
Bitcoin (Bitcoin) The market value is close to the USD 1 trillion mark, and some altcoins have been rebounding strongly in the past few days. This causes the Crypto Fear and Greed Index to enter the zone of extreme greed, which fluctuates between 79 and 100. Usually, the top will be formed when the index reaches around 95, which indicates that there is more room for operation.
PlanB, the creator of the Bitcoin stock-to-flow model, believes that BTC’s goal is to reach $100,000 by Christmas this year. Ultimately, he believes that the BTC price will be much higher than $100,000 before the end of the current halving cycle in 2024.
Tuesday marked an important milestone for Bitcoin, as El Salvador has become the world’s first sovereign country to introduce BTC as a legal tender. Although the experiment will have problems, it is likely to be closely monitored by other countries.
Can Bitcoin and altcoins gain momentum and resume their rise, or will the bears once again pull prices below key support levels? Let’s study the charts of the top 10 cryptocurrencies to find out.
Table of Contents
Bitcoin/USD
Bitcoin’s fluctuation between US$46,200 and US$50,500 was resolved on the upward movement on September 5. The bulls pushed the price higher and closed above the resistance zone above $50,500 to $51,000, indicating the resumption of the uptrend.

The bears will try to bring the price back below $50,500 and trap the aggressive bulls. If they do, the BTC/USDT pair may fall to the 20-day exponential moving average ($48,476).
This is an important level to be aware of, as prices have rebounded repeatedly in the past few days. If the price rebounds from the 20-day moving average again, it indicates that the market sentiment is still optimistic. The bulls will try again to resume the uptrend.
The first target level on the upside is $55,000, and then $60,000. If the bears lower the price below the 20-day moving average, this positive view will be invalidated. Such a move may attract profit bookings from short-term traders, thereby pulling the price down to the 50-day simple moving average ($43,719).
Ethereum/USDT
Ether (Ethereum) Broke through $4,000 on September 3, but the bulls were unable to maintain a higher level. This shows that the bears are actively defending this level. However, a positive sign is that buyers have not given up too much.

This shows that the bulls are not in a hurry to book profits because they expect the rise to continue. Although the upward sloping moving average signals an advantage to buyers, the negative divergence of the RSI indicates that the bullish momentum may be weakening.
If the bears pull the price below 3,700 USD, the ETH/USDT pair may fall to the 20-day moving average (3,493 USD). A strong rebound from this support level will indicate that the bulls continue to accumulate on dips. The buyer will then try to push the price to an all-time high of $4,372.72. Or, a break below 3,377.89 USD may indicate a possible change in trend.
ADA/USDT
The bears thwarted several attempts by the bulls to push Cardano (Have) Above the upper resistance zone of US$2.97 to US$3.10. The negative divergence of RSI also indicates that the bullish momentum is slowing down.

The ADA/USDT currency pair may fall to the 20-day moving average ($2.65), which may become a strong support. If the price rebounds from this level, the bulls will try again to push the currency pair to the upper zone. If they succeed, the currency pair may begin to move towards $3.50.
On the other hand, if the price falls below the 20-day moving average, the currency pair may fall to $2.47. A rebound from this level may keep the currency pair within a few days of fluctuations in the range between US$2.47 and US$3.10. A break below $2.47 will indicate a possible change in the trend.
BNB/USDT
The bulls are working hard to promote Binance Coin (Bitcoin) Is higher than the upper resistance at $518.90, but a positive sign is that they will not allow the price to fall below the 20-day moving average ($467). This indicates accumulation at a lower level.

If the price rebounds from the 20-day EMA again, buyers will try to push the BNB/USDT pair above US$518.90. If they manage to do this, the currency pair may resume its upward trend and rebound to the next target of $600.
Conversely, a break below the 20-day moving average may cause the price to fall to $433. If the bulls defend this level, the currency pair may remain within a range of between $433 and $518.90 within a few days. A breakout and closing below $433 may indicate that the bulls are losing control.
Ripple/USDT
Bear trying to pull Ripple Back to the triangle on September 4, but the bulls bought on dips. Buyers pushed the price to the upper resistance level of $1.35 today, indicating that the upward trend has resumed.

