Popular Cryptocurrencies: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin (BTC) is currently facing resistance near $69,000, but the bulls are putting pressure. As the price nears the top of the range, the bears are expected to present a significant challenge. Analysts believe that this situation will likely resolve after the outcome of the upcoming elections in the United States.

According to Standard Chartered Bank analyst Geoff Kendrick, Bitcoin could potentially rise to $125,000 by the end of the year if Republicans gain control of the US Congress after the November 5 elections. Another optimistic forecast came from Jeff Park, head of alpha strategies at Bitwise, suggesting that Bitcoin could reach $92,000 if Donald Trump wins the US presidential election.

In addition to Bitcoin, some analysts are optimistic about the potential for an altcoin rally. Analysts at crypto investment firm Hashkey Capital believe that an “altcoin season is more likely” when Bitcoin surpasses $80,000.

Bitcoin has shown resilience by rising from $65,000 on October 23, indicating bullish momentum. The 20-day exponential moving average ($66,086) and the positive relative strength index (RSI) suggest that bulls are in control, increasing the likelihood of a break above $70,000.

Ether (ETH) rebounded to the 50-day SMA ($2,492) on October 25, signaling attempts by bulls to create a higher low. If buyers can push the price past the resistance line, the ETH/USDT pair could target $2,850 and potentially reach $3,400.

Buyers have successfully kept BNB above the 20-day EMA ($587), showing positive sentiment. If the 20-day EMA support is breached, the BNB/USDT pair could drop to the 50-day SMA ($569) and potentially to $527 if bears take control.

Solana (SOL) has turned the breakout level of $164 into support, with resistance near $180. The upward move suggests bullish control, with a potential rally to $189, but a drop below the 20-day EMA could lead to a decline to the 50-day SMA ($147).

XRP rose to $0.51 on October 23 but struggles to hold higher levels, indicating selling pressure. The 20-day EMA ($0.54) is declining, with potential support at $0.50 and resistance at the 50-day SMA ($0.55).

Dogecoin (DOGE) is attempting to stay above the symmetrical triangle pattern breakout level, with potential resistance at $0.15 and support at $0.11. A move below the triangle could signal rejection of the breakout.

The bears are trying to push Toncoin (TON) below the immediate support at $5, with potential downside targets at $4.72 and $4.44. A break above the moving averages could indicate a bullish comeback.

Cardano (ADA) fell below moving averages on October 23, with bears attempting to breach $0.33 on October 25. A drop towards $0.31 could signal range-bound action, while a weak recovery may lead to a further decline to $0.27.

Avalanche (AVAX) faced resistance near the 20-day EMA ($27.37) on October 24, with potential support at the support line and downside targets at $20 and $17. A break below the support line could indicate bearish control.

Shiba Inu (SHIB) is in a battle near the 20-day EMA ($0.000018), with resistance at $0.000020 and potential support at the 50-day SMA ($0.000016). The outcome will depend on whether buyers can maintain control above the EMA.

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