These 4 altcoins show strength as BTC approaches its all-time high.

Bitcoin (BTC) just had an impressive breakout this week, rising over 6% and showing strong buying power around the important psychological level of $100,000. The bulls are trying to consolidate their advantage by maintaining prices above the $108,000 threshold – a key resistance zone. According to insights from renowned analyst Rekt Capital, if Bitcoin establishes the highest weekly close in history, this could mark the beginning of a new bullish trend, paving the way for unprecedented price peaks.

However, investors should note that liquidity often decreases on weekends – a factor that can make breakout phases less sustainable. The bears are likely to return at the beginning of this week, trying to pull the price back to the familiar zone from $100,000 to $111,980.

The rise of Bitcoin is also spreading to many altcoins, helping these coins bounce back from important support zones. If BTC establishes a new peak, it is possible that many altcoins will continue their recovery and surpass the resistance levels waiting ahead.

In this article, let's analyze the charts of the top 5 cryptocurrencies that are currently showing positive signals, while identifying notable support and resistance levels for a more comprehensive view of market trends.

Technical Analysis of BTC

Bitcoin is trading within the zone between the moving averages and the downtrend line. The bulls have attempted to push the price above the downtrend line, but the bears are still holding strong.

BTC/USDT daily chart | Source: TradingViewThe moving averages are trending slightly upward, while the relative strength index (RSI) is in the positive zone, indicating that the bulls have a slight advantage. If buyers can push the price above the downtrend line, the BTC/USDT pair could rise to $110.530 and then to $111.980.

The bear camp is expected to exert strong pressure in the zone from the downtrend line to the neckline of the inverted head and shoulders pattern. However, if the bull camp can overcome this obstacle, the currency pair could break out to $150.492.

This positive scenario will be invalidated in the short term if the price reverses and falls below the downtrend line and breaks below the moving averages. At that point, the risk of a drop to $102,500 and even $100,000 will be opened up.

BTC/USDT chart 4-hour | Source: TradingViewOn the 4-hour chart, the pair has bounced off the 20-period EMA, but the bulls could not overcome the resistance at the descending trend line. If the price continues to decline and breaks below the 20 EMA, it indicates that the bulls are weakening. The pair may slide towards the 50-period SMA – this is a key support level to watch. A break below the 50 SMA could accelerate the sell-off, pulling the price back to the $100,000 zone.

On the contrary, to establish strength, the bulls need to push the price above and maintain it above the downtrend line.

Technical Analysis HYPE

Hyperliquid (HYPE) has dropped below the 20-day EMA ($37,14) on Thursday, but the bears were unable to keep the price low, indicating that buying pressure is emerging at every minor dip.

HYPE/USDT Daily Chart | Source: TradingViewThe bulls have pushed the price back above the 20-day EMA on Saturday. The current resistance level is at $39.12, but if the bulls surpass this level, the HYPE/USDT pair could surge to $42.50. However, the zone from $42.50 to $45.80 is expected to be a strong resistance zone.

On the contrary, if the price reverses and breaks through the 20-day EMA line, it indicates that the bears are actively operating at higher price levels. At that point, the currency pair may plunge towards the 50-day SMA line ($34,42). Breaking and closing below this level could pull the price down to $30.69.

The HYPE/USDT chart on the 4-hour timeframe | Source: TradingViewThe currency pair has currently found support at the 50-period SMA, and the bulls are attempting to push the price above the short-term resistance at $39.12. If successful, the currency pair could rise to $41 and then to $42.50.

The first support levels on the downside are the EMA 20 line and then the SMA 50. If the price breaks below these moving averages, it will be a signal that the bullish momentum is weakening. The pair could drop to $33.25 and then to the strong support zone at $30.69.

Technical Analysis of BCH

Bitcoin Cash (BCH) is facing selling pressure at the $500 zone, but the positive point is that the bulls have not ceded much ground to the bears.

BCH/USDT Daily Chart | Source: TradingViewThe moving averages are trending upward and the RSI indicator is in the positive zone – this indicates that the bulls are in control of the market. As a result, the likelihood of breaking the $500 mark is increasing. If this happens, the BCH/USDT pair could surge to $550. The bears may try to halt the upward momentum at $550, but if the bulls dominate, the next target could be $625.

The first support levels are at the 20-day EMA ($464), followed by the 50-day SMA ($430). A break below the 50-day SMA would be a signal that the bears have returned to the game.

BCH/USDT chart 4-hour | Source: TradingViewOn the 4-hour time frame, the bulls are trying to keep the price above the 20-period EMA. If successful, the pair may once again break through the resistance level of $500. The upward momentum could be strongly reinforced when surpassing the $511 mark.

On the contrary, if the price breaks and maintains below the 20-period EMA, it indicates that the bulls are taking profits. At that point, the price may drop to the 50-period SMA – where there is a high likelihood of buying pressure returning.

Technical Analysis of LINK

Chainlink (LINK) has been closely following the 20-day exponential moving average (EMA) at $13.27 over the past few days, indicating that the bulls are still maintaining buying pressure.

LINK/USDT daily chart | Source: TradingViewIf the price breaks through and holds above the 20-day EMA, the LINK/USDT pair could rise to the 50-day simple moving average (SMA) at $14.43. Bears are expected to defend the 50 SMA fiercely, as a breakout above this level would signal a potential trend reversal. At that point, the pair could continue to climb to the zone of $18.

Conversely, if the price sharply reverses down from the current level or from the 50-day SMA, it indicates that the bears are taking advantage of the recoveries to sell. A price break below $12.73 could cause the LINK/USDT pair to remain stuck in a downtrend channel for some more time.

LINK/USDT chart on the 4-hour timeframe | Source: TradingViewThe bulls are trying to push the price up to the resistance line, but the bears are fiercely defending at the zone $13.50. If the price turns down and breaks through the 20-period EMA line, it will indicate that the buying pressure at higher price levels is weakening. After that, the currency pair may drop down to the 50-period SMA line.

Conversely, if the price bounces back strongly from the EMA 20, it reflects positive sentiment in the market. The LINK/USDT pair may rise to the resistance line, which is an important technical level to watch. If the price breaks through this resistance zone, the currency pair could advance to the $15.50 mark.

Technical Analysis of SEI

Sei (SEI) has regained momentum after surpassing the 50-day SMA at $0.21 on Monday, while breaking through the resistance zone of $0.29 on Tuesday.

Daily SEI/USDT Chart | Source: TradingViewHowever, the buying pressure is not strong enough to maintain higher price levels, causing the price to slide below the $0.29 mark on Wednesday. A positive signal for the bulls is that they quickly pushed the price back above the $0.29 level. The 20-day EMA is now starting to slope upwards, and the RSI is also in the positive zone, indicating that the main trend still leans towards the bulls. The SEI/USDT pair may aim for the $0.35 mark, and further towards $0.43.

However, this positive scenario will no longer be valid in the short term if the price turns around and breaks below the 20-day EMA line. At that point, the currency pair could drop to the zone $0.19, followed by $0.15.

The SEI/USDT chart on the 4-hour timeframe | Source: TradingViewBoth moving averages are trending upwards, along with the RSI indicator in the positive zone, indicating that the advantage currently lies with the bulls. If the price remains stable above the $0.30 level, the SEI/USDT pair may continue to rise to $0.33.

However, the bears are definitely not standing still. They will try to pull the price below the 20-day EMA. If successful, the currency pair could slide down to the $0.27 level and then to the 50-day SMA. The bulls are expected to defend strongly at the 50-day SMA, because if the price drops further, the upward trend could be significantly delayed.

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