Bitcoin (BTC) slipped to less than $ 95,500 on February 23 after it did not rise to $ 100,000 on February 21 on February 21. The more the price is less than $ 100,000, the more likely it is to fall with an important $ 90,000 support. The analysts are divided into the next trend movement of Bitcoin. Some expect the new best at the beginning of next month, but others expect to fall to $ 85,000 before the rise is resumed.
Bitcoin’s uncertain short -term prices can increase the interest of merchants in Altcoin. Cryptoquant CEO KI Young Ju said in X’s post, “Altseason has begun.” Young Ju added that unlike previous Altseason, the Stablecoin holder would prefer Altcoins, but the Stablecoin holder would prefer Altcoins. He said that the volume of trading defined Altseason and emphasized that Altcoin trading was 2.7 times higher than Bitcoin.
Encryption market data every day. source: Coin 360
The largest Altcoin (ETH) remains due to the $ 1.4 billion hack of BYBIT EXCHANGE. According to the cryptoquant data, Ether Whales, with 10,000 to 100,000 ethers, have accumulated $ 140 million after hacking.
Can Bitcoin’s tight range trading shift focus on Altcoins? Let’s look at the top Cryptocurrencies that look strong on the chart.
Bitcoin price analysis
Bitcoin refuses from a simple moving average ($ 98,933) on February 21, indicating that bears are defending their level.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20 -day index moving average ($ 97,236) gradually warns, and the relative robbery index (RSI) is just below the middle point and has some advantages to the bear. Rest and finish of less than $ 93,388 can go to the critical level of $ 90,000. The buyer must defend the $ 90,000 support to avoid the formation of the double top pattern.
Bulls will take an advantage in the short term if you push and keep the price of SMA or above 50 days. The BTC/USDT pair is $ 102,500, which allows you to rally at $ 106,500.
BTC/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The two moving averages are flat on the four -hour chart, and the RSI is in a negative area and has a balance between supply and demand. The short -term advantage is that if you withdraw the price to less than $ 93,388, it will be advantageous to Bears. The pair can then fall into critical support of $ 90,000, and the buyer is expected to come in.
Conversely, the bull must push and keep the price of more than $ 100,000 to start a more powerful recovery for $ 102,500.
Ether price analysis
The ether climbed up the EMA ($ 2,775) on February 23, indicating that the bull is attempting a comeback.
ETH/USDT daily chart. Source: COINTELEGRAPH/TradingView
The area between the down trend line and the $ 2,850 can be a strong challenge, but if the Bulls prevail, the ETH/USDT pairs will announce the short -term trend change. This pair was $ 3,332 for $ 3,525.
This positive view is invalidated in the short term if the price falls from the down trend line and falls to less than $ 2,500. As a result, the downward movement can be extended to $ 2,300 to $ 2,400.
ETH/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The 20-EMA on the four-hour chart began to appear, the RSI went up to the positive area, and the short-term advantage was signaled that it changed in favor of the bull. The down trend line can act as a strong barrier, but if the bull is overcome, the pair can go up to $ 3,437 to $ 3,000.
On the contrary, if the price drops sharply in the fall line and destroyed below the movement average, the bear will continue to be sold in the rally. It can pull the pair to $ 2,600, then to $ 2,500.
BNB price analysis
The seller tries to keep the BNB (BNB) below the 50 -day SMA ($ 666), but the bull maintained pressure.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
The buyer must drive and maintain the BNB/USDT pairs above the SMA for 50 days to maintain the path of the possible rally to $ 745. There’s a little resistance for $ 686, but it’s likely to cross.
If a bear wants to stop working, KANK is quickly lower than the $ 635 support. If they can pull it, the pair can drop to $ 596, bringing a large range of $ 460 to $ 745.
BNB/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The four -hour chart shows that the pair is trading between $ 680 and $ 635 for a while. The flat moving average and the RSI at the bottom of the intermediate point indicate some advantages to the bear. If the price drops to less than $ 635, the pair can start a deeper modification to $ 596.
On the contrary, more than $ 686 of the signal that Bulls has insisted on their superiority. It can pursue pairs at $ 732.
relevant: Can Ether recovers more than $ 3K after BYBIT’s large $ 1.4B hacking?
Monero price analysis
Monero (XMR) has risen for several days, but Upmove is facing a resistance for $ 245.
XMR/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price rebounds to the 20 -day EMA ($ 228), the prospect of more than $ 245 will be improved. In this case, the XMR/USDT pair can be accelerated towards the following resistance to $ 290.
Unlike this family, rest and finish under the EMA for less than 20 days suggest that the bull is booking profits. This allows the price to lower the price to 50 days SMA ($ 219), which can attract the bulls of the bull.
XMR/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The average of the two movements is flat on the four -hour chart, and the RSI is close to the middle point, indicating the short -term range of bounds. The pair can be integrated between $ 245 and $ 226 for a while.
If the price rises more than $ 245, it will announce the start of the next leg. On the contrary, rest and finish of $ 226 suggests that the bull has given up. It can start modifying $ 216.
Establishment price analysis
The (TAO) recovery of the bittensor is faced with a strong resistance at $ 500, indicating that the bear is maintained at an active state at a higher level.
TAO/USDT daily chart. Source: COINTELEGRAPH/TradingView
Bulls will stop the fullback in EMA ($ 404) on the 20th. If you do so, it will suggest changes in emotions from rally sales to deep purchases. The bull then tries to remove overhead obstacles to $ 500. If they succeed, the TAO/USDT pairs can be jumped to $ 600.
This optimistic view is denied in the short term when the price drops below the EMA on the 20th. Then the pair can go down to $ 346.
TAO/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
This pair is broken less than 20-EMA in a four-hour chart, indicating that optimistic propulsion is weakening. The buyer tries to start recoil at 50-SMA. If they do so, the pair can rise to $ 463 and rise to $ 500. Close with more than $ 500 rest, you will start a rally for $ 600 by completing optimistic reversal heads and shoulder patterns.
On the contrary, rest and closure below 50-SMA suggests that bears maintain control. Then the pair can be over $ 350 to a solid support.
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.