Price analysis 9/29: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI

Bitcoin (BTC) and Ether (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction.

Tesla CEO Elon Musk said at the Code Conference in California recently that governments cannot “destroy crypto,” due to its decentralized nature but can “slow down its advancement.”

Data shows that whales have been moving record amounts of Bitcoin in the past two weeks. The total transfer volume of transactions worth $10 million and higher have surpassed levels seen when Bitcoin’s price was near $60,000.

According to on-chain analytics resource Material Indicators, “smaller” whales sold and mega whales added to their holdings.

Daily cryptocurrency market performance. Source: Coin360

Bobby Lee, the former CEO of BTCC exchange, said in an interview with Bloomberg on Sept. 29 that Bitcoin’s rally is expected to begin in 2021, which will not only push the price to an all-time high but also clear the psychological mark at $100,000 and possibly reach $200,000.

Are Bitcoin and altcoins getting ready for a relief rally or will bears pull the price below the respective support levels? Let’s analyze the charts of the top-10 cryptocurrencies to find out.