Key points:
Buyers will have to sustain Bitcoin above $69,000 to gain the upper hand in the short term.
Select major altcoins may break above their near-term resistance, signaling buying at lower levels.
Bitcoin (BTC) is facing resistance at $69,000, but the bulls continue to exert pressure. A minor positive in favor of the bulls is that the US spot BTC exchange-traded funds have recorded $186.9 million in inflows this week, according to Farside Investors data.
Is this a good level to buy BTC, or could it fall further? That’s a question troubling investors. Alphractal founder Joao Wedson said in a post on X that BTC’s previous market cycles suggest a historical bottom may form “in late September or early October 2026.”
Crypto market data daily view. Source: TradingView
Veteran trader Peter Brandt also believes that BTC could bottom in September or October. Brandt told Cointelegraph that a complete recovery to a new all-time high may happen only by the second quarter of 2027 but he added that it “is all guesswork.”
Could BTC and select major altcoins rise above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Buyers are attempting to sustain BTC above the moving averages, indicating solid buying at lower levels.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
If they succeed, the BTC/USDT pair may remain inside the bullish ascending triangle pattern. Buyers will have to thrust the BTC price above the $76,000 level to seize control. The pair may then surge to the $84,000 level.
This positive view will be negated in the near term if the BTC price turns down and breaks below the $65,000 level. That will invalidate the positive setup, resulting in long liquidation. The pair may then tumble to the $62,500 to $60,000 support zone.
Ether price prediction
Ether (ETH) closed above the 20-day exponential moving average ($2,085) on Tuesday, and the bulls are attempting to push the price to the $2,200 overhead resistance.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
If buyers overcome the barrier at $2,200, the ETH/USDT pair…
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