Bitcoin (BTC) rises by about 1% for a week, indicating a balance between supply and demand. Analysts expect a quiet Easter weekend, but they are divided into Bitcoin’s next direction.
Network Economist Timothy Peterson says the US high -yield effective returns increased by more than 8%. There have been 38 cases since 2010, and Bitcoin has increased 71%after three months. Bitcoin recorded 31%average profit and worst losses at -16%. PETERSON expects a transaction between $ 75,000 and $ 138,000 within 90 days based on historical data.
Not everyone shares optimistic views. Bloomberg’s senior product strategist MIKE MCGLONE can fall to the Bitcoin and S & P 500 indexes in X’s posts, which can fall to each 200 weeks simple moving average, which historically acts as a floor during its main modifications. Bitcoin’s 200 -week SMA is nearly $ 46,000.
What is Bitcoin’s critical support and resistance level? Which cryptocurrency can be rally if Bitcoin goes beyond overhead resistance?
Bitcoin price analysis
Bitcoin has maintained an index moving average ($ 83,704) for the last few days, but the bull has not challenged the 200 -day simple moving average ($ 88,098).
If you do not start a rally, you can pressure the BTC/USDT pairs in the short term. If the price falls and destroys it under the EMA on the 20th, it suggests that the bull has given up. It will open the door to $ 78,500, accordingly, with important support of $ 73,777.
To prevent the disadvantage of the buyer, it is necessary to quickly pursue the price of SMA more than 200 days. This indicates that the modification stage is over. This pair can increase to $ 95,000 and eventually increase to a psychological level of $ 100,000.
This pair was traded within a tight range from $ 83,000 to $ 86,000. If you do not exceed the overhead resistance, you can withdraw the price below the moving average with the temptation to book a short -term bull. Transactions within range are randomly and volatile.
The rest and finish under the range can fall to $ 80,000 and then start to fall to $ 78,500. On the other hand, more than $ 86,000 rest and finishes were able to pursue the pair at $ 89,000.
BNB price analysis
BNB (BNB) faces resistance in the down trend line, but a positive sign is that the bull did not cut the ground to the bear.
The moving average is flat and the RSI is close to the middle point, indicating a balance between supply and demand. If the buyer pushes the price than the down trend line, the BNB/USDT pair can be rallyed at $ 644.
Contrary to this assumption, it indicates that the bear is activated at a higher level when the price drops sharply in the fall line. Rest of less than $ 576 can be paired inside the triangle for more time.
The pair has reached a down trend line, which is expected to raise a powerful challenge. Important support for the shortcomings is 50-SMA and $ 576. If the price rebounds in support, it represents a deep purchase. This increases the possibility of rest on the downward trend. Then the pair can go up to $ 620.
On the contrary, the signal of $ 576 or less that the buyer has given up is rest and finish. As a result, the price is reduced to $ 566, allowing the stay inside the triangle for a while.
Hyperclicade price analysis
Hyperklicade (over -advertising) has risen and closed above $ 17.35 on April 19, but the bull is selling at a higher level.
If the price rises from $ 17.35, it suggests that you are buying all minor dip. It summarizes the rally to $ 21, then $ 25.
Or the signal that the bear is trying to trap an aggressive bull is a break and finish of less than $ 17.35. The next support for the shortcomings is the 20th EMA ($ 15.32). If the price rebounds in the 20 -day EMA, Bulls again attempts to overcome obstacles of $ 17.35.
If the hype/USDT pairs come down and break down the moving average, the optimistic views are denied in the short term.
The pair dropped to a breakout level of $ 17.35. If the price rebounds from $ 17.35 and rises more than $ 18.54, you can see that the bull has supported the level. It improves the view of the assembly to $ 21.
On the contrary, if the price is less than $ 17.35, it suggests that bears are trying to regain control. 50-SMA is an important support to watch in the shortcomings because the rest below shows that the bull is losing the grip. Then the pair can go down to $ 14.65.
relevant: Bitcoin gains $ 90K short -term goals as ‘not safe’ during warning support.
Establishment price analysis
Bittensor (TAO) has reached a down trend line, which was superior to the moving average and the bear is expected to show strong defense.
If the price falls from the down trend line, the TAO/USDT pair is likely to be supported by EMA ($ 249) on the 20th. In the 20 -day EMA, a solid bounce improves the rally outlook beyond the downward line. Then the pair was able to soar to $ 360.
On the contrary, if the price drops and destroys it under the 20 -day EMA, the bear suggests that it can continue to control. Then the pair is expected to plunge with $ 222, and the buyer is expected to come in.
The RSI rises to an overbeat zone, suggesting that short -term fullback is possible. When the price rebounds at 20-EMA, it shows positive emotions. This increases the possibility of rest than the downward trend line. There’s a little resistance for $ 313, but it’s likely to cross.
On the contrary, rest and 20-EMA breaks indicate that short-term buyers are booking profits. It can pull the pair into 50-SMA.
Price analysis rendering
Render (RNDR) is out of the overhead resistance of $ 4.22 and indicates that the bull is attempting a comeback.
More than $ 4.22 completes the double floor pattern of strong. There is a resistance for $ 4.83, but it’s likely to cross. The RNDR/USDT pairs can be moved towards the $ 5.94 pattern goal.
The 20th EMA ($ 3.72) is an important support to be careful in the fall. The rest and finish below the moving average indicate that the market has rejected more than $ 4.22. It can be opened for support of $ 2.50.
This pair is $ 4.22, indicating overhead obstacles to the buyer. But bears are likely to not give up easily and try to withdraw the price below the brake out level. If the price rebounds from $ 4.22 and rises more than $ 4.48, you can see that the bull has supported the level. Then the pair may start to move to $ 5.
Instead, it suggests that if the price falls and destroys the average fall, the escape may be a bull ship. Then the pair can then fall into a critical support of $ 3.60.
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.