The US dollar index (DXY) plunged below the 98th level on April 21, dropping to three years. The gold won the gold medal at the highest record, and Bitcoin (BTC) also showed more than $ 88,000.
Arthur Hayes, co -founder of Bitmex and the chief investor officer of Maelstrom, thinks Bitcoin is a “last chance” to buy less than $ 100,000. Hayes expects that the Federal Reserve will announce the Treasury repurchase to act as a “bazooka” for the price trajectory of Bitcoin.
Whales are accumulated in March and April and are ready to move. According to GlassNode data, the number of wallets with more than 1,000 bitcoins increased from 2,037 at the end of February to 2,107 on April 15.
Can Bitcoin Bulls be able to trigger the rally to $ 100,000 by maintaining a higher level? Will Altcoins follow? Let’s analyze the chart and find out.
S & P 500 index price analysis
The S & P 500 Index (SPX) recovery hit the wall on April 14 at the index moving average (5,399).
Level 5,119 is an important support to be careful in the fall. If this level is turned off, the index may drop to 4,950. The bull is expected to actively defend the area between 4,950 and 4,835.
Instead, if the price rebounds at 5,119, the bull is trying to form a lower lower. The index then can vibrate between 5,119 and 5,500 for a while. The buyer must pursue more than 5,500 to announce that the modification may end.
US dollar index price analysis
The US Dollar Index resumes the decline on April 21, indicating that bears are responsible.
The index can collapse at 97.50, which can act as a strong support. The overall acid level of the relative strength index (RSI) represents a short -term relief rally. The seller is expected to actively defend the area between 99 and 100.27 to recovery attempts. If the price drops in the overhead area, the index is at risk of 95.
The first sign of the robber is rest and will be more than 100.27 resistance. This represents a solid purchase at a lower level. If the buyer promotes the price of EMA or more on the 20th, it is possible to change the short -term trend (101.64).
Bitcoin price analysis
Bitcoin showed a decisive movement a few days after a narrow range trading, and the price reached an important resistance in the 200 -day SMA ($ 88,238).
The moving average is to complete the crossover of the stronger, and the RSI goes up to a positive territory and shows the benefits to the buyer. If the 200 -day SMA is scaled, it suggests that the BTC/USDT pairs can reach the bottom in the short term. This pair has been $ 95,000, then psychologically $ 100,000.
The 20 -day EMA ($ 84,176) will act as a strong support among all full bags. If you take a break under the EMA of less than 20 days, the bear has returned to the game. Then the pair can fall to $ 78,500.
Ether price analysis
Ether (ETH) remains in the decline, but the bull is trying to start a relief rally by promoting the price of more than EMA ($ 1,659) on the 20th.
Recovery is expected to be sold in areas between $ 1,754 to 50 days SMA ($ 1,846). If the price drops in the overhead zone, the risk of relaxation of less than $ 1,368 increases.
On the contrary, rest and finish over 50 days summarize the rally the path of $ 2,111. The seller is expected to defend the level with all the power because the ETH/USDT pairs can be bottomed out. Then the pair can rise to $ 2,600.
XRP price analysis
XRP (XRP) rises more than the 20 -day EMA ($ 2.09), indicating that the weakness has weakened.
The 50 -day SMA ($ 2.21) has a resistance, but when the level crosses, the XRP/USDT pair can march towards the resistance line. The seller is expected to defend the resistance line violently.
The $ 2 level is important support in the disadvantages. Relaxing and less than $ 2 show that bears are in command. Then the pair falls to $ 1.72 and eventually falls to $ 1.61.
BNB price analysis
BNB (BNB) broke up in the fall line on April 21.
The nearest place on the down trend line opens the rally the door to $ 645. The seller attempts to stop the UP movement for $ 645, but if he does not give up a lot of bulls, the BNB/USDT pair can rise to $ 680.
Time for bears is coming. If they want to come back, they should bring the price to less than $ 566. This movement indicates that the market has rejected the failure on the drop. Then the pair was able to spend more time in the triangle.
Solana price analysis
Solana (SOL) is gradually climbing to the overhead resistance area of $ 148-153, indicating that bears are losing grips.
The moving average is just before completing the crossover of the strength, the RSI is in a quantity zone, and the resistance path is upward. If the buyer penetrates the overhead zone, the SOL/USDT pair can be rallyed at $ 180.
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On the contrary, if the price drops sharply in the overhead area, it suggests that bears are sold at the rally. It can keep the pair range from $ 153 to $ 120 for a while.
Dogecoin price analysis
Dogecoin (DOGE) is obsessed with EMA ($ 0.16) on the 20th, indicating that sales pressure is decreasing.
Flatting the 20 -day EMA and RSI near the midpoint suggests a balance between demand and demand. 50 days SMA ($ 0.17) rest and finishes are advantageous for the bull. Then the Doge/USDT pairs can be rally at $ 0.21.
The $ 0.14 level is the main support to be careful about the shortcomings. The seller must yoke the price of less than $ 0.14 to announce the resumption of the decline. This pair can fall to $ 0.13.
Cardano price analysis
The bull is trying to maintain Cardano (ADA) above the EMA ($ 0.63) on the 20th and signals the comeback.
The ADA/USDT pair can rise to 50 days SMA ($ 0.69), which is an important short -term resistance for careful. It suggests that the correction stage may end if the buyer kicks the price of SMA or more 50 days. This pair was able to go up to $ 0.83 and then went up to $ 1.03.
If the price drops in the 50 -day SMA, Bulls tries to stop the fullback on the 20 -day EMA. If this happens, it is more likely to rise than the 50 -day SMA. This will be advantageous to Bears at a break of $ 0.58 or less.
Chain Link price analysis
The chainlink closed over the EMA ($ 12.90) on April 19 and reached the 50th SMA ($ 13.63).
The seller attempts to defend the SMA on the 50th, but if the bull overcomes the barrier, the link/USDT pair can pick up momentum and meet the resistance of the down channel pattern. The $ 16 level can be an obstacle, but it’s likely to cross.
The first support for the shortcomings is EMA and $ 11.68 on the 20th. Rest and less than $ 11.68 suggest that bears are in control. The pair can then fall into a support line that is expected to come in.
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.