Price Analysis August 14th, 2025 – BTC, XRP, ETH, SOL, and BNB
Bitcoin surpassed the all-time high of $123,206 and rallied to $124,414 on Thursday morning. The surge comes amid growing speculations that the US Federal Reserve could announce its first rate cut of the year next month, following a positive Consumer Price Index (CPI) report earlier this week that showed declining inflation in the United States.
Bitcoin hasn’t rallied alone. Data on CoinGecko indicates that Ethereum has risen 4% to $4,754, just $108 away from its all-time high of $4,862. Analysts at Santiment are optimistic that ETH could record a new all-time high before the end of August as institutional interest in the asset continues to grow.
Meanwhile, Standard Chartered has said that increased institutional adoption of Ethereum, stablecoins, and ETFs will likely fuel a rally in the coming months. The bank has now adjusted its ETH price target for this year from $4,000 to $7,500.
So, will Bitcoin’s latest breakout trigger rallies in altcoins? And if that’s the case, where should we expect the bears to mount a defence? Let’s analyze the price charts to find out.
Bitcoin Price Analysis
BTC’s current price action suggests that the bulls have been purchasing on every dip as they are determined to push the coin higher. However, short-term traders with long positions should be cautious, given that the Relative Strength Index has crossed the 70 mark, which is considered an overbought zone. This raises the chances of a pullback in the coming days.
If the bears succeed in pulling Bitcoin to lower levels, then the 20-day Simple Moving Average of $116,954 should be a critical level to watch. If it collapses, a sharp fall to the $112,000 seems possible. On the other hand, the bulls will be in a better position to push Bitcoin to $130,000 if they sustain it above $123,206.
Ethereum Price Analysis
As mentioned, Ethereum is currently trading above the $4,700 resistance, suggesting increased demand at higher levels. If it continues to surge, it could retest $4,862 for the first time since late 2021. Furthermore, a price jump above that key level could allow the bulls to trigger a rally to $5,000.
On the contrary, if ETH reverses now and reaches the $4,095 vital support, but the bulls fail to guard that level, a dip to the 20-day Simple Moving Average of $3,888 becomes likely.
XRP Price Analysis
XRP has traded above the 20-day Simple Moving Average of $3.121 in the past few days, but the bears have dragged it to $3.103 as of this writing. The lack of demand at higher levels is partly due to BlackRock’s move to dismiss rumors regarding its intention to file for an XRP spot ETF after the US Securities and Exchange Commission and Ripple asked the court to throw out their appeals last week.
However, renewed investor interest in the asset could fuel a rally to $3.394 and later to $3.648, the new all-time high. Conversely, a drop below $3 could prove detrimental to XRP, as the bears will aim to pull the coin to the $2.730 support.
BNB Price Analysis
Although the bullish momentum at higher levels has weakened, BNB continues to change hands above the $732 vital support, indicating that the bulls are preparing to trigger the second leg of the rally. If that happens and BNB crosses $860, it’s likely to ascend toward the $900 mark for the first time in its history. Meanwhile, a drop below the 20-day Simple Moving Average of $796 could cause $730 to crumble, with the bears targeting $675.
Solana Price Analysis
Solana briefly traded above the $204 resistance on Thursday, but the bears dragged it to $196 at press time. If the pullback extends, the support at the 20-day Simple Moving Average of $177 would be at risk of collapsing, with sellers looking to fuel a move to $155. Contrarily, if the buyers push and sustain SOL above $204, then the prospects of a jump to $238 would improve significantly.
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