Bitcoin price prediction for April 29 shows BTC struggling to hold above $77,900 as selling pressure intensifies ahead of this week’s Federal Open Market Committee (FOMC) meeting. On-chain data suggests the recovery lacks strength, and several major altcoins risk breaking below key support levels.
Bitcoin Price Prediction: BTC Faces Resistance at $79,000
Bitcoin (BTC) rallied above $77,900 on Wednesday, but the long wick on the candlestick shows bears are selling into rallies. On-chain analyst Willy Woo noted on X that BTC needs to close above the $79,000 cost basis of recent investors to strengthen the recovery. Woo gave BTC only 30% odds of rising above $79,000 in this attempt.
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Crypto trading account CRYPTOWZRD highlighted the risks of downside in June. The account posted on X that historically, BTC has corrected for a few months after a new Federal Reserve chair takes over. With Kevin Warsh slated to become Fed chair in May, the question is whether BTC can break the pattern or see a final dip.
Key levels to watch:
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- Support: 20-day EMA at $75,478
- Resistance: $80,000 and $84,000
- Critical level: $79,000 cost basis of recent investors
The 20-day EMA is the near-term support. If BTC rebounds from this level and breaks above $80,000, it signals that bulls have flipped $76,000 into support. The BTC/USDT pair could then rally to $84,000. But a break below the 20-day EMA would suggest bears are active at higher levels. The pair may then fall to the 50-day SMA at $72,086 and later to the support line.
Ether Price Prediction: ETH Struggles at Moving Averages
Ether (ETH) buyers are trying to hold above the 20-day EMA at $2,291, but bears continue to apply pressure. If ETH breaks below the moving averages, it signals that bears are returning. The ETH/USDT pair could then slide to the support line, where buyers are expected to step in.
Conversely, if the price turns up from the moving averages, it suggests lower levels are attracting buyers. The pair could rise to $2,465 and then to the resistance line of the ascending channel pattern.
Key levels:
- Support: 20-day EMA ($2,291), 50-day SMA
- Resistance: $2,465, channel resistance
XRP Price Prediction: Bears Take Charge
XRP (XRP) fell below the moving averages on Tuesday, indicating bears are attempting to take control. The price may slide to $1.27, where buyers are expected to mount a strong defense.
If XRP rebounds from $1.27 and rises above the moving averages, the recovery could reach the downtrend line. A close above the downtrend line signals a potential trend change. But a break below $1.27 puts the Feb. 6 low of $1.11 at risk. The pair could then plummet to $1 and then to the support line.
BNB Price Prediction: Range-Bound Consolidation
BNB (BNB) remains stuck inside the large range between $570 and $687. The flattish moving averages and RSI just below the midpoint suggest consolidation may continue.
Buyers will gain the upper hand if they push BNB above $687. That could lead to a surge to $730 and then $790. But a break below $570 signals the resumption of the downtrend, with a possible collapse to $500.
Solana Price Prediction: Tight Range Trading
Solana (SOL) has been trading inside a tight range between $82.65 and $90.73. If the price breaks below $82.65, SOL/USDT could decline toward $76 support. Buyers are expected to fiercely defend $76, as a close below it may sink the pair to $67.
On the upside, a break and close above $90.73 would indicate a slight advantage for bulls. SOL could then reach overhead resistance at $98. A break above $98 opens the doors for a rally to $117.
Dogecoin Price Prediction: Range-Bound Between $0.09 and $0.12
Dogecoin (DOGE) bounced off the 20-day EMA at $0.10 on Monday, indicating buying on dips. Bulls pushed DOGE above $0.11 on Wednesday, but the long wick shows bears remain active at higher levels.
A break below the 20-day EMA signals that DOGE/USDT may remain range-bound between $0.09 and $0.12 for a few more days. But a rebound from $0.10 increases the possibility of a rally to $0.12. A close above $0.12 suggests the pair may have bottomed out in the short term.
Hyperliquid Price Prediction: HYPE Faces Resistance at $43.76
Hyperliquid (HYPE) turned down from the $43.76 overhead resistance on Monday and fell to the 50-day SMA at $39.70 on Tuesday. Sellers will try to pull HYPE below the 50-day SMA, which could trigger a deeper pullback to $37.77 and then $34.45.
On the upside, bears will continue to pose a challenge in the $43.76-$45.77 zone. But if buyers break above that zone, the pair could rally to $50 and then $51.43.
Cardano Price Prediction: ADA Faces Downtrend Line
Cardano (ADA) is facing selling near the downtrend line, but bulls have not given up much ground. This suggests buyers will again attempt to drive ADA above the downtrend line.
If they succeed, ADA/USDT could rally to $0.32 and then $0.37. Such a move signals a potential trend change. But sellers will try to defend the downtrend line and pull the price to solid support at $0.22. A close below $0.22 indicates the resumption of the downtrend.
Bitcoin Cash Price Prediction: BCH Stuck at Moving Averages
Bitcoin Cash (BCH) bounced off $443 support on Tuesday, but bulls are struggling to push the price above the moving averages. The flattish moving averages and RSI near the midpoint give no clear advantage to either side.
If BCH maintains above the moving averages, the possibility of a rise to $486 increases. Sellers are expected to aggressively defend $486, as a close above it opens the door to a rally to $520. On the downside, a close below $443 may sink BCH/USDT to solid support at $419.
Monero Price Prediction: XMR Pulls Back to Support
Monero (XMR) surged above $390 resistance on Sunday, but bulls could not sustain the breakout. The price pulled back to the 20-day EMA at $364, where buyers stepped in.
If XMR/USDT continues higher and breaks above $406, it signals the start of a new up move toward $500. But if the price turns sharply lower and breaks below the moving averages, the pair may remain within the $302 to $390 range for some time.
Conclusion
The Bitcoin price prediction for April 29 highlights a critical juncture. BTC faces strong resistance at $79,000, and the FOMC meeting adds uncertainty. Several altcoins risk breaking below key support levels, signaling a deeper short-term pullback. Traders should watch these levels closely rather than relying on optimistic or pessimistic projections. This analysis is for informational purposes only and does not constitute investment advice.
FAQs
Q1: What is the Bitcoin price prediction for April 29, 2026?
A1: Bitcoin is struggling to hold above $77,900, with key resistance at $79,000 and support at the 20-day EMA of $75,478. A break above $80,000 could lead to $84,000, while a drop below the 20-day EMA may trigger a fall to $72,086.
Q2: How does the FOMC meeting affect Bitcoin?
A2: The FOMC meeting creates uncertainty, as historical data shows Bitcoin often corrects after a new Fed chair takes over. Kevin Warsh is slated to become Fed chair in May, which could lead to a final dip in June.
Q3: Which altcoins are at risk of breaking support?
A3: XRP, BNB, Solana, Dogecoin, Hyperliquid, Cardano, Bitcoin Cash, and Monero all face potential breakdowns below their support levels if selling pressure continues.
Q4: What is the key level for Bitcoin to confirm a recovery?
A4: Bitcoin needs to close above the $79,000 cost basis of recent investors to strengthen the recovery, according to on-chain analyst Willy Woo. The odds of this are only 30%.
Q5: Is this article investment advice?
A5: No. This article is for informational purposes only and does not constitute investment advice. All investments and trades carry risk. Readers should conduct independent research before making decisions.
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