By Chris Hollingworth 
A potential breakthrough of the $105,000 barrier could spark a surge in Bitcoin’s price towards $130,000. Meanwhile, Ether and several altcoins are displaying strength in the market.
Bitcoin has been trading between $100,718 and $105,819 recently, suggesting a balance between supply and demand. The ability of the price to maintain above $100,000 is a positive signal, indicating bullish support and anticipation of further gains.
Market analysis from Santiment points out that the failure to surpass $105,000 has led to impatience among retail traders, historically signaling a bullish trend for prices.
However, the inability to push past the all-time high of $109,588 might prompt short-term investors to take profits, endangering the $100,000 support level. A breakdown below this support could lead to a deeper pullback for Bitcoin.
Can a surge in Bitcoin’s price propel select altcoins to new highs? Let’s examine the top 10 cryptocurrencies to gauge the potential.
Bitcoin Price Forecast
Bitcoin bulls are facing resistance around $105,000, but the support at $100,000 remains intact, indicating bullish control. With the 20-day EMA and RSI signaling strength, a close above $105,000 could pave the way for a move past $109,588 towards $130,000.
Ether Price Forecast
Ether’s pullback is finding support near $2,550, with buyers stepping in at every dip. Breaking above $2,750 could reignite the uptrend towards $2,860 and potentially $3,000. On the downside, watch for support at $2,400 and the 20-day EMA at $2,225.
XRP Price Forecast
XRP is testing resistance after a rejection at $2.65, signaling a potential range-bound movement between $2.65 and $2. A strong bounce off the support line could push XRP towards $3, while a break below suggests weakening momentum.
BNB Price Forecast
Buyers defending the $644 level in BNB, but a lack of strong rebound hints at bearish pressure. A bounce from the support zone could target $693, but a drop below the 20-day EMA may lead to a decline to the 50-day SMA at $604.
Solana Price Forecast
Solana faces resistance at $180, yet bulls are holding their ground. Breaking above this level could lead to further gains, while failure may invite downside pressure. The 20-EMA is a key level to monitor for potential shifts.
