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Bitcoin bulls pushed toward a key overhead resistance level this week, but buyers have struggled to sustain higher prices. A confirmed break above the level could restart the bull market in BTC and several major altcoins, while failure would likely keep the market under pressure.
Buyers are attempting to hold Bitcoin (BTC) above $72,500, but bears are expected to defend nearby resistance. US spot Bitcoin exchange-traded funds (ETFs) showed a mixed week, with two days of inflows and two days of outflows. Still, the net result was weekly inflows of $576.5 million, according to Farside Investors data.
On-chain analysis also points to caution. Glassnode said BTC needs to cross the True Market Mean at $78,000 and the Short-Term Holder Cost Basis at $81,600 to shift into a sustainable recovery regime. Until then, the “mid to long-term bias remains tilted to the downside,” with rallies into the zone expected to face selling from recent buyers seeking to exit near breakeven.
BTC rose above $73,000, but the move stalled, suggesting bears are working to keep price below $72,000. The 20-day exponential moving average ($69,587) has started to turn up, and the relative strength index (RSI) has moved into positive territory—signals that increase the odds of a rally toward $76,000.
Traders expect sellers to defend $76,000. A close above that level would complete a bullish ascending triangle pattern and could lift BTC/USDT toward $84,000. Conversely, bears would need to pull BTC below the support line quickly to signal a renewed downturn, with the pair at risk of falling to the $62,500 to $60,000 support zone.
Ether’s pullback is finding support at $2,200, as bulls attempt to flip the level into support. If ETH turns up and breaks above $2,274, the outlook improves for a move above $2,400, with potential upside toward $2,800.
The bullish scenario would be invalidated near term if price falls and breaks below the moving averages, suggesting sellers are attracted to higher levels. In that case, ETH/USDT could drop to support at $1,916.
XRP failed to break above the 50-day simple moving average ($1.38), indicating bears are actively defending the level. With both moving averages flattening and the RSI just below the midpoint, the short-term edge remains slightly with bears.
A break and close below $1.27 would signal a continuation of the downtrend toward $1.11 and later toward the descending channel support near $0.9. On the other hand, a break above the 50-day SMA would tilt advantage toward buyers, potentially enabling a rally toward the downtrend line where bears are expected to challenge.
BNB failed to rise above the 50-day SMA ($626), suggesting bears sell into minor rallies. Sellers are looking to push BNB below $570, which could resume the downtrend toward the next strong support at $500.
If price instead closes above the moving averages, the pair could remain in its current range longer. Buyers would regain control on a close above $687, opening the path for rallies to $730 and then $790.
Solana is consolidating between $76 and $98, reflecting buying on dips and selling on rallies. A move above the moving averages could drive recovery toward $98, where sellers are expected to defend strongly and keep SOL/USDT within the range.
The next directional move is expected either above $98 or below $76. A break above $98 could push the pair toward $117, while a drop below $76 could sink it to $67.
Dogecoin has failed to rise above the downtrend line, indicating continued bearish pressure. To complete a bearish descending triangle pattern, sellers would need to pull DOGE below $0.09. If they do, DOGE/USDT could fall to $0.08 and later to $0.06.
If price turns up and breaks above the downtrend line, it would suggest bulls are defending $0.09. A failed bearish setup can attract buyers, potentially lifting DOGE toward $0.11.
Hyperliquid has been moving higher toward the $41.59 to $43.76 resistance zone, signaling demand from bulls. The 20-day EMA ($37.91) has started to turn up, and the RSI is in positive territory, indicating bullish control.
A close above the overhead resistance zone could enable a rally to $50. The bullish view would weaken if sellers yank HYPE below the 50-day SMA ($35.27), which could lead to a drop to $29.42.
In Cardano, sellers are defending the 50-day SMA ($0.26), while bulls have prevented a drop back below $0.25. The first sign of strength would be a close above the 50-day SMA, which could open a rally toward the downtrend line.
Sellers are expected to defend the downtrend line, and a close above it would suggest a potential short-term trend change. If ADA falls below $0.23, bears would appear to have gained control, potentially pushing the pair to $0.22 and later toward support near $0.16.
Bitcoin Cash faces resistance at the 20-day EMA ($451), but bulls have not surrendered much ground. That increases the likelihood of a break above the 20-day EMA. If BCH/USDT clears it, the pair could rise to the 50-day SMA ($465) and then to the $486 resistance level.
A close above $486 would suggest the market rejected a prior break below $443 support. Bears, however, may attempt to defend the moving averages and push BCH below $420, which could result in a drop to $375.
Chainlink has been trading between $8 and $10 for several days, indicating a balance between supply and demand. With moving averages flattening and the RSI near the midpoint, neither side has a clear advantage.
If LINK turns up and breaks above $10, it would suggest the start of a new uptrend, with potential to reach $11.61. A close below $8 would instead point to a return of the downtrend toward $6.
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