Bitcoin (BTC) remained largely over USD 80,000 from March 11, which indicates that the bulls are not waiting for a deeper correction. Failure to comply with a price above USD 86,000 shows that the bears did not give up and continued to sell at rallies.

COINSHAres Weekly report shows that commercial products of cryptocurrency exchange (ETP) were witnesses $ 1.7 billion of outflows last week. This charges the total five -week drains to $ 6.4 billion. In addition, the series of drains reached 17 days, marking the longest negative series since the start of Coinshares records in 2015.

That’s not all darkness and fate for long -term investors. Co -author Cryptochan Shayanbtc said that investors who bought Bitcoins from three to six months ago show a pattern of accumulation. Historically, similar behavior “played a key role in creating the DNA of the market and saving new growths.”

Will the buyer be able to catapult Bitcoins above the level of resistance to general? How are altcoins placed? Let’s analyze the charts to find out.

S&P 500 index price analysis

The S&P 500 (SPX) index is in a robust corrective phase. Fall to 5 504 on March 13 sent a relative force indicator (RSI) in the soldier territory, signaling the possible rally in the near future.

Bears will try to stop the recovery in the resistance zone from 5670 to 5773. If they succeed, they signal that the sentiment remains negative and traders sell at rallies. This increases the risk of falling to 5400. It is expected that the bulls will defend the level of 5400 with all their power, because the decrease below may sink the index to 5 100.

On the other hand, the break and closing above the 20-day interpretation of the movable medium (5780) will signal strength. The index can then enhance to the 50-day straight movable average (5938).

Analysis of the price of the American dollar index

The destitute reflection of the 103.37 service in the American dollar index (DXY) suggests that the bears maintained pressure.

Sellers try to sink an index below 103.37. If they manage to pull it out, the decrease may extend to 102, and then to 101.

And vice versa, if the price appears from the current level and breaks above 104, it signals that the buyers are trying to return. The index may enhance to the 20-day EMA (105), which will probably attract sellers. If the buyers are not subject to a bear bear, interruption prospects above 20-day EMA will enhance. The index could then be gathered to the 50-day SMA (107).

Bitcoin prices analysis

Bitcoin in the near future tried to create a higher level, building the power to exceed the 200-day SMA (USD 84,112).

The positive discrepancy of the RSI suggests that the bears are weakening. If the buyers manage a price above 20-day EMA (85 808 USD), the BTC/USDT pair may enhance to 50-day SMA (USD 92,621).

In contrast to this assumption, if the price drops rapidly from the 200-day SMA, it indicates that bears are trying to transform the level into resistance. The couple can move to USD 80,000, and next to 76,66,66 USD.

Analysis of ether prices

Ether (ETH) trades from 1963 to USD 1,821, which signals the lack of aggressive purchase at current levels.

If the price drops below 1,821 to 1754 USD support zone, it will indicate the resumption of the inheritance. The ETH/USDT pair can then transfer the next significant support of USD 1,550.

This negative view will be annulled in the near future if the price appears and breaks above 20-day EMA (USD 2,107). The couple can rise to a 50-day SMA (USD 2,514), where bears will probably sell aggressively. However, if the bulls pierce the 50-day SMA resistance, the pair can collect up to USD 2,857.

XRP price analysis

XRP (XRP) rejected from 50-day SMA (USD 2.51) on March 15, which indicates that bears are dynamic at higher levels.

20-day EMA (USD 2.34) has expanded and RSI is near the middle point, which indicates the balance between supply and demand. The XRP/USDT pair may get stuck between 50-day SMA and USD 2 for some time.

If the price appears from the current level and a break above 50-day SMA, it will tidy the path of a potential rally to 3 USD. Instead, the break and closing below USD 2 will complement the head and paradise pattern. The couple can then drop to USD 1.28.

BNB price analysis

BNB (BNB) appeared from a 20-day EMA (USD 598) and increased above 50-day SMA (USD 620), which indicates that the correction may end.

The 20-day EMA began to appear, and RSI increased positive in territory, which indicates a slight advantage for bulls. If the price stays above 50-day SMA, the BNB/USDT pair can collect up to USD 686, and ultimately to 745 USD.

The 20-day EMA is a critical support that should be careful about. The break and closing below the 20-day EMA signals that the bears took control. The couple can then go down to robust support of $ 500.

Solana price analysis

Solana (SOL) rejected from 20-day EMA (USD 139) on March 16, signaling that the bears aggressively defend the level.

The Sol/USDT pair can drop to USD 120, and then to $ 110, where the buyers are expected to enter. If the price reflects from the support zone, the Bulls will again try to drive the SOL/USDT pair above 20-day EMA. If they manage to do this, the couple could enhance to USD 180.

This positive view will be annulled in the near future if the price is lower and breaks below the support zone. It can start down to $ 100, and then to USD 80.

Related: Ethereum Onchain data suggest that the price of ETH 2,000 USD is currently absent

Dogecoin price analysis

Dogecoin (dog) gradually grows towards 20-day EMA (0.19 USD), which is an essential resistance in a compact period.

If the price drops rapidly from an EMA, suggests that the bears sell on every compact rally. This increases the risk of break below USD 0.14 support. If this happens, the Doge/USDT pair may drop to 0.10 USD.

On the contrary, a break and closing above 20-day EMA indicates that sales pressure is decreasing. The pair may enhance to 50-day SMA (0.23 USD), and later to 0.29 USD. A break and closing above 0.29 USD suggests that the buyers are returning to the driver’s seat.

Cardano price analysis

Cardano (ADA) trades below 20-day EMA (0.76 USD) from March 8, but the bears did not happen to the rising line. This suggests that sales will arid at lower levels.

Buyers will have to enhance the price above the average traffic to start constant recovery. ADA/USDT pair can enhance to USD 1.02, where bears can again take a robust defense.

In contrast to this assumption, if the price drops from the average movable, suggests that bears will remain under control. This increases the likelihood of a decline below the growth line. If this happens, the couple may drop to USD 0.50.

PI price analysis

PI (PI) gradually moves towards support in the amount of USD 1.23, which will probably attract purchases from bulls.

If the price revives $ 1.23 with strength, the PI/USDT pair may try to return to USD 1.80. Sellers are expected to be a robust challenge of USD 1.80, but if the bulls win, the couple can collect up to $ 2, and then to USD 2.35.

On the contrary, if the price drops from USD 1.80, it signals the range formation. The couple can range from $ 1.23 to USD 1.80 for a moment. Sellers will strengthen their position at a break below USD 1.23. The couple may then fall to the withdrawal level 78.6% 0.72 USD.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.