By Chris Hollingworth 
Bitcoin has broken above the $100,000 level, a key psychological threshold, on May 8, and is currently being held by bullish momentum. CoinGlass reported that Bitcoin’s rally led to $837.80 million in short liquidations in a 24-hour period, the highest since 2021. This surge also lifted several major altcoins above their respective resistance levels. Ether (ETH) led the altcoin rally with a 22% surge on May 8, resulting in a $328 million liquidation of Ether short positions.
While the short-term outlook is positive, Bitcoin bulls are likely to encounter strong resistance near the all-time high of $109,588. To sustain the bullish momentum, traders will need to keep the price above $100,000 during pullbacks. The question remains whether Bitcoin can continue its upward trajectory and surpass its all-time high, and if altcoins are poised for a short-term rally.
Bitcoin Price Prediction
Bitcoin surged over 6% and closed above $100,000 on May 8, signaling buyer dominance. The BTC/USDT pair could target the $107,000 to $109,588 zone, where bears are expected to defend. An overbought RSI suggests a potential short-term pullback. If the price finds support at the 20-day EMA ($94,879), it could indicate further bullish sentiment.
Ether Price Prediction
Ether broke above the $2,111 resistance and reached nearly $2,550 on May 9. A solid selling presence near $2,550 is evident. If the price holds above $2,111, bulls may attempt to push it past $2,550. Conversely, a drop below $2,111 could weaken bullish momentum, potentially leading to a decline towards the 20-day EMA ($1,867).
XRP Price Prediction
XRP has approached a crucial resistance line, where sellers are likely to defend aggressively. A breakout above this level could signal a trend change, potentially propelling XRP towards $2.60 and $3. Conversely, if support at moving averages holds, bulls may attempt another move above the resistance line. A breach of the $2 support level could shift control to sellers.
BNB Price Prediction
BNB surged above $620 and faces resistance at $644. Further upside hinges on breaking above this level, with a potential target of $680. Bears must defend the $644 level to prevent further gains and push the price below moving averages to target $580.
Solana Price Prediction
Solana (SO
