Bitcoin’s Abyss: Can the Rally Survive the Bear and Reach $117,500?

In the dim corridors of the market, where every tick of a price feels like a knock on the door of our own conscience, Bitcoin staggers back to its feet with a tremor that betrays both hope and fear. The crowd mutters, the candles wrestle with shadows, and the question dances before us with a cruel grin: will the faithless bear allow the gentle ascent to 117,500, or will the abyss swallow the whisper of a rally? 😅🤡

Key points:

Bitcoin has regained breath with a stubborn flourish, yet the specter of heavy selling hovers near 117,500 like a judgment waiting to be pronounced.
Many major altcoins tremble on the edge of rallies, but BNB and AVAX may stubbornly redraw the horizon and resume their ascent.

Bitcoin (BTC) rose above $113,900 on Wednesday, a small victory that might be mistaken for a triumph by the credulous, while the wiser souls whisper that the path is lined with moving averages and the cold logic of charts. Strategy executive chairman Michael Saylor, that peculiar preacher of hodling, proclaimed on CNBC that continuous buying by colossal BTC exchange-traded funds-on behalf of institutions-and a creeping corporate affection for BTC could coax the rally toward year’s end, as if fate itself were itching for a grand finale.

Glassnode, that hushed oracle of on-chain whispers, offered its weekly discourse: BTC could kiss a new all-time high, yet warned that history teaches the cycle sits in its late quarters. The current rhythm resembles the grand parades of 2015-2018 and 2018-2022, where all-time highs appeared only 2-3 months after the cycle’s nadir, like a stubborn comet that refuses to die.

Yet not all eyes glow with the same fever. Julio Moreno, head of research at CryptoQuant, posted from the digital lectern that whales have net sold 147,000 BTC since Aug. 21, and that the total holdings of whales now sink at the fastest monthly pace of this cycle. A drama, yes, but one in which the audience is as volatile as the performers. 😏

Could BTC rise above the clamor of selling to reach 117,500? Will altcoins be swept along in the wake of BTC, or will they tread their own dark, winding paths? Let us peer into the charts of the top ten to glean some image of what may come.

Bitcoin price prediction

BTC has summoned a relief rally, a feverish breath, but the resistance of the moving averages stands like stern guardians at a closed gate. If the price falls away from these guardians, a plunge toward 107,000 grows likely, and buyers will defend this line with the stubbornness of a man who has nothing left but pride, for a break below it would complete a bearish double-top and pull the thread toward 100,000 and even 89,526, as if the soul were being unstitched from its fabric. 😬

On the other hand, if the bulls pierce these guardians, the BTC/USDT pair could surge to 117,500. The opposition at 117,500 may be fierce, yet if the fervor prevails, the journey might carry us to 120,000, a threshold both tantalizing and terrifying.

Ether price prediction

Ether (ETH) clings to the 4,060 level as if it were a lifeline, though relievers’ rallies invite heavy tolls on their way to happiness. If the price turns south from the 20-day EMA at 4,393, the prospect of a break below 4,060 deepens, and the ETH/USDT pair could descend to 3,745, then to the pattern target of 3,426, as if the mind were dragged into a well of doubt. 😅

Yet a rise above the 20-day EMA could signal a blooming of a trading range, with Ether oscillating between 4,060 and 4,957 for a troubling spell, as if the soul lingers on a threshold between two houses of sorrow.

XRP price prediction

XRP (XRP) has wandered inside a descending triangle, that old topping pattern that smiles, then bites. The bears must drag the price below 2.69 to finish their grim pattern; a fall would push XRP/USDT toward 2.20, a descent into a dim corridor of losses. The alternative is to slam above the downtrend line, invalidating the bearish fate and inviting a rally to 3.40, a glimmer that dares to pretend it has conquered fear. 😜

The choice is stark: drift toward despair, or seize the line and leap to the desired level; the crowd holds its breath as if watching a suspended act in a theater of risk.

