Bitcoin (BTC) is rising above the simple 200-day moving average ($83,754), indicating that the Bulls are attempting a comeback. The Bears’ failure to take advantage of drops below the 200-day SMA indicates sales dry at lower levels.
However, Bitcoin may not have come out of the forest yet. Crypto analyst Matthew Hyland said in a video posted to X that Bitcoin needs a weekly deadline for more than $89,000 to see the bottom.
Moves above $89,000 could be liquidated at a short position of around $1.6 billion, according to Coinglass data. If that doesn’t happen, Highland warns that Bitcoin will fall into the $74,000-$69,000 range.
Crypto Market Data Daily View. Source: Coin360
Buyers have a challenging job before them. The $13.3 million inflow into the US Spot Bitcoin Exchange Trade Fund (ETF) on March 12 could not be maintained, and the ETF recorded a $135.2 million outflow on March 13.
This shows investors remain tense and press the sale button on US President Donald Trump’s new tariff threat and action.
Can Bitcoin surge to $100,000 and pull Select Altcoins higher? Analyze and explore the charts of the top 10 cryptocurrencies.
Bitcoin price analysis
The Bitcoin Bulls are about to begin a recovery, but are expected to face significant resistance in the zone between the 200-day SMA and the 20-day index moving average ($86,717).
BTC/USDT Daily Chart. Source: CointeLegraph/TradingView
If the buyer drives prices above the 20-day EMA, it shows that the 200-day SMA or below break could have been a bear trap. The BTC/USDT pair could rise to a 50-day SMA ($93,876) and then to a psychological barrier of $100,000.
Conversely, when prices drop from the overhead resistance zone with force, it indicates that the bear is in command. This brings the possibility of a drop to critical support to $73,777. Buyers are expected to defend the $73,777 level vigorously as the drop below could raise the pair to $67,000.
Ether Price Analysis
Ether (ETH) is traded in a tough range between $1,963 and $1,754, indicating a tough battle between the Bulls and the Bear.
ETH/USDT Daily Chart. Source: CointeLegraph/TradingView
The relative strength index (RSI) indicates early signs of forming positive divergence. If the price exceeds $1,963, the ETH/USDT pair could rise to a breakdown level of $2,111. This level could attract aggressive sales by the Bears, but if the Bulls last, the pair could ralend for a 50-day SMA ($2,597).
This optimism will be rejected if the price falls from the current level of $2,111 and falls below $1,754. This indicates a resumption of the improvement trend. The pair can then no longer be $1,500.
XRP Price Analysis
XRP (XRP) rebounded in $2 support on March 11th, reaching the 20-day EMA ($2.35) on March 13th.
XRP/USDT Daily Chart. Source: CointeLegraph/TradingView
The bear is trying to stop recovery from 20 days at EMA, but the bull is still under pressure. This increases the chances of a break above the 20-day EMA. The XRP/USDT pair could rise to $2.64. If this level is cleared, the pair may collect up to $3.
Conversely, when prices drop sharply from current levels, it suggests that emotions remain negative. The pair may retest $2 in critical support, and if this level falls apart, the pair completes a bearish and shoulder pattern. It might sink the pair to $1.28.
BNB Price Analysis
The BNB (BNB) rose above the 20-day EMA ($591) on March 13th, but the bull was unable to maintain a higher level, as seen from the long candlestick core.
BNB/USDT Daily Chart. Source: CointeLegraph/TradingView
The bull is once again trying to push prices above the 20-day EMA. The BNB/USDT pair could challenge a 50-day SMA ($624). Breaks and closures above the 50-day SMA suggest that the revision may end. The pair can then try a rally up to $686.
If the bear wants to prevent benefits, it will need to pull a price below $500 support. The pair could then fall to $460. This is expected to attract aggressive purchases by bulls.
Solana Price Analysis
Solana (Sol) is trading above the level above $120, while the Bulls have failed to push prices above $132.
SOL/USDT Daily Chart. Source: CointeLegraph/TradingView
If the price is below $120, the Sol/USDT pair could drop to $110. This is an important support to watch out for as the breaks and closures below it could start a downward movement to $98 and then $80.
In an advantage, breaks and closures above the 20-day EMA suggest that sales pressure is declining. The pair can gather for a 50-day SMA ($178), and the bears are expected to provide strong defenses.
Cardano Price Analysis
Cardano (ADA) was rejected from the 20-day EMA ($0.77) on March 12, indicating that the bears are selling at the rally.
ADA/USDT Daily Chart. Source: CointeLegraph/TradingView
The ADA/USDT pair could fall into the uptrend line, an important level for the Bulls to defend. When prices bounce off the trend line with strength, the outlook for breaks above moving average improves. If that happens, the pair could rise to $1.02.
This positive view will be void in the short term if prices drop and break under the upward trend line. This will start the slide at $0.58 and then hit a mid-day low of $0.50 on February 3rd.
Dogecoin Price Analysis
Dogecoin (Doge) bounced back $0.14 in support on March 11, indicating that the Bulls are trying to defend their level.
Doge/USDT Daily Chart. Source: CointeLegraph/TradingView
The relief rally is expected to face a 20-day EMA sale ($0.19). A sharp drop in price from $0.19 increases the chances of a break below $0.14. The Doge/USDT pair could plummet to $0.10.
Related: Bitcoin to Gold Ratio Breaks 12 Years Support When Gold Prices reach a Record $3k
The first sign of strength is a break and close above the 20-day EMA. This allows you to open the door for a 50-day SMA ($0.24) rally. Sellers try to stall Up Move with a 50-day SMA, but if the Bulls drill a hole in the resistance, the pair can climb to $0.29.
PI price analysis
The PI (PI) recovery stagnated at $1.80 on March 13, indicating that the bears are selling at all minor rallies.
PI/USDT Daily Chart. Source: CointeLegraph/TradingView
The Bears try to sink the price to $1.20. This is an important level to be aware of. If the price rebounds from $1.20, it indicates the possibility of range formation. The PI/USDT pair can vibrate between $1.20 and $1.80 for some time.
Contrary to this assumption, if prices continue and fall below $1.20, a resumption of downward movement is indicated. This pair can be down to a 78.6% retracement level of $0.72.
Rare SED LEO price analysis
The unusual SED LEO (LEO) is trading near a $10 overhead resistance, indicating that the Bulls are maintaining pressure.
LEO/USD daily chart. Source: CointeLegraph/TradingView
A break and closure over $10 could complete a bullish rising triangle pattern and begin an up-mauble towards a $12.04 pattern target.
The bear may have other plans. They try to draw prices towards the uptrend line. This is an important level to be aware of. Indicates that if the price rebounds from the uptrend line, the LEO/USD pair can remain in the triangle for some time.
The Bears gain an edge in the break and close under the uptrend line. This allows the pair to sink to $8.84 and then to $8.30.
Chain Link Price Analysis
ChainLink closed on March 10th with a plunge under the support line of the downward channel pattern, but the Bears were unable to maintain a lower level.
Link/USDT Daily Chart. Source: CointeLegraph/TradingView
The Bulls pushed prices back into the channel on March 14th, but their efforts could be met with strong sales at a 20-day EMA ($15.14). If the price is reduced from the 20-day EMA, the Bears will try to sink a link/USDT pair under $11.85. If they manage to do so, the pair could be denied to $10.
On the contrary, breaks and closings above the 20-day EMA indicate that the market has refused to take a break under the channel. The pair can then climb a 50-day SMA ($18.27).
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.