Key Points:
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Bitcoin sees support at lower levels but could encounter significant selling pressure between $120,000 and $123,218.
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Inflow of over $1 billion into Ether ETFs on Monday indicates strong institutional interest.
Bitcoin’s (BTC) notable rejection close to its all-time high of $123,218 suggests that bearish traders will not give up easily. The failure to reach a new peak has caused a pullback in many altcoins, though some have shown a strong recovery.
Some analysts have expressed caution regarding BTC after the recent rejection. ZAYK Charts highlighted on X that the Wyckoff method implies BTC may be entering a distribution phase, which could lead to a drop toward $95,000 if confirmed.
In contrast, Ether (ETH) is performing well. Farside Investors reported that spot ETH ETFs achieved their highest net inflows ever, totaling $1.01 billion on Monday.
Bitcoin Price Prediction
Sellers successfully prevented buyers from pushing BTC above its all-time high of $123,218. The flat 20-day simple moving average ($116,779) indicates a balance of supply and demand, while a positive relative strength index (RSI) suggests momentum may favor the bulls. If BTC maintains above this average, a move past $123,218 could see prices surge toward $135,000.
Ether Price Prediction
Ether initiated a new upward trend on Tuesday after the price exceeded $4,366. Rising moving averages combined with an RSI in the overbought range indicate that upward momentum continues. Buyers will aim for $4,868, but a critical support level to monitor is $4,094, as a breach below this could lead to further declines.
BNB Price Prediction
BNB (BNB) has been oscillating within a narrow range of $792 to $827, reflecting uncertainty among traders. A break above $827 could propel prices toward $861, while failure to maintain above the 20-day SMA ($787) might indicate a correction toward $761 and further down to $732.
Chainlink (LINK) gained traction after surpassing the $18 resistance. The price may rise to $27, but a significant pullback below $20.83 could signal a decline toward $18. Meanwhile, Uniswap (UNI) saw buying support at the 50-day SMA ($9.05) and aims for upward movement above $12 to reach $15.
Disclaimer: This article is not intended as investment advice. All investments carry risk, and readers should perform their own research before making financial decisions.
