Key points:

Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000.

Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes.

Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to the breakout level of $95,000. Buyers will have to successfully hold the $95,000 level to keep the bullish momentum intact.

Bitcoin network economist Timothy Peterson said in a post on X that Bitcoin could surge to a new all-time high and reach a target of $135,000 in the next 100 days if certain conditions are met. Peterson believes a drop in the CBOE Volatility Index below 18 could trigger a “risk-on environment” favoring Bitcoin. The other crucial points needed for the Bitcoin rally are a fall in interest rates and a solid performance in the above-average performing months of June and July. 

Crypto market data daily view. Source: Coin360

The cryptocurrency markets may remain volatile in the near term as traders await the Federal Reserve’s upcoming interest rate decision next week. Although the CME Group’s FedWatch Tool projects a low probability of a rate cut on May 7, markets may make a decisive move after the event.

Could Bitcoin hold the retest of the $95,000 level? If it does, let’s study the charts of the cryptocurrencies that may move higher in the near term.

Bitcoin price prediction

Bitcoin broke above the $95,000 resistance on May 1, but the bulls failed to sustain the momentum. The price turned down from $97,895 on May 2 and has reached the breakout level of $95,000. 

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day exponential moving average ($92,106) and the relative strength index (RSI) in the positive territory indicate that buyers have the edge. If the price rebounds off the zone between $95,000 and the 20-day EMA, the bulls will make one more attempt to push the BTC/USDT pair to $100,000. 

Contrarily, a break and close below the 20-day EMA suggests that the rally above $95,000 may have been a bull trap. That heightens the risk of a drop to the 50-day simple moving average ($86,682).

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The moving averages have flattened out, and the RSI has dropped near the midpoint on the 4-hour chart, suggesting a weakening momentum. If the price drops below $95,000, the pair could descend to $92,800 and then to $91,660. A break below $91,660 clears the path for a fall to $86,000.

Buyers will have to drive and sustain the price above $97,895 to regain control. The pair could climb to $100,000 and later to $107,000.

Hyperliquid price prediction

Hyperliquid (HYPE) is facing resistance at $21.50, but a positive sign is that the bulls have not ceded much ground to the bears.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($18.48) and the RSI near the overbought zone suggest the path of least resistance is to the upside. A close above $21.50 could start the next leg of the up move to $25 and then to $27.50.

The first sign of weakness will be a break and close below the 20-day EMA, suggesting profit booking by the short-term bulls. The HYPE/USDT pair could then fall to $17.35, which is likely to act as solid support.

HYPE/USDT 4-hour chart. Source: Cointelegraph/TradingView

The bears are defending the $21.50 level, but the bulls have not allowed the price to slip below the 20-EMA on the 4-hour chart. A solid bounce off the 20-EMA could challenge the overhead hurdle. If the $21.50 level is scaled, the pair could soar toward $25.

Instead, if the price breaks the 20-EMA, select short-term buyers may be tempted to book profits. That could sink the pair to the 50-SMA, which is a critical support to keep an eye on. If the level cracks, the pair may descend to $17.35.

AAVE price prediction

Aave (AAVE) turned up from the moving averages on April 30, indicating that the sentiment has turned positive and traders are buying on dips.

AAVE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to push the price to the $196 level, where the bears are expected to sell aggressively. If the price turns down from $196 but finds support at the 20-day EMA, the likelihood of a break above the overhead resistance increases. The AAVE/USDT pair could then travel to $220 and later to $240.

If bears want to prevent the upside, they will have to swiftly pull the price below the moving averages. If they can pull it off, the pair may collapse to $130.

AAVE/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair is facing selling near $180, but a positive sign is that the bulls have maintained the price above the moving averages. If the price turns up from the moving averages and breaks above $180, the pair could accelerate toward $196. There is minor resistance at $190, but it is likely to be crossed. 

Contrary to this assumption, if the price turns down and breaks below the 50-SMA, it suggests that the bulls are booking profits. That may pull the price down to $155 and subsequently to $150.

Related: Ethereum nears key Bitcoin price level that last time sparked 450% gains

Render price prediction

Buyers tried to push Render (RNDR) above the $4.87 resistance on May 2, but the bears held their ground.

RNDR/USDT daily chart. Source: Cointelegraph/TradingView

The price has reached the 20-day EMA ($4.31), where the bulls are likely to mount a strong defense. If the price bounces off the 20-day EMA, it increases the possibility of a break above $4.87. If that happens, the RNDR/USDT pair could pick up momentum and climb to $6.20.

This positive view will be negated in the near term if the price continues to slide and breaks below the $4.22 support. That opens the doors for a fall to the 50-day SMA ($3.80) and, after that, to $3.55.

