Bitcoin (BTC) shows strength as the buyer extracts the price of more than $ 82,500, but higher levels are likely to attract solid sales from bears. Encryption analysts said in a recent market report that Bitcoin can resist about $ 84,000, but if you run out, the next stop can be $ 96,000.
Trade tension between the United States and China has been applied, but Bitcoin, an institution’s crypto investment company, is still optimistic about Bitcoin. Bitwise’s chief investment officer, Matt Hougan, said in X’s post that the previous year -end goal of the company’s previous year -end goal remains $ 200,000 for Bitcoin.
Encryption market data every day. source: Coin 360
But market participants are cautious in the short term. According to the FARSIDE Investors data, the US -listed Bitcoin exchange trading funds continued to leak on April 9 and April 10.
Can Bitcoin be broken and persistent beyond overhead resistance? Will Altcoins follow more Bitcoin? Let’s analyze the charts of the top 10 cryptocurrencies.
Bitcoin price analysis
In the support of $ 73,777, Bitcoin’s recovery has reached near the resistance line, which is an important level to be careful in the short term.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
Although the 20 -day index moving average ($ 82,435) is decreasing, the relative strength index (RSI) is closer to the intermediate point, indicating that the weakness is weakening. The BTC/USDT pairs are expected to face intense sales in the resistance line, but if Bulls prevail, the rally can cost $ 89,000 or $ 95,000.
Sellers are likely to have different plans. They will try to defend the resistance line and get a lower price than the immediate support of $ 78,500. If they can do so, the pair can resume important support for $ 73,777.
Ether price analysis
Ether (ETH) rebounded $ 1,368 in April 9, but Bulls struggled to maintain higher levels.
ETH/USDT daily chart. Source: COINTELEGRAPH/TradingView
The downward moving average of negative territory and RSI suggests that the bear is holding the edge. The seller tries to calm down the ETH/USDT pairs of less than $ 1,368. If they can pick it, sales can be accelerated, and the pairs can fall to $ 1,150.
To prevent breakdowns, the price must be quickly promoted to more than $ 1,754. It summarizes the rally the path of $ 2,111. Rest of more than $ 2,111 suggests short -term trend changes, which is essential for bears to defend.
XRP price analysis
XRP (XRP) was higher than the $ 2 failure level on April 9, but recovery is sold on EMA ($ 2.09) on the 20th.
XRP/USDT daily chart. Source: COINTELEGRAPH/TradingView
When the price comes from the EMA on the 20th, Bears tries to calm down the XRP/USDT pairs with a $ 1.61 critical superport. The buyer is expected to defend the $ 1.61 level violently. This is because the rest below can remove the path to $ 1.27.
Or it suggests that if the price rises from EMA for 20 days, the market has refused to analyze less than $ 2. The pair can be rally on the resistance line, where the bear is expected to be strong.
BNB price analysis
BNB (BNB) has reached EMA ($ 590) on the 20th, which is an important short -term resistance to be careful.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
The seller tries to defend the area between the EMA and the down trend line on the 20th, but if the bull does not give up a lot of evidence, the relaxation prospects on the overhead resistance area will be improved. The BNB/USDT pairs can be up to $ 644.
Contrary to this assumption, if the price is rapidly lowered from the overhead resistance, the bear did not give up. It may be attached to the triangle for a while.
Solana price analysis
Solana (SOL) increased the level of $ 110 on April 9, but Bulls faces resistance in EMA ($ 121) on the 20th.
SOL/USDT daily chart. Source: COINTELEGRAPH/TradingView
The minor advantage of BULLS is that the price did not slip to less than $ 110 on April 10. This shows a deep purchase. If Bulls pays more than 20 days, the SOL/USDT pairs can be gathered at 50 days SMA ($ 133) to rise to $ 153.
This positive view is in the short term if the price drops sharply in the EMA on the 20th and less than $ 110. Then the pair was able to test the lowest $ 95 again on April 7.
Dogecoin price analysis
The buyer successfully defended $ 0.14 in Dogecoin (DOGE), but has not yet solved the moving average.
Doge/USDT Daily Chart. Source: COINTELEGRAPH/TradingView
If the price drops sharply from the moving average, the emotions are maintained negatively and the traders are selling at the rally. This increases the possibility of rest to less than $ 0.14. Then the Doge/USDT pairs can plunge towards the next important support of $ 0.10.
On the contrary, the rest is more than the moving average, which will be the first sign of the intensity. There is a resistance of $ 0.20, but when the bull is overcome, the double floor pattern is completed. This pair was able to march at $ 0.24 and then march at $ 0.26.
Cardano price analysis
Cardano (ADA) has reached EMA ($ 0.65) for 20 days, which is a powerful short -term resistance for monitoring.
ADA/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price rises above 20 days, the ADA/USDT pairs can reach 50 days SMA ($ 0.71). This level can be raised again, but if the buyer prevails, the pair can be rally at $ 0.83.
On the contrary, if the price drops sharply in the EMA on the 20th, it indicates that bears are sold in all minor rally. This increases the risk of rest with less than $ 0.50. In this case, the pair can slip to $ 0.40.
relevant: Bollinger Bands Creator says Bitcoin forms a ‘classic’ layer near $ 80K.
One lion price analysis
Unus SED Leo (Leo) returns to the rising line on April 9, showing solid demand at a lower level.
Leo/USD every day chart. Source: COINTELEGRAPH/TradingView
The 20th EMA ($ 9.38) is flat and the RSI is close to the middle point, suggesting a balance between demand and demand. If the price exceeds the 20 -day EMA, the Leo/USD pairs can reach an overhead resistance of $ 9.90.
It suggests that the bear is continuously selling at the rally when the price drops in the EMA on the 20th. Then the bear tries to settle down to $ 8.79. If they succeed, the decrease can be extended to $ 8.30.
Chain Link price analysis
ChainLink (link) was traded within a few days in the channel pattern. The April 9 rebound shows that the bull is trying to defend the support line.
Link/USDT daily chart. Source: COINTELEGRAPH/TradingView
The average moving average is expected to act as a stiff resistance on the way up. If the buyer pushes for a price than the moving average, the link/USDT pair can earn momentum and rally for $ 17.50 for $ 16.
On the contrary, if the price falls from the moving average, the bear is activated at a higher level. Then the bear tries to calm down the pairs under the support line.
Snowfall price analysis
Avalanche (Avax) rebounded $ 15.27 on April 9, which represents a solid purchase at a lower level.
Avax/USDT daily chart. Source: COINTELEGRAPH/TradingView
There is a resistance between the 50 -day SMA ($ 20) and the down trend line, but if you overcome the buyer’s guy, the Avax/USDT pair can increase to $ 23.50.
Sellers are expected to actively defend $ 23.50. The goal of this reversal setting is $ 31.73.
Instead, it suggests that if the price falls from the overhead resistance, the pair can be maintained from $ 15.27 to $ 23.50 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.