Key points:
Bitcoin rallied above $113,000 on Friday, but the long wick on the candlestick shows solid selling at higher levels.
Several major altcoins are trying to hold on to their support levels, but the bears have maintained their selling pressure.
Sellers pulled Bitcoin (BTC) below $110,000 on Thursday, but the bulls bought the dip and pushed the price above $113,000 on Friday. Higher levels attracted selling by the bears trying to pull the BTC price back below $110,000.
According to Glassnode’s latest The Week Onchain Report, BTC’s crucial level to watch on the upside is $116,000. If buyers pierce the $116,000 resistance, BTC could start the next leg of the uptrend. On the other hand, BTC risks falling to the $93,000 to $95,000 range if the $104,000 level cracks.
Crypto market data daily view. Source: Coin360
Alphractal founder and CEO Joao Wedson said in a post on X that BTC’s fractal cycle may end in October, but before that, a move to $140,000 is possible. If BTC tops out in October, it risks entering a bear market in 2026, which could pull the price below $50,000. Wedson added that he was eager to see if BTC’s four-year cycle had ended due to strong demand from exchange-traded funds and institutional investors, as some analysts claim.
What are the crucial support levels to watch out for in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC bulls pushed the price above the 20-day exponential moving average (EMA) ($112,093) but could not sustain the higher levels.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will have to swiftly tug the price below $109,000 to retain the advantage. The Bitcoin price may then descend to $107,250, a vital level to watch out for. If the support breaks down, the BTC/USDT pair may plunge to $105,000 and then to $100,000.
Buyers will have to push and sustain the price above the 20-day EMA to indicate strength. The pair may then climb to the 50-day simple moving average (SMA) ($115,304), which could attract sellers. If buyers overcome the sellers, the rally could reach $120,000…
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