Analisis Harga dan Prediksi Cryptocurrency 8/6
Price Analysis Price predictions 8/6: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI by Rakesh Upadhyay /news/price-predictions-8-6-btc-eth-xrp-bnb-sol-doge-ada-hype-xlm-sui

Bitcoin Stuck in Tight Range, Analysts Expect Breakout in the Next Few Days

Bitcoin has been trading in a tight range between $112,000 and $115,720 for the past few days, indicating indecision between the bulls and the bears about the next directional move. Although the cryptocurrency's near-term price action is not instilling confidence in some analysts, Fundstrat co-founder and BitMine Chairman Tom Lee remains bullish, predicting that BTC could surge to $200,000 or even $250,000 by the end of the year.

In the meantime, buyers have not ceded much ground to the bears in Ether, suggesting the continuation of the rally. Meanwhile, other altcoins such as XRP, BNB, Solana, and Dogecoin are experiencing range-bound action, with the lines between the 20-day and 50-day simple moving averages (SMAs) acting as key levels.

In terms of breakout levels, buyers will gain the upper hand if they drive and maintain the price above the 20-day SMA for BTC, while sellers will gain the upper hand if the price turns down and breaks below the 50-day SMA. For other cryptocurrencies, similar scenarios are expected to play out, with buyers and sellers battling for control around key moving averages and support levels.

Analysts at Bitfinex expect the cryptocurrency markets to enter a period of consolidation, but added that new macro triggers or increased inflows into crypto exchange-traded funds could decide the direction of the next move.

For the time being, investors and traders will need to continue monitoring the charts of their preferred cryptocurrencies, awaiting a breakout or a drop that will signal the next leg of the market's journey.