Crypto News Today: Bitcoin Price Recovery Eyes $117K — ETH, XRP, BNB, SOL, DOGE, ADA, XLM Forecasts Mixed as Bulls Struggle
Key Highlights:Bitcoin faces stiff resistance at $117K and $120K amid macro uncertainty and ETF outflows.ETH, XRP, BNB, and SOL show fragile rebounds, with altcoin rallies likely delayed.DOGE, ADA, and XLM remain range-bound, with sellers active on minor rallies.Institutional buying continues despite retail caution, with Metaplanet and SharpLink accumulating BTC and ETH.Bitcoin (BTC) Price Prediction: Bulls Defend $112K, Eyes on $117K ResistancePrice: $115,219Bitcoin is attempting a rebound from the critical support at $112,000 but faces intense resistance at $117,000 and then $120,000. The 20-day SMA near $117,237 and a weakening RSI signal that bears are attempting to regain control.A decisive move above $117K would open the path to $120K–$123,218. On the downside, failure to hold $110,530 could see BTC retest $105K and potentially drop to $100K, as noted by Arthur Hayes.ETF redemptions remain a concern. Friday saw $812 million in BTC ETF outflows, showing institutional caution.Ethereum (ETH) Price Prediction: Bulls Defend Fibonacci LevelsPrice: $3,727Ethereum is holding above key retracement support between $3,422 and $3,300, but upside attempts may stall near the 20-day SMA at $3,652. If bulls break that, ETH could test $3,941, then $4,094.SharpLink's purchase of 30,755 ETH at $3,530 shows ongoing confidence, despite $152M in ETF outflows on Friday. A drop below $3,354 could send ETH down to the 50-day SMA at $3,013.XRP Price Prediction: Range-Bound Between SMAsPrice: $3.07XRP bounced off the 50-day SMA at $2.66 but faces resistance near $3.19 (20-day SMA). A breakout above this could trigger a rally toward $3.33 and $3.66.If bulls fail and price breaks below $2.66, expect a deeper correction to $2.40. The RSI and moving averages show a balanced but cautious market.BNB Price Prediction: Holding Key Support at $732Price: $766.83BNB rebounded from strong support at $732, but upside will face selling at the 20-day SMA ($769). A clean break above that level could lead to a rally toward $794 and $815.If BNB breaks below $732, the next support lies at the 50-day SMA ($702).Solana (SOL) Price Prediction: Bears and Bulls in StandoffPrice: $168.63SOL dipped below its 50-day SMA at $161 but bounced back. The RSI and moving averages indicate indecision. A move above $179 (20-day SMA) may trigger a rally toward $195.Conversely, a break below $155 could send SOL tumbling to $144 or even $137.Dogecoin (DOGE) Price Prediction: Consolidation ContinuesPrice: $0.2095DOGE remains stuck in a long-term range between $0.14 and $0.29. A move above the 20-day SMA ($0.22) would be the first bullish signal, targeting $0.26 and $0.29.If DOGE fails to reclaim short-term moving averages, a drop below $0.19 (50-day SMA) could push it back to $0.14.Cardano (ADA) Price Prediction: Buyers and Sellers Evenly MatchedPrice: $0.7547ADA rebounded from the 50-day SMA ($0.68). With both SMAs flattening and the RSI near neutral, expect sideways action unless one side takes clear control.A break above the 20-day SMA could push ADA to $0.80, while a move below $0.68 could open a path to $0.50.Stellar (XLM) Price Prediction: Bouncing From Fibonacci SupportPrice: $0.4152XLM is attempting to bounce from the 61.8% retracement level at $0.34, but the rally may face resistance at $0.43 (20-day SMA).If the price turns down again, the 50-day SMA ($0.33) will be the last major support. A breakdown could drag XLM to $0.29. A close above $0.43 would be bullish, with upside targets at $0.46 and $0.49.Macro Outlook: S&P 500 and US Dollar Index in FocusS&P 500: Still bullish but facing resistance near all-time highs. A break below 6,139 (50-day SMA) may trigger more profit-taking.US Dollar Index (DXY): Trying to hold above moving averages; resistance at 100.54 and then 102. A drop below 98 would favor risk-on assets like crypto.Bitcoin's recovery toward $117K may determine the next move for altcoins, but ETF outflows and macro headwinds are dampening sentiment. Traders are watching for clear breakouts from resistance zones across ETH, SOL, BNB, and DOGE, while BTC ETF flows remain the biggest wildcard in gauging institutional appetite.