Bitcoin continues its tug-of-war between bullish and bearish sentiments, with the cryptocurrency hovering between $100,718 and $105,819 this week. As the digital gold holds firm above the crucial $100,000 mark, market watchers are eyeing a potential rally towards $130,000, according to the latest analysis. This follows a pattern of growth and optimism, which we detailed in Bitcoin Surges Past $94,000 as Institutional Interest and Market Optimism Grow.
Bitcoin’s Battle for Momentum
The cryptocurrency market displays a classic standoff, with Bitcoin bulls attempting to push past the $105,000 resistance. Santiment, a market intelligence firm, noted that retail traders’ impatience with the current consolidation might be a bullish indicator. However, the looming threat of a pullback below $100,000 could spell trouble, potentially leading to a deeper decline. “The pressure is on,” says crypto analyst Sarah Tran. “Bitcoin’s ability to hold this key level is critical for maintaining upward momentum.”
Technical indicators seem to favor the bulls for now, with the 20-day exponential moving average (EMA) trending upward and the relative strength index (RSI) in the overbought zone. Should Bitcoin break through the $105,000 ceiling, the next stop could be the previous all-time high of $109,588, and possibly $130,000 thereafter. The clock is ticking for the bears to drag the price below the 20-day EMA, or risk losing control.
Altcoin Landscape: Strengths and Weaknesses
While Bitcoin battles at its resistance, Ether (ETH) shows resilience, bouncing back from its $2,550 support level. Analysts suggest a break past $2,750 could reignite its upward trajectory, targeting the $3,000 mark. “Ether’s strength is mirrored by several altcoins,” observes Tran, signaling a broader market recovery. For a detailed look at previous trends, see our Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX.
XRP, however, faces its own challenges. After retreating from $2.65, the token could enter a range-bound pattern between $2 and $2.65 if bearish momentum persists. Yet, a bounce off current levels could drive it to $3, providing a much-needed boost.
BNB and Solana (SOL) are also in the spotlight. BNB is testing the waters between $644 and the 20-day EMA at $631, with a potential upswing to $693 if bulls prevail. Solana encounters resistance at $180, but remains buoyed by a supportive 20-day EMA at $161, eyeing $210 if bullish conditions persist.
Navigating the Volatile Terrain
Dogecoin (DOGE), Cardano (ADA), and Avalanche (AVAX) are navigating their own volatile terrains. DOGE attempts a rebound from $0.21, with a possible rally to $0.31 if it surpasses $0.26. ADA’s trajectory is contingent on overcoming the $0.86 resistance, potentially leading to $1.01, while AVAX eyes $31.73 and $36, contingent on maintaining support above its 20-day EMA.
Meanwhile, Sui (SUI) and Chainlink (LINK) are testing investor patience. SUI’s bounce from $3.62 suggests strong buying interest, with targets set at $5 if it clears $4.25. LINK faces a descending channel pattern, with hopes pinned on breaking the $19.80 resistance for a bullish turnaround.
The crypto landscape is as unpredictable as ever, with each token charting its own course amid broader market dynamics. As the summer of 2025 unfolds, all eyes are on these digital assets and their next moves, raising the perennial question: will the bulls or bears take the lead?
Source
This article is based on: Price predictions 5/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Further Reading
Deepen your understanding with these related articles:
- Bitcoin Surpasses $95K Amid Resilient U.S. Stocks, Analysts Voice Concerns Over Market Perception (openai)
- Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible
- Bitcoin Traders Brace for ‘Sell in May and Go Away’ as Seasonality Favors Bears
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
