Bitcoin bulls’ failure to keep the coin above $109,000 has encouraged the bears to book profits this week. Increased selling pressure has triggered a move to $103,754 at the time of writing.
As the price of BTC continues to plummet, Bitcoin spot Exchange-traded funds (ETFs) are bleeding. Data from CoinGlass shows that investors have cashed out $347 million from these products since Monday.
Nonetheless, Derive CEO Nick Forster is optimistic that the current bearish moves will be short-lived. He argues that the price pullbacks are ‘ healthy’ for the long-term uptrend. Forster foresees Bitcoin surpassing its all-time high of $111,664 in June.
Meanwhile, financial markets analyst on X, Stockmoney Lizards, says Bitcoin will be trading above $200,000 before the end of this year, regardless of Donald Trump’s trade policies. Furthermore, they claim that a rally to $250,000 is possible in the first quarter of 2026.
That said, what vital support areas should the bulls guard to prevent further decline? Let’s study the charts to find out.
Bitcoin Price Analysis
BTC dipped below the 20-day Exponential Moving Average of $105,421 on May 30th, giving the sellers a short-term advantage. The next critical support is at $100,000, where we anticipate intense buying as the bulls will try to block a drop to the 50-day Simple Moving Average of $97,863.
On the other hand, if Bitcoin climbs above $105,421 and the bulls manage to push it toward $109,765, then we can assume that the sellers have been overpowered. As such, we should expect a move to $111,664 and later to $120,200.
Ethereum Price Prediction
Although Ether surpassed the $2,739 resistance on Wednesday, the bulls failed to keep it at higher prices as sellers booked profit. It is now trading at $2,541 after bouncing off the 20-day Exponential Moving Average of $2,494 on May 30th. However, if that level is retested and the bears manage to violate it, Ethereum could plunge to $2,361 and subsequently to the 50-day Simple Moving Average of $2,107.
Conversely, if the daily candle closes above $2,739, an ascending triangle pattern will be completed. In that case, the bulls will attempt to push ETH to $3,000 and then to $3,158.
XRP Price Analysis
XRP bears are in charge following a price drop below the 50-day Simple Moving Average of $2,261. They are now looking to pull the coin to the $2.068 support. If the bulls fail to mount pressure there, a sharp fall to $1.83 and then to $1.614 seems possible. However, a rebound from $2.068 would suggest that the bulls are keen on keeping XRP at high prices. As such, a journey to the $2.659 barrier could start.
Solana Price Analysis
SOL dipped below the 20-day Exponential Moving Average of $167.85 on May 29th, following reports that the US Securities and Exchange Commission had postponed its decision on Bitwise’s Solana ETF application. The coin has traded below that vital level since then, reaching $154.93 at press time.
While the bulls are expected to guard the $152.97 support, SOL could plunge to $142 and then to $120.53 if the bears overpower them.
On the bullish side, a break and close above the 50-day Simple Moving Average of $157 would mean that the buyers are slowly taking control of the market. As such, a solid move to $167.85 and then to $180 looks likely.
