Key points:
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Bitcoin searches for support near $103,000, but rising uncertainty in global markets could cap future rallies.
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Select altcoins are finding buyers at lower levels, indicating traders’ desire to buy the dip.
Bitcoin (BTC) corrected below $103,000 on news of Israel’s airstrikes on Iran, but a positive sign is that lower levels witnessed buying, pushing the price near $106,000.
Trading resource Material Indicators said in a post on X that Bitcoin’s bottom is unlikely to drop out, but sustainable upside price discovery may not happen before the next Fed meeting.
Another positive view came from a study by ETC Group head of research Andre Dragosch. It showed that Bitcoin recovers and often surpasses the pre-event price levels within 50 days.
However, Bollinger Bands creator John Bollinger has a different view. In a post on X, Bollinger said that Bitcoin has completed three pushes to a high after forming the “W-shaped” double bottom near $75,000. During a discussion on the post, Bollinger added that three pushes to a high “means the end of the prior trend,” which could be followed by a “reversal or a consolidation.”
Could Bitcoin and select altcoins resume their uptrends? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Bitcoin fell to the 50-day simple moving average ($103,159) on Friday where the bulls are trying to arrest the decline.

The 20-day exponential moving average ($106,097) is flattening out, and the relative strength index (RSI) is near the midpoint, signaling a possible consolidation in the near term. The crucial levels to watch out for are $100,000 on the downside and the all-time high of $111,980 on the upside.
If the $100,000 level gives way, the BTC/USDT pair could tumble to $92,000. Conversely, a break and close above $111,980 signals the resumption of the uptrend. The pair could then soar to $130,000.
Ether price prediction
Ether (ETH) turned down from $2,879 on Wednesday and nosedived below the 20-day EMA ($2,580) on Friday, suggesting the markets rejected the breakout above $2,738.

The 20-day EMA is flattening out, and the RSI has dropped to the midpoint, indicating a balance between supply and demand. If the price turns up from the current level or $2,323, the bears will attempt to halt the relief rally in the…
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