INSUBCONTINENT EXCLUSIVE:
Key points:Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins
Many major altcoins are stuck in a range, but HYPE is showing signs of strength.Bitcoin (BTC) made a solid start to the week, sprinting
toward the overhead resistance zone of $109,588 to $111,980
The move higher may have been triggered due to the optimistic expectations from the US-China trade talks in London.Trader Cas Abbe said in a
post on X that Bitcoin is likely to witness a big move, possibly above $109,000 to $110,000
Abbe noted that $15.11 billion in shorts would be liquidated if Bitcoin soars 10% from the current levels
On the other hand, a 10% down move risks liquidation of $9.58 billion in long positions.Crypto market data daily view
Private wealth manager Swissblock anticipates a drop to $104,000, while analyst Mickybull Crypto expects a fall to $101,500.Could buyers
out.S&P 500 Index price predictionThe S&P 500 Index (SPX) extended its recovery last week, and the bulls are trying to build upon the
momentum on June 9.SPX daily chart
Source: Cointelegraph/TradingViewThe upsloping 20-day exponential moving average (EMA) (5,883) and the relative strength index (RSI) in the
positive territory indicate that the bulls are in command
Buyers will try to push the price to the 6,147 overhead resistance.The move higher may not be easy as the sellers are expected to defend the
6,000 to 6,147 zone with all their might
The first sign of weakness will be a break and close below the 20-day EMA, opening the gates for a fall to 5,767.US Dollar Index price
predictionBuyers are trying to start a recovery in the US Dollar Index (DXY) but are facing selling near the 20-day EMA (99.49).DXY daily
Source: Cointelegraph/TradingViewThe bears will try to sink the index to 97.92, an important support level to watch out for
A break and close below the 97.92 level signals the resumption of the downtrend
The index could then extend the decline to 95.67.This negative view will be invalidated in the near term if the price turns up and breaks
above the 50-day simple moving average (SMA) (100.30)
The index could then jump to the overhead resistance at 102.Bitcoin price predictionBitcoin rose above the 20-day EMA ($105,296) on June 7,
and the bulls cleared the overhead hurdle at $106,794 on June 9.BTC/USDT daily chart
Source: Cointelegraph/TradingViewThe price action of the past few days has formed an inverted head-and-shoulders pattern, which will
complete on a break and close above the neckline near $112,700
If that happens, the pair could skyrocket toward the pattern target of $146,892.Alternatively, if the price turns down and breaks below the
20-day EMA, it signals that the bears are active at higher levels
The BTC/USDT pair could then plunge to solid support at $100,000
The bulls are expected to defend the $100,000 level with all their might because a break below it may deepen the pullback to $93,000.Ether
price predictionEther (ETH) has been consolidating between $2,323 and $2,738 for the past few days, indicating a tough battle between the
bulls and the bears.ETH/USDT daily chart
Source: Cointelegraph/TradingViewIf the price maintains above the 20-day EMA ($2,515), the ETH/USDT pair could rally to $2,738
This is a critical resistance for the bears to defend because if the level gets taken out, the pair could soar to $3,000 and then to
$3,153.Contrary to this assumption, if the price turns down sharply from the current level, it suggests that the bears are trying to take
The trend will favor the bears on a break and close below the 50-day SMA ($2,284)
The pair could then collapse to $2,111.XRP price predictionXRP (XRP) has been range-bound between $2 and $2.65 for the past several days,
indicating a balance between supply and demand.XRP/USDT daily chart
Source: Cointelegraph/TradingViewThe flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the
If the price rises above the moving averages, the XRP/USDT pair could ascend to the $2.65 overhead resistance.Conversely, if the price turns
down sharply from the moving averages, the bears will try to sink the pair below the $2 support
If they can pull it off, the pair could retest the vital support at $1.61.BNB price predictionBNB (BNB) has been oscillating between $693
and $634 for the past few days, signaling buying near the support and selling close to the overhead resistance.BNB/USDT daily chart
Source: Cointelegraph/TradingViewIf buyers drive the price above the 20-day EMA ($655), the BNB/USDT pair could extend its stay inside the
The next leg of the up move could begin after buyers shove the price above $693
The pair could then rally to $732.Sellers are likely to have other plans
They will strive to halt the relief rally at the 20-day EMA
If they do that, the pair risks a drop below the $634 support
If that happens, the pair could plummet to $580.Solana price predictionSolana (SOL) turned up from the $140 support on June 5, but the
Source: Cointelegraph/TradingViewIf the price turns down sharply from the moving averages, the bears will try to tug the SOL/USDT pair below
If they succeed, the pair could tumble to $123 and subsequently to the solid support at $110.Conversely, if the price pierces the moving
averages, it suggests that the bears are losing their grip
if ETF approved, then crash 90%, new analysis saysDogecoin price predictionDogecoin (DOGE) is finding support near the $0.16 level, but the
bulls are struggling to maintain the higher levels.DOGE/USDT daily chart
Source: Cointelegraph/TradingViewThe downsloping 20-day EMA ($0.19) and the RSI in the negative territory indicate that bears have an edge
Sellers will try to pull the price below $0.16, challenging the crucial $0.14 support
Buyers are expected to mount a strong defense at the $0.14 level, keeping the DOGE/USDT pair inside the range for some more time.The longer
the price remains inside the range, the greater the eventual breakout from it
Source: Cointelegraph/TradingViewThe bears will try to pull the price below the $0.60 level
If they manage to do that, the ADA/USDT pair could retest the $0.50 support
Buyers are expected to vigorously defend the $0.50 level because a break below it may sink the pair to $0.40.Buyers will have to drive the
price above the moving averages to gain strength
The pair may then climb to the downtrend line, which is a critical level to watch out for
A break and close above the downtrend line suggests the start of a new up move to $1.02.Hyperliquid price predictionHyperliquid (HYPE) rose
above the symmetrical triangle pattern on June 9, signaling that the uncertainty has resolved to the upside.HYPE/USDT daily chart
Source: Cointelegraph/TradingViewIf buyers sustain the price above the triangle, the HYPE/USDT pair could pick up momentum and soar to
There is resistance at $40, but that is likely to be crossed
Sellers will try to halt the up move at $42.50, but if the bulls prevail, the pair could rally to the pattern target of $46.50.This
optimistic view will be negated in the near term if the price turns down sharply and breaks below the triangle
That suggests the break above the triangle may have been a bull trap
The pair could slump to $30.50 and later to $28.50.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
