Standard Chartered’s Geoffrey Kendrick is doubling down on a bullish outlook for Bitcoin, forecasting the cryptocurrency will hit $120,000 in the second quarter of 2025 before rising toward $200,000 by the end of the year. In a note published April…

Bitcoin to reach $120k in Q2, $200k by end of 2025: Standard Chartered

**Key points:**
 * Bitcoin continues to face resistance at $95,000, but the possibility of an upside breakout remains high.
 * Solid spot Bitcoin ETF inflows do not always signal a short-term top.
 * Select altcoins are showing early signs of a short-term trend change.
Bitcoin (BTC) pierced the $95,000 resistance on April 28, but the bulls are 
struggling to sustain the higher levels. This suggests that the bears have not 
given up and are trying to defend the level. A minor positive in favor of the 
bulls is that they have not ceded much ground to the bears. That improves the 
prospects of a move toward $100,000.
Another positive is that institutional demand seems to be back, as seen from 
the solid $3.06 billion in net inflows into US spot Bitcoin exchange-traded 
funds last week. Although some instances of high spot Bitcoin ETF inflows have 
led to short-term price tops, that has not always been the case. Hence, the 
high Bitcoin ETF inflows alone cannot be considered a reason to turn negative.
_Crypto market data daily view. Source:__Coin360_
Hedge fund founder Dan Tapiero said in a post on X that the Federal Reserve is 
unlikely to ignore the macro data signaling a rapid slowdown ahead. He expects 
increasing market liquidity to catapult Bitcoin to $180,000 before the summer 
of 2026.
What are the essential levels to watch out for in Bitcoin and altcoins? Let&#8217;s 
analyze the charts of the top 10 cryptocurrencies to find out.
## S&amp;P 500 Index price prediction
The S&amp;P 500 Index (SPX) made a strong comeback last week and rose above the 
20-day exponential moving average (5,415).
_SPX daily chart. Source: Cointelegraph/TradingView_
The index could reach the 50-day simple moving average (5,623), which is 
likely to act as a minor hurdle. If buyers overcome it, the recovery could 
extend to 5,800. Sellers are expected to mount a strong defense at the 5,800 
level.
Time is running out for the bears. If they want to make a comeback, they will 
have to swiftly pull the price back below the 20-day EMA. If they do that, the 
index could descend to 5,300 and then to 5,119.
## US Dollar Index price prediction
The US Dollar Index (DXY) plunged below the 99 level on April 21, but the 
bears could not maintain the lower levels.
_DXY daily chart. Source: Cointelegraph/TradingView_
However, a minor positive in favor of the bears is that they have not allowed 
the price to rise above the 100.27 overhead resistance. That suggests demand 
dries up at higher levels. The downsloping moving averages and the relative 
strength index (RSI) in the negative zone indicate that the bears have an 
edge. If the price skids below 99, the index may retest the 97.92 level.
The bulls will have to push and maintain the price above the 20-day EMA 
(100.76) to indicate that the selling pressure is reducing. The index may then 
surge toward the 50-day SMA (103.43).
## Bitcoin price prediction
Bitcoin continues to face stiff resistance at $95,000, but the tight 
consolidation near the crucial level increases the likelihood of a break above 
it.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($89,093) and the RSI near the overbought zone 
indicate that the bulls are in control. A close above $95,000 could open the 
gates for a rally to $100,000. Sellers are expected to vigorously defend the 
$100,000 level, but on the way down, buyers will try to arrest the decline at 
$95,000.
This optimistic view will be invalidated in the near term if the price turns 
down and plunges below the 20-day EMA. That could sink the BTC/USDT pair to 
the 50-day SMA ($85,085).
## Ether price prediction
Ether (ETH) closed above the 50-day SMA ($1,792) on April 26, but the bulls 
could not maintain the momentum.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($1,719) is the vital support to watch out for on the downside. 
If the price bounces off the 20-day EMA with strength, the bulls will try to 
push the ETH/USDT pair toward the breakdown level of $2,111. Sellers are 
expected to defend the $2,111 level with all their might because a break above 
it may catapult the pair to $2,550.
On the downside, a break and close below the 20-day EMA suggests that the 
bears remain in control. The ETH/USDT pair may then descend to $1,537.
## XRP price prediction
XRP (XRP) turned up from the 20-day EMA ($2.15) on April 27, signaling a 
positive sentiment.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The XRP/USDT pair could reach the resistance line, which is a crucial level to 
watch out for. A break and close above the resistance line indicates a 
potential trend change. The pair could then rally to $3.
On the contrary, if the price turns down sharply from the resistance line and 
breaks below the moving averages, it suggests that the bears are aggressively 
defending the level. That could keep the pair stuck between the resistance 
line and $2 for a few more days.
## BNB price prediction
Buyers have managed to keep BNB (BNB) above the moving averages but are 
struggling to start a strong rebound.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
The flattish 20-day EMA ($597) and the RSI just above the midpoint do not give 
a clear advantage either to the bulls or the bears. Buyers will have to push 
the price above $620 to gain the upper hand. That could open the doors for a 
rally to $644 and subsequently to $680.
Alternatively, a break and close below the moving averages will strengthen the 
bears. The BNB/USDT pair may drop to $576 and then to $566, where the buyers 
are expected to step in.
## Solana price prediction
Solana (SOL) is facing resistance in the $148 to $153 zone, but a positive 
sign is that the bulls have not given up much ground.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($139) and the RSI in the positive territory indicate 
the path of least resistance is to the upside. A break and close above $153 
clears the path for a rally to $180.
Sellers will have to pull the price below the 20-day EMA to weaken the bullish 
momentum. The SOL/USDT pair may then slump to the 50-day SMA ($130), 
suggesting a range formation in the near term.
_**Related:**__**Bitcoin could hit $210K in 2025, says Presto research head**_
## Dogecoin price prediction
Dogecoin (DOGE) has dropped to the moving averages, signaling that the range- 
bound action may continue for a while. 
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
If the price rebounds off the moving averages with strength, the bulls will 
attempt to kick the DOGE/USDT pair above the $0.21 resistance. If they can 
pull it off, the pair will complete a double-bottom pattern, which has a 
target objective of $0.28.
Instead, if the price turns down from $0.21, it suggests that the pair may 
extend its stay inside the range. The bears will gain the upper hand if they 
sink the price below the $0.14 support.
## Cardano price prediction
Cardano (ADA) has remained above the moving averages, indicating that the 
bulls are buying the dips.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
The moving averages are about to complete a bullish crossover, and the RSI is 
in the positive zone, indicating a slight advantage for the bulls. There is 
minor resistance at $0.75, but if the level is crossed, the ADA/USDT pair 
could surge to $0.83.
The first sign of weakness will be a break and close below the moving 
averages. That suggests the bears remain sellers on rallies. The pair could 
then drop to $0.58, which is likely to act as support.
## Sui price prediction
Sui (SUI) has been trading just below the $3.90 resistance, indicating that 
the bulls have kept up the pressure.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
That increases the likelihood of a rally above the overhead resistance. If 
that happens, the SUI/USDT pair could start the next leg of the uptrend to 
$4.25 and later to $5.
Contrary to this assumption, if the price turns down from the overhead 
resistance and breaks below $3.35, it signals that the bulls are booking 
profits. That could pull the price to the 38.2% Fibonacci retracement level of 
$3.14 and then to the 20-day EMA ($2.77), which is likely to attract buyers.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Price predictions 4/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

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