BTC’s Wild Ride: $113k, $104k, and the Bear Market Mirage 🐻📉

Key points:

Bitcoin danced above $113,000 on Friday, but the long wick on the candlestick screamed, “Bears are coming!” 🐻💸
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 purchased 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. 🧠💸

Alphractal founder and CEO Joao Wedson said in a post on X that BTC’s fractal cycle may end in October 2025, 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 4-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 ($112,093) but could not sustain the higher levels.

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 ($115,304), which could attract sellers. If buyers overcome the sellers, the rally could reach $120,000 and eventually $124,474. 🧠📈

Ether price prediction

ETH (ETH) has been trading in a tight range between $4,500 and $4,250 for the past few days, indicating a balance between supply and demand. 🤝⚖️

The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price rises above $4,500, it suggests the bulls are back in the game. The ETH/USDT pair may rally to $4,664 and then to $4,957.

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The downsloping 20-day EMA ($2.90) and the RSI just below the midpoint indicate an advantage to sellers. If the price turns down sharply from the 20-day EMA, the risk of a break below $2.73 increases. The XRP/USDT pair could then plummet toward $2.20. 🐍💨

Contrarily, a break above the 20-day EMA suggests the bears are losing their grip. The XRP price may then reach the downtrend line, where the bears are expected to mount a strong defense. A break and close above the downtrend line negates the bearish setup, clearing the path for a rally to $3.40 and then $3.66. 🦄🚀

BNB price prediction

BNB (BNB) has been witnessing a tough battle between the bulls and the bears at the 20-day EMA ($848). 🧘‍♂️🧘‍♀️

The flattish 20-day EMA and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. If the price skids below $840, the next stop could be the 50-day SMA ($816). Buyers will try to stall the pullback in the zone between the 50-day SMA and the $794 level. 🛑🌀

The first sign of strength on the upside will be a break and close above $881. That suggests the bulls are back in the driver’s seat. The BNB price could pick up momentum above $900 and rally to $1,000. 🚗💨

Solana price prediction

Solana (SOL) turned down from the $210 level on Thursday but is taking support at the 20-day EMA ($198). 🛶🌊

The bulls will try to seize control by pushing the price above the $218 resistance. If they can pull it off, the SOL/USDT pair will complete a bullish ascending triangle pattern, starting the next leg of the up move to $240 and eventually to $260. 📈🌈

Sellers will have to yank the price below the uptrend line to invalidate the bullish setup. The pair may fall to $175 and then to $155, where buyers are expected to step in. That could keep the Solana price inside the $155 to $218 range for a few days. 🌀📉

Dogecoin price prediction

Dogecoin (DOGE) has been trading between the moving averages and the $0.21 support for a few days. 🐕🦴

The gradually downsloping 20-day EMA ($0.21) and the RSI just below the midpoint give a slight advantage to the bears. A break and close below $0.21 tilts the advantage in favor of the bears. The DOGE/USDT pair may then drop to $0.19, bringing the large $0.14 to $0.29 range into play. 🐕📉

Buyers will have to drive the Dogecoin price above the 50-day SMA ($0.22) to gain strength. The pair may then march toward $0.26. 🚶‍♂️💨

Cardano price prediction

Buyers tried to push Cardano (ADA) above the 20-day EMA ($0.84) on Friday, but the bears held their ground. 🧊🧊

There is support at $0.80, but if the level gives way, the ADA/USDT pair could tumble to the support line of the descending channel pattern. A bounce off the support line is expected to face selling at the 20-day EMA. If that happens, the likelihood of a break below the support line increases. The Cardano price may then descend to $0.68. ❄️📉

Contrarily, a close above the 20-day EMA suggests that the selling pressure is reducing. The pair may then reach the downtrend line. Buyers will have to pierce the downtrend line to signal the start of a new up move to $1.02. 🌟🌀

Chainlink price prediction

Chainlink (LINK) turned down from the 20-day EMA ($23.24) on Thursday, signaling that the bears are aggressively defending the level. 🧊🧊

Sellers will try to pull the price to the 50-day SMA ($21.19), which is likely to act as strong support. If the price rebounds off the 50-day SMA and breaks above $24.10, it suggests that the bears are losing their grip. The LINK/USDT pair may then climb to $26 and subsequently to $28. 🚀📈

Contrary to this assumption, a break and close below the 50-day SMA could sink the Chainlink price to the uptrend line. 🐍📉

Hyperliquid price prediction

Hyperliquid (HYPE) bounced off the 20-day EMA ($44.78) on Friday, indicating solid buying by the bulls. 🦄💥

If buyers maintain the price above $46.50, the HYPE/USDT pair could rally to the $49.88 to $51.19 overhead resistance zone. Sellers are expected to defend the resistance zone with all their might because a close above it completes a bullish ascending triangle pattern. The Hyperliquid price may then surge toward the pattern target of $64.25. 🌈🚀

This positive view will be invalidated in the near term if the price turns down and breaks below the uptrend line. The pair may slump to $40 and then to $35.51. 🐻📉

Sui price prediction

Sui (SUI) turned down from the 20-day EMA ($3.43) on Thursday, but the bulls are trying to form a support at $3.26. 🦄🛡️

The bulls will strive to strengthen their position by pushing Sui’s price above the 20-day EMA. If they do that, the SUI/USDT pair could rally to the 50-day SMA ($3.64). This is a crucial level to watch out for because a break above the 50-day SMA suggests the price may swing between $3.26 and $4.44 for some more time. 🌟🌀

The bears will have to tug the price below the $3.11 level to gain the upper hand. The pair may then slump to $2.80. 🐻📉

2025-09-05 23:14