By Chris Hollingworth 
Bitcoin has managed to stay above the $100,000 mark, but buyers are finding it challenging to maintain prices above $105,000. Despite this, strong performances from alternative cryptocurrencies, known as altcoins, suggest that an “altseason” may have begun in the crypto market.
Currently, Bitcoin (BTC) is trading above $103,000, with buyers aiming to drive the price back to its all-time high of $109,588. Research from Santiment indicates that Bitcoin whales and sharks, who hold 10 to 10,000 Bitcoin each, accumulated 83,105 Bitcoin in the past 30 days. This accumulation trend suggests a potential retest of Bitcoin’s all-time high could be on the horizon.
Analysts are also showing optimism towards altcoins, as factors such as declining Bitcoin and USDT dominance, along with a rally in select altcoins, indicate the possibility of an impending altcoin season.
However, not all market participants share the same bullish sentiment. Alphractal CEO Joao Wedson noted that Bitcoin is currently in the “Alpha Price” zone, which could attract profit-taking by long-term holders or whales.
As investors speculate on whether Bitcoin could challenge its all-time high and if altcoins will continue their rally amid potential consolidation in Bitcoin, let’s examine the charts of the top 10 cryptocurrencies for further insights.
Bitcoin Price Prediction
Bitcoin recently bounced off the $100,718 level, indicating bullish attempts to establish $100,000 as a support level. If the price remains above $100,000, the likelihood of a retest of the all-time high increases. However, strong resistance is expected in the $107,000 to $109,588 range. A breakthrough could propel the BTC/USDT pair towards $130,000, while a sharp pullback below the 20-day EMA may lead to a retest of the 50-day SMA.
Ether Price Prediction
Ether (ETH) surged above the $2,550 resistance, but faces selling pressure at higher levels. An overbought RSI suggests a potential correction or consolidation. If the price falls below $2,550, bears may target the $2,400 support, with further downside potential towards the 20-day EMA. Conversely, a bounce from $2,550 could signal continued bullish momentum with a target of $3,000.
XRP Price Prediction
XRP is encountering resistance at $2.65, but bullish momentum remains intact. A breakthrough above $2.65 could pave the way for a rally towards $3, with key resistance at $3 to $3.40. Support at the 20-day EMA near $2.32 is crucial, as a break below this level could indicate bearish sentiment and a potential range-bound movement.
BNB Price Prediction
Buyers are struggling to push BNB above $675 after holding above $644. A breach and sustained close above $675 may lead to a rally towards $745, with support at the rising 20-day EMA. However, a downturn below the 20-day EMA could see BNB retreat towards the 50-day SMA at $603.
Solana Price Prediction
Solana has shown strength after breaking above $180, but faces challenges in maintaining higher levels. A struggle to hold above $180 may indicate potential downside, with key support at the 20-day EMA. A break above this level could signal further upside towards overhead resistance at $745.
