Bitcoin (BTC) is in a fierce battle between bulls and bears near $25,000. A clear winner may not emerge in the short term. The reason is that there is no trigger and no major macroeconomic data due in the US this week. Data points from Asia or Europe may increase volatility, but are unlikely to initiate new directional movements.
Anthony Scaramucci, founder and managing partner of SkyBridge Capital, advised investors to navigate through the current cryptocurrency uncertainty and be patient and stay for the long term in an interview with CNBC. . He expects Bitcoin to show a sharp upward trend over the next six years, which will bring significant returns to investors.

Alongside Bitcoin, investors are also eyeing Ether (ETH) ahead of a merger scheduled for Sept. 15. August 14th he Ether. This has led some to speculate that Whale may sell his holdings after the merger, while others believe the transfer may have been made to stake his huge amount of Ether.
Could buying show up at low levels and resume the rally for bitcoin and altcoins? Let’s explore the charts of the top 10 cryptocurrencies to find out.
BTC/USDT
The bulls attempted to resume Bitcoin’s rally, but the bears sold aggressively at $25,211, driving the price down to the 20-day exponential moving average (EMA) ($23,483). This formed an intraday candlestick pattern on August 15th.

The gradually rising 20-day EMA and the Relative Strength Index (RSI) in the positive territory show the favor for buyers. If the price bounces off his 20-day EMA, it suggests that the bulls have fallen to this level. This could increase the chances of a breakout and close above $24,668.
If so, the pair could start moving north towards $28,000 and the bears could once again pose a strong challenge.
Another possibility is that the bears will drop the price below the 20-day EMA. In that case, the pair could fall to the 50-day Simple Moving Average (SMA) ($22,037) and then to the uptrend line.
Ethereum/USDT
Over the past two days, Ether has repeatedly breached the $2,000 psychological resistance, but the bulls have failed to sustain the higher levels. This suggests that the bears have a tough challenge at this level.

The ETH/USDT pair could drop to the $1,700 breakout level. This is an important level to watch out for as the bulls turn support at $1,700 to increase the likelihood of a breakout of $2,000. In that case, the pair could rise to the downtrend line.
The rising 20-day EMA ($1,756) and RSI in positive territory show that the bulls are in control. To invalidate this bullish view, the bears need to sink and sustain the price below his 20-day EMA. A drop to the 50-day SMA ($1,465) is possible.
BNB/USDT
BNB’s gains hit a hurdle at the overhead resistance of $338. The bears will try to sink the price to the immediate support at the 20-day EMA ($306).

If the price bounces off this support, buyers will try to push the BNB/USDT pair above the $338-$350 resistance zone. The uphill 20-day EMA and RSI in the positive territory indicate that the path of least resistance is going up.
This positive view may be invalidated in the short term if the price falls below the 20-day EMA. If so, the short-term trader could make a quick exit and the pair could move to the 50-day SMA ($266).
XRP/USDT
The bulls attempted to push XRP above the overhead resistance of $0.39 on August 13 and 14, but the bears held their ground. This may have attracted profit-taking from short-term traders who have driven the price below his 20-day EMA ($0.37).

If the bears break below the 50-day SMA, the XRP/USDT pair can remain range bound between $0.30 and $0.39 for some time. The flat 20-day EMA and RSI near the midpoint also suggest a near-term consolidation.
Conversely, if the price bounces off the moving averages, it indicates that the lower levels are attracting buyers. The bulls will try to clear the overhead hurdle again, pushing the currency pair to $0.48 and then to $0.54.
ADA/USDT
The bulls pushed Cardano (ADA) above the overhead resistance of $0.55 on Aug 13, but failed to sustain the momentum on Aug 14.

The price fell on August 15th, reaching the $0.55 breakout level. The zone between $0.55 and the 20-day EMA ($0.53) is likely to attract strong buying by the bulls. If the price bounces out of this zone, the buyers will try to move higher again, pushing the ADA/USDT pair to $0.63 for him and then $0.70 for him.
Conversely, if the price falls below the 20-day EMA, the breakout above $0.55 could have been a bullish trap. After that, the pair could fall to the 50-day SMA ($0.49).
Sol/USDT
Solana (SOL) climbed to the overhead resistance of $48 on Aug 13, but the bulls failed to overcome this barrier. The bulls tried to clear the overhead hurdle again on his Aug. 15, but the bears relented.

If the SOL/USDT pair breaks down of the 20-day EMA ($42), the next stop could be the support line. This is a key level for the bulls and a close below it could invalidate the bullish ascending triangle pattern. After that, the pair can drop to $32.
Conversely, if the price bounces off the 20-day EMA, the bulls will try to push the pair above $48 again. If it does, it completes a bullish setup and the currency pair could rise to his $60 level.
Doge/USDT
Dogecoin (DOGE) bounced back at the 20-day EMA ($0.07) on Aug 12 and broke above the overhead resistance at $0.08 on Aug 14.

The bears sold high, pulling the price back below the breakout level on 15th August. A minor plus is that the low levels are attracting buyers as seen by the long tail of the candlesticks on the day. If the price sustains above his $0.08, the buyers will resume the rally, pushing DOGE/USDT his pair to $0.10.
Contrary to this assumption, a bullish setup is invalidated when the price breaks below the moving averages and the trendline of the triangle. After that, the pair could fall to $0.06.
Related: Crypto-focused Venture Dragonfly Acquires Hedge Fund: Bloomberg
Dot/USDT
Polkadot (DOT) broke above the overhead resistance at $9.65 on Aug 13, but the bulls failed to sustain the higher levels. This may have driven short-term traders to take profits.

The DOT/USDT pair broke below the breakout level of $9 on Aug 14 and the price reached the 20-day EMA ($8.63) on Aug 15. A weakening of bullish momentum. The pair can then drop to the 50-day SMA ($7.68) and remain range bound for some time.
Alternatively, if the price bounces off the 20-day EMA, the bulls will try to clear the overhead resistance at $9.68. If they manage to pull it off, the pair can move up to $10.80 and then to $12.44.
SHIB/USDT
The Shiba Inu (SHIB) has been trading above $0.000012 since August 7, but the move up has failed to pick up momentum. That changed with a sharp rally on August 14, pushing the price above his overhead resistance of $0.000017.

But the bear hasn’t given up. They sold above his $0.000017 level, driving the price below the level on Aug. 15. If the price rebounds from either level, buyers will try to clear the overhead hurdles again. If successful, the pair could rally to $0.000022.
Conversely, if the price breaks below $0.000014, it indicates that the pair may move in a large range between $0.000010 and $0.000018 for a few more days.
AVAX/USDT
Buyers attempted to push the Avalanche (AVAX) above the overhead resistance on Aug 13, but the bears stalled the attempt at $30.35. This suggests that bears are operating at a higher level.

The AVAX/USDT pair can drop to the breakout level at $26.38, just above the 20-day EMA ($26.34). The bulls are expected to defend this level vigorously. A rebound from his $26.38 would indicate demand at lower levels. After that, the price could consolidate between $26.38 and $31 for some time.
A break below $26.38 will likely trap some aggressive bulls. That could sink the pair to his 50-day SMA ($22.39).
Conversely, if the price bounces off the current levels and rises above $31, a rally to $33 and then to the pattern target of $39.05 is possible.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph. All investment and trading movements involve risk. You should do your own research when making a decision.
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