Altcoin season may have started as Bitcoin (BTC) price holds above $100,000

Bitcoin (BTC) is trading above $103,000, with buyers attempting to drive the price to the all-time high of $109,588.

Key points

Bitcoin (BTC) is struggling to sustain prices above the $105,000 level, despite remaining above the key $100,000 psychological mark.

A host of factors suggest that an altcoin season may be unfolding.

World’s largest cryptocurrency Bitcoin (BTC) rose above the $103,000 level on Saturday, with buyers now focused on pushing the price toward the all-time high of $109,588.

Research firm Santiment said in a post on X, formerly known as Twitter, that Bitcoin whales and sharks, holding 10 to 10,000 Bitcoin, have been busy accumulating the cryptocurrency.

“In the past 30 days, they've added a net 83,105 BTC to their holdings. At this rate, it may be a matter of time until we see BTC's all-time high get taken out,” the firm said.

Bitcoin whales and sharks (10-10,000 BTC) have been busy adding to their crypto holdings. In the past 30 days, they've accumulated a net 83,105 BTC. At this rate, it may be a matter of time until we see BTC's all-time high get taken out.

Bitcoin price analysis

Bitcoin is rebounding from the 20-day exponential moving average, which is bullish for the short-term traders.

A break and close above the overhead resistance at $107,000 could pave the way for a rally to $130,000.

The risk to the upside is a sharp pullback that breaks below the 20-day EMA, which could tempt several short-term buyers to book profits. That could sink the pair to the 50-day SMA.

Ether price prediction

Ether (ETH) shot up above the $2,550 resistance on Saturday, but the higher levels are now attracting sellers.

The overbought level on the RSI signals a possible correction or consolidation in the near term.

If the price slips below the $2,550 level, then the bears will try to strengthen their position by pulling the ETH/USDT pair below the $2,400 support. If they can manage that, then the pair could extend the pullback to the 20-day EMA.

On the other hand, a bounce off the $2,550 suggests that the bulls are buying on every minor dip, which increases the possibility of a rally to $3,000.

XRP price prediction

XRP’s rally is encountering resistance at the $2.65 level, but a positive sign is that the bulls have not yet lost any significant ground to the bears.

That improves the prospects of a rally above the $2.65 level. Once the resistance is crossed, the XRP/USDT pair could ascend to $3.

Buyers are expected to encounter substantial resistance from the bears in the zone between $3 and $3.40.

The 20-day EMA is the crucial support level to watch out for on the downside. If the price trends downward sharply from the $2.65 level and subsequently breaks below the 20-day EMA, it suggests that the bears are still actively selling on rallies. This scenario could result in the formation of a range between the $2.65 and $2 levels.

BNB price prediction

Buyers have managed to keep BNB (BNB) above the breakout level at $644, but they are struggling to push the price higher from the $675 level.

The 20-day EMA is rising, and the RSI is in positive territory, suggesting that the bulls still have the upper hand.

A break and close above the $675 level could open the door for a possible rally to the overhead resistance at $745.

This optimistic view will be invalidated if the price trends downward and breaks below the 20-day EMA. In that case, the BNB/USDT pair may slide to the 50-day SMA.

Solana price prediction

Solana (SOL) resumed its up move after breaking above the $180 resistance, but the bulls are having difficulty maintaining the higher levels.

The bears have brought the price back below the $180 level. If they manage to sustain the lower levels, then the SOL/USDT pair could slide to the 20-day EMA.

A strong bounce off the 20-day EMA suggests that the bullish momentum remains intact. If the bulls can manage to maintain their position, they will aim to propel the pair toward the $210 level.

However, if the price breaks down and closes below the 20-day EMA, it indicates that the breakout above