Bitcoin price analysis
Bitcoin’s price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.
The price has turned down from the resistance line and is likely to fall to the 20-day exponential moving average ($58,639). This is an important level for the bulls to protect, because a break below it may open the doors for a fall to the support line of the triangle.
On the contrary, if the price rebounds off the 20-day EMA, it will improve the prospects of a rally above $61,200. If that happens, the BTC/USDT pair could start a recovery to $65,000 and subsequently to $70,000.
Ether price analysis
Buyers tried to shove Ether (ETH) above the 20-day EMA ($2,397) on Sept. 17, but the bears did not budge.
The uptrend line is the critical support to watch out for on the downside. If this support gives way, the selling could accelerate, and the ETH/USDT pair could plunge to $2,111 and eventually to $2,000.
Contrary to this assumption, if the bulls push the price above the 50-day SMA ($2,553), it will signal that the bears are losing their grip. The pair could rally to the breakdown level of $2,850. Buyers will have to clear this level to suggest a potential trend change.
BNB price analysis
BNB (BNB) has been attempting to maintain above the moving averages, indicating a short-term positive sentiment.
Buyers will have to drive the price above $562 to indicate the continuation of the relief rally. The BNB/USDT pair could reach $600, where the bears are likely to pose a substantial challenge. If bulls overcome this barrier, the pair may reach $635.
Conversely, if the price breaks below the moving averages, it will suggest that the bears have overpowered the bulls. The pair could move downward toward the critical support at $460.
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