Key points:

Bitcoin (BTC) remains at risk of falling to $100,000, but the long-term picture remains intact.

The focus shifts to select altcoins, which are on track to rise above their respective overhead resistance levels.

Bitcoin is trading near the $105,000 level, but the failure of the bulls to sustain the bounce on June 3 suggests a lack of demand at higher levels. This could propel Bitcoin towards the crucial psychological support at $100,000.

Analyst Willy Woo cautioned that buying Bitcoin in six figures may not be advisable in the short term, but it will likely be “one of the best investments you'll see in your investment career” within the next 10 years.

Another bullish perspective came from Sygnum Bank. In its Monthly Investment Outlook, the bank's analysts noted that institutional adoption and the emergence of Bitcoin acquisition vehicles have led to a 30% reduction in Bitcoin's liquid supply. This, in turn, could set the stage for “conditions for demand shocks and upside volatility.”

Could Bitcoin plummet to $100,000, dragging altcoins down with it? Let's analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin is engaged in a close battle with the bears near the 20-day exponential moving average at $105,347.

If the buyers manage to push and sustain the price above $106,800, it will strengthen their position. This move could clear the path for a rally towards the $109,588 to $111,980 overhead resistance zone. Sellers are expected to fiercely defend this zone as a break above it could propel the BTC/USDT pair towards $130,000.

However, if the price drops below the 20-day EMA, it will increase the chances of a decline to the crucial support at $100,000.

Ether price prediction

Ether (ETH) bounced off the 20-day EMA at $2,528 on June 2, indicating that the sentiment remains positive and traders are buying on dips.

The bulls will try to strengthen their position by pushing the price above the $2,738 resistance. If successful, it could pave the way for the ETH/USDT pair to rally towards $3,000 and subsequently to $3,153.

Time is running out for the bears. To make a comeback, they will need to fiercely defend the $2,738 resistance and pull the price below the 20-day EMA. This move could sink the pair towards $2,323.

XRP price prediction

XRP has risen to the moving averages, where the bulls are expected to encounter selling pressure from the bears.

If the price turns down sharply from the moving averages, it could lead the XRP/USDT pair towards likely strong support at $2. A significant rebound from $2 suggests that the range-bound action may continue for a while longer.

Alternatively, if buyers manage to propel the price above the moving averages, it could set the stage for a rally towards the $2.65 overhead resistance. Sellers are expected to defend the $2.65 level, but if the bulls prevail, the pair may jump towards $3.

BNB price prediction

BNB rose and closed above the 20-day EMA at $661 on June 1. Sellers attempted to pull the price back below the 20-day EMA on June 3, but the bulls successfully defended the level.

The BNB/USDT pair could now rally towards $693, which is likely to provide stiff resistance. If the bulls maintain their pressure and break through $693, it could set the stage for a rally towards $732 and eventually to $761.

Conversely, if the price drops sharply from $693 and breaks below the 20-day EMA, it signals a possibility of range-bound action in the short term. The pair may swing between $634 and $693 for a few more days.

Solana price prediction

Buyers attempted to push Solana (SOL) above the 20-day EMA at $163 on June 3, but the bears managed to hold them back.

A minor positive factor in favor of the bulls is that they did not allow the price to dip below the $153 support. The bulls will again try to propel the price above the 20-day EMA, which could open the door for a rally towards $185.

On the other hand, if the price drops from the 20-day EMA once again, it increases the risk of a break below the $1