Bitcoin (BTC) has just made an impressive breakout this week, rising more than 6% and showing strong buying interest around the psychologically important $100,000 level. Bulls are trying to consolidate their advantage by holding prices above $108,000 – a key resistance level. According to a popular analyst Rekt Capital, if Bitcoin sets a new weekly closing high in history, this could mark the beginning of a new uptrend, paving the way for unprecedented highs.

However, investors should note that liquidity tends to decrease over the weekend, which can make breakouts less sustainable. Bears are likely to return early this week, looking to pull prices back to the familiar range of $100,000 to $111,980.

Bitcoin’s bullish momentum is also spreading to many altcoins, helping these coins bounce from important support levels. If BTC establishes a new high, it is possible that many altcoins will continue to recover and overcome the resistance levels that lie ahead.

In this article, let's analyze the charts of the top 5 cryptocurrencies that are currently showing positive signals, and identify notable support and resistance levels to get a more comprehensive view of the market trend.

BTC Technical Analysis

Bitcoin is trading in a range between the moving averages and the downtrend line. The bulls have tried to push the price above the downtrend line, but the bears are still holding firm.

BTC/USDT Daily Chart | Source: TradingView

The moving averages are trending slightly up, while the relative strength index (RSI) is in the positive zone, suggesting that the bulls have a slight advantage. If buyers can push the price above the downtrend line, the BTC/USDT pair could rise to $110,530 and then $111,980.

Bears are expected to exert strong pressure in the area between the downtrend line and the neckline of the inverse head and shoulders pattern. However, if bulls can overcome this hurdle, the pair could break out to $150.492.

This bullish scenario would be invalidated in the short term if the price turns down from the downtrend line and breaks below the moving averages. In that case, the risk of a drop to $102,500 and even $100,000 would be opened.

BTC/USDT 4-hour chart | Source: TradingView

On the 4-hour chart, the pair bounced off the 20-period EMA, but the bulls failed to overcome the upper barrier at the downtrend line. If the price continues to decline and breaks below the 20-period EMA, it will indicate that the bulls are losing strength. The pair could slide towards the 50-period SMA – a key support level to watch. A break below the 50-period SMA could accelerate the sell-off, dragging the price towards the $100,000 region.

Conversely, to establish strength, the bulls need to push the price above and sustain above the downtrend line.

HYPE Technical Analysis

Hyperliquid (HYPE) slipped below the 20-day EMA ($37.14) on Thursday, but the bears could not keep the price low, suggesting buying on every minor correction.

HYPE/USDT Daily Chart | Source: TradingView

The bulls pushed the price back above the 20-day EMA on Saturday. The current resistance is at $39.12, but if the bulls break above this level, the HYPE/USDT pair could surge to $42.50. However, the area between $42.50 and $45.80 is expected to act as a strong resistance.

Conversely, if the price turns down and breaks below the 20-day EMA, it will suggest that bears are active at higher levels. The pair could then decline towards the 50-day SMA ($34.42). A break and close below this level could drag the price to $30.69.

HYPE/USDT 4-hour chart | Source: TradingView

The pair has now found support at the 50-period SMA, and the bulls are attempting to push the price above the short-term resistance at $39.12. If successful, the pair could rise to $41 and then $42.50.

The first support levels on the downside are the 20 EMA and then the 50 SMA. If the price breaks below these averages, it will signal that the bullish momentum is weakening. The pair could drop to $33.25 and then to the strong support zone at $30.69.

BCH Technical Analysis

Bitcoin Cash (BCH) is facing selling pressure in the $500 region, but the positive point is that the bulls have not ceded much ground to the bears.

BCH/USDT Daily Chart | Source: TradingView

The moving averages are trending up and the RSI is in the positive zone – this suggests that the bulls are in control. As a result, the possibility of a breakout of $500 is increasing. If this happens, the BCH/USDT pair could surge to $550. The bears may look to stall the rally at $550, but if the bulls prevail, the next target could be $625.

The first support levels are at the 20-day EMA ($464), followed by the 50-day SMA ($430). A break below the 50-day SMA would signal that bears are back in the game.

BCH/USDT 4-hour chart | Source: TradingView

On the 4-hour time frame, the bulls are trying to keep the price above the 20-period EMA. If successful, the pair could once again surpass the $500 resistance. The bullish momentum could be strengthened above the $511 mark.

Conversely, if the price breaks and sustains below the 20-period EMA, it indicates that the bulls are taking profits. The price could then fall to the 50-period SMA, where buying pressure is likely to return.

LINK Technical Analysis

Chainlink (LINK) has been clinging to the 20-day exponential moving average (EMA) at $13.27 for the past few days, suggesting that the bulls are still maintaining buying pressure.

LINK/USDT Daily Chart | Source: TradingView

If the price breaks and holds above the 20-day EMA, the LINK/USDT pair could rise to the 50-day simple moving average (SMA) at $14.43. The bears are expected to defend the 50-day SMA aggressively, as a break above this level would signal a possible trend reversal. The pair could then continue climbing towards the $18 zone.

Conversely, if the price turns sharply lower from the current levels or from the 50-day SMA, it will suggest that the bears are using the rallies to sell. A break below $12.73 could keep the LINK/USDT pair stuck in the downtrend channel for some time.

LINK/USDT 4-hour chart | Source: TradingView

The bulls are trying to push the price towards the resistance line, but the bears are defending aggressively at the $13.50 zone. If the price turns down and breaks below the 20-period EMA, it will indicate that the buying pressure at higher levels is weakening. The pair could then decline towards the 50-period SMA.

Conversely, if the price bounces back strongly from the 20 EMA, it will reflect positive sentiment in the market. The LINK/USDT pair could rise to the resistance line, which is an important technical level to watch. If the price breaks through this resistance zone, the pair could move towards $15.50.

SEI Technical Analysis

Sei (SEI) regained bullish momentum after breaking above the 50-day SMA at $0.21 on Monday, while also breaking above the $0.29 resistance zone on Tuesday.

SEI/USDT Daily Chart | Source: TradingView

However, the buying pressure was not strong enough to sustain the higher levels, causing the price to slide below $0.29 on Wednesday. A positive sign for the bulls is that they quickly pushed the price back above $0.29. The 20-day EMA is now starting to slope up, the RSI is also in the positive zone, suggesting that the main trend is still in favor of the bulls. The SEI/USDT pair could head towards $0.35, and further to $0.43.

However, this bullish scenario will be invalidated in the short term if the price reverses and breaks below the 20-day EMA. In that case, the pair could fall to the $0.19 zone, followed by $0.15.

SEI/USDT 4-hour chart | Source: TradingView

Both moving averages are trending up, along with the RSI in the positive zone, suggesting that the advantage is currently with the bulls. If the price remains stable above $0.30, the SEI/USDT pair could continue its rally to $0.33.

However, the bears are unlikely to stand still. They will try to pull the price below the 20-day EMA. If successful, the pair could slide to $0.27 and then the 50 SMA. The bulls are expected to mount a strong defense at the 50 SMA, as a deeper decline could significantly delay the uptrend.



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