BITCOIN (BTC) rose 4.25% last week, up 4.25% to more than $ 86,000, while Bulls extended more than $ 88,700 on March 24. 10X research founder Markus Thielen proposed a “upstream upstream” of Bitcoin’s reversal indicators on March 23.
The buyer seems to be returning to the market. According to SOSOVALUE DATA, the US Spot Bitcoin Exchange-Traded Funds (ETF) witnessed the net inflow of $ 778 million last week after leaking last week. However, Ether ETF could not duplicate similar performance as it had witnessed the fourth consecutive net leak.
Daily Cryptocurrency market performance. source: Coin 360
Analysts are divided into Bitcoin’s short -term price behavior. The selected analysts believe that Bitcoin can make a significant resistance near $ 90,000 and start a full back for $ 80,000. In contrast, he said that Bitcoin will meet $ 110,000 before Bitcoin falls to $ 76,500 before Arthur Hayes’s Maelstrom’s Maelstrom’s Maelstrom.
Can Bitcoin Bulls maintain the amount of exercise and push the price to more than $ 90,000? Will Altcoins follow Bitcoin higher? Let’s analyze the chart and find out.
S & P 500 index price analysis
The S & P 500 index (SPX) has risen to the 20 -day index moving average (5,742), where the bear is expected to come in.
Spx daily chart. Source: COINTELEGRAPH/TradingView
If the price drops in EMA on the 20th, Bears pulls the index to less than 5,670. If they succeed, the index allows you to test the critical support area between 5,600 and 5,500.
On the other hand, EMA over 20 days will be the first sign that correction may end. The index then tries to rise to a simple 50 -day moving average (5,913).
US dollar index price analysis
The US dollar index (DXY) rebounded 103.37 on March 19, indicating that the bull tries to form a floor.
Dxy daily chart. Source: COINTELEGRAPH/TradingView
The index can reach EMA (104.59) on the 20th, which is important to be careful. On the 20th, if the index is rapidly lowered in the EMA, Bears will again try to calm down less than 103.37. If they can pull it, the index can collapse to 102 and eventually 101.
On the contrary, the EMA, which is close to the 20 -day break, suggests that bears are losing their grips. The index can go up to a failure level of 105.42, which can act as a powerful barrier.
Bitcoin price analysis
Bitcoin exceeded the EMA ($ 85,572) on March 23, suggesting a strong recovery.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20 -day EMA is flat and the RSI goes up to a positive territory and represents some advantages to the bull. The relief rally is expected to face stiff resistance in the 50th SMA ($ 90,290). The price refuses from the 50 -day SMA, but when it is supported by the 20 -day EMA, it shows positive feelings. This increases to $ 95,000 and then increases to $ 100,000.
On the contrary, if the price descends from the 50 -day SMA and destroys it below the EMA, it suggests that the bear is activated at a higher level. The fall of less than $ 83,000 can sink the BTC/USDT pair to $ 80,000.
Ether price analysis
The ether (ETH) bulls are again trying to pursue the price of more than 20 EMA ($ 2,057) and more than $ 2,111.
ETH/USDT daily chart. Source: COINTELEGRAPH/TradingView
If they do so, they will notify that the market has rejected less than $ 2,111. The ETH/USDT pairs can be gathered for 50 days SMA ($ 2,356) and $ 2,550.
Time is coming from the bear. To keep this advantage, you have to defend the $ 2,111 level and quickly pull the price to less than $ 1,750. This can be resumed to $ 1,550 with the next support.
XRP price analysis
XRP (XRP) was shown in EMA ($ 2.38) on March 23, and indicates that Bulls is using Deep.
XRP/USDT daily chart. Source: COINTELEGRAPH/TradingView
The bull tries to push the price to $ 2.59 or more. If they do so, the XRP/USDT pairs can be climbed to the resistance line, where the seller is expected to show strong defense.
The price is lowered from the resistance line, but if you rebound the 20 -day EMA, you will have a positive feeling. It improves the view of rest on the resistance line. Then the pair can be gathered for $ 3.
The seller must pull the price of less than $ 2.20 to capture control. It can remove the re -test path of important support for $ 2.
BNB price analysis
BNB (BNB) pops out of the moving average and indicates a change in emotions from rally sales to deep purchases.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price rises and the $ 644 is over $ 644, the resumption of recovery appears. The BNB/USDT pairs can go up to $ 686 or more.
The 20th EMA ($ 613) is a powerful support to be careful about the shortcomings. Take a break under the EMA of less than 20 days to weaken optimistic propulsion. This pair can be 38.2% Pivornacci and slides to $ 591.
Solana price analysis
Solana (SOL) indicates that the bull is attempting a comeback beyond the EMA ($ 135) on March 24.
SOL/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price is maintained above the 20 -day EMA, the SOL/USDT pair can rise to 50 days SMA ($ 158). The seller tries to stall the rally on the 50th SMA, but if the bull is overcoming obstacles, the pair can increase to $ 180. It will bring a large range of $ 110 to $ 260.
On the contrary, if the price falls from the current level or the 50 -day SMA, the bear suggests that the bear remains as a seller. To start the next leg of the down trend, the bear must yoke the price below $ 120 to $ 110.
relevant: How long does Bitcoin’s price integration last?
Dogecoin price analysis
Dogecoin (DOGE) rises from EMA ($ 0.18) on the 20th, indicating that the bull maintained pressure.
Doge/USDT Daily Chart. Source: COINTELEGRAPH/TradingView
If the price ends more than 20 days EMA, the Doge/USDT pair can go up to 50 days SMA ($ 0.21) and go to $ 0.24 later. The seller is expected to defend the level, but if the bulls dominate, the pair can increase to $ 0.29.
On the contrary, if the price refuses from the EMA on the 20th and destroyed less than $ 0.16, the bear will be maintained at a higher level at a higher level. Then the pair may be in critical support of $ 0.14.
Cardano price analysis
Cardano (ADA) has been trading between the moving average and the rising line for the last few days.
ADA/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the bear does not settle down the price due to the upward line, it suggests that there is a shortage of sales at a lower level. The buyer tries to strengthen his position by pushing the price at a higher price than the moving average. If you do so, the ADA/USDT pair can rise to $ 0.84 and then rise to $ 1.02.
This positive view is invalidated in the short term when the price falls from the moving average and destroyed under the upward line. It can sink with a pair of $ 0.58 and eventually $ 0.50.
Chain Link price analysis
Chain links (links) are decomposed in EMA ($ 14.60) on March 24, indicating that the trend may end.
Link/USDT daily chart. Source: COINTELEGRAPH/TradingView
Link/USDT pairs can be raised to 50 days SMA ($ 16.34), which can act as a stiff resistance again. If the price drops in the 50 -day SMA, the pair is likely to receive support from the 20 -day EMA. If the price rebounds on the 20th EMA, the possibility of rally will increase to $ 19.25.
If the bear wants to prevent the rise, the price should be pulled quickly to less than $ 13.82. It can sink in a support line of the channel near $ 12.
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.