Bitcoin (BTC) is struggling to break up the 200-day simple moving average ($ 84,000), but a positive indication is that Bulls have not given much land to the bear. Bitgate Research Chief analyst Ryan Li told Cointelgraph that bitcoin needs to get a weekly pass above $ 81,000 for indication of flexibility. Sales may rise if the price falls below $ 76,000.
Another cautious voice was from Marcus Thielen, who was the head Crypto researcher in 10X research. Thielen told cointelegraph that the chart structure of the bitcoin “suggests the market indifference rather than a straight rapid consolidation.” Thielen suspects a strong value recovery in bitcoin at the current junction.
Crypto market data daily view. Source: Coin360
However, bitcoin network economist Timothy Peterson has a distinct approach. In an X post, Peterson stated that April and October are two months that produce a large part of the annual performance of bitcoin. This suggests that bitcoin may increase to “new all-time high” before June.
Can buyers run bitcoins above short -term overhead resistance levels? If they do, what rally can the other top cryptocurrency rally in the near period?
Bitcoin price analysis
Downsloping 20-day exponential moving average ($ 86,188) suggests that the bears are in the command, but the positive deviation on the relative power index (RSI) indicates that sales pressure is decreasing.
BTC/USDT Daily Chart. Source: Cointelegraph/TardingView
If the price is reduced by the current level, the BTC/USDT pair may fall to $ 80,000 and then to $ 76,606.
Conversely, if the price falls above the 20-day EMA and breaks, it would indicate that the markets have rejected the breakdown under the 200-day SMA. The pair can rally up to 50-day SMA ($ 93,033) and after that, up to $ 100,000. Buyers may find it difficult to overcome psychological obstacles in $ 100,000.
BTC/USDT 4-hour chart. Source: Cointelegraph/TardingView
The 20-EMA on the 4-hour chart is flat out, and the RSI is just above the midpoint, indicating the balance between supply and demand. Buyers have to drive the pair above the resistance line to achieve the upper hand. The pair can climb to $ 92,810 and then $ 95,000.
Negative support is at $ 80,000 and next $ 78,000. If the support is crack, the possibility of a decline below $ 76,606 increases.
BNB price analysis
BNB (BNB) began a recovery from $ 507 on 11 March, facing selling in 50-day SMA ($ 621).
BNB/USDT Daily Chart. Source: Cointelegraph/TardingView
The 20-day EMA ($ 595) has a significant proximity support to see. If the price is away from the 20-day EMA, it suggests that the bulls are buying at minor dips. This improves a break possibilities over a 50-day SMA. The BNB/USDT pair could then rally towards $ 686.
Unlike this notion, if the price decreases and breaks under the 20-day EMA, it would indicate that the bears are fiercely defending the 50-day SMA. The pair can be $ 550.
BNB/USDT 4-hour chart. Source: Cointelegraph/TardingView
The 20-EMA has turned on a 4-hour chart, and the RSI is in the positive field, indicating a rapid feeling. There is resistance to $ 632, but if buyers cross it, the pair can jump to $ 680.
This optimistic approach will be rejected in the near period if the price decreases and breaks below the 20-EMA. The pair can take a dip in the 50-SMA, which is likely to attract buyers again. A brake under the 50-SMA will tilt the profit in favor of the Beers.
Tonquine price analysis
Tonquine (ton) rose faster by $ 2.35 on 11 March and reached 50-day SMA ($ 3.64) on 16 March.
Ton/USDT Daily Chart. Source: Cointelegraph/TardingView
The 50-day SMA is expected to get support in the 20-day EMA ($ 3.15). If this happens, it will indicate a change in the spirit from selling on rallies to buying on dips. This increases the possibility of a rally above the 50-day SMA. The ton/USDT pair can climb to $ 4 and later $ 5.
In contrast, a break and close below the 20-day EMA suggests that beer remains active at high levels. The pair can then fall towards $ 2.50.
Ton/USDT 4-hour chart. Source: Cointelegraph/TardingView
The 4-hour chart suggests that UP’s move is facing sales at $ 3.60, but buyers are expected to defend 20-EAMs. If the price changes rapidly by 20-EMA, bulls will try to pursue the price above $ 4.15. If they manage to do so, the pair can jump towards $ 4.67.
Conversely, if the price decreases and breaks below the 20-EMA, it would indicate that the bears remain active at a higher level. The pair can fall to 50-SMA and later to $ 2.50.
Connected: Pavel Durov out of France as Tonquine in ‘Great Entry Zone’ fuel ton price rally
Gate token price analysis
The Gate Token (GT) has formed a symmetric triangle pattern, which reflects indifference between the bull and the bear.
GT/USDT Daily Chart. Source: Cointelegraph/TardingView
The 20-day EMA ($ 21.06) is getting flattened, and the RSI has increased to the midpoint, indicating that the sale pressure is decreasing. If the buyers run the price above the triangle, it will indicate the resume of Upmove. The GT/USDT pair can climb to $ 24 and eventually $ 26.
If the price continues low and closes below the 20-day EMA, it would indicate that the pair may remain inside the triangle for a while. The bears will return to the command on a break under the triangle.
GT/USDT 4-hour chart. Source: Cointelegraph/TardingView
The 4-hour chart suggests that Bears are finding it difficult to maintain the price below 20-EMA. This suggests demand at lower levels. The buyers will try to strengthen their position by extending the price above the resistance line. If they do so, the pair can rally towards $ 24.
Instead, if the price decreases and breaks below the 50-SMA, it would indicate that the speed of the speed is weakening. The pair can land up to $ 19 and eventually the support line.
Universe price analysis
Cosmos (atom) broke over the 20-day EMA ($ 4.31) on 15 March, indicating that the sale pressure is decreasing.
Atom/USDT Daily Chart. Source: Cointelegraph/TardingView
RSI has formed a positive deviation, suggesting that the recession speed is weakening. The 50-day SMA ($ 4.73) may act as resistance but is likely to be crossed. The doors can open up to $ 6.50 for a rally above $ 5.15.
The 20-day EMA has significant support to look out for the negative side. If this support gives the way, it would indicate that bears remain the vendors on the rallies. It can drown up to $ 3.50 to the Atom/USDT pair.
Atomic/USDT 4-hour chart. Source: Cointelegraph/TardingView
The pair started a pullback in the near period, which could reach 20-EMA. If the price changes from 20-EMA, it will indicate a positive feeling where bulls are buying on dips. This increases the chances of brakes above $ 5.15. If this happens, the pair may increase to $ 5.50 and then to $ 6.50.
This positive attitude will be invalid in the near period if the value breaks below 20-EMA. This pair can be drowned up to 50-SMA and later up to $ 3.80.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
