Analysts Share Insights on Bitcoin, SEI, and AAVE Price Trends

Three cryptocurrency analysts provided updated charts for BTC and two altcoins. Different perspectives can be beneficial for investors. The BTC price fell to $55,545 and was hovering at $57,400 at the time of writing. The attempt to reach $58,000 was unsuccessful.

Bitcoin Analyst Commentary

The $58,000 level was an important support for Bitcoin (BTC) $104,035 and is now becoming a resistance. The price attempted another upward move but failed to surpass this region. According to the analyst known as Feyronn, daily closes at current levels could signal the start of a rally. If BTC closes above $57,000, new attempts at $58,800 and $60,000 could occur.

“As long as we hold above $55,700, the upward momentum will remain strong. We made a solid retest and bounce from this level at the opening, so let’s continue on this trajectory. Summer is over, it’s time for serious business in the market.”

SEI and AAVE Coin Predictions

Crypto trader Kaz The Shadow is closely monitoring SEI Coin. The analyst is looking for confirmation of a Head & Shoulders pattern, predicting a rapid recovery if successful. After testing local lows, SEI Coin could fall to $0.116 if it targets lower levels again.

“SEI looks really good right now, and if we confirm the H&S, it is ready to take off. It has already swept the local lows, so it should not return to sweep them again, and if it does, I think it will drop to $0.116. For now, it is standing, so let’s wait and see, moving SL to the entry as soon as possible, just want to see a nice bounce.”

The third and final analyst, Daan Crypto Trader, has focused on the AAVE chart. He previously mentioned potential profit opportunities. After a recent attempt at $160, his chart reflects potential recovery just after $140.

$153 will likely be a point for short-term selling opportunities as it has been tested multiple times.

“AAVE is still holding its own and making new cycle/annual highs. For now, it has been rejected. If BTC remains strong, convincing closes above $154 could accelerate the rise.”