edging lower, and the RSI sits just below neutral, giving bears a slight advantage. A decisive break and close below $0.21 would strengthen bearish control, potentially pulling the DOGE/USDT pair down to $0.19 and reactivating the broader $0.14ā$0.29 range.
On the upside, buyers need to push the price above the 50-day SMA ($0.22) to signal strength. If achieved, DOGE could advance toward $0.26.
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Cardano Price Prediction
ADA ($0.832) attempted to break above the 20-day EMA ($0.84) on Friday, but sellers defended the level.
Immediate support lies at $0.80. If this level fails, the ADA/USDT pair could slide toward the support line of the descending channel. A rebound from this area is likely to face resistance at the 20-day EMA. If the price turns down again, the chances of a breakdown below the channel support rise, potentially dragging ADA to $0.68.
On the flip side, a close above the 20-day EMA would indicate easing selling pressure. That could set the stage for a move to the downtrend line. A breakout above this barrier would signal the start of a new rally toward $1.02.
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Chainlink Price Prediction
$LINK ($22.34) turned lower from the 20-day EMA ($23.24) on Thursday, showing that bears are firmly defending this level.
Sellers will attempt to drag the price down to the 50-day SMA ($21.19), which should act as strong support. If LINK rebounds from this zone and breaks above $24.10, it would signal weakening bearish pressure. In that case, the LINK/USDT pair could advance to $26 and then $28.
However, if the 50-day SMA fails to hold, LINK may decline further toward the uptrend line.
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Hyperliquid (HYPE) Price Prediction
HYPE rebounded from the 20-day EMA ($44.78) on Friday, signaling strong demand from buyers.
If bulls sustain the price above $46.50, the HYPE/USDT pair could climb toward the $49.88ā$51.19 resistance zone. Sellers are likely to defend this region aggressively, but a decisive close above it would confirm a bullish ascending triangle breakout, setting up a potential rally toward $64.25.
This bullish outlook would weaken if the price reverses and breaks below the uptrend line, which could drag HYPE down to $40, and then to $35.51.
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Sui Price Prediction
SUI ($3.38) pulled back from the 20-day EMA ($3.43) on Thursday, but buyers are attempting to establish support near $3.26.
If bulls push the price above the 20-day EMA, the SUI/USDT pair could rise toward the 50-day SMA ($3.64). A breakout above this level would suggest consolidation inside a wider $3.26ā$4.44 range.
On the downside, bears need to drag the price below $3.11 to regain control. Such a move could send SUI sliding to $2.80.
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