Bitcoin (BTC) is struggling to surpass the 200 -day simple moving average ($ 84,000), but the positive signs are that the bull has no basis for the bear. Ryan Lee, chief analyst of Bitget Research, said that Bitcoin must achieve more than $ 81,000 every week to signal the elasticity to Cointelegraph. If the price plunge is less than $ 76,000, sales may be accelerated.
Another cautious voice was the voice of Markus Thielen, a 10x Research researcher. Thielen told Cointelewraph, the Bitcoin’s chart structure “suggests market uncertainty rather than simple strength integration.” At this point, Thielen questions the strong price recovery in Bitcoin.
Encryption market data every day. source: Coin 360
But Bitcoin Network Economist Timothy Peterson has a different view. In the X post, Peterson said April and October are two months to create a large portion of Bitcoin’s annual performance. It suggests that Bitcoin can go up to the new all -time high before June.
Can the buyer drive Bitcoin beyond the short -term overhead resistance level? If they do that, can other best cryptocurrencies rally in the short term?
Bitcoin price analysis
Down Splo 20 -day index moving average ($ 86,188) suggests that bears are commanded, but the amount of relative intensity index (RSI) indicates that sales pressure is decreasing.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price drops from the current level, the BTC/USDT pair will drop to $ 80,000 and drop to $ 76,606.
On the contrary, if the price rises and the EMA is over 20 days, it can be seen that the market has refused to break below 200 days. This pair was able to meet for 50 days SMA ($ 93,033) and $ 100,000. Buyers can be difficult to surpass $ 100,000 psychological barriers.
BTC/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The 20-EMA on the 4-hour chart is flat and the RSI is on the middle point, showing a balance between supply and demand. The buyer must drive the pair on the resistance line to gain an edge. This pair can go up to $ 92,810 and then go up to $ 95,000.
The disadvantage support is $ 80,000 and the next is $ 78,000. If the support is cracked, the likelihood of falling less than $ 76,606 increases.
BNB price analysis
BNB (BNB) began to recover from $ 507 on March 11, which is sold on SMA ($ 621) on the 50th.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20th EMA ($ 595) is an important short -term support to be careful. If the price rebounds on the 20th EMA, it suggests that the bull is buying a small dip. It improves the view of rest than the 50 -day SMA. The BNB/USDT pairs can be rally at $ 686.
Contrary to this assumption, it indicates that if the price is lower than the EMA for 20 days, the bear is violently defending the 50 -day SMA. The pair can fall to $ 550.
BNB/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
20-EMA is shown on a four-hour chart, and RSI is in a positive area, which represents optimistic feelings. There is a resistance for $ 632, but if the buyer overcomes, it can jump to $ 680.
This optimistic view is denied in the short term when the price falls and destroys it below 20-EMA. This pair can fall to 50-SMA, which is likely to attract buyers again. The break below 50-SMA will take advantage of the bear.
Toncoin price analysis
Toncoin (TON) rose sharply from $ 2.35 on March 11 and reached SMA ($ 3.64) on March 16.
Tone/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 50 -day SMA correction is expected to be supported on the 20th EMA ($ 3.15). In such cases, it will inform the change of emotions from the rally sales to the deep purchase. This increases the possibility of meeting more than 50 days of SMA. The tone/USDT pair is $ 4 to $ 5 to $ 5.
On the contrary, the rest and finish under the EMA on the 20th suggest that bears are maintained at higher levels. Then the pair can fall to $ 2.50.
Tone/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The four-hour chart shows that UP movements are sold at $ 3.60, but buyers are expected to reduce 20-EMA. If the price rises rapidly in 20-EMA, Bulls will try to push the price to $ 4.15 or more. If they do so, the pair jumped to $ 4.67.
On the contrary, if the price falls and destroys below 20-EMA, it can be seen that the bear is activated at a higher level. The pair can fall to 50-SMA, then fall to $ 2.50.
relevant: Toncoin of ‘Great Entry Zone’ like Pavel Durov’s French Exit Ton Price Rally
Gate token price analysis
The gate token (GT) forms a symmetry triangle pattern, indicating uncertainty between the bull and the bear.
GT/USDT daily chart. Source: COINTELEGRAPH/TradingView
On the 20th, EMA ($ 21.06) is flat and RSI goes up to the middle, indicating that sales pressure is decreasing. If the buyer pushes the price above the triangle, you can see the resumption of Upmove. The GT/USDT pair is $ 24, eventually going up to $ 26.
If the price continues to be low, if you close below the EMA, you can see that the pair may remain in the triangle for a while. The bear is ordered again during the break under the triangle.
GT/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The four-hour chart shows that bears are difficult to maintain less than 20-EMA. This suggests low levels of demand. The buyer tries to strengthen his position by pushing the price than the resistance line. If you do so, the pair can be rally for $ 24.
Instead, if the price falls and destroys below 50-SMA, you can see that optimistic momentum is weakening. The pair is $ 19, which can eventually go down to the support line.
Cosmos price analysis
Cosmos (ATOM) indicates that sales pressure is decreasing beyond EMA ($ 4.31) on March 15.
Atom/USDT daily chart. Source: COINTELEGRAPH/TradingView
RSI forms a positive divergence, suggesting that weakness is weakening. The 50 -day SMA ($ 4.73) can act as a resistance, but it is likely to cross. More than $ 5.15 can be opened for meetings.
The 20th EMA is an important support to be careful in the decline. If this support is provided, you can see that the bear remains as a seller. It can sink the atom/USDT pair to $ 3.50.
ATOM/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The pair was able to reach 20-EMA in the short term in the short term and reach 20-EMA. If the price rises in 20-EMA, the bulls will inform you of the positive feelings that the bull is purchasing in Deep. This increases the possibility of relaxation of $ 5.15 or more. In this case, the pair can be soaring to $ 5.50 and then increasing to $ 6.50.
This positive view is invalidated in the short term when the price drops below 20-EMA. It can sink pairs at 50-SMA and later $ 3.80.
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.