RNDR/USDT 4-hour chart. Source: Cointelegraph/TradingView

Sellers have pulled the price to the $4.22 support, which is an important support to watch out for. If the price rebounds off $4.22 with strength, it signals a possible range formation in the near term. The pair may swing between $4.22 and $4.87 for some time. A break and close above $4.87 indicates the resumption of the up move toward $5.52.

On the contrary, if the price continues lower and breaks below $4.22, it suggests that the bears are attempting a comeback. The pair may decline to $3.88.

Fetch.ai price prediction

Fetch.ai (FET) turned down from the $0.84 overhead resistance and has reached the 20-day EMA ($0.65).

FET/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to arrest the pullback at the 20-day EMA. If the price rebounds off the 20-day EMA with force, the FET/USDT pair could reach the $0.84 level. A break and close above $0.84 opens the doors for a possible rise to $1.09.

Sellers are likely to have other plans. They will try to pull the price below the 20-day EMA. If they manage to do that, the pair could fall to the 50-day SMA ($0.54), where the buyers are expected to step in.

FET/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair has reached the crucial support at $0.67. If the price rebounds off $0.67, the bears will try to halt the relief rally at the moving averages. If the price turns down from the moving averages and breaks below $0.67, it suggests that the bulls have given up. That could drag the pair down to $0.60.

Alternatively, a break above the moving averages signals demand at lower levels. That suggests a possible range formation between $0.67 and $0.80. The uptrend could resume on a close above $0.80.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days.

According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man.

Although the details on the identity of the victims remain scant, likely for security reasons, the crypto entrepreneur and his father co-owned a crypto marketing firm based in Malta, French media reports.

This incident features similarities to the kidnapping of Ledger co-founder David Balland in France in January 2025. Balland was also held for a crypto ransom until he was freed by law enforcement officers in a rescue operation.

Unfortunately, this latest incident also follows a string of similar ransom attempts around the world targeting crypto users and their loved ones in an attempt to extort funds from individuals perceived to hold a sizable amount of wealth.

Related: $330M Bitcoin social engineering theft victim is elderly US citizen

Crypto kidnapping attempts sadly become all too common

In November 2024, WonderFi CEO Dean Skurka was kidnapped and forced to pay a $1 million cryptocurrency ransom to the assailants, who abducted him using a vehicle in downtown Toronto, Canada.

Six individuals in Chicago, Illinois were charged in February 2025 with the kidnapping of a family and their nanny in exchange for a crypto ransom.

According to an FBI report, the kidnappers forced their way inside the Chicago home by pretending they had accidentally damaged the family’s mechanical garage door.

Once inside, the suspects forced the family into a van and abducted the family for five days before forcing them to surrender $15 million worth of cryptocurrencies to secure their release.

Online streamer Amouranth was the victim of a home invasion in March 2025 when several armed suspects held her at gunpoint and demanded the keys to her cryptocurrency.

Four suspects were charged in connection to the incident and arrested by law enforcement officials in the US state of Texas.

Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express

The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation.

According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies.

The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that will reportedly employ up to 16,000 individuals.

Completing the project will take an estimated five years and the capital requirements for the ambitious development are more than the $7 billion in annual gross domestic product (GDP) of the Maldives.

The geographic location of Maldives. Source: Worldometer

The planned crypto hub reflects the growing importance of the crypto industry worldwide. However, the Maldives’ ambitions to become a global center for financial technology must contend with well-capitalized, established jurisdictions like Dubai, Singapore, and Hong Kong.

Related: Slovenia’s capital of Ljubljana ranked as world’s most crypto-friendly city

Established crypto and fintech hubs already on the scene

Dubai, in the United Arab Emirates (UAE), is a rapidly growing crypto and Web3 hub thanks to its positive regulatory environment that encourages innovation and a local government willing to explore blockchain technology in real-world applications.

On April 6, Dubai’s Land Department (DLD) and the Virtual Assets Regulatory Authority (VARA) signed an agreement to connect the land registry to blockchain, allowing for more comprehensive real estate tokenization.

Hong Kong has also positioned itself as a crypto hub through proactive regulations that have attracted hundreds of Web3 and fintech firms.

According to Ivan Ivanov, global CEO of WOW Summit, a blockchain conference in Hong Kong, the special economic zone leverages its position as a bridge between Western economies and China to attract investment and serves as a regulatory sandbox.

Singapore is also a major international crypto center, with dozens of digital asset exchanges based inside the country and hundreds of Web3 firms headquartered there.

The country continues to attract global investment through a regulatory approach that encourages technological experimentation without fear of regulatory reprisal.

Magazine: Crypto City: Guide to Dubai