Price Analysis 6/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

While most traders are keenly watching the $10,000 level on BTC and worrying about the next $1,000 move, Plan B, the creator of the stock-to-flow price prediction model, has projected a target of $100,000 for BTC by the end of 2021.

Although the bears are mounting stiff resistance close to $250, the bulls have not allowed the price to dip below the breakout level of $227 which is a huge positive.

On a breakout above $246.916, the ETH/USD pair is likely to rally to $257 and then to the resistance line of the ascending channel close to $265. This bullish view will be invalidated if the price turns down from the current levels and drops below $227.097.

XRP/USDThe bulls pushed XRP above the overhead resistance of $0.20570 on May 31 but they could not sustain the higher levels.

BSV/USDBitcoin SV jumped above the downtrend line on May 30 but the bulls could not hold onto the higher levels.

If the price sustains above $200, the bulls are likely to make another attempt to rally towards $227. A break above this level is likely to be a huge positive it can offer a buying opportunity.

On the other hand, if the bulls fail to sustain the 7th-ranked cryptocurrency on CoinMarketCap above the downtrend line and the moving averages, the bears will try to sink the price to the critical support at $39.A break below $39 will be a huge negative that could result in a drop to $32 and then to $28. However, if the LTC/USD pair rebounds off $39, the range-bound action is likely to continue for a few more days.

A positive is that the bulls have not allowed the price to dip below the 20-day EMA.BNB-USD daily chart.

If bulls can push the price above the range, a move to $3.1104 is possible.

If the bulls can keep the 11th-ranked cryptocurrency on CoinMarketCap above $0.0722722, the next level to watch on the upside is $0.1-$0.10652.