Bitcoin is at risk of selling at $95,000, but sustained buying at the lower end of the trading range suggests a brief period of healthy consolidation.
Bitcoin (BTC) price broke through the $95,000 resistance level on April 28 at $94,441, but the bulls are struggling to maintain their highs. This suggests that the bears haven't given up and are attempting to defend this level. A slight positive for the bulls is that they haven't given up much to the bears, improving the prospects of reaching $100,000.
Another positive is the return of institutional demand, as evidenced by the strong net inflows of $3.06 billion into US-based Bitcoin exchange-traded funds (ETFs) last week. While some instances of high inflows into Bitcoin ETFs have led to short-term price peaks, this hasn't always been the case. Therefore, high inflows into Bitcoin ETFs alone cannot be considered a reason for a negative turn.
Dan Tapiero, founder of the hedge fund, stated in a post on the X platform that the Federal Reserve is unlikely to ignore macroeconomic data pointing to a rapid economic slowdown in the future. He predicts that increased market liquidity will push Bitcoin's price to $180,000 before the summer of 2026.
■ Standard & Poor's 500 Index Price Forecast
The S&P 500 (SPX) made a strong comeback last week, crossing above its 20-day exponential moving average (5,415).
The index may reach the 50-day simple moving average (5,623), which is likely to act as a minor obstacle. If buyers break above it, the recovery could extend to 5,800. Sellers are expected to form a strong defense at the 5,800 level.
Time is running out for the bulls. If they want to make a comeback, they will need to quickly pull the price below the 20-day EMA. If they do, the index could drop to 5,300 and then to 5,119.
■ US Dollar Index Price Forecast
The US Dollar Index (DXY) fell below the 99 level on April 21, but the bulls were unable to maintain its low levels.
However, there is a slight upside for the bears, as they have not allowed the price to rise above the upper resistance level of 100.27. This indicates declining demand at higher levels. The bears' descending moving averages and the Relative Strength Index (RSI) in negative territory indicate bears' dominance. If the price falls below 99, the indicator could retest the 97.92 level.
Bulls will need to push and sustain the price above the 20-day EMA (100.76) to signal a decline in selling pressure. The index could then rise towards the 50-day SMA (103.43).
■ Bitcoin price forecast
Bitcoin still faces stiff resistance at $95,000, but strong consolidation near the crucial level increases the likelihood of a breakout.
The 20-day EMA ($89,093) and the Relative Strength Index (RSI) are near overbought territory, indicating bulls are in control. A close above $95,000 could open the door to a rally to $100,000. Sellers are expected to aggressively defend the $100,000 level, but on the way down, buyers will attempt to cap the decline at $95,000.
This bullish outlook will be invalidated in the near term if the price declines below the 20-day EMA. This could lead the BTC/USDT pair to a decline to the 50-day SMA ($85,085).
■ Ethereum price predictions
It closed above the 50-day simple moving average ($1,792) on April 26, but the bulls were unable to maintain this momentum.
The 20-day EMA ($1,719) is vital support to watch for in a downside scenario. If the price rebounds strongly from the 20-day EMA, bulls will attempt to push the ETH/USDT pair towards the breakdown level at $2,111. Sellers are expected to defend $2,111 with all their might, as a break above it could push the pair to $2,550.
On the downside, a break above and close below the 20-day EMA suggests that bears remain in control. The ETH/USDT pair could then drop to $1,537.
■ XRP price prediction
It rose from the 20-day EMA ($2.15) on April 27, indicating a positive trend.
The XRP/USDT pair may reach a resistance line, a crucial level to watch. A break and close above the resistance line indicates a potential trend change. The pair could then rise to $3.
Conversely, if the price drops sharply from the resistance line and breaks below the moving averages, this indicates that bears are aggressively defending this level. This pair may remain stuck between the resistance line and $2 for a few more days.
■ BNB Price Prediction
Buyers have managed to hold BNB price at $603.67 above the moving averages, but they are struggling to start a strong recovery.
The flat 20-day EMA ($597) and the Relative Strength Index (RSI) just above the midpoint do not give a clear advantage to either buyers or sellers. Buyers will need to push the price above $620 to gain an edge. This could open the door to a rally to $644, followed by $680.
Alternatively, a break and close below the moving averages will strengthen the sellers' position. The BNB/USDT pair could drop to $576 and then $566, where buyers are expected to step in.
■ Solana price forecast
It faces resistance in the $148-$153 range, but it's a positive sign that buyers haven't given up much of their gains.
The 20-day EMA ($139) and the RSI in positive territory suggest the path of least resistance is upward. A break and close above $153 paves the way for a rally to $180.
Sellers would need to pull the price below the 20-day EMA to weaken the upward momentum. The SOL/USDT pair could then drop to the 50-day SMA ($130), indicating a near-term price range formation.
■ Dogecoin price prediction
to the moving averages, indicating that the movement within a price range may continue for a while.
If the price bounces off the moving averages strongly, bulls will attempt to push the DOGE/USDT pair above the $0.21 resistance level. If they succeed, the pair will complete a double bottom pattern, targeting $0.28.
Alternatively, if the price drops from $0.21, this indicates that the pair may extend its stay within the price range. Bears will gain the upper hand if the price falls below the $0.14 support level.
■ Cardano Price Predictions
It remained above the moving averages, indicating that bulls are buying on dips.
The moving averages are about to complete a bullish crossover, and the RSI is in the positive zone, indicating slight progress for the bulls. Minor resistance is present at $0.75, but if this level is broken, the ADA/USDT pair could rise to $0.83.
The first sign of weakness would be a break and close below the moving averages. This suggests that bears are still selling on rallies. The pair could then drop to $0.58, which is likely to act as support.
■ Sui Price Forecast
It is trading just below the $3.90 resistance level, indicating that the bulls are continuing to put pressure.
This increases the likelihood of a break above the upper resistance level. If this happens, the SUI/USDT pair could begin the next phase of its upward trend to $4.25, followed by $5.
Conversely, if the price declines from the upper resistance level and breaks $3.35, this would indicate that bulls are taking profits. This could push the price to the 38.2% Fibonacci retracement level at $3.14 and then to the 20-day EMA ($2.77), which would likely attract buyers.