Key highlights:
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Bitcoin may climb to $115,000 and then $120,000, but whale selling pressure might limit gains soon.
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Certain altcoins show strength, poised to surpass their resistance zones.
This week, Bitcoin (BTC) buyers attempt to hold levels above $112,500, though bears remain active. Monitoring whale transactions is crucial as the market reacts to their moves.
Recent CryptoQuant data reveals whales sold nearly 115,000 BTC in the last month — the largest sell-off since mid-2022. Persistent whale selling could restrict Bitcoin’s upward momentum in coming weeks.
On downside risks, the $100,000 area is closely watched. The trader ZYN noted BTC has previously found support at the 0.382 Fibonacci retracement in Q3 2024 and Q2 2025. A possible scenario includes a 10% drop near $100,000 before a significant 50% rally above $150,000.
Demand from Bitcoin treasury firms is declining. Michael Saylor’s Strategy, the largest Bitcoin holder, acquired around 7,700 BTC in August — much lower than July’s 31,466 BTC. Other firms also decreased purchases, signaling cautious sentiment.
Will Bitcoin overcome resistance and can altcoins follow? Let’s review market charts of the top 10 cryptocurrencies to uncover potential trends.
S&P 500 (SPX) Forecast
The SPX reached a new intraday high recently but faced selling pressure afterward. RSI indicates weakening bullish momentum.
If prices fall below the 50-day SMA around 6,356, deeper corrections may occur towards 6,147. Conversely, a bounce from moving averages could reinvigorate the uptrend targeting 6,700.
US Dollar Index (DXY) Outlook
The DXY saw sellers resist rallies above its moving averages, signaling potential downside.
Support at 96.37 is critical; a drop below this could push the index down to 95. Bullish revival requires surpassing 99, aiming for resistance at 100.50 and ultimately 102.
Bitcoin (BTC) Price Movement
BTC surpassed the 20-day EMA near $111,902, indicating renewed bullish momentum. It may test the 50-day SMA at $114,920, where selling might arise.
If BTC rises above this SMA, prices could consolidate in a range between $107,000 and $124,474. Otherwise, failing to hold this level may lead to a drop toward $100,000.
Ethereum (ETH) Market Trends
ETH has been trading close to its 20-day EMA ($4,351), reflecting buyer-seller indecision.
A support break below $4,060 may trigger profits selling, possibly pushing ETH down to $3,745 or $3,350. On the upside, breaking above $4,500 could lead to retesting resistance near $4,956 and further rally to $5,500.
XRP Price Analysis
XRP recently moved above the 20-day EMA ($2.90) and approaches the downtrend line.
Sellers are likely to defend this trendline strongly. Surpassing it may invalidate bearish patterns and push XRP towards $3.40. Alternatively, failure could keep it trapped within the descending triangle, with risk of decline below $2.73.
Binance Coin (BNB) Outlook
BNB bounced from support at $840 and broke above $861, aiming for $900, where resistance is anticipated.
If it dips from $900 but holds the 20-day EMA ($855), bulls remain favored, possibly driving BNB to $1,000. Breaking below $840 may signal retreat toward $824 and $794.
Solana (SOL) Forecast
SOL rebounded from the 20-day EMA ($201) and attempts to break $218 resistance to form a bullish ascending triangle.
Above $218, SOL may rise to $240 and then $260. Defending $218 and pushing SOL below the 50-day SMA ($189) could shift momentum to bears, with potential drop to $175.
Dogecoin (DOGE) Update
DOGE exceeded its moving averages, trading between $0.21 and $0.26, with the 20-day EMA beginning to climb.
Bulls have a slight edge, targeting $0.29. Clearing $0.29 could spark a new leg to $0.44. Key support is $0.21; beneath this, DOGE might slide to $0.19 or $0.16.
Cardano (ADA) Analysis
ADA moved above moving averages, nearing the descending channel’s downtrend line.
Breaking resistance may end current correction, allowing rallies to $0.96 and $1.02. Failing to clear the trendline suggests price will remain channel-bound, with bears gaining control if support breaks.
Hyperliquid (HYPE) Price Action
HYPE surged past the $49.88-$51.19 resistance, completing a bullish ascending triangle pattern with a close above $51.19.
This breakout could propel HYPE to the $64.25 target. However, a fall back into the triangle warns of selling pressure, risking a decline to $40.
Investors should conduct thorough research and consider risks before making decisions.