BNB price prediction

BNB (BNB) rebounded off the 20-day EMA of 957, a sign, perhaps, that the sentiment remains feverish and buyers seek a dip as if it were a sacrament. The bulls will push to breach the 1,083 resistance; if successful, the next target may be 1,187, a number that promises altitude but also more spectators at the edge of fear.

Yet if price turns down from that overhead hurdle or from near the 20-day EMA, the bears may gain sway, signaling a retreat to the 50-day SMA at 882. The theater would then echo with sighs and the clatter of coins dropped in despair. 😬

Solana price prediction

Solana (SOL) slipped below the uptrend line on Wednesday, and the bulls are scrambling to halt the fall at the 50-day SMA of 206. The sellers would like to push below this line to 185 and then 175, prolonging the labyrinth of a range that has stretched from 110 to 260 for days, as if time itself had trouble deciding what to do. 😅

Alternatively, a break above the 20-day EMA would breathe life into a dip-buying chorus, and the bulls would aim for 260, a fortress where the bears are expected to mount a counter-attack with all the gravity of a storm.

Dogecoin price prediction

Dogecoin (DOGE) finds support at the 50-day SMA of 0.23, a stubborn fortress where bulls defend with the stubbornness of a crowd that has nothing to lose. A relief rally faces selling at the 20-day EMA of 0.25, and a sharp drop from there could send DOGE/USDT toward 0.21, trapping the range between 0.14 and 0.29 for a while longer. 🤡

However, a break above the 20-day EMA would reveal demand at lower levels, and the bulls would press the price toward 0.29, a line critical for the bears to hold. Break above 0.29, and the path opens to 0.35 and then 0.44, a bold ascent that may reveal more about the crowd’s faith than about the coins themselves.

Cardano price prediction

Cardano (ADA) sees buyers defending 0.78, but relief rallies tend to be met with tired hands that want to retreat into safety. If the price turns down from the 20-day EMA at 0.86, the bears will try again to push ADA/USDT below 0.78, threatening a fall to 0.68 and the quiet of a mind undone by fear.

But the faithful will attempt to shove the price back into the triangle, trapping the aggressive bears. If they succeed, the move could gain momentum above the triangle’s resistance toward 1.02, a symbolic gateway to a brighter illusion. 😏

Hyperliquid price prediction

Hyperliquid (HYPE) sank below the uptrend line on Tuesday, a sign that the bulls are exiting in a hurry, perhaps in search of a quieter life. The 20-day EMA at 50.67 has begun to turn down, and the RSI hovers near 41, suggesting the peak may be behind us for now. The bears will attempt to halt any recovery at the 20-day EMA; if they succeed, the price could retreat to 40 and then 35, a descent that would not surprise anyone who has learned to distrust rallies. 😬

This bleak prophecy would be overturned if the bulls manage to hold above the 20-day EMA, and then the pair could retest the all-time high around 59, a cruel reminder that cycles love a dramatic encore.

Chainlink price prediction

Chainlink (LINK) has seen buyers defend the uptrend line, yet a robust bounce remains elusive, as if the crowd dithers between hope and fear. The moving averages have issued a bearish crossover, and the RSI sits in the negative, a bearish whisper in the hall. Any recovery could stall at 20-day EMA (23.11). If the price slides below the uptrend line, the bears re-enter the stage and the LINK/USDT pair could descend to 18.

To seize the narrative, buyers must drive LINK above the downtrend line, a feat that would lift the pair toward the 27 ceiling of resistance.

Avalanche price prediction

Avalanche (AVAX) rebounded from the 20-day EMA of 30.71, but could not clear the 36.17 barrier on Tuesday, a stubborn obstacle indeed. The bulls still show a shimmer of life, with the 20-day EMA trending upward and the RSI in overbought territory, suggesting the path of least resistance remains upward-though the social mood will not forgive a stumble. If buyers press above 36.17, the AVAX/USDT pair could surge to 39.49 and then to 45, as if destiny itself had a preference for dramatic turns. 😊

The first warning would be a break and close below the 20-day EMA, a signal that the short-term traders are booking profits. In that case, AVAX could slip to 27.38, and the theater would again lean toward tragedy rather than triumph.

2025-09-24 22:37