Bitcoin and Altcoin Price Predictions: BTC Eyes $130K, ETH Aims for $3K – Market Analysis 5/16

In the world of cryptocurrency, Bitcoin (BTC) has been consolidating between $100,718 and $105,819, showing a balance between supply and demand. A key level to watch is $105,000, as a close above it could trigger a rally to $130,000. Market intelligence firm Santiment noted that retail traders’ impatience to see Bitcoin rise above $105,000 historically signals a bullish trend. On the other hand, failure to surpass the all-time high of $109,588 may lead to short-term profit booking, risking a breakdown below $100,000. Meanwhile, Ether (ETH) is finding support at $2,550 and could resume its upward movement if it breaks above $2,750, targeting $3,000. XRP, BNB, SOL, DOGE, ADA, SUI, LINK, and AVAX also show various price predictions based on technical analysis. For instance, Cardano (ADA) faces resistance at $0.86, with potential to surge to $1.01 if bulls maintain control. Lastly, potential price movements for SUI, LINK, and AVAX are also analyzed, providing insights for traders and investors. This article does not provide investment advice, so readers are encouraged to conduct their own research before making any financial decisions.

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