On May 8, the price of Bitcoin (BTC), which is a digital currency, rose above the psychological $100,000 level.

Bitcoin price forecast: bullish

The upward momentum peaked around $104,190, and then slowed down. CryptoGuestPosts reported that Bitcoin's price dropped after it peaked at $106,000 in January.

BTC is expected to reach a peak of $107,000. After Bitcoin started to correct itself, the price rise was stopped. The biggest cryptocurrency, which was rejected at $105,000, is now bouncing back off the psychological price barrier.

Bull market will return if buyers steadfastly defend price level of $100,000. If the current barrier is breached, Bitcoin could reach a peak of $110,000.

The largest cryptocurrency, however, will drop if the sellers breach the support of the SMA 21-days and the $100,000 level. Bitcoin will drop to the support provided by the 50-day SMA. Bitcoin is still above the $100,000 crucial support level.

Bitcoin Price Indicator Analysis

Bitcoin's price has reached its previous highs by rising above the moving-average lines. Moving average lines slope upwards when there is a bullish cross-over. The 21-day SMA is positioned above the 50 day SMA. This is a bullish sign. The market's overbought zone is moving closer and closer to cryptocurrency prices. In the overbought region, sellers are expected to emerge.

Technical Indicators

Key supply zones: $108,000, $109,000, $110,000

Demand zones for $90,000. $80,000. $70,000

What will be the next step for Bitcoin?

The price of bitcoin is falling on the 4-hour graph after it reached the resistance level of $104,000. Bitcoin is now above the psychological level of $100,000, after it broke through the $97.500 mark.

If the support of $100,000 holds, Bitcoin's downside will continue to climb to a maximum of $110,000. However, the bullish scenario will be nullified by a break in the 21-day SMA.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

After reaching $0.26, the price of TRX (TRON) resumed its downward trend.

TRON Price Long-Term Forecast:

The price of crypto has dropped and is now trading above the SMA 21-day support. The fall was caused by buyers' inability to push the price past the $0.26 barrier two times. If buyers can break the barrier twice at $0.26 and then $0.27, altcoins will reach their high of $0.30.

TRON's price will fall below the 21-day SMA and the 50-day SMA, as the downward trend has broken. The sideways trend will continue if the 50-day SMA is a support. TRON will then fall back into its horizontal trend, between the $0.26 support and the $0.235 high.

Altcoin was worth $0.243 at the time this article was written.

Analysis of TRON Price Indicator

TRON's price bars have dropped below the SMA 21-day support but above the SMA 50-day low. The cryptocurrency is now moving in a range bound movement. It has fallen between the SMA lines. The price bars are below the moving-average lines on the 4-hour graph, but the decline is halted above the $0.24 resistance. The moving average lines are horizontal on both charts.

Technical Indicators

Key resistance zones: $0.40. $0.45. and $0.50

Support Zones for $0.20, $0.15 and $0.10

What's the next step for TRON?

TRON trades sideways between $0.24 and $0.26. After rising above the $0.24 resistance, the crypto price has dropped below the moving-average lines. The crypto price has remained static due to traders' hesitation.

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

The chart shows that Toncoin (TON), which is a cryptocurrency, trades in the lower half of the chart. This area includes the range between $2.50 as a support and $4.00 at the highest.

Toncoin price long-term prediction: bearish

CryptoGuestPosts reports that since April 6, cryptocurrency trading has been restricted to the level of $2.80 and the 21-day SMA. Doji candlesticks seem to limit the upside above the current $2.80 support level and below the moving-average lines. If the altcoin breaks over the moving averages, it will try to reach the resistance level $4.00.

TON will reach $5.00 when the resistance of $4.00 is broken. TON will drop below its previous low of $2.50 if it loses support. TON was trading at $2.97 as of the date of this article.

Analysis of Ton Price Indicators

On the daily chart, there is a new crossover bearish below the moving average downward lines. The fact that the 21 day SMA is lower than the 50 day SMA shows the current decline. Doji candlesticks show that traders are still unsure of their decision. TON has reached the oversold part of the market. TON increases as more buyers emerge.

Technical Indicators

Resistant Levels: $6.00 $8.00 $10.00

Support Levels: $5.00, $3.00, $1.00

What is the next step in Toncoin's development?

Since March 10, TON is trading above the $2.50 level of support. The buyers have attempted to restart an uptrend, by breaking above moving average lines. Bears forced altcoin to trade within the bearish trend zone. The altcoin has been consolidating above its current support level and the slide is now above $2.80.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

Toncoin's (TON) price remains at the bottom. The altcoin moves in a narrow range between $2.50 and $4.00.

TON price long-term prediction: bearish

TON has lost ground following two rejections of the $4.00 high. The decline was stopped above the $2.50 level of support. The selling pressure will return if the price drops below the $2.50 level of support.

The trend will continue to be negative, and the price will drop down to $2.00 and $1.10. The price indicator indicates that TON is likely to continue falling and will reach the Fibonacci level of $2.618. TON was trading at $3.19 when this article was written.

Analysis of the TON Indicator

Moving average lines that were running down the daily chart now run horizontally. Moving average lines are now above price bars. The moving average lines are above the price bars.

Altcoins were pushed down at their last high so gains were only temporary.

Technical Indicators

Resistant Levels: $6.00 $8.00 $10.00

Support Levels: $5.00, $3.00, $1.00

What's the next step for Toncoin?

TON continues to move in a sideways direction as altcoins remain above $2.50 support.

Coinidol reported that since March 10, TON has traded below the $4.00 support level and between $2.50. Above the $4.00 level, TON's uptrend will continue. The price indicator on a weekly chart predicts that the price will continue to decline.

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

BNB price fails to rise above $640 as it falls below 50-day SMA. BNB price by CryptoGuestPosts.

BNB Price Long-Term Prediction: Bullish

Altcoins have started their uptrends after breaking through the moving average line and reaching a maximum of $643. BNB, however, has traded above the moving-average lines, but below $640, for the last week.

BNB is under further pressure today as the bears have broken through the support of the 50-day SMA. Binance Coin is expected to fall back to its old lows of $580 or $560. BNB, however, will be stuck between the moving-average lines if BNB falls and stays above 21-day SMA.

BNB indicator reading

BNB's price bars remain above the moving-average lines, despite recent declines. The price bars have fallen below the moving-average lines on the 4-hour chart, which indicates a further drop. The horizontal moving-average lines show sideways movement.

Technical Indicators:

Key Resistance Levels - $600 $650 $700

Key support levels - $400, $350, $300

What is the next trend for BNB/USD?

BNB, despite trading in a sideways fashion, is now below the SMA of 50 days. BNB will resume its upward trend if it retraces, and remains above the daily moving-average lines. It could also retest $640 if BNB stays above these lines. If the altcoin breaks through the 50-day SMA, it will drop to $520.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.