Bitcoin 
BTCUSD is struggling to hold above the psychological $60,000 mark, suggesting that bears are active at higher levels. However, analysts do not seem to be worried. Charles Edwards, founder of Capriole Investments, said in a post on X that Bitcoin looks “promising” but its trend is three months behind that of gold; hence, it will need some time before it resumes its uptrend.
According to Nathan Thompson, Bybit’s lead tech writer, Bitcoin is only in the second phase of its bull cycle. If Bitcoin follows the trough-to-peak ratios of its previous cycles, its uptrend could continue until the third quarter of 2025, according to a report from Bybit and BlockScholes shared with Cointelegraph.
Apart from the Bitcoin rally, many traders are eagerly awaiting the start of the altseason. BitMEX co-founder Arthur Hayes said in a research note that Bitcoin would need to rise above $70,000 and Ether (ETH) above $4,000 for the altseason to begin.
Could Bitcoin overcome its resistance and pull altcoins higher? To find out, we analyze the charts of the 10 most important cryptocurrencies.
Bitcoin Price Analysis
Bitcoin bulls attempted to push the price above the moving averages on August 14, but bears held their position.
The bears will try to strengthen their position and 
BTCUSDT Pair is headed towards the critical support at $55,724. This level is likely to attract solid buying by the bulls. If the price bounces off $55,724, the bulls will again try to push the pair above the moving averages. If they succeed, the pair could start a rally to $70,000. The bears are expected to fiercely defend the $70,000-$73,777 zone.
On the downside, a break and close below $55,724 could signal the start of a deeper correction. The pair could then crash to $49,000.
Ether Price Analysis
Ether (ETH) continued to rise but failed to retest the $2,850 level, suggesting buying reluctance at higher levels.
The 
ETHUSDT The pair is likely to face a tough battle at $2,850. If the price turns down sharply from $2,850, it will be a sign that the bears are trying to flip the level into resistance. The pair could drop to $2,500 and subsequently to $2,300.
Conversely, if buyers push the price above $2,850, it will indicate that the markets have rejected the lower levels. The pair could then attempt to rise to the 50-day average ($3,118), which is likely to attract sellers.
BNB Price Analysis
BNB (BNB) rose from $499 on August 12, suggesting that bulls are attempting to form a higher low.
The bulls will gain strength if they push the price above the 20-day exponential moving average ($528). 
BNUSDT The pair could then reach the downtrend line, which is likely to act as a strong resistance. If the price retraces from the downtrend line, the bears will again try to sink the pair below $495. If they succeed, the next stop is likely to be $460.
Conversely, a break and close above the downtrend line will suggest that the selling pressure is easing and the pair could rally to $605 and thereafter attempt a rally to $635.
Solana Price Analysis
Solana (SOL) has been stuck in the large range between $116 and $210 for several months, indicating that the price is being bought on dips and sold on rises.
The bulls are attempting to form a higher low at $141, but they are struggling to push the price above the 20-day EMA ($153). If the price turns down from the 20-day EMA and breaks below $141, selling could increase, and the 
SOLUSDT The pair could drop to $130.
If the price instead rises and breaks above the 20-day EMA, it will suggest that the bulls are attempting a comeback. There is a minor resistance at $164, but if this level is exceeded, the rally could reach $189.
XRP Price Analysis
Bulls are attempting to keep XRP (XRP) above the 20-day EMA ($0.57), which will indicate buying on dips.
The flat 20-day EMA and the RSI near the midpoint do not give a clear advantage to either the bulls or the bears. If the price stays above the 20-day EMA, 
XRPUSDT The pair could retest the $0.64 resistance. A break and close above this resistance would open the doors for a recovery to $0.74.
The 50-day SMA ($0.54) is the crucial support to watch on the downside, if it breaks, the pair could drop to $0.46.
Dogecoin Price Analysis
Dogecoin (DOGE) has been trading below the 20-day EMA ($0.11) for the past few days, but the bears could not push the price below $0.09, indicating demand at lower levels.
The bulls will try to strengthen their position by pushing the price above the 20-day EMA. If they succeed, 
DOGEUSDT The pair is likely to rise to the downtrend line. This is an important level for the bears to defend as a break above it would indicate that the downtrend might be over.
Conversely, if the price turns down from the current level or the downtrend line, it is a sign that the pair may remain inside the falling wedge pattern for some time.
Toncoin Price Analysis
Toncoin (TON) rose from $6.05 on August 12, indicating that sentiment has turned positive and bulls are buying on minor dips.
The momentum picked up after buyers pushed the price back above the 20-day EMA ($6.44) on August 13. A close above the 50-day SMA ($6.94) would clear the way for a recovery to $7.65 and then to $8.29. At $8.29, sellers are likely to pose a strong challenge.
If the 
TONUSDT If the pair turns down from the current level or the overhead resistance, it will be a sign that the range-bound move could continue for a few more days. A break below the $6 support will benefit the bears.
Cardano Price Analysis
Cardano (ADA) is attempting a pullback, but the failure of the bulls to push the price above the 20-day EMA ($0.36) shows a lack of demand at higher levels.
If the price turns down from the current level and falls below $0.31, it will indicate that the bears have asserted their dominance. 
ADAUSDT The pair could then drop to the crucial support at $0.24.
On the other hand, if buyers push the price above the moving averages, it will indicate the start of a robust recovery to the downtrend line. Buyers must overcome this barrier to indicate the start of a new uptrend.
Avalanche Price Analysis
Bulls are struggling to push and sustain Avalanche (AVAX) above the breakdown level of $21.80, indicating selling on price rallies.
If the price turns down from the current level or the 20-day EMA ($23.01) and breaks below $19.50, it will indicate that the bears are in control. The 
AVAXUSDT The pair could crash to the support line of the descending channel.
Conversely, if buyers push the price above the 20-day EMA, it will signal the start of a stronger recovery. The pair could rise to the 50-day SMA ($25.82) and later attempt a rise to the resistance line.
Shiba Inu Price Analysis
Shiba Inu (SHIB) turned down from the 20-day EMA ($0.000015) on August 11, suggesting that bears are selling on rallies.
A positive sign in favor of the bulls is that they have not given much ground to the bears. This increases the probability of a rally above the 20-day EMA. The 50-day SMA ($0.000016) could act as a barrier but is likely to be breached. The 
BLACK The pair could then attempt a rise to the breakdown level of $0.000020.
However, if the price turns down and breaks below $0.000012, it will be a sign that bears are still in control and the pair could then drop to $0.000010.
This article does not contain investment advice or a recommendation. Every investment and trading decision involves risk and readers should conduct their own research in making their decision.
