Bitcoin is showing strong momentum, currently trading above $108,000 with a weekly gain of over 6%. This upward movement has reignited market speculation about whether major altcoins like **Bitcoin Cash (BCH)**, **ChainLink (LINK)**, and **SEI** will follow in its bullish footsteps. As Bitcoin eyes a potential break above its weekly high of $109,000, traders are closely watching for signs of broader market participation.
If Bitcoin sustains its position above $108,000, it could pave the way for a wave of altcoin rallies. Analysts suggest that a confirmed breakout could trigger renewed investor interest in select cryptocurrencies that have shown technical strength. However, caution remains warranted—especially with lower weekend liquidity and the return of sellers early in the week.
👉 Discover how market momentum could unlock hidden altcoin opportunities
Bitcoin’s Critical Resistance and Market Implications
Bitcoin has been consolidating between key moving averages and a descending trendline, reflecting a tug-of-war between bulls and bears. The 20-day Exponential Moving Average (EMA) and the 50-day Simple Moving Average (SMA) are now turning upward, while the Relative Strength Index (RSI) sits in positive territory—signaling growing bullish momentum.
For the bulls to take full control, Bitcoin must break and close above the descending trendline. A successful breakout could propel prices toward $110,530 and then to $111,980. Should this momentum continue, a more aggressive target of $150,492 comes into play—an ambitious but not impossible scenario if institutional buying intensifies.
On the downside, failure to hold above the 20-EMA could signal weakening demand. A drop below the 50-SMA might accelerate selling pressure, potentially dragging Bitcoin down to $102,500 and eventually testing the critical **$100,000 support**—a level widely seen as a psychological and technical floor.
Market sentiment remains cautiously optimistic. As noted by prominent analyst Rekt Capital, a weekly close above the current high could confirm a new bullish phase. But until that happens, volatility should be expected.
Key Support and Resistance Levels:
- Support: $102,500 → $100,000
- Resistance: $110,530 → $111,980 → $150,492
HYPE: Riding the Momentum Wave
HYPE (Highly Yielding Protocol Economy) has shown resilience despite short-term dips. The price briefly fell below its 20-day EMA at $37.14 but quickly rebounded—a sign that dip buyers remain active. On Saturday, bulls pushed the price back above this key average.
Immediate resistance sits at $39.12**. A breakout here could open the path to **$42.50, with stronger resistance expected between $42.50 and $45.80. If buying pressure continues, HYPE may extend its gains further.
Conversely, if the price drops and sustains below the 20-day EMA, bearish sentiment could return. The next support lies at the 50-day SMA ($34.42). A breakdown below this level might push HYPE down to **$33.25, with a worst-case scenario targeting $30.69**.
The current setup suggests that as long as HYPE holds above key moving averages, the path of least resistance remains upward.
Bitcoin Cash (BCH): Testing $500 Resistance
Bitcoin Cash has been testing the $500 resistance level—a crucial hurdle for further gains. While sellers have defended this zone, bulls have refused to let go of recent advances. This tug-of-war indicates strong underlying demand.
Positive indicators include:
- Upward-sloping moving averages
- RSI in positive territory
These suggest that bulls are in control. A confirmed breakout above $500 could trigger a rally toward **$550, with potential extension to $625** if momentum builds.
On the flip side, support lies at:
- 20-day EMA: $464
- 50-day SMA: $430
A close below the 50-day SMA would signal bearish dominance and could lead to deeper corrections.
Short-term charts show bulls trying to maintain price above the 20-EMA on the 4-hour chart. Success here increases the odds of another run at $500—with possible follow-through toward **$511** if buying pressure strengthens.
👉 See how breakout patterns are shaping the next altcoin surge
ChainLink (LINK): Holding the Line
ChainLink has maintained its footing above the 20-day EMA ($13.27)** in recent days—an encouraging sign for bulls. As long as this level holds, LINK has a chance to climb toward the **50-day SMA ($14.43).
The 50-day SMA is a key battleground. Sellers are expected to defend it aggressively because a breakout above this level could signal a trend reversal. If bulls succeed, LINK may advance toward $18.
However, a sharp decline from current levels or from near $14.43 could indicate profit-taking or renewed selling pressure. A drop below **$12.73** might trap LINK in a descending channel for an extended period.
Currently, bulls are attempting to push price toward a resistance line near $13.50**, which sellers are actively defending. A break above this line could spark momentum toward **$15.50.
Key levels to watch:
- Support: $12.73 → $13.27 (20-EMA)
- Resistance: $13.50 → $14.43 → $18
SEI: Building Momentum After Breakout
SEI showed strong momentum earlier this week after breaking out of its 50-day SMA ($0.21)** on Monday and clearing resistance at **$0.29 on Tuesday. Although price dipped back below $0.29 on Wednesday, bulls quickly reclaimed it—a bullish rejection pattern.
The 20-day EMA is now turning upward, and RSI is in positive territory—both indicating that the path of least resistance is upward.
Potential targets:
- $0.35
- $0.43
A sustained move above **$0.30** could accelerate buying interest and push SEI toward $0.33 in the near term.
On the downside:
- A break below the 20-day EMA would invalidate the bullish outlook.
- Next support: $0.19**, then **$0.15
Sellers may try to force price below the 20-EMA to trigger stop-losses and weaken bullish sentiment. If they succeed, SEI could fall to $0.27, then test the 50-SMA again.
Buyers are expected to defend the 50-SMA strongly—any deeper pullback could delay recovery.
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Frequently Asked Questions (FAQ)
Q: Can BCH reach $625 if Bitcoin breaks $110,000?
A: Yes—historically, strong Bitcoin performance boosts investor confidence in major altcoins like BCH. If BTC sustains above $110K and market sentiment stays positive, BCH has technical potential to reach $625, provided volume supports the move.
Q: Is ChainLink likely to hit $18 soon?
A: It’s possible but not immediate. LINK needs to clear both $13.50 and the 50-day SMA at $14.43 first. A confirmed breakout with strong volume could set up a run toward $18 within weeks under favorable market conditions.
Q: What happens if SEI drops below $0.23?
A: A sustained close below the 20-day EMA (~$0.23) would signal weakening momentum. This could lead to a drop toward $0.19 or even $0.15 if broader market sentiment turns negative.
Q: Why is $109,000 important for Bitcoin?
A: It represents a recent weekly high—a psychological and technical milestone. Closing above it suggests strong accumulation and could attract new institutional buying, fueling wider crypto market gains.
Q: How do moving averages influence these predictions?
A: Moving averages act as dynamic support/resistance levels. When short-term averages rise above long-term ones (golden cross), it signals bullish momentum—commonly seen before major rallies.
Q: Should I invest based on this analysis?
A: This article does not constitute financial advice. All investments carry risk. Always conduct your own research and consider risk tolerance before making trading decisions.