As the crypto market remains volatile, Bitcoin is holding strong near the $97,000 mark, with traders eagerly awaiting the Federal Open Market Committee (FOMC) minutes. Bitcoin's ability to maintain support at $95,000 is crucial for potential bullish momentum in the short term. Additionally, select altcoins are also holding their support levels, indicating the potential for a short-term rally.

Bitcoin bulls are currently focused on breaking through immediate resistance at $97,895 to challenge the significant $100,000 level. Crypto analytics platform Santiment highlighted that wallets holding between 10 and 10,000 Bitcoin have been accumulating, acquiring 81,338 Bitcoin over the past six weeks. Moreover, investors have been showing interest in BlackRock's spot Bitcoin exchange-traded fund, leading to new capital inflows of around $4.7 billion.

According to analysts, for Bitcoin to maintain its bullish momentum, it must hold above $95,000. A breach below this level could signal a deeper correction. On the other hand, staying above $95,000 could pave the way for a potential rally to new all-time highs.

The crypto market is closely watching whether Bitcoin can challenge the $100,000 resistance level and if select altcoins are indicating a short-term upward trend. Analyzing the charts of the top 10 cryptocurrencies provides insights into potential price movements.

For Bitcoin, a rebound off the 20-day exponential moving average suggests positive sentiment, with a possible challenge of the $100,000 psychological barrier. Ethereum, on the other hand, is showing resilience above moving averages, with potential resistance at $1,873.

XRP, BNB, Solana, Dogecoin, Cardano, Sui, Chainlink, and Avalanche are also showing varying price predictions based on technical analysis. These cryptocurrencies are experiencing movements based on support and resistance levels, indicating potential short-term trends.

Investors and traders are advised to conduct their own research and analysis before making any investment decisions. The crypto market remains highly volatile, and prices can fluctuate rapidly. It is essential to stay informed about market developments and trends to make informed decisions in the ever-changing crypto landscape.

Source: https://cointelegraph.com/news/price-predictions-5-7-btc-eth-xrp-bnb-sol-doge-ada-sui-link-avax?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound