Bitcoin (BTC) has returned this week and has risen more than 7%, showing a solid purchase at a lower level. Arthur Hayes, the co -founder of Bitmex, said in X’s post that the US bond market crisis can set the stage of more policy response and can lead to Bitcoin’s “Up Only Mode.”
Blockchain and Intelligence Platform GlassNode said in X’s post that Bitcoin has built a strong support of $ 79,000 and has accumulated about 40,000 bitcoins. Bollinger band maker John Bollinger also reflects a similar view. In X’s post, Bollinger said Bitcoin formed “Classic Bollinger Band W floor” but needs to be confirmed.
Encryption market data every day. source: Coin 360
Market participants will closely watch the US dollar index (DXY) performance, which is traded below 100 levels. Additional weaknesses in the US dollar can be optimistic for Bitcoin.
If Bitcoin maintains a higher level, you can increase the emotions of the cryptocurrency sector. It can cause recovery from the selected Altcoins. What is Cryptocurrencies that can benefit from Bitcoin’s strengths?
Bitcoin price analysis
Bitcoin was broken on the resistance line on April 12. This is the first sign that the correction stage may end.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
Bears are likely to not give up easily and will try to reverse the price than the 20 -day index moving average ($ 82,885). If they do so, it suggests that the bear is activated at a higher level. The BTC/USDT pairs can fall to $ 78,500.
Buyers are likely to have different plans. They will try to defend the EMA for 20 days. If the price rebounds in the EMA for 20 days, it will make a change in emotions from rally sales to deep purchases. This improves the rally outlook to $ 89,000, then to $ 95,000.
BTC/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The 20-EMA is inclined, the relative robbery index (RSI) is in a positive area and is advantageous for the bull. The rebound of 20-EMA suggests that the bull is trying to support the resistance line. This pair can be sold for $ 89,000, but is likely to cross. It can be carried out from $ 92,000 to $ 95,000.
Disadvantages, the average moving average is an important support for the bull to defend. If they fail their efforts, the pairs may plung to $ 78,500.
Hyperclicade price analysis
Hyperliquid (Hype) was closed on April 11th to SMA ($ 15.14) on April 11 and reached an overhead resistance of $ 17.35 on April 12.
Excessive advertising/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20 -day EMA ($ 13.84) has begun, and the RSI rises near 56, suggesting that the buyer has an advantage. The seller is trying to defend the $ 17.35 resistance, but if the Bulls prevail, the Hype/USDT pair can start a rally at $ 25 for $ 21.
This optimistic view will be denied in the short term if the price falls from $ 17.35 and destroys under the 20 -day EMA. The pair can then fall to $ 12, which is expected to attract buyers.
Excessive advertisement/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
This pair went back to 20-EMA, which is an important short-term support to be careful. When the price pops out of 20-EMA, it signals deep purchases. Then the bull will try one more attempt to overcome the barrier for $ 17.35. If they succeed, the pairs can rise to $ 21. There’s a little resistance for $ 18, but it’s likely to cross.
The seller must keep the price lower than the 20-EMA to weaken the optimistic momentum. Then the pair was able to go down to 50-SMA.
Ondo price analysis
Ondo (ondo) is out of the downward trend line and suggests that bears can lose grip.
Ondo/USDT Maeil Daily Chart. Source: COINTELEGRAPH/TradingView
Recovery is faced with sales of nearly $ 0.96, but you can get support from EMA ($ 0.83) on the 20th. If the price rebounds on the 20th EMA, Bulls will try to drive the onDo/USDT pair for $ 0.96 or more. If they did so, the pair was able to pick up momentum and meet at $ 1.20.
Sellers are likely to have different plans. They will try to return the price under the EMA on the 20th. If they can pull it, the pair can fall to $ 0.79.
Ondo/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The four -hour chart shows that this pair is sold in a resistance area of $ 0.93 ~ $ 0.96. The buyer must maintain the price more than 20-EMA to maintain its superiority. If the price rebounds at 20-EMA at strength, the possibility of rest is more than $ 0.96. Then the pair can go up to $ 1.05 and go up to $ 1.20 later.
Instead, if the price has a slide of less than 20-EMA, it suggests that the demand is dried at a higher level. Then the pair can go down to 50-SMA.
relevant: Trump tariff relief increases the Bitcoin $ 86K and Breakout probability.
Price analysis rendering
Render (RNDR) has reached an overhead resistance of $ 4.22, where the bear is expected to show strong defense.
RNDR/USDT daily chart. Source: COINTELEGRAPH/TradingView
The moving average is just before the crossover of the strong, and the RSI climbs to a positive area and shows the benefits to the buyer. If the price rises by more than $ 4.22, the RNDR/USDT pairs complete the double floor pattern. There’s a little resistance for $ 5, but it’s likely to cross. Then the pair was able to climb with a pattern goal of $ 5.94.
Contrary to this assumption, if the price is rapidly lowered from $ 4.22 and lower than the moving average, it represents a range of bounds in the short term.
RNDR/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
This pair is sold for $ 4.06, but fullback is likely to be supported at 20-EMA. If the price rebounds at 20-EMA, it suggests that emotions remain positively. It improves the view of rest of $ 4.22 or more. The pair may face resistance between $ 4.60 to $ 5, but if the price does not drop to less than $ 4.22, it will announce the beginning of a new movement.
As an alternative, the rest and the rest under 20 Jama suggest that the bull is losing the grip. Then the pair falls to 50-SMA and signals the integration in the short term.
Kaspa price analysis
Kaspa (KAS) is closed on April 12th to 50 SMA ($ 0.07) and indicates that sales pressure is decreasing.
KAS/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20 -day EMA ($ 0.07) began to appear, the RSI went up to a positive territory, suggesting that the route of the minimum resistance is rising. If the buyer drives the price more than $ 0.08, the KAS/USDT pair completes the double floor pattern. This optimistic setting is $ 0.12 for targets.
On the contrary, if the price falls from $ 0.08 and destroys below the 20 -day EMA, it will inform the formation. The pair can swing between $ 0.08 and $ 0.05 for a while.
KAS/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
This pair refused at $ 0.08, but it is likely to be supported at 20-EMA. If the price rebounds at 20-EMA, the pair can rally to the top of the range. This is an important resistance to be careful. If the buyer overcomes the overhead barrier, the pair can start a new job with $ 0.09.
This positive view is in the short term if the price drops and is lower than the $ 0.07 support. It can hold the pair in the range for a while.
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.