Bitcoin BTCUSD has remained relatively stable over the weekend, suggesting that both bulls and bears are poised for their next move. While near-term uncertainties persist among traders, analysts maintain a bullish outlook for the long term.
Market analyst Gert van Lagen emphasized that Bitcoin’s breakout from a megaphone pattern could initiate a parabolic climb toward the $270,000-$300,000 range by 2025. Additionally, analyst apsk32 forecasts that Bitcoin may mirror gold’s rally, potentially reaching $400,000.
Although analysts expect a significant upward movement in Bitcoin’s price, opinions are divided regarding the onset of an altcoin season. The rapid launch of new altcoins tends to dilute liquidity among various tokens. According to CoinGecko co-founder and COO Bobby Ong, 600,000 new tokens were created in January alone, a drastic increase from the approximately 50,000 monthly tokens introduced in 2022-2023.
Could Bitcoin break free from the narrow trading range it has been entrapped in over the past few days? Let’s examine the leading cryptocurrencies that might experience upward momentum if such a breakout occurs.
Bitcoin price analysis
Bitcoin is encountering resistance at the moving averages; however, a promising sign is that bulls haven’t yielded significant ground to bears.
This scenario increases the likelihood of a breakout above the moving averages. The $100,000 resistance is anticipated to be challenged, albeit it’s expected to be surpassed. The 
BTCUSDT pair could surge to $102,500 and subsequently to $106,500.
If the bears aim to curb the upward movement, they will need to push the price below the immediate support at $94,000. That could potentially lower the pair to solid support at $90,000. Buyers are anticipated to staunchly defend the $94,000 level, as a breach below it would complete a bearish double-top pattern. The next support on the downside lies at $85,000.
The pair has been oscillating within a narrow range between $98,500 and $94,800. The moving averages have leveled out, and the relative strength index (RSI) hovers just below the midpoint, signifying a balance in supply and demand. Buyers will need to push the price above $98,500 to unlock the potential for a rally toward $102,200.
Conversely, if the price continues to decline and breaks below the moving averages, it might imply that the pair could remain within this tight range longer. A breach below $94,000 will shift the short-term trend in favor of the bears.
XRP price analysis
XRP 
XRPUSD has developed a symmetrical triangle pattern, indicating caution among bulls and bears.
The 20-day exponential moving average ($2.64) has begun a gradual upward trend, and the RSI is positioned in the positive range, suggesting a minor advantage for the bulls. The XRPUSDT pair might rise to the downtrend line, anticipated to pose stiff resistance. Buyers must maintain the price above the triangle to seize control.
Should the price retreat and break below the moving averages, it will indicate that the pair may remain within the triangle for a prolonged period.
Both moving averages are trending upwards on the 4-hour chart, with the RSI in the positive zone, indicating support for the bulls. A break and close above $2.84 could pave the way for a rally towards the downtrend line.
On the other hand, a break and close below the 20-EMA might pull the pair down to the 50-simple moving average, suggesting that the pair could linger within the triangle for a longer stretch. Bears will regain control once it breaks below the support line.
Litecoin Token price analysis
Litecoin 
LTCUSD has been fluctuating within a symmetrical triangle pattern, showing buying activity near the support line and selling near the resistance line.
The upsloping 20-day EMA ($118) and the RSI above 57 suggest that buyers have a slight edge. If the price bounces back from the current level or the 20-day EMA, it will indicate buying on dips. The bulls will then attempt to drive the LTCUSDT pair above the triangle. Success in this effort could lead to a rise to $141 and then $147.
Conversely, if there’s a break and close below the 20-day EMA, it would indicate that the pair may fluctuate inside the triangle for a few more days. Should the closing occur beneath the support line, the trend will shift in favor of the bears.
The pair has recently retreated from the resistance line and dropped below the 20-EMA, signaling profit-taking by short-term traders. The bears will attempt to push the price down to the 50-SMA, which remains a critical level for the bulls to defend. If the 50-SMA is breached, the price could tumble to $112.
This pessimistic outlook would be nullified if the price rebounds from the current level or the 50-SMA and surpasses the resistance line, potentially allowing the pair to climb to $147—where bears are likely to put up a formidable fight.
MANTRA price analysis
MANTRA (OM) has been in a robust uptrend; however, the long wick on the Feb. 15 candlestick indicates profit-taking above the $8 mark.
The 
OMUSDT pair is anticipated to find support at the 38.2% Fibonacci retracement level of $7.08, followed by the 50% retracement level at $6.73. A mild pullback will enhance the odds of the uptrend continuation. If the price exceeds $8.20, the pair could skyrocket to $10.
Conversely, a more significant pullback indicates that traders may be exiting positions hastily. The pair might dip to the 20-day EMA ($5.92), an essential support level, as a breach here could plunge the pair to $5.27.
The 4-hour chart reveals that the pair has been trading within a narrow range between $7.35 and $7.82. Should the price rise from the current level and surpass $7.82, the pair could rally to $8.20.
Alternatively, if the price falls below $7.35, we may see a drop to $7.08 and subsequently the 20-EMA. If the price rebounds from the 20-EMA, the pair will attempt to resume its uptrend. Sellers need to decisively lower the price below the 20-EMA to initiate a deeper correction.
Gate Token price analysis
Gate Token (GT) successfully closed above the downtrend line on Feb. 14, signaling a potential bullish comeback.
Nonetheless, sellers are expected to resist. They will attempt to pull the price down below the downtrend line. A rebound from the 20-day EMA ($22.22) will indicate that bulls are buying on minor dips, improving the prospects of a rally towards $26.
Conversely, if the 20-day EMA fails, the GT/USDT pair may tumble to the 50-day SMA ($20.67). This is a pivotal support level, and a breach could open the floodgates for a fall to $17.43.
The pair is currently attempting to find support at the 20-EMA on the 4-hour chart. A bounce off the 20-EMA, along with a clear break above the $24 resistance, could propel the pair to $25 and further to $26.
Conversely, a break and close below the 20-EMA would indicate the onset of a deeper correction towards the 50-SMA. Buyers must robustly defend the 50-SMA, as a breakdown could see the pair slip to $21 and eventually to $20.
This article does not offer investment advice or recommendations. Every investment and trading decision carries risk, and readers are encouraged to conduct their own research before making any decisions.
