Traders Baffled: Will Bitcoin Burst Past $100K or Just Order More Vodka?

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Key points:

  • If Bitcoin continues to loaf about above the 20-day EMA (a mysterious figure lurking at $92,000), the mood amongst crypto enthusiasts may remain inexplicably sunny.

  • Some altcoins, in their infinite wisdom, are scribbling bullish hieroglyphs all over the charts—both during the day and in the dead of night.

Bitcoin (BTC), having flexed over the weekend like a burly merchant at the Moscow fair, has sauntered back to loiter at $95,000—the scene of its previous escapade. The bulls must now defend this patch of digital turf with the tenacity of a retired general who’s lost his pension.

Timothy Peterson, who wears the prestigious monocle of Bitcoin Network Economist, declared on X (formerly the town crier’s platform), that BTC might soar to a mythic $135,000—presumably after drinking a very strong tea—if a trio of unlikely events occur: the CBOE Volatility Index falls to the level of a bored nobleman at a dull party (that is, under 18), interest rates descend from their lofty tower, and, crucially, June and July perform better than the Bolshoi in spring. 🎭

Meanwhile, the market lurches in anticipation of the Federal Reserve’s interest rate decree—a drama fit for Gogol himself. CME Group’s seers gaze sternly into their FedWatch Tool (a remarkable device no one understands) and declare a rate cut on May 7 about as likely as a bureaucrat being early to work—but who’s counting?

Will Bitcoin cling to $95,000 like a tax collector clings to paperwork? If so, let us, with trembling fingers and much theatrical whispering, peer at the charts to see which coins might next strut upon the stage.

Bitcoin price prediction

Having triumphant dreams above $95,000 on May 1, BTC immediately tripped and fell from $97,895, embarrassing itself publicly. Now, the question is whether our bullish heroes can hold the line—or if this was yet another bull trap, like those delightful bureaucratic snares set in Petersburg back in the day.

The 20-day EMA slopes kindly upward, echoing the hopeful quill of a young civil servant penning a love letter, while the RSI swings merrily in optimistic territory. Should the price bounce between $95,000 and EMA, the bulls may try again for the elusive $100,000 (and perhaps finally afford a new overcoat).

Break below the 20-day EMA, however, and—oh, horror!—the bullish party may have been nothing but smoke and mirrors, with a brisk drop to the 50-day simple moving average at $86,682 looming like a cold Petersburg winter.

On the 4-hour chart, the moving averages have become as flat as stale blini, and the RSI is loitering in no-man’s-land. Should BTC fumble and slip below $95,000, it could tumble to $92,800 and thence to $91,660—a veritable Russian novel in price action. But should the buyers summon their courage and hold above $97,895, we may see a frantic scramble toward $100,000 and perhaps even $107,000, if the fates and the Fed allow.

Hyperliquid price prediction

Hyperliquid (HYPE), full of its own importance, meets resistance at $21.50. Yet the bulls, like stubborn postmen, refuse to cede a single inch to the bears.

The 20-day EMA leans upward at $18.48, the RSI flirts outrageously with overbought, and HYPE dreams of breaking above $21.50—whereupon it might gallop giddily to $25, or even $27.50, unless, of course, a skeptical mother-in-law (otherwise known as the short-term bulls) decides to book profits. Should HYPE break below EMA, it may fall to $17.35, where it will likely weep inconsolably until better days come.

Bears defend $21.50 with bureaucratic fervor, but the bulls, as relentless as a Petersburg rumor, hold the price above 20-EMA on the 4-hour chart. Should the price leap from here, it may soon challenge that notorious resistance again. If, instead, HYPE cracks below the 20-EMA, the 50-SMA stands as the last line of defense before a possible descent into despair (and back to $17.35).

AAVE price prediction

Aave (AAVE) turned upward on April 30, perhaps after a fortifying lunch, signaling that the mood is shifting and traders are buying the dips with the enthusiasm of hungry students storming the cafeteria.

The bulls aim for $196 like a small-town official eyeing St. Petersburg. If rejected, but still held by the comforting arm of the 20-day EMA, a breakout above resistance grows more likely, ushering AAVE toward $220 or even $240—unless the bears drag it below the moving averages, where it may collapse dramatically to $130 and require therapy.

Currently, AAVE faces selling at $180. Yet, so long as the price hovers loyally above the moving averages, a turnabout and surge past $180 remains possible, with $190 as a minor obstacle, easily toppled. Should the price break under 50-SMA, however, the dream unravels, and we tumble toward $155, even $150, with all the grace of an inebriated functionary.

Render price prediction

Render (RNDR) buyers, not to be outfoxed, attempted to breach $4.87 on May 2, but the bears, posting like gatekeepers at a provincial inn, said: “Not today, товарищ.”

Has RNDR run out of steam? The bulls will likely assemble their ragtag army at the 20-day EMA ($4.31) for a spirited defense. Should they rebound, a break above $4.87 becomes plausible, with $6.20 as the next waypoint, whereupon they’ll probably toast with suspiciously strong kvass. Failure to hold, though, and the bears might drag the price down to the 50-day SMA ($3.80), or even $3.55, with much muttering about “the good old days.”

RNDR lingers near the $4.22 support. Should it bounce, this signals indecision—expect more aimless meandering between $4.22 and $4.87 than a clerk lost in archives. However, a tumble below $4.22 could see the price heading for $3.88, the crypto equivalent of being transferred to the provinces.

Fetch.ai price prediction

Fetch.ai (FET) was repelled by the uncaring majesty of $0.84 and has limped to the 20-day EMA ($0.65), hoping for sympathy or at least a cup of tea.

The bulls will attempt to halt this melancholy descent by standing bravely at the 20-day EMA—should it succeed, expect a rally to $0.84 and victory songs. Breach that, and $1.09 beckons like the aroma of fresh pastries. If the bears instead drag it below the EMA, $0.54 (the 50-day SMA) becomes the next shelter, where buyers may try to regroup.

The pair now rests on the crucial $0.67 support, like a student before finals. Should the price bounce, the bears will likely attempt to stop the rally at the moving averages. If this opposition prevails and the price dips below $0.67, one can expect a further slump to $0.60, where hope becomes elusive. Alternatively, a show of strength above the moving averages may suggest a period of sideways wandering between $0.67 and $0.80, with upward motion resuming upon a break above $0.80—at which point, Gogol himself might put down his pen and invest.

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2025-05-05 04:30