Major

bullish

Bitcoin

<p>Key highlights:</p>
<ul>
 <li><p>Bitcoin may climb to $115,000 and then $120,000, but whale selling pressure might limit gains soon.</p></li>
 <li><p>Certain altcoins show strength, poised to surpass their resistance zones.</p></li>
</ul>
<p>This week, Bitcoin (BTC) buyers attempt to hold levels above $112,500, though bears remain active. Monitoring whale transactions is crucial as the market reacts to their moves.</p>
<p>Recent CryptoQuant data reveals whales sold nearly 115,000 BTC in the last month — the largest sell-off since mid-2022. Persistent whale selling could restrict Bitcoin’s upward momentum in coming weeks.</p>
<p>On downside risks, the $100,000 area is closely watched. The trader ZYN noted BTC has previously found support at the 0.382 Fibonacci retracement in Q3 2024 and Q2 2025. A possible scenario includes a 10% drop near $100,000 before a significant 50% rally above $150,000.</p>
<p>Demand from Bitcoin treasury firms is declining. Michael Saylor’s Strategy, the largest Bitcoin holder, acquired around 7,700 BTC in August — much lower than July’s 31,466 BTC. Other firms also decreased purchases, signaling cautious sentiment.</p>
<p>Will Bitcoin overcome resistance and can altcoins follow? Let’s review market charts of the top 10 cryptocurrencies to uncover potential trends.</p>
<h2 class="my-0" id="sp-500-spx-forecast">S&amp;P 500 (SPX) Forecast</h2>
<p>The SPX reached a new intraday high recently but faced selling pressure afterward. RSI indicates weakening bullish momentum.</p>
<p>If prices fall below the 50-day SMA around 6,356, deeper corrections may occur towards 6,147. Conversely, a bounce from moving averages could reinvigorate the uptrend targeting 6,700.</p>
<h2 class="my-0" id="us-dollar-index-dxy-outlook">US Dollar Index (DXY) Outlook</h2>
<p>The DXY saw sellers resist rallies above its moving averages, signaling potential downside.</p>
<p>Support at 96.37 is critical; a drop below this could push the index down to 95. Bullish revival requires surpassing 99, aiming for resistance at 100.50 and ultimately 102.</p>
<h2 class="my-0" id="bitcoin-btc-price-movement">Bitcoin (BTC) Price Movement</h2>
<p>BTC surpassed the 20-day EMA near $111,902, indicating renewed bullish momentum. It may test the 50-day SMA at $114,920, where selling might arise.</p>
<p>If BTC rises above this SMA, prices could consolidate in a range between $107,000 and $124,474. Otherwise, failing to hold this level may lead to a drop toward $100,000.</p>
<h2 class="my-0" id="ethereum-eth-market-trends">Ethereum (ETH) Market Trends</h2>
<p>ETH has been trading close to its 20-day EMA ($4,351), reflecting buyer-seller indecision.</p>
<p>A support break below $4,060 may trigger profits selling, possibly pushing ETH down to $3,745 or $3,350. On the upside, breaking above $4,500 could lead to retesting resistance near $4,956 and further rally to $5,500.</p>
<h2 class="my-0" id="xrp-price-analysis">XRP Price Analysis</h2>
<p>XRP recently moved above the 20-day EMA ($2.90) and approaches the downtrend line.</p>
<p>Sellers are likely to defend this trendline strongly. Surpassing it may invalidate bearish patterns and push XRP towards $3.40. Alternatively, failure could keep it trapped within the descending triangle, with risk of decline below $2.73.</p>
<h2 class="my-0" id="binance-coin-bnb-outlook">Binance Coin (BNB) Outlook</h2>
<p>BNB bounced from support at $840 and broke above $861, aiming for $900, where resistance is anticipated.</p>
<p>If it dips from $900 but holds the 20-day EMA ($855), bulls remain favored, possibly driving BNB to $1,000. Breaking below $840 may signal retreat toward $824 and $794.</p>
<h2 class="my-0" id="solana-sol-forecast">Solana (SOL) Forecast</h2>
<p>SOL rebounded from the 20-day EMA ($201) and attempts to break $218 resistance to form a bullish ascending triangle.</p>
<p>Above $218, SOL may rise to $240 and then $260. Defending $218 and pushing SOL below the 50-day SMA ($189) could shift momentum to bears, with potential drop to $175.</p>
<h2 class="my-0" id="dogecoin-doge-update">Dogecoin (DOGE) Update</h2>
<p>DOGE exceeded its moving averages, trading between $0.21 and $0.26, with the 20-day EMA beginning to climb.</p>
<p>Bulls have a slight edge, targeting $0.29. Clearing $0.29 could spark a new leg to $0.44. Key support is $0.21; beneath this, DOGE might slide to $0.19 or $0.16.</p>
<h2 class="my-0" id="cardano-ada-analysis">Cardano (ADA) Analysis</h2>
<p>ADA moved above moving averages, nearing the descending channel’s downtrend line.</p>
<p>Breaking resistance may end current correction, allowing rallies to $0.96 and $1.02. Failing to clear the trendline suggests price will remain channel-bound, with bears gaining control if support breaks.</p>
<h2 class="my-0" id="hyperliquid-hype-price-action">Hyperliquid (HYPE) Price Action</h2>
<p>HYPE surged past the $49.88-$51.19 resistance, completing a bullish ascending triangle pattern with a close above $51.19.</p>
<p>This breakout could propel HYPE to the $64.25 target. However, a fall back into the triangle warns of selling pressure, risking a decline to $40.</p>
<p>Investors should conduct thorough research and consider risks before making decisions.</p>

Price Predictions for Major Indices and Cryptocurrencies on September 8

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