Bitcoin is about to hit a new high, will alt season arrive?

Question

Written by: White55, Mars FinanceWill Bitcoin soon reach a new high, and is the altcoin season coming?With the ceasefire between Iran and Israel and the new highs in the US stock market, continued institutional buying has led to a record net inflow of Bitcoin last week, which may drive Bitcoin to start a new upward trend and set a new historical high. Bitcoin rose more than 6% last week, indicating strong buying around the $100,000 mark. Bulls are trying to consolidate their advantage by maintaining prices above $108,000.However, it is worth noting that weekend liquidity is usually lower, so one should be cautious about breakouts. Sellers will return on Monday and will strive to keep the price within the range of $100,000 to $111,980.The strength of Bitcoin has triggered buying interest in several altcoins, which have rebounded from their respective support levels. If Bitcoin reaches a new all-time high, some altcoins will attempt to break above resistance levels and continue their rebound momentum.Bitcoin Price PredictionBitcoin has been trading between the moving average line and the downtrend line. Buyers are trying to push the price above the downtrend line, but the bears are holding their ground.BTC/USDT daily chart. Source: TradingViewThe moving average is gradually rising, and the Relative Strength Index ( RSI ) is in the positive territory, indicating a slight advantage for the bulls. If the bulls push the price above the downward trend line, the BTC/USDT trading pair could surge to $110,530, and then further rise to $111,980.The seller is expected to pose a strong challenge in the area between the downward trend line and the head and shoulders pattern neckline. However, if the buyer forcefully breaks through, this currency pair could soar to $150,492.If the price pulls back from the downtrend line and falls below the moving average, this optimistic view will be negated in the short term. This will open the door for the price to drop to $102,500 and then further down to $100,000.BTC/USDT 4-hour chart. Source: TradingViewThe currency pair rebounded from the 20-day moving average, but the bulls failed to break above the downward trend line resistance. If the price continues to decline and falls below the 20-day moving average, it indicates that the bulls are losing control. The currency pair may subsequently drop to the 50-day simple moving average, which is a key level to watch. A drop below the 50-day moving average could accelerate selling, pushing the currency pair towards $100,000.On the positive side, the bulls must push the price and maintain it above the downtrend line to give a strong signal.HYPE price predictionHyperliquid (HYPE) fell below the 20-day moving average at (37.14 USD on Thursday, but the bears failed to hold the lows. This indicates that there is buying interest every time there is a slight decline.HYPE/USDT daily chart. Data source: TradingViewThe bulls pushed the price back above the 20-day moving average on Saturday. The resistance level is at $39.12, but if the bulls break through this level, the HYPE/USDT trading pair could soar to $42.50. Buyers are expected to face significant resistance in the range of $42.50 to $45.80.On the contrary, if the price falls and breaks below the 20-day moving average, it indicates that bears are active at higher levels. The currency pair may subsequently drop to the 50-day moving average (34.42 USD). If it breaks below and closes under the 50-day moving average, it may fall to 30.69 USD.HYPE/USDT 4-hour chart. Source: TradingViewThe currency pair is finding support at the 50 moving average )SMA(, with bulls attempting to push the price up to the recent resistance level of $39.12. If successful in breaking through, the currency pair could rise to $41 and then to $42.50.On the downside, the first support level is the 20-day moving average, followed by the 50-day moving average. A break below the moving averages indicates a weakening bullish momentum. The currency pair may drop to $33.25, followed by a solid support level at $30.69.BCH price predictionBitcoin Cash is facing selling pressure at the $500 level, but a positive signal is that the bulls are not making too many concessions to the bears.BCH/USDT daily chart. Source: TradingViewThe upward-sloping moving average and the RSI indicator in the positive zone indicate that the bulls are in control. This increases the likelihood of a breakout above $500. If a breakout occurs, the BCH/USDT pair could soar to $550. Bears will try to halt the rally near $550, but if the bulls prevail, the pair could reach $625.On the downside, the first support level is at the 20-day moving average ($464), followed by the 50-day moving average ($430). A drop below the 50-day moving average would mean the bears have returned to the market.BCH/USDT 4-hour chart. Data source: TradingViewBulls are trying to keep the price above the 20-day moving average on the 4-hour chart. If successful, the currency pair may break the resistance level of 500 dollars again. The upward momentum may further strengthen above 511 dollars.Conversely, if the price breaks below and stays below the 20-day moving average, it indicates that the bulls are taking profits. This may lead the currency pair to fall to the 50-day moving average, where bulls may enter.Chainlink Price PredictionChainlink has consistently held the 20-day EMA ($13.27) over the past few days, indicating that the bulls are maintaining pressure.LINK/USDT daily chart. Data source: TradingViewIf the price breaks above and maintains above the 20-day moving average, the LINK/USDT pair could rise to the 50-day moving average (14.43 USD). Bears are expected to fiercely defend the 50-day moving average, as a break above this average suggests a potential change in trend. Subsequently, the pair may climb to 18 USD.On the contrary, if the price drops significantly from the current level or the 50-day moving average, it indicates that bears are selling on rallies. A drop below $12.73 may cause the currency pair to remain in a downtrend channel for some time.LINK/USDT 4-hour chart. Source: TradingViewThe bulls are trying to push the price to the resistance line, but the bears are actively defending the level of $13.50. If the price falls and breaks below the 20-day moving average, it indicates a lack of demand at higher levels. The currency pair may subsequently drop to the 50-day moving average.On the contrary, the significant rebound of the 20-day moving average indicates that market sentiment is optimistic. The currency pair may rise to the resistance line, which is a key level to watch. If the price breaks through the resistance line, the currency pair may advance towards $15.50.Sei Price PredictionOn Monday, Sei broke through the 50-day moving average of 0.21 USD after ), gaining momentum and breaking through the resistance level of 0.29 USD on Tuesday.SEI/USDT daily chart. Source: TradingViewHowever, buyers failed to maintain the high level, and the price fell below $0.29 on Wednesday. A bullish sign is that they pushed the price back above $0.29. The 20-day moving average ( $0.23 ) has started to rise, and the RSI is in the positive territory, indicating that the path of least resistance is upward. The SEI/USDT trading pair could rise to $0.35 and then possibly to $0.43.If the price falls and breaks below the 20-day moving average, this optimistic view will become invalid in the short term. This could pull the currency pair down to $0.19, and then further down to $0.15.SEI/USDT 4-hour chart. Data source: TradingViewBoth moving averages are trending upwards, and the RSI is in the positive territory, indicating favorable conditions for buyers. If the price remains above $0.30, the currency pair may rise to $0.33.Sellers may have other plans. They will try to pull the price down below the 20-day moving average. If they succeed in doing so, the currency pair may drop to $0.27 and then fall to the 50-day moving average. Buyers are expected to firmly defend the 50-day moving average, as further pullbacks may delay the recovery of the upward trend.