Bitcoin Price Prediction: Crucial Levels to Watch on April 28

Welcome to your daily market analysis! Today, April 28, we’re diving into the latest price predictions for major assets, including the crucial levels impacting the market. Whether you’re tracking the leading cryptocurrency, Bitcoin, or exploring the potential of various altcoins, understanding these key price points is essential for navigating the current landscape.

What’s Happening with Bitcoin Price Prediction?

Bitcoin (BTC) faced resistance around the $95,000 mark on April 28. While bulls pushed above this level briefly, maintaining the higher price proved challenging. This suggests bears are actively defending $95,000. However, the fact that buyers haven’t given up much ground is a positive sign, potentially setting the stage for a move towards $100,000.

Institutional interest appears strong, with significant net inflows into US spot Bitcoin ETFs last week ($3.06 billion). Although high ETF inflows can sometimes coincide with short-term tops, this isn’t always the case and shouldn’t be the sole reason for a negative outlook.

Looking ahead, some analysts remain very optimistic. Hedge fund founder Dan Tapiero recently suggested increasing market liquidity could propel Bitcoin to $180,000 by mid-2026, citing macro data indicating a potential economic slowdown.

Key Bitcoin levels to watch:

• **Resistance:** $95,000 and $100,000. Sellers are expected to be active at $100,000.
• **Support:** The 20-day EMA ($89,093) and $95,000 (if broken and held). Below that, the 50-day SMA ($85,085).

The upsloping 20-day EMA and high RSI indicate bulls currently have the advantage. A sustained close above $95,000 would confirm strength, while a drop below the 20-day EMA would signal weakness.

Beyond Crypto: SPX and DXY Outlook

While our focus is primarily on crypto price prediction, it’s useful to consider broader market indicators:

• **S&P 500 Index (SPX):** The SPX recovered strongly, moving above its 20-day EMA (5,415). It could target the 50-day SMA (5,623) and potentially 5,800. Bears need to push the price back below the 20-day EMA to regain control, potentially leading to declines towards 5,300 and 5,119.
• **US Dollar Index (DXY):** The DXY dipped below 99 but found buying support. Bears are preventing a rise above 100.27. Downward sloping moving averages and a negative RSI suggest bears have an edge. A break below 99 could see a retest of 97.92. Bulls need to break above the 20-day EMA (100.76) to signal reduced selling pressure.

Exploring Altcoin Price Prediction

Several altcoins are showing interesting technical setups. Here’s a look at the price prediction for some top contenders:

Ethereum Price Prediction (ETH)

Ether (ETH) closed above its 50-day SMA ($1,792) recently but couldn’t hold momentum. The 20-day EMA ($1,719) is key support. A bounce here could lead to a test of the $2,111 breakdown level. A break above $2,111 could target $2,550. Conversely, a close below the 20-day EMA suggests bears are in control, potentially pushing ETH towards $1,537.

XRP Price Prediction (XRP)

XRP (XRP) bounced from its 20-day EMA ($2.15), showing positive sentiment. The pair is approaching a crucial resistance line. A break and close above this line could signal a trend change and a rally towards $3. If XRP turns down from the resistance line and breaks below moving averages, it could remain range-bound between the resistance line and $2.

BNB Price Prediction (BNB)

BNB (BNB) is holding above moving averages but lacks strong upward momentum. A flat 20-day EMA ($597) and neutral RSI suggest indecision. Bulls need to break above $620 to target $644 and $680. A break below moving averages would strengthen bears, potentially leading to drops towards $576 and $566.

Solana Price Prediction (SOL)

Solana (SOL) faces resistance between $148 and $153. Bulls are holding ground, which is positive. The upsloping 20-day EMA ($139) and positive RSI favor the upside. A break above $153 could pave the way for a rally to $180. Bears need to push SOL below the 20-day EMA to weaken momentum, potentially leading to a range between the 20-day EMA and the 50-day SMA ($130).

Dogecoin Price Prediction (DOGE)

Dogecoin (DOGE) is near its moving averages, suggesting potential range-bound action. A strong bounce from moving averages could see bulls attempt to break the $0.21 resistance. Success here could complete a double-bottom pattern targeting $0.28. If DOGE turns down from $0.21, the range could persist. Bears gain control below the $0.14 support.

Cardano Price Prediction (ADA)

Cardano (ADA) remains above its moving averages, indicating buyers are active on dips. Moving averages nearing a bullish crossover and a positive RSI suggest a slight bullish edge. Minor resistance is at $0.75; a break above could see ADA surge to $0.83. A break below moving averages would signal weakness, potentially dropping to the $0.58 support.

Sui Price Prediction (SUI)

Sui (SUI) is trading just below the $3.90 resistance, indicating sustained pressure from bulls. This increases the chance of a break above $3.90, which could start a rally to $4.25 and then $5. If SUI turns down from $3.90 and breaks below $3.35, it suggests profit booking, potentially pulling the price to the $3.14 Fibonacci level or the 20-day EMA ($2.77).

Summary: Watching the Levels

Today’s market analysis highlights crucial levels for Bitcoin and various altcoins. While Bitcoin faces resistance, underlying demand and positive technicals suggest potential for upside. Altcoins like Ethereum, XRP, BNB, SOL, DOGE, ADA, and SUI each have specific levels to watch for potential trend continuation or change. Staying informed about these key price points is vital for making informed decisions in the dynamic crypto market.