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

Bitcoin is nearing a record high, driven by institutional buying and a 6% weekly rise, with potential to surpass $110,000 if key resistance levels are broken.
Altcoins like HYPE, BCH, and LINK are showing activity, with some poised for gains if Bitcoin's rally continues.
Market liquidity and short-selling pressure remain concerns, with weekend breakouts requiring caution due to lower trading volumes.

Bitcoin Analysis

Bulls aim to push BTC above the downtrend line, targeting $110,530–$111,980; a breakout could surge to $150,492.
Failure to hold above moving averages may lead to a drop toward $100,000.

Altcoin Highlights

HYPE: Testing resistance at $39.12; breakout could push it to $42.50, while a drop below $34.42 may signal bearish momentum.
BCH: Facing resistance at $500, but bullish indicators suggest a potential rise to $550–$625 if key levels are breached.
LINK: Stuck near $13.27; a breakout above $14.43 could target $18, but failure may keep it in a descending channel.
SEI: Rebounded above $0.29, with upside targets at $0.35–$0.43 if momentum holds; a drop below $0.23 risks a decline to $0.19.

Short-term trends remain uncertain, with altcoin performance heavily tied to Bitcoin's movement.

Author: White55, Mars Finance

With the ceasefire between Iran and Israel and new highs in the US stock market, continued institutional buying led to a new high in Bitcoin net inflows last week, which may push Bitcoin to start a new upward trend and set a new record high. Bitcoin rose more than 6% last week, indicating strong buying around $100,000. Bulls are trying to consolidate their advantage by maintaining prices above $108,000.

However, it is worth noting that liquidity is usually lower on weekends and breakouts should be viewed with caution. Sellers will return on Monday and strive to keep prices within the $100,000-$111,980 range.

Bitcoin’s strength has triggered buying of several altcoins, which have rebounded from their respective support levels. If Bitcoin sets a new all-time high, some of the altcoins will try to break through the overhead resistance and extend their rebound momentum.

Bitcoin Price Prediction

Bitcoin has been trading between the moving averages 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: TradingView

The moving averages are gradually sloping up and the relative strength index (RSI) is in the positive territory, which suggests that bulls have a slight advantage. If bulls propel the price above the downtrend line, the BTC/USDT pair can jump to $110,530 and above it to $111,980.

Sellers are expected to pose a strong challenge in the area between the downtrend line and the neckline of the inverted head and shoulders pattern. However, if the buyers break through forcefully, the pair could surge to $150,492.

This bullish view will be negated in the short term if the price turns down from the downtrend line and breaks below the moving averages. This will open the doors for a drop to $102,500 and above it to $100,000.

 BTC/USDT 4-hour chart. Source: TradingView

The pair rebounded from the 20-day exponential moving average but the bulls have not been able to break out of the overhead resistance of the downtrend line. If the price continues to decline and breaks below the 20-day simple moving average, it will suggest that the bulls are losing control. The pair could then drop to the 50-day simple moving average, which is a critical level to be wary of. A break below the 50-day simple moving average could accelerate the selling and push the pair towards $100,000.

On the upside, the bulls have to push the price and sustain above the downtrend line to signal strength.

HYPE Price Prediction

Hyperliquid (HYPE) declined below the 20-day EMA ($37.14) on Thursday but the bears could not hold the lows. This shows buying on every minor dip.

 HYPE/USDT daily chart. Source: TradingView

The bulls pushed the price back above the 20-day EMA on Saturday. There is resistance at $39.12 but if the bulls break above it, the HYPE/USDT pair could surge to $42.50. Buyers are expected to face heavy resistance in the $42.50 to $45.80 range.

Conversely, if the price turns down and breaks below the 20-day EMA, it will suggest that bears are active at higher levels. The pair can then drop to the 50-day SMA ($34.42). If it breaks down and closes below the 50-day SMA, a drop to $30.69 is possible.

 HYPE/USDT 4-hour chart. Source: TradingView

The pair is supported at the 50 SMA and the bulls are attempting to push the price above the immediate resistance at $39.12. A successful breakout could carry the pair to $41 and then to $42.50.

On the downside, the first support is the 20-day EMA and then the 50-day EMA. A break below the moving averages will indicate a weakening of bullish momentum. The pair could drop to $33.25 and then to the solid support of $30.69.

BCH Price Prediction

Bitcoin Cash is facing a sell-off at the $500 level, but a positive sign is that the bulls are not giving much ground to the bears.

 BCH/USDT daily chart. Source: TradingView

The upsloping moving averages and the RSI indicator in the positive territory suggest that bulls are in command. This increases the possibility of a breakout above $500. If broken, the BCH/USDT pair could surge to $550. The bears will try to stall near $550 but if the bulls have the upper hand, the pair could touch $625.

On the downside, the first support is at the 20-day EMA ($464), followed by the 50-day EMA ($430). A break below the 50-day EMA would suggest that bears are back in the market.

 BCH/USDT 4-hour chart. Source: TradingView

The bulls are attempting to sustain the price above the 20-day EMA on the 4-hour chart. If successful, the pair could break the $500 resistance again. The upside momentum is likely to pick up further above $511.

Conversely, if the price breaks down and sustains below the 20-day EMA, it will suggest that the bulls are booking profits. This could lead the pair to drop to the 50-day SMA, where the bulls might enter the market.

Chainlink Price Prediction

Chainlink has been sticking to the 20-day EMA ($13.27) for the past few days, which shows that the bulls are maintaining the pressure.

 LINK/USDT daily chart. Source: TradingView

If the price breaks out and sustains above the 20-day EMA, the LINK/USDT pair could move up to the 50-day SMA ($14.43). The bears are expected to defend the 50-day SMA with all their might as a breakout of it would signal a possible change in trend. Subsequently, the pair could climb to $18.

Conversely, if the price turns down sharply from the current levels or from the 50-day SMA, it will suggest that the bears are selling on rallies. A break below $12.73 could keep the pair inside the descending channel for a while.

 LINK/USDT 4-hour chart. Source: TradingView

The bulls are trying to push the price to the resistance line, but the bears are aggressively defending the $13.50 level. If the price turns down and breaks below the 20-day EMA, it will suggest a lack of demand at higher levels. The pair could then drop to the 50-day SMA.

On the contrary, the sharp rebound from the 20-day EMA shows positive sentiment. The pair is likely to rise to the resistance line, which is a key level to watch. If the price breaks above the resistance line, the pair is likely to move towards $15.50.

Sei Price Prediction

After Sei broke above the 50-day moving average ($0.21) on Monday, momentum picked up and it broke through the $0.29 resistance on Tuesday.

 SEI/USDT daily chart. Source: TradingView

However, buyers failed to sustain highs and the price declined below $0.29 on Wednesday. A positive sign for the bulls is that they push the price back above $0.29. The 20-day EMA ($0.23) has started to turn up and the RSI is in positive territory, suggesting that the path of least resistance is to the upside. The SEI/USDT pair could rise to $0.35 and later to $0.43.

This bullish view will be invalidated in the short term if the price turns down and breaks below the 20-day EMA. This could drag the pair down to $0.19 and below it to $0.15.

 SEI/USDT 4-hour chart. Source: TradingView

Both moving averages are trending up and the RSI is in the positive territory, which shows favor from buyers. If the price sustains above $0.30, the pair could move up to $0.33.

The sellers may have other plans. They will try to pull the price below the 20-day EMA. If they succeed in doing so, the pair may drop to $0.27 and subsequently to the 50-day SMA. Buyers are expected to strongly defend the 50-day SMA as further pullbacks may delay the resumption of the upward move.