Bitcoin Rebounds Near Key 20-Day EMA Amid $135K and $110K Outcomes in Sight

Bitcoin Rebounds Near Key 20-Day EMA Amid 5K and 0K Outcomes in Sight


Bitcoin (BTC) has pulled back from a recent high of $124,474 to near $117,000, with analysts noting that the 20-day exponential moving average serves as a key support level [1]. A rebound from this level is seen as a sign of continued buying interest, potentially pushing the price back toward $124,500 and beyond to $135,000. However, a break below $117,000 could trigger further selling, with potential support at $115,137 and $110,530 [2]. Meanwhile, the Bitcoin Intelligence Report suggests that the year-end price target for BTC is near $200,000 [3].

Ether (ETH) has given up some ground but remains above $4,094, a key support level. Analysts note that a rebound from this level could see the price rise toward $4,788 and beyond to $5,662, provided bulls regain control [4]. However, a break below $4,094 could lead to a decline toward $3,745 [5]. Institutional interest in ETH has also surged, with spot ETFs recording over $2.9 billion in net inflows this week, signaling continued institutional confidence in the asset [6].

XRP (XRP) fell below its 20-day EMA of $3.11, indicating waning demand at higher levels. A sustained move below the 20-day EMA could see the price drop toward $2.73, while a rebound above $3.40 could push the price toward $3.66 [7]. BNB (BNB) saw a failed breakout above $861, with the price retreating to the 20-day EMA of $794. A strong rebound from this level could see the price climb toward $900 or even $1,000, but a break below $794 could signal a potential double-top pattern, with support at $732 [8].

Solana (SOL) turned down from $210, with the price nearing its 20-day EMA of $180. A rebound from this level is seen as a positive sign, potentially pushing the price toward $240 [9]. Conversely, a break below the 20-day EMA could see the price range between $155 and $210 for some time [10]. Dogecoin (DOGE) also pulled back to its 20-day EMA of $0.22, with a rebound expected to push the price toward $0.26 and potentially $0.29 [11].

Cardano (ADA) rose above $0.94 but faced resistance near $1.02. A continued push above this level could see the price move toward $1.17 and $1.25, but a break below the 20-day EMA of $0.81 could lead to a drop toward $0.73 [12]. Chainlink (LINK) saw a pullback from $24.74, with RSI forming a negative divergence, suggesting weakening bullish momentum. A move below the 20-day EMA of $20 could see the price drop to $18, but a rebound could push it toward $27.21 [13].

Hyperliquid (HYPE) re-entered an ascending channel but faces resistance near $50. A break above this level could push the price toward $64, but a decline below the channel’s support could see it fall to $36 [14]. Stellar (XLM) turned down from $0.47, with the 20-day EMA of $0.42 as a key support. A rebound could push the price toward $0.52, completing a bullish inverse head-and-shoulders pattern [15].

Source: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15]

[1] Price predictions 8/15: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM (https://cointelegraph.com/news/price-predictions-8-15-btc-eth-xrp-bnb-sol-doge-ada-link-hype-xlm)



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