The cryptocurrency market shows positive trends, generating optimism among investors. Bitcoin and its altcoins anticipate possible growth in the coming days, especially with attention to key resistance and support levels.
Bitcoin Price Prediction
Bitcoin has failed to break above the $120,000 level, but the bulls are not giving up ground to the bears. Inflows into Bitcoin ETFs have resumed over the past three trading days, indicating renewed investor interest.
If buyers manage to break the resistance at $123,218, the BTC/USDT pair may rise to $135,729 and possibly reach the target level of $150,000. However, if the price drops below $115,000, it may signal profit-taking by traders.
Ether Price Prediction
Ethereum faced resistance at $3,941, but the bulls are trying to hold the price above $3,745. If this support holds, an upward move to $4,094 may be possible, where the bulls could face serious resistance. Conversely, a drop below the 20-day moving average could lead to a deeper correction.
Predictions for BNB, AVAX, and PENGU
BNB pulled back from $861, indicating profit booking among short-term buyers. If the price bounces from the support level at $794, it could enhance the chances of a rise above $861. Similarly, Avalanche continues to trade within a range, and a breakout above $27.38 could initiate a new upward move. Pudgy Penguins aims to break the resistance level at $0.046, and a successful breakout may lead to price increases.
The overall positive dynamics in the cryptocurrency market indicate potential growth for key currencies. Investor focus should be on support and resistance levels for each of the analyzed cryptocurrencies.
