Crypto Circus: Bitcoin Stalls, Altcoins Prepare to Party đŸŽȘ🚀

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Key points:

  • Bitcoin is playing the weekend game, stuck below $105,000, with its tail between its legs but no real crash in sight. Quite the gentleman’s wait, isn’t it? 🧐

  • If Bitcoin decides to lift its skirts for a relief rally, ETH, HYPE, TAO, and QNT will prance merrily higher—oh, the drama! 🎭

Bitcoin (BTC) remains ensnared below the fabled $105,000 during the weekend, as if it’s waiting for a polite invitation to go higher. Meanwhile, the sellers are in control, or so they think.

CryptoQuant, in its latest sermon to CryptoMoon, suggests that “some demand metrics for Bitcoin might be reaching a top—how quaint—the rally could go for a nap soon.”

Support levels are at the eye-popping $100,000 mark, the psychological equivalent of a big comfy chair. If that collapses, don’t panic—statistics from Glassnode show the short-term realized price at $96,000, and Bitcoin rarely stays below this abyss for long. Round-trip or not, the bulls will fight to defend this line like cats defending their territory. đŸ±

But the real show is elsewhere—specifically, in ETH’s sparkling chart patterns hinting at an altcoin extravaganza. Could this be the start of the next big thing in altcoins? Or just a false alarm? Stay tuned, dear reader!

Will Bitcoin’s modest relief rally propel it to $109,588, lifting all boats? Or is this just another episode in the endless saga of crypto soap operas? Here are the charts that matter.

Bitcoin price prediction

On May 30, Bitcoin slipped below the 20-day exponential moving average ($105,232), and it was as graceful as a drunk in a tutu—signaling a weakening bullish show.

The bulls are valiantly attempting to wrestle the price back above the 20-day EMA, but the market bears are sharpening their claws at higher levels, ready to pounce. If the price dips further from this shiny line, expect a descent toward $100,000, with the possibility of a final retreat to $93,000—a veritable cliffhanger.

The flattish EMA and RSI flirting near the middle suggest the market may wobble like a teetering teacup. To rally, the brave must push above $111,980; failure here could lead to a nosedive below $103,000, setting the stage for a fall to the dreaded $100,000 floor.

Both moving averages are turning south, with RSI humming the blues, giving the bears an itch to pounce. If they succeed, watch out for a collapse below $103K—nothing like a good old-fashioned market tantrum.

Conversely, a breakout above the 20-EMA could be the comeback story of the season, perhaps leading to a climb toward the 50-simple moving average—where the sellers lurk, ready to pounce again.

Ether price prediction

Ether (ETH), after a brief dalliance above $2,738 on May 29, decided to retreat to the 20-day EMA ($2,496)—a classic case of “if you can’t beat them, join the dip.”

Buyers are rallying to defend the current level, but the danger remains: a breakdown could send ETH rushing to $2,323, where the bears are waiting with open claws. Fight to defend that level, or risk a deeper retreat to $2,133—a real bargain sale!

If ETH roars back up from here, knocking on $2,738 again, the bulls will attempt to break through for a shot at $3,000—and maybe even $3,253, because who doesn’t love a good rally? đŸ”„

The 4-hour chart shows a languid range between $2,462 and $2,738, with bears currently in charge, as indicated by the downward sloping EMA and bearish RSI. A breather below $2,462 could send ETH plummeting to $2,323, unless the bulls decide to turn the tables with a rise above $2,800.

Hyperliquid price prediction

HYPE has taken a nosedive from $40 on May 26 but hits a support level at the 20-day EMA ($30.76)—the crypto version of “stay strong and carry on.”

The bulls are buying dips, but resistance at $35.73 looms like an uninvited guest. Breakthrough that, and $40 plus $42.25 are within reach. Or is this just a mirage? đŸ„Ž

If the current support falters, expect a slide down to $28.50—cue the dramatic music. Bulls need to push above resistance to turn the tide and avoid a bear hug.

Bittensor price prediction

TAO summoned itself from the 50-day SMA ($379) on May 31, reaching a promising $495—but don’t get too comfortable. Sellers clawed back, defending $495, but if bulls push above the 20-day EMA ($421), a bullish inverse head-and-shoulders pattern could emerge—oh, the suspense!

A break above $495 might see TAO race toward $589 and then to $720—mouths watering with anticipation. But beware: sellers are lurking, ready to drag it down below the 50-day SMA, turning the party into a punchline.

The 20-EMA begins to rise, and RSI signals balanced chaos. A decisive move above $460 could set the bulls free—otherwise, a dip to $396 or even $366 awaits, like a bad sequel.

Quant price prediction

QNT faked a fall from $120 on May 28 but found hearty support at the 20-day EMA ($101)—not bad for a crypto baby.

With rising averages and RSI shouting “upward!” the path ahead looks bright—if slightly crooked. Break above $120, and QNT could surge to $142. Resistance at $124? That’s only a speed bump.

If the bears regain control and push below the 20-day EMA, watch for a slide towards $87 at the 50-day SMA—ouch, that’s a nasty fall indeed.

To claim victory, buyers must push above $113; failure to do so could see QNT tumbling toward $92. The market’s balancing act is in full swing—popcorn ready! 🎬

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2025-06-01 19:51