Main Takeways:-
- Bitcoin’s positive perspective will probably remain strong if the price is maintained above the average of 20 days of around $ 92,000.
- Other Altcoins indicate bullish graphics patterns in the duration of 4 hours and 1 day. Bitcoin has lost some of the weekend earnings and has returned to the level of $ 95,000. Buyers must keep the price above $ 95,000 to maintain the positive trend.
Bitcoin Timothy Peterson’s expert shared in X that Bitcoin could reach a new historical maximum of $ 135,000 in the next 100 days if certain conditions happen. He believes that the CBOE volatility index falls below 18, could create a favorable “risk environment” for Bitcoin. In addition, a decrease in interest rates and strong performance in June and July are also a key factors necessary for Bitcoin rally.
Cryptocurrency markets can still be unstable in the short term, since merchants expect the next decision of the Federal Reserve interest rate next week. Although the Fedwatch tool of Group CME shows a low possibility of a rate cut on May 7, markets could make a significant movement after the event.
Can Bitcoin maintain the level of $ 95,000 if he returns to him? If so, let’s see the graphics of other cryptocurrencies that could increase soon.
Bitcoin pricing prediction
Bitcoin exceeded the resistance level of $ 95,000 on May 1, but buyers could not maintain the price. The price fell from $ 97,895 on May 2 and has now returned to the level of $ 95,000.
The average increase of 20 days ($ 92,106) and the RSI in a positive range show that buyers have control. If the price bounces in the area between $ 95,000 and the average of 20 days, buyers will probably try to push Bitcoin (BTC) to $ 100,000.
On the other hand, if the price falls below the average of 20 days and remains there, it could mean that the increase of more than $ 95,000 was a falsification. This increases the possibility that the price falls to the average of 50 days ($ 86,682).
Mobile averages have leveled, and the RSI is close to the medium in the 4 -hour table, which shows that the impulse is weakening. If the price falls below $ 95,000, it could fall to $ 92,800 and then to $ 91,660. If it goes below $ 91,660, the price could fall more to $ 86,000.
Buyers will have to significantly boost and increase the price above $ 97,895 to restore domain. The couple could increase to $ 100,000 and eventually to $ 107,000.
Hyperlichid price prediction (hype)
Hyperlichid is experiencing resistance to $ 21.50, but a positive sign is that buyers have not lost significant control over bears.
The average ascending price of 20 days ($ 18.48) and the RSI near the overcompra zone suggest that the price is more likely to increase. If the price closes above $ 21.50, it could lead to higher profits, reaching $ 25 and then $ 27.50.
The first sign that the price could weaken would be if it falls below the average of 20 days and remains there. This would suggest that short -term buyers are taking profits. If that happens, the price could fall to $ 17.35, where strong support is expected.
Aave pricing prediction
AAVE increased the average price levels on April 30, demonstrating that the mood has become positive and that merchants are buying when the price falls.
Buyers will try to exceed the price up to $ 196, where sellers are expected to start selling a lot. If the price falls from $ 196 but receives support in the average of 20 days, increases the possibilities of breaking that resistance. After that, the price could increase to $ 220 and eventually to $ 240.
If sellers want to prevent the price from rising, they must push it quickly below the average price levels. If they succeed, the price could lower up to $ 130.
The price faces a sales pressure of around $ 180, but a good sign is that buyers have maintained the price above the average levels. If the price increases from here and exceeds $ 180, it could quickly move around $ 196. There is a small resistance to $ 190, but it is likely to break.
Render (LND) Price Prediction
Buyers tried to increase render (LND) above the level of $ 4.87 on May 2, but the sellers stopped and maintained the low price.
The price has fallen to around $ 4.31, which is the average of the last 20 days. Buyers are likely to strive to prevent further from falling. If the price recovers from this level, there is a good possibility that it can break above $ 4.87. If that happens, the price could quickly increase to $ 6.20.
This positive perspective will not be valid if the price continues to fall and falls below the support level of $ 4.22. If that happens, the price could lower more to $ 3.80, and possibly even to $ 3.55.
Sellers have reduced the price to $ 4.22, which is an important level to observe. If the price is strongly recovering from $ 4.22, it could mean that the price will be transferred between $ 4.22 and $ 4.87 for a while. If the price exceeds $ 4.87 and remains there, it could begin to increase again around $ 5.52.
On the other hand, if the price continues to fall and falls below $ 4.22, it means that sellers are earning control again. The price could fall more than $ 3.88.
Fetch.ai pricing prediction
Fetch.ai Price could not exceed $ 0.84 and now it has fallen to around $ 0.65, which is its average price in the last 20 days.
Buyers will try to prevent the price from falling more to $ 0.65. If the price is strongly recovering from this level, it could rise to $ 0.84. If you can overcome $ 0.84 and stay there, you could even increase to $ 1.09.
Sellers can try to exceed the price below $ 0.65. If they succeed, the price could fall to around $ 0.54, where buyers could intervene to prevent it from falling further.
The price has reached an important support level at $ 0.67. If it bounces from there, sellers will try to stop the recovery around the average price levels. But if the price falls again from there and goes below $ 0.67, it means that buyers have probably given themselves. This could make the price fall more to $ 0.60.
On the other hand, if the price increases above the average levels, it shows that buyers are active at lower prices. This could mean that the price will move between $ 0.67 and $ 0.80 for a while. If the price exceeds $ 0.80 and remains there, the upward trend could continue.
Read also:- Alcista configuration for Ethereum since the price has $ 1,770
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
