Bitcoin (BTC) holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588

BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand.

Bitcoin (BTC) made a decisive move above the psychologically crucial $100,000 level during the week, signaling that the bulls are back in the game. Buyers are trying to hold onto the 10% weekly gains over the weekend.

Bitcoin’s rally was backed by solid inflows into the BlackRock spot Bitcoin exchange-traded fund (IBIT). According to Farside Investors’ data, the fund stretched its inflows streak to 19 days, with the latest trading week attracting $1.03 billion in inflows.

The rally was not limited to Bitcoin alone, as several altcoins also moved higher. That has prompted analysts to announce the start of an altseason, with some predicting sharp rallies in altcoins over the next few months. However, not everyone believes that an altcoins has started because the altcoins have only made modest moves compared to the massive price erosion from their respective all-time highs.

Could Bitcoin break out to a new all-time high and maintain it? If it does, let’s study the charts of the cryptocurrencies that may move higher in the near term.

Bitcoin price prediction

Bitcoin has been gradually inching toward the all-time high of $109,588, indicating that the bulls are in no hurry to book profits.

The rally has pushed the relative strength index (RSI) into the overbought zone, suggesting a correction or consolidation in the near term. Any pullback is expected to find support between $100,000 and the 20-day exponential moving average ($96,626). If the price rebounds off the support zone, it increases the possibility of a break above $109,588. In that case, the BTC/USDT pair could surge toward $130,000.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the pair below the 20-day EMA. If they succeed, the pair could plunge to the 50-day simple moving average ($88,962).

The pair continues to climb higher, but the bears are expected to fiercely defend the $107,000 to $109,588 zone. If the price turns down from the overhead zone, the 20-EMA is likely to act as strong support. A bounce off the 20-EMA signals that the bullish momentum remains intact. That enhances the prospects of a breakout above $109,588.

Sellers will have to tug the price below $100,000 to weaken the positive momentum. That opens the doors for a fall to $93,000 and subsequently to $83,000.

Ether price prediction

Ether (ETH) skyrocketed from $1,808 on May 8 to $2,600 on May 10, indicating aggressive buying by the bulls.

The up move pushed the RSI into the overbought territory, indicating a minor pullback or consolidation is possible in the near term. The first support on the downside is $2,320 and then $2,111. If the price turns up from the support levels, the ETH/USDT pair could extend the rally to $2,850 and later to $3,000.

The optimistic view will be invalidated in the near term if the price breaks below $2,111. That could result in a range formation between $1,754 and $2,600.

The bulls pushed the price above the $2,550 resistance but could not sustain the higher levels. A minor positive in favor of the bulls is that they have not ceded much ground to the bears. That suggests the bulls are holding onto their positions as they anticipate the up move to continue. If the price turns up from the current level of the 20-EMA and breaks above $2,609, the rally could reach $3,000.

A deeper correction could begin if the price continues lower and plummets below the 20-EMA. That could sink the pair toward the solid support at $2,111.

Dogecoin price prediction

Dogecoin (DOGE) soared above the $0.21 overhead resistance on May 10, indicating a change in the short-term trend.

The rally is facing selling at $0.26, which could result in a retest of the breakout level of $0.21. If the price rebounds off $0.21 with strength, it suggests a change in sentiment from selling on rallies to buying on dips. That increases the likelihood of a rally to $0.31.

If buyers want to prevent the upside, they will have to pull the price below the