Bitcoin, XRP, Solana, BNB, and More: Crypto Price Forecasts for the Week Ahead

Bitcoin and Crypto Market’s Bullish Momentum Gains Strength

After a period of turbulence, Bitcoin (BTC) has managed to climb above the $112,500 threshold, indicating that dip buyers are returning to the market. This positive momentum has also stimulated inflows into Bitcoin ETFs, reinforcing the bullish trend across the crypto market. Analysts estimate that BTC could reach the zone between $135,000 and $145,000 by December, drawing inspiration from gold’s recent all-time high of over $3,500 per ounce.

However, September’s typically weak seasonality remains a risk for bulls in the short term. According to network economist Timothy Peterson, BTC drops 100% of the time between September 16 and 23, with a typical decline of 5%. Investors should therefore remain vigilant for potential profit-taking in the coming weeks.

Altcoins in Search of New Momentum

Beyond Bitcoin, several altcoins have successfully rebounded from their respective support levels, signaling positive sentiment across the market. Ethereum (ETH) is attempting to maintain its position above the 20-day exponential moving average, potentially paving the way for progress toward $4,500 and beyond.

XRP has bounced off support at $2.73, with buyers firmly defending this level. A breakout above the descending trendline could propel it toward $3.40, ending its consolidation phase.

Meanwhile, Binance Coin (BNB) buyers are trying to maintain the price above the 20-day exponential moving average. Breaking through the resistance at $869 would open the path to a return to $900 and beyond. Solana (SOL) has also rebounded from its 20-day moving average, confirming the bullish sentiment, with breaking the resistance at $218 as the next key step.

Monitoring Critical Resistance Levels

While momentum appears positive for many cryptocurrencies, monitoring major resistance levels in the coming weeks will be crucial. For Bitcoin, the 20-day exponential moving average at $112,438 and the POC at $112,600 constitute a critical resistance zone. Breaking through would pave the way for testing the 50-day simple moving average at $115,640.

Liquidity zones indicate resistance at $115,100 and $118,000.

For Ethereum, the zone between $4,664 and $4,956 represents a significant hurdle to overcome for a sustainable recovery. For XRP, the descending trendline is key to invalidating the short-term bearish scenario. Finally, Cardano (ADA) will need to break through the 20-day exponential moving average at $0.84 to hope for a rebound toward $1.02.

Price forecasts for major cryptocurrencies indicate that the market remains in a transition phase, with a fragile balance between buyers and sellers. Savvy investors should therefore remain attentive to key technical levels and trend reversal signals. Only thorough analysis, coupled with prudent risk management, will allow investors to capitalize on upcoming opportunities in this constantly evolving crypto ecosystem.

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