By Amy Liu
Despite Bitcoin's price fluctuating within a range, several altcoins have initiated a rebound that could propel them above key resistance levels, according to Cointelegraph.
Christine Lagarde, President of the European Central Bank (ECB), highlighted the COVID-19 pandemic as a catalyst for accelerating digital payment adoption across the EU. She anticipates sustained consumer preference for digital services even post-pandemic.
While central bank digital currencies (CBDCs) may temporarily spark consumer interest, such enthusiasm is unlikely to endure due to diminished confidence in fiat currencies following global stimulus measures. This shift has driven investors toward alternative assets like stocks, gold, and cryptocurrencies.
Bloomberg’s crypto newsletter revealed that the monthly correlation between gold and Bitcoin (BTC) has reached a 10-year high, signaling that some investors now view BTC as a safe-haven asset akin to gold.
Bitcoin (BTC)
Bullish traders are currently pushing BTC toward the upper boundary of the $9,835–$10,625 range. However, range-bound price movements are typically random, making breakout direction difficult to predict.
Key indicators:
- The 20-day EMA ($10,798) is trending downward.
- The RSI remains in negative territory, favoring sellers.
Potential Scenarios:
- Bearish: If BTC drops below $9,835, it could decline to $9,000, then $8,000.
- Bullish: A break above $10,625 may trigger a rally toward $11,000, then $12,460.
👉 Bitcoin price predictions and expert insights
Ethereum (ETH)
ETH breached the $366 resistance on September 10 but faced rejection at the 20-day EMA ($379).
Key Levels:
- Upside Target: $419 (61.8% Fibonacci retracement).
- Downside Risk: A drop below $350 could lead to a test of $308, with further declines below $288.
XRP
Despite a brief rebound attempt on September 10, XRP failed to hold above $0.245, indicating weak demand.
Critical Supports:
- $0.2356 (immediate support).
- $0.2295 (breakdown trigger).
RSI and EMA: Both suggest bearish dominance.
Chainlink (LINK)
LINK surpassed $12.89 but struggled below the 20-day EMA ($13.35).
Breakout Watch:
- A close above $13.35 could propel LINK to $17.77.
- A fall below the trendline may expose $8.90.
Bitcoin Cash (BCH)
BCH has hovered between $215–$231, reflecting indecision.
Potential Moves:
- Bearish: A drop below $215 may retest $200.
- Bullish: A break above $231 could ignite a rally to $245+.
👉 Altcoin trading strategies for 2025
Polkadot (DOT)
DOT faces resistance at $4.9210.
Support Zone: $4.00–$3.50 (critical).
Breakout Target: $5.59 (61.8% Fibonacci).
Binance Coin (BNB)
BNB rejected at $25.8262, signaling weakening momentum.
Key Levels:
- Support: $18 (if EMA breaks).
- Resistance: $27.19 (next target).
Litecoin (LTC)
LTC struggles below $51 resistance.
Breakout Scenario:
- Above $51 → $56, then $64.
- Below $45 → $39 support test.
Crypto.com Coin (CRO)
CRO tested the 20-day EMA ($0.26) after breaking $0.1543.
Upside Potential: $0.183–$0.191 resistance zone.
Bitcoin SV (BSV)
BSV faces selling pressure near the 20-day EMA ($179).
Critical Supports:
- $160 → $146–$135 zone.
- Breakdown risk: $100.
FAQ Section
1. Why is Bitcoin’s correlation with gold significant?
It reflects BTC’s emerging role as a hedge against inflation and economic uncertainty.
2. What drives altcoin rallies during BTC stagnation?
Investor rotation into undervalued assets and speculative trading.
3. How do EMAs influence crypto trends?
They act as dynamic support/resistance levels, indicating trend strength.
4. When is the best time to trade LINK?
During high-volume breakouts above key EMAs ($13.35).
5. Is BCH a good investment in 2025?
Only if it holds $215 support; otherwise, high risk.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice.
**Notes:**
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