BITCOIN (BTC) BULLS is trying to start the Lord with a positive note by pushing the price to more than $ 85,000. Michael Saylor’s strategy recently used 3,459 Bitcoin for $ 285.5 million, with an average price of $ 82,618. As a result, the company’s total retention will be improved to 531,644 bitcoin purchased at an average price of $ 67,556.
But not everyone is optimistic in the short term. Some institutional investors seem to have trimmed their shares. Coinshares reported on April 14 that Digital Asset Exchange Traded Products (ETP) had leaked $ 775 million last week. Since February, the leak of $ 7.2 billion has reversed almost $ 165 million.
Daily Cryptocurrency market performance. source: Coin 360
Bitcoin seems to have a bottom in the short term, but the growls of the growing bull market will not be in a hurry. Customs dialogue between tariff headlines and the United States and other countries can indicate price measures.
Can Bitcoin turn Altcoin more higher based on recovery? Let’s analyze the chart and find out.
S & P 500 index price analysis
The S & P 500 Index (SPX) has witnessed a tremendous volatility, but the positive signs are that the low level is to attract a solid purchase by the bull.
Spx daily chart. Source: COINTELEGRAPH/TradingView
After the massive volatility over the last few days, the index was able to enter a quieter stage. The seller is likely to sell the rally near 5,500, and Bulls is expected to buy deep with 5,119 support. This represents a possible range bound operation between 5,500 and 5,119 for a while.
The buyer is expected to push the price to more than 5,500 or after the sink of less than 4,950. If the level 5,500 is turned off, the index can increase to 5,800.
US dollar index price analysis
The US dollar index (DXY) has been freely since its rejection on April 20 at the index moving average (102.81).
Dxy daily chart. Source: COINTELEGRAPH/TradingView
Buyers defended 99.57 on April 11, but on April 14, bears renewed their sales. If the price is finished below 99.57, the index can exceed 97.50. After that, the longer the 95.57, the greater the risk of starting a new drop.
To prevent the buyer from moving down, the price must be quickly pushed to 99.57 or more. It can start recovery with 101.
Bitcoin price analysis
Bitcoin crossed the resistance line on April 12, and Bulls successfully maintained the brake out level on April 13.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
The EMA ($ 82,979) is flat on the 20th, and the RSI is close to the middle point, suggesting that sales pressure is decreasing. The BTC/USDT pair can go up to $ 89,000, which can act as a stiff resistance. If the price drops sharply from $ 89,000 and destroys it under the 20 -day EMA, the range will be formed. This pair can cause vibration between $ 89,000 to $ 73,777 for several days.
In order for the seller to trap an aggressive bull and maintain control, he must withdraw the price quickly under the EMA on the 20th. If they do so, the pair can go down to $ 78,500, and then go down to $ 73,777 important support.
Ether price analysis
Ether (ETH) is faced with sales in EMA ($ 1,722) on the 20th, as shown in the long wick of the candle stick on April 14.
ETH/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price is less than $ 1,546, the ETH/USDT pairs can resume support of $ 1,368. This is an important level for the bull to defend because the break of less than $ 1,368 can start a drop of $ 1,150 to the next leg.
On the contrary, if the buyer pushes the price of the EMA for 20 days, it indicates that the bear is losing the grip. The 50 -day SMA ($ 1,955) has a resistance, but is likely to cross. Then the pair can then go up to a solid resistance to $ 2,111.
XRP price analysis
XRP (XRP) refuses from SMA ($ 2.24) on April 13, indicating that the seller is activated at a higher level.
XRP/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20 -day EMA ($ 2.10) is flat and the RSI is close to the middle point, showing a balance between demand and demand. Rest of less than $ 2 will take advantage of the bear. The XRP/USDT pairs can be $ 1.72, then fall to $ 1.61.
Buyers have an advantage if they keep the price of SMA or more than 50 days. If they can pick it up, the pair can rally with a resistance line. The seller is expected to actively defend the resistance line because the above rest announces its potential trend.
BNB price analysis
BNB (BNB) is faced with resistance in the down trend line, but a little benign is that the bull has no basis for bears.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
This increases the possibility of rest on the downward trend. In this case, the BNB/USDT pair can go up to $ 645. Sellers will try to keep $ 645, but they will cross.
This positive view is in the short term if the price drops sharply in the downward line and falls below $ 566. It may be attached to the triangle for a while.
Solana price analysis
The seller tries to defend SOLANA (SOL) 50 -day SMA ($ 130), but the bull maintained pressure.
SOL/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price is over 50 days SMA, the SOL/USDT pairs can rise to $ 147 to $ 153. The seller is expected to actively defend this area, but if the Bulls prevail, the pair can increase to $ 180.
The first support for the shortcomings is the 20th EMA ($ 123). When it pops out of the 20 -day EMA, the positive momentum will remain intact, while the following breaks can sink to $ 110 and eventually sink to $ 95.
relevant: Solana Rallies is 20%for Ethereum, but can the SOL price of $ 300 reach?
Dogecoin price analysis
The buyer tries to start recovery at Dogecoin (Doge), but is expected to face the stiff resistance of the bear at the moving average.
Doge/USDT Daily Chart. Source: COINTELEGRAPH/TradingView
If the price falls from the moving average, the bear again tries to calm down the Doge/USDT pairs of less than $ 0.14. If they do so, sales can be accelerated, and pairs can fall to $ 0.10.
On the contrary, if the buyer pushes the price than the moving average, the pair can rally up to $ 0.20. This is an important short -term level to be careful because the above break completes the double floor pattern. Then the pair was able to climb towards the $ 0.26 pattern goal.
Cardano price analysis
The buyer is struggling to push Cardano (ADA) over the 20 -day EMA ($ 0.65), indicating that the demand has been dried at a higher level.
ADA/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price drops in the 20 -day EMA, the next support is $ 0.58 and $ 0.50. The buyer is expected to defend the $ 0.50 level vigorously because the buyer can sink the ADA/USDT pair to $ 0.40.
Inside the buyer must promote and maintain the price of more than 50 days of SMA ($ 0.71) to announce that the decline may end. It can be pursued at $ 0.83, then $ 1.03.
One lion price analysis
The buyer is trying to push the unus sed leo (Leo) beyond EMA ($ 9.39) on the 20th, but Bears is making a significant challenge.
Leo/USD every day chart. Source: COINTELEGRAPH/TradingView
Flatting the 20 -day EMA and RSI near the midpoint suggests a balance between demand and demand. This allows the LEO/USD pairs to maintain $ 9.90 to $ 8.79 for several days.
The next trend movement can start with a break of $ 9.90 or more or more than $ 8.79. If the buyer pays more than $ 9.90, the pair will complete the optimistic ascension triangle pattern. This optimistic setting is the target of $ 12.04.
In the disadvantage, the rest of less than $ 8.70 is $ 8.30, which shows the beginning of deeper modifications.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.