If the bulls maintain the price above $1.35, the XRP/USDT pair may rebound to $1.66. The upward sloping moving average and the RSI near the overbought zone indicate that the path of least resistance is to the upside.
Conversely, if the bulls fail to maintain the price above $1.35, the bears may pull the price back to the 20-day moving average ($1.19). This will increase the possibility that the currency pair will consolidate between US$1.05 and US$1.35 for a few more days. A break and close below $1.05 will indicate that the bears are back in the game.
Sol/USDT
Solana (SOL) is in a strong upward trend. Although the bears tried to stop the upward trend at the psychological level of $150 on September 4, they were unable to pull the price below $135.73. The shallow correction shows that traders are not in a hurry to book profits.

Aggressive buying by the bulls has pushed today’s price above $150.60, indicating that the rise has resumed. The SOL/USDT currency pair can now rebound to the next target of $179.45.
Despite the strong momentum of the currency pair, vertical rebounds are rarely sustainable. When the uptrend stagnates, traders are eager to exit, usually followed by a sharp correction. The bears will have to pull the price below $134.74 to indicate that a deeper correction to the 20-day moving average ($105) may begin.
Dogecoin/USDT
Although Dogecoin (dog) Having maintained above the falling wedge for the past three days, the bulls are working hard to push the price towards the target target of $0.35. This shows that the bears continue to sell on rallies.

The DOGE/USDT currency pair may fall to the 20-day moving average (0.29 USD). If the price rebounds from this support level, the bulls will try again to push the price above $0.35. If this happens, the currency pair may rebound to 0.45 USD.
Conversely, if the bears break the price below the 20-day moving average, the currency pair may fall to the 50-day moving average ($0.25). The slightly rising 20-day EMA and the RSI just above the midpoint indicate that the bulls have a slight advantage.
If the 50-day SMA breaks, this advantage will benefit the bears. This may open the door for a drop to $0.21.
DOT / USDT
polka dot(point) It has been rising gradually since it broke through 28.60 U.S. dollars, but the slow rate of increase indicates that the bulls lack confidence. RSI has also formed a negative divergence, indicating that the bullish momentum may be weakening.

The DOT/USDT pair may fall to the breakout level of 28.60 USD. If the price rebounds strongly from this level, it indicates that the bulls are accumulating at a lower level. Then, the buyer will try to resume the upward trend and move towards the first goal of $41.40.
Another possibility is that the price rebounded from US$28.60, but it is still below US$35. This may cause several days of range fluctuations between these two levels. A breakout and close below $28.60 will indicate that the current breakout is a bull trap. This may pull the price down to the 50-day moving average ($22).
UNI / USDT
Uniswap (United Nations University) Retreated from the upper resistance level of 31.41 USD on September 3, but the positive sign is that the bulls will not allow the price to fall below the 20-day moving average (28 USD).

The 20-day moving average gradually slopes upward, indicating that the bulls have a slight advantage. However, the negative divergence of the RSI indicates that the bullish momentum may be slowing. Today’s doji candlestick pattern shows the hesitation between bulls and bears.
If the price falls below the 20-day moving average, the UNI/USDT currency pair may fall to $25. If the support stays the same, the currency pair may stay between $25 and $31.41 for a few more days.
On the other hand, if the price rebounds from the current level and rises above US$31.41, the currency pair may rebound to US$37.52 and then rise to US$42.25.
Link/USDT
The bears tried to pull Chainlink (Associate) Is below the $30 breakout level on September 4, but the bulls have other plans. They actively bought on dips and pushed the price to today’s upper resistance level of $35.33.

If the bulls maintain the price above 35.33 US dollars, the LINK/USDT currency pair may resume its upward trend and rebound to 36 US dollars, and then rise to 43.50 US dollars. The upward sloping moving average and the RSI in the overbought zone indicate that the bulls are in control.
Contrary to this assumption, if the price fails to maintain above 35.33 USD, the short position may pull the price down to 30 USD. If this level remains the same, the currency pair may remain range-bound for a few days. A breakout and closing below the 20-day moving average ($28) would indicate that the bulls are losing control.
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Market data by Bitcoin exchange.