Bitcoin (BTC) is obsessed with a simple 200 -day moving average ($ 84,359), suggesting that the bull maintained pressure. This can improve the prospect of the uptrend, which can be informed that the revision stage may end.
Derivatives Nick Forster said that the current fullback is a normal fix that Bitcoin experiences in the long -term rally. He expects Bitcoin’s cycle peak not to come yet.
A positive sign for the bull is that the US Bitcoin Exchange Transaction Fund (ETF) began to see the inflow again. According to FARSIDE Investors data, SPOT BITCOIN ETFS has entered $ 555 million since March 14.
Encryption market data every day. source: Coin 360
But not everyone is optimistic about Bitcoin. KI Young Ju, the founder and CEO of cryptocurrency, said in a post about X that Bitcoin could be weak or left to the end after the Bull cycle ends for 6-12 months.
Can Bitcoin get out of the 200 -day SMA and start meeting at Altcoins? Let’s analyze the charts of the top 10 cryptocurrencies.
Bitcoin price analysis
Bitcoin is sold on SMA for 200 days, but the bull did not give up many land. It suggests that the bull does not abandon its position because it expects to escape in the short term.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
The optimistic propulsion is expected to be picked up during the break and ended above the 20 -day index moving average ($ 85,441). The BTC/USDT pairs can be climbed to 50 days SMA ($ 91,904).
This optimistic view will be denied in the short term if the price drops sharply in the EMA on the 20th and less than $ 80,000. Then the pair can fall to $ 76,606. Buyers are expected to defend $ 76,606 to $ 73,777 under all forces.
Ether price analysis
The narrow range of ethers (ETH) was solved on March 19, indicating that the bull overwhelmed the bear.
ETH/USDT daily chart. Source: COINTELEGRAPH/TradingView
The seller attempts to stop the relief rally at a failure of $ 2,111, but if the Bulls prevail, the ETH/USDT pairs can go up to the 50 -day SMA ($ 2,468). If this level crosses, the pair can increase to $ 2,850.
Instead, if the price drops sharply from $ 2,111, the bear will send a signal that the bear is trying to flip the level with resistance. The bear sinks and the price is less than $ 1,800, gaining an advantage.
XRP price analysis
XRP (XRP) surged on March 19, so it opened a rally on the resistance line.
XRP/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price drops in the resistance line, the XRP/USDT pair is likely to be supported by the 20th EMA ($ 2.36). In the 20 -day EMA, bounce increases the possibility of rest on the resistance line. Then the pair can go up to $ 3.
On the other hand, if the price refuses from the resistance line and is destroyed below the movement average, the risk of falling to $ 2 is increased to $ 2. The seller will control less than $ 2.
BNB price analysis
BNB (BNB) closed more than 50 SMA ($ 618) on March 17, but the bull is struggling to maintain higher levels.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
Fullback is expected to be supported by EMA ($ 602) on the 20th. If the price rebounds the EMA for 20 days, the emotions will be suggested, from rally sales to deep purchases. This increases the possibilities of more than $ 644. The BNB/USDT pairs can be rally at $ 686.
Conversely, the rest and finish under the 20 -day EMA suggest that the bull is booking profits. It can sink the pair to $ 550.
Solana price analysis
Solana (SOL) rebounded $ 120 to $ 110 on March 18, indicating that the bull is actively defending this area.
SOL/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the buyer prevents the price exceeding the EMA ($ 137) on the 20th, it suggests the start of recovery. The SOL/USDT pairs can be rally for 50 days SMA ($ 167) and then $ 180.
On the contrary, if the price drops in the 20 -day EMA, the bear will be controlled. Rest under the support area suggests the beginning of the next leg of the down trend. There are some support for $ 98, but if the level collapses, the pair can drop to $ 80.
Cardano price analysis
Cardano (ADA) has been trading between the upward trend line and the moving average for the last few days and indicates uncertainty about the next direction movement.
ADA/USDT daily chart. Source: COINTELEGRAPH/TradingView
The downward moving average and the RSI just below the middle point provide a little advantage to the bear. If the price descends from the moving average and destroys it below the rising line, the ADA/USDT pair can eventually drop to $ 0.50, which will eventually drop to $ 0.50.
On the contrary, it suggests that the bulls have returned to the game on a place close to the relaxation above. The pair can go up to $ 1.02, which is expected to be sold actively.
Dogecoin price analysis
Dogecoin (DOGE) is sold near EMA ($ 0.18) on the 20th and indicates that bears are activated at higher levels.
Doge/USDT Daily Chart. Source: COINTELEGRAPH/TradingView
Bears will try to reduce the price of $ 0.14 or less. If they do so, it will inform you of the resumption of the decline. Doge/USDT pairs can be in psychological support of $ 0.10.
If the buyer does not give up a lot of evidence at the current level, the off -breaking outlook for the 20 -day EMA will be improved. Then the pair can go up to $ 0.25 and go up to $ 0.29.
relevant: Fund managers throw away US stocks at record speeds. Can the recession hurt Bitcoin?
Chain Link price analysis
The chainlink rose to EMA ($ 14.66) on the 20th, but the bull is expected to face the bear’s stiff resistance.
Link/USDT daily chart. Source: COINTELEGRAPH/TradingView
When the price comes from EMA on the 20th, Bears will again try to reduce the link/USDT pair under $ 12 support. If they do so, the pair can go down to $ 10 important support.
Alternatively, damage and closing above the 20 -day EMA suggests that the collapse under the channel is a bear trap. The pair can go up to 50 days SMA ($ 17.22) and later up to $ 19.25.
One is the price analysis of the lion.
Unus SED Leo (Leo) has been trading in a strict range between $ 10 and $ 9.60 for the last few days, suggesting that the bull is maintaining its position when anticipating a higher movement.
Leo/USD every day chart. Source: COINTELEGRAPH/TradingView
If the buyer drives and keeps the price for more than $ 10, the Leo/USD pair will complete the optimistic upside triangle pattern. The pair then can begin to improve toward the pattern goal of $ 12.04.
Unlike this family, if the price falls and the price falls below $ 9.60, you can see that the bull has given up. The pair can then fall to the upward line, which is expected to attract buyers again.
Toncoin price analysis
Toncoin (TON) has been faced with resistance in SMA ($ 3.56) for 50 days, but a positive sign is that the bull did not collect the land on the bear.
Tone/USDT daily chart. Source: COINTELEGRAPH/TradingView
This increases the possibility of rest and is closer to 50 days SMA. In this case, the ton/USDT pairs can go up to $ 4.50 and go up to $ 5. The seller is expected to be active nearly $ 5.
This positive view is in the short term if the price drops and the 20th EMA ($ 3.26) is destroyed. This represents sales at a higher level. Then the pair can fall to $ 3.
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.