Bitcoin and major altcoins may see upward momentum if they break key resistance levels, based on recent technical analysis.
Technical charts from CoinTelegraph show Bitcoin and several altcoins approaching a potential bullish trend reversal. Bitcoin is currently facing resistance at $69,000, with bulls attempting to sustain prices above this level to gain control in the short term.
Bitcoin Price Analysis
Buyers are trying to keep Bitcoin above its moving averages, indicating strong buying interest at lower levels. If Bitcoin breaks above $76,000, it could rise to $84,000, according to the analysis. However, a drop below $65,000 would negate this outlook and lead to a decline toward the $62,500 to $60,000 support zone.
Ether has closed above its 20-day exponential moving average at $2,085, with bulls pushing toward the $2,200 resistance. A breakthrough could propel Ether to $2,400 and potentially $3,050, but a fall below $1,916 might drop it to $1,750.
BNB is encountering resistance near its moving averages, with sellers aiming to pull prices below $596 toward the $570 support. A close above the moving averages could drive BNB to $687 and beyond to $730 or $790.
XRP is attempting to form a base near $1.29, but bears are maintaining pressure. A break below $1.27 could send it to $1.11, while surpassing the moving averages might lead to $1.61 and a potential trend change.
Solana is trying to establish a floor at $76, facing resistance at the moving averages. A breakout above $95 could push it to $117, but a close below $76 would favor sellers. Dogecoin remains between its moving averages and $0.09 support, with a possible rally to $0.10 or $0.12 if it breaks higher, or a drop to $0.08 if it falls below $0.09.
Hyperliquid fell below $36.77 but bulls are pushing back above the 20-day EMA at $37.57, potentially reaching $41.59 or $43.76. A decline below the 50-day SMA at $33.97 would invalidate this positive view. Alphractal founder Joao Wedson suggested Bitcoin's historical cycles point to a bottom in late September or early October 2026, while veteran trader Peter Brandt believes a similar timeline and recovery by Q2 2027, though he called it guesswork.
Cardano, Bitcoin Cash, and Chainlink were also mentioned, with Cardano needing to hold above key levels for gains, Bitcoin Cash facing resistance that could lead to rallies if broken, and Chainlink showing potential for upward moves if it clears overhead barriers.
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