Bulcoin (BTC) Bulls exceeded the price above USD 87,000, even when American trading tariffs are to start on April 2. Bitcoin may remain unstable in the near future, but analysts remain stubborn in long -term perspective.
According to Fidelita’s analyst, Zack Wainwright, Bitcoin is currently in the acceleration phase, which “can end with a sharp, dramatic rally” if history repeats. If this happens, Wainwright expects $ 110,000 to be the initial basis of the next Upmove stage.
Daily view of cryptographic market data. Source: Coin360
Co -founder of Bitmex and investment director of Maelstrom, Arthur Hayes, said that if the federal reserve rotates to quantitative alleviation, then Bitcoin can collect up to USD 250,000 until the end of the year.
Can Bitcoin exceed the resistance worth $ 89,000, starting a rally in selected altcoins? Let’s analyze the charts of the 10 best cryptocurrencies to find out.
Bitcoin prices analysis
Bitcoin approached the resistance line, where the sellers are expected to be a solid challenge.
Daily BTC/USDT chart. Source: Cointelegraph/TradingView
The flattening 20-day interpretation average (USD 85,152) and a relative force indicator (RSI) just above the bear’s middle point signal losing the handle. This improves the prospects of the rally above the resistance line. If this happens, the BTC/USDT pair may boost to USD 95,000, and ultimately to $ 100,000.
Alternatively, if the price drops rapidly from the resistance line and breaks below USD 81,000, suggests that the bears have returned to the driver’s seat. The couple can then drop to USD 76 606.
Analysis of ether prices
Ether (ETH) reflected from the support of $ 1,754 on March 31, signaling that bulls are trying to create a double bottom pattern.
Daily chart ETH/USDT. Source: Cointelegraph/TradingView
Bears will try to stop the Relo rally on an EMA 20-day (USD 1965). If the price drops from a 20-day EMA, the ability to break below USD 1574 increases. The ETH/USDT pair may then fall to USD 1550.
On the contrary, the break and closing above the 20-day EMA opens the door to boost the failure level by USD 2111. If the buyer pierces this resistance, the pair will complement the double DNA formula, starting the rally to the target target of USD 2,468.
XRP price analysis
Penniless XRP (XRP) reflects the key support of 2 USD suggests a lack of aggressive purchase by bulls at current levels.
Daily chart XRP/USDT. Source: Cointelegraph/TradingView
This increases the risk of a break below USD 2. If this happens, the XRP/USDT pair will complement the bears pattern of the head and shoulders. This negative configuration can start down to $ 1.27. There is a support of USD 1.77, but it will probably be broken.
On the other hand, a break and closing above 50-day SMA (USD 2.39) suggests a solid purchase at lower levels. The couple can then gather to the resistance line, where the bears are expected to attach sturdy defense. The break and closing above the resistance line signals a potential change of trend.
BNB price analysis
The attempt to recover BNB (BNB) stuck in a deadlift of the average movement on April 1, which indicates that bears sell at rallies.
Daily chart BNB/USDT. Source: Cointelegraph/TradingView
Bears will try to strengthen their position by pulling a price below USD 587. If they manage to do this, the BNB/USDT pair may go down to 50% of the fibonacci level of $ 575, and then to 61.8% of $ 559. The deeper the withdrawal, the greater the time needed to return to the couple.
The break above the average movable is the first sign that sales pressure has decreased. The couple can accumulate up to USD 644, and then to USD 686, which can attract sellers.
Solana price analysis
Solana (SOL) is squeezed between 20-day EMA (USD 132) and 120 USD support, signaling a possible range of range in a low period.
Daily Sol/USDT chart. Source: Cointelegraph/TradingView
If the price breaks and closes above the 20-day EMA, it suggests that the buyers incapacitated sellers. The SOL/USDT pair may boost to 50-day SMA (145 USD), and then to USD 180.
This positive view will be annulled in the near future if the price drops from the average movable and breaks below 120 USD. This can attract a price to $ 110, where the buyers are expected to enter.
Dogecoin price analysis
Dogecoin (dog) remains pinned below 20-day EMA (0.17 USD), which indicates that bears are still selling on miniature rallies.
Daily Doge/USDT chart. Source: Cointelegraph/TradingView
The first sign of strength will be a break and close above 20-day EMA. The Doge/USDT pair can boost to USD 0.21, which can act as a sturdy barrier. If the buyers pierce USD 0.21 resistance, the pair can accumulate up to USD 0.24, and later to 0.29 USD.
Sellers will probably have other plans. They try to defend the average walking and will draw a price below 0.16 USD. If they manage to do this, the couple can go to the support of 0.14 USD. The break and closure below 0.14 USD can sink a pair to 0.10 USD.
Cardano price analysis
Buyers are trying to push Cardano (ADA) back above the growth line, but the bears are likely to sell near medium traffic.
Daily chart ADA/USDT. Source: Cointelegraph/TradingView
Downsloping 20-day EMA (0.71 USD) and RSI just below the middle point signal that has the advantage. If the price drops and breaks below 0.63 USD, the Ada/USDT pair may drop to 0.58 USD, and then to 0.50 USD.
Buyers will have to run and maintain a price above 50-day SMA (0.75 USD) to signal a potential trend change in the near future. The couple can accumulate up to USD 0.84, which can act as an obstacle.
Related: Will the price of bitcoins break down again?
Toncoin price analysis
Toncoin (tonnes) crashed above the resistance worth USD 4.14 on March 1, but Bulls could not keep a breakthrough.
TON/USD Daily. Source: Cointelegraph/TradingView
A miniature positive in favor of bulls is that they did not allow a price to fall well below USD 4.14. This increases the ability to break above the overall resistance. A pair of tons/USDT can accumulate up to $ 5, and later to $ 5.50.
20-day EMA (USD 3.71) is a critical support that should be considered in the minus. If the support breaks, it signals that the bulls lose their grip. The pair can move to the 50-day SMA (USD 3.48), and then to USD 2.81.
Chain price analysis
Link (link) tried to rise above 20-day EMA (USD 14.32) on April 1, but the bears maintained their land.
LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView
Sellers will try to pull the price to the supporting line of the decreasing channel, which remains a key low -term level, to which you can have an eye. If the price drops below the support line, the link/USDT pair may go down to 10 USD.
If the buyers want to prevent the minus, they will have to push and maintain a price above 50-day SMA (USD 15.47). If they manage to do this, the couple can collect up to USD 17.50, and then to the resistance line.
One, but a lion price analysis
Unus sed Leo (Leo) rejected from the resistance over his head in the amount of USD 9.90 and fell below the height line on March 30.
Daily Leo/USD chart. Source: Cointelegraph/TradingView
However, bears could not maintain lower levels, and the Bulls pushed the price back to the triangle on April 1. It is expected that the revival is sales on an EMA 20-day (USD 9.60). If the price drops from 20-day EMA and breaks below the growth line, it increases the risk of falling to USD 8.
Instead, if the Leo/USD pair breaks above 20-day EMA, suggests that the markets have rejected the failure. Breaking and closing above USD 9.90 will complement the pattern of a growing triangle, which has a target of USD 12.04.
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.