Key Points:
* Bitcoin clocked a 10% gain in the past week as technical indicators remain bullish.
* Analysts expect BTC to gain an additional 40% by the end of the year.
* Select altcoins are showing a positive bias on improving crypto sentiment.Bitcoin (BTC) price rose more than 10% this week as buyers made a strong comeback, pushing the overhead resistance at $95,000. Though buyers are struggling to clear the overhead hurdle, a positive sign is that they have not given up much ground to the bears.
* The sharp up move is backed by strong buying in the U.S. spot Bitcoin exchange-traded funds, which saw inflows of $3.06 billion, according to Farside Investors data.
* Bloomberg ETF analyst Eric Balchunas said on X that it was really remarkable to see “HOW FAST the flows can go from 1st gear to 5th gear.”
* After Bitcoin’s recovery, 21st Capital co-founder Sina said on X that Bitcoin reclaimed the power-law price.
* Sina’s Bitcoin Quantile Model projects Bitcoin to reach between $130,000 and $163,000 by the end of 2025. Anonymous Bitcoin analyst apsk32 had an even bigger target of over $200,000 for Bitcoin in Q4 of this year.
Could Bitcoin maintain its momentum and rise above the overhead resistance? Let’s study the charts of the cryptocurrencies which look strong in the near term.Bitcoin price predictionBitcoin has been witnessing a tough battle between the bulls and bears near the crucial $95,000 level. The upsloping 20-day exponential moving average and the relative strength index (RSI) above the neutral level 50 suggest that bulls have the edge. A close above $95,000 could propel the BTC/USDT pair to $100,000 and eventually to $107,000. Sellers are expected to aggressively defend the zone between $107,000 and $109,588. The 20-day EMA is the critical near-term support to watch out for because a break below it brings the large $95,000 to $73,777 range into play. The 4-hour chart shows that the bears are fiercely defending the $95,000 level but are struggling to sink the pair below the 20-EMA. If the price rebounds off the 20-EMA, it enhances the prospects of a breakout above $95,000. The pair could then surge to $100,000. Instead, if the price maintains below the 20-EMA, the pair could tumble to the 50-simple moving average. This is an important level for the bulls to defend because a break below it could pull the pair to $86,000.Sui price predictionSui (SUI) has been facing resistance near $3.90, but the shallow pullback suggests that the bulls are in no hurry to dump their positions. If the price stays above the 38.2% Fibonacci retracement level of $3.14, the bulls will make another attempt to shove the SUI/USDT pair above $3.90. If they can pull it off, the pair may skyrocket to $4.25 and then to $5. Contrary to this assumption, if the price turns down and breaks below $3.14, it signals the start of a deeper correction toward the 50% retracement level of $2.94. Buyers are expected to fiercely defend the zone between $2.94 and the 20-day EMA. The 4-hour chart shows that the pair is finding support at the 20-EMA, but the sellers are active at higher levels. The bears will again attempt to sink the pair below the 20-EMA. If they succeed, the pair could slump to $3.14. Buyers will have to swiftly push the price above the $3.81 to $3.90 overhead resistance zone if they want to retain the advantage. If they do that, the pair could start the next leg of the up move to $4.25.Avalanche price predictionAvalanche (AVAX) has been range-bound between $23.50 and $15.27 for the past few days. In a range, traders usually buy near the support and sell close to the resistance. Although buyers have failed to push the price above $23.50, a positive sign is that they have not ceded much ground to the bears. That increases the likelihood of a breakthrough. If that happens, the AVAX/
