Crypto Assets Market Analysis: Bitcoin is Expected to Create a Historical New High

Recently, the easing of geopolitical tensions and the strengthening of US stocks have driven Bitcoin's net inflow to a new high last week, potentially triggering a new round of increases. Last week, Bitcoin rose more than 6%, with strong buying around $100,000. Bulls are working hard to maintain the price above $108,000 to solidify their advantageous position.

However, trading volume is usually low on weekends, so caution should be exercised regarding breakout trends. It is expected that sellers will return to the market on Monday, attempting to keep prices within the range of 100,000 to 111,980 USD.

The strength of Bitcoin has driven a rebound in some altcoins. If Bitcoin breaks through its historical high, some altcoins may attempt to break through resistance levels and continue their upward momentum.

Bitcoin Technical Analysis

Bitcoin is currently oscillating between the moving average and the descending trend line. Buyers are trying to push the price above the descending trend line but are facing resistance from sellers.

The moving average is on an upward trend, and the Relative Strength Index (RSI) is in the positive range, indicating that the bulls have a slight advantage. If the price breaks through the descending trend line, BTC/USDT may rise to $110,530, and then challenge $111,980.

It is expected that there will be strong resistance between the descending trendline and the head and shoulders neckline. However, if the buyers successfully break through, the price is expected to soar to $150,492.

If the price falls back from the descending trend line and breaks below the moving average, short-term optimistic expectations will be shattered. This may lead the price to drop to $102,500, or even $100,000.

The 4-hour chart shows that the price has rebounded from the 20-day exponential moving average but has failed to break through the descending trend line resistance. If the price continues to decline and falls below the 20-day moving average, it may indicate that the bulls are losing control. Subsequently, it could drop to the 50-day simple moving average, which is a key support level. If it falls below the 50-day moving average, it may exacerbate selling pressure, pushing the price down to $100,000.

From an optimistic perspective, bulls need to push and maintain the price above the downward trend line to release a strong signal.

Other Crypto Assets Analysis

HYPE

Hyperliquid (HYPE) broke below the 20-day moving average last Thursday at 137.14 USD, but the bears failed to hold the lower level, indicating that every slight pullback attracted buying. On Saturday, the price returned above the 20-day moving average.

If it breaks the resistance level of $39.12, HYPE/USDT may rise to $42.50. The range of $42.50-$45.80 is expected to face significant resistance.

On the contrary, if the price falls below the 20-day moving average, it may test the 50-day moving average ( at 134.42 USD ). If it falls below and closes beneath the 50-day moving average, it may further decline to 30.69 USD.

The 4-hour chart shows that bulls are trying to push the price to the resistance level of $39.12. If successful, it is expected to rise to $41, and then challenge $42.50.

The support below is first the 20-day moving average, followed by the 50-day moving average. Breaking below the moving averages may indicate a weakening of the upward momentum, possibly dropping to a support level of $33.25, or even $30.69.

( BCH

Bitcoin Cash faces resistance at $500, but the positive sign is that the bulls have not significantly pulled back.

The rising moving average and the RSI indicator in the positive range show that the bulls are dominant. This increases the likelihood of a breakout above $500. If the breakout is successful, BCH/USDT could rise to $550. Bears may resist around $550, but if the bulls prevail, the price is expected to reach $625.

The support below is first the 20-day moving average at )464 USD ###, and then the 50-day moving average at (430 USD ). A break below the 50-day moving average may indicate that the bears are regaining control.

The 4-hour chart shows that the bulls are trying to keep the price above the 20-day moving average. If successful, it may challenge the resistance level of $500 again. A breakout above $511 would further enhance the upward momentum.

On the contrary, if the price breaks and maintains below the 20-day moving average, it indicates that bulls are taking profits. This could lead to a price drop to the 50-day moving average, where bulls may enter the market.

( Chainlink

Chainlink has recently maintained the 20-day moving average of )13.27 USD ###, indicating that the bulls are keeping the pressure.

If the price breaks through and stabilizes above the 20-day moving average, LINK/USDT may rise to the 50-day moving average (14.43 USD ). It is expected that bears will strongly defend near the 50-day moving average, as breaking through this moving average may indicate a trend change. Subsequently, the price is expected to rally towards $18.

On the contrary, if there is a significant drop from the current level or the 50-day moving average, it may indicate that bears are selling on the rise. A drop below $12.73 could result in the price consolidating within a descending channel for a period of time.

The 4-hour chart shows that the bulls are trying to push the price to the resistance line, but are facing selling pressure around $13.50. If the price breaks below the 20-day moving average, it may indicate insufficient high-level demand and could fall to the 50-day moving average.

Conversely, if there is a strong rebound from the 20-day moving average, it may indicate optimistic market sentiment. The price could rise to the resistance line, which is a key position. Once the resistance line is broken, there is hope for a push towards $15.50.

( Sei

Sei broke through the 50-day moving average of 0.21 USD on Monday, ), enhancing momentum, and on Tuesday it broke the resistance level of 0.29 USD.

However, buyers failed to hold the high position, and on Wednesday the price fell below $0.29. The good news is that the bulls then 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 range, indicating that there is little upward resistance. SEI/USDT may rise to $0.35, then challenge $0.43.

If the price breaks below the 20-day moving average, short-term optimistic expectations will be shattered. This could lead to a price drop to $0.19, or even $0.15.

![Bitcoin is about to hit a new high, will the altcoin season arrive?])https://img-cdn.gateio.im/webp-social/moments-02d345f32eeddd9d8ad2f62b4689320e.webp(

The 4-hour chart shows that both moving averages are on an upward trend, and the RSI is in the positive range, indicating that buyers are in control. If the price stabilizes above $0.30, it is expected to rise to $0.33.

The seller may attempt to pull the price below the 20-day moving average. If successful, the price could drop to $0.27, followed by a test of the 50-day moving average. Buyers are expected to staunchly defend the 50-day moving average, as further pullbacks could delay the recovery of the upward trend.