The Bitcoin (BTC) Bulls are about to make a comeback by maintaining prices above the simple 200-day moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needed to signal strength above $85,000 this week and “prevent it from dropping to $76,000.” Lee added that over $87,000 will result in a clearer bullish confirmation.
The tariff war has shaken both traditional and cryptocurrency markets over the past few days. Nansen research analyst Nikolai Sondergaard believes the market could be under pressure until April 2nd. While speaking on Cointregraph’s Chain Reaction Daily X Show, Sonderguard said that if tariffs are dropped, he could act as “the biggest driver at the moment.”
Crypto Market Data Daily View. Source: Coin360
Analysts remain bullish over the long term, but some expect a short-term decline. Analyzing the previous decline in the bare market, market analyst and author Timothy Peterson said in a post in X that the current bare market only lasts for 90 days. Analysts expect “20-40% of rallies will continue after April 15th, following the next 30 days.”
If Bitcoin begins a sustained recovery, some altcoins could follow suit. What is the top cryptocurrency that looks strong on the chart?
Bitcoin price analysis
Bitcoin has struggled to stand up and maintain above its 20-day index moving average ($85,246), but the positive sign is that the Bulls have not given too much ground to the bears.
BTC/USDT Daily Chart. Source: CointeLegraph/TradingView
This increases the chances of a break above the 20-day EMA. In that case, the BTC/USDT pair will rise to 50-day SMA ($90,469) and then to $95,000.
Conversely, when prices fell from the 20-day EMA and fell below $81,000, it suggests that the bull gave up. This allows the pair to sink to $80,000 and then to $76,606. Buyers are expected to adhere to the $76,606 level as the break below could deepen the fix. There’s strong support at $73,777, but if the level drops, the next stop could be $67,000.
BTC/USDT 4-hour chart. Source: CointeLegraph/TradingView
Both moving averages are flat, but the relative strength index (RSI) has risen to the positive zone. That suggests that bullish momentum is picking up. The first sign of strength will be near over $87,500. This could cause the gate to rise to $92,500 and then to $95,000.
The advantage leaps in the bear’s favor during the break, falling below $80,000. This could potentially sink the pair into solid support at $76,606.
Toncoin price analysis
Toncoin (Ton) was turned down from the $4 level on March 20th, but the Bulls hold their prices above the moving average.
Ton/USDT Daily Chart. Source: CointeLegraph/TradingView
The moving average is on the crises of bullish crossovers, and RSI has jumped into the positive zone. This will improve your break prospects above $4. If that happens, the Ton/USDT pair could surge to $5.
This positive view will be void in the short term if prices drop and fall below the 20-day EMA ($3.39). This will allow the pair to go up to $2.81 and then pull into solid support for $2.73.
ton/usdt 4-hour chart. Source: CointeLegraph/TradingView
The pair are supported by the 20-EMA on the 4-hour chart, indicating that the Bulls are buying dip. However, bears rarely give up easily. They will defend their overhead zones from $3.80 to $4. Sellers return to orders during the break, falling below $3.28. It could start a fall towards $2.90.
The advantage is that breaks and closures of $4 or more show benefits for buyers. There is mild resistance at $4.14, but it can cross. The pair can run towards $4.67.
Avalanche price analysis
Although Avalanche (Avax) is on a strong downtrend, positive divergence of RSI suggests that bearish momentum can be weaker.
Avax/USDT Daily Chart. Source: CointeLegraph/TradingView
The Avax/USDT pair clings to a 20-day EMA ($19.76) to increase the chances of a breakout. In that case, the pair can climb a 50-day SMA ($22.41) and then climb to the $25.12-$27.23 resistance zone. Such a movement suggests that the cave may have ended.
Meanwhile, the downtrend may resume once prices drop from the 20-day EMA and fall below the $15.27 support. This could potentially increase the denial to $11.
Avax/USDT 4-hour chart. Source: CointeLegraph/TradingView
The pair trades within a narrow range between $20.10 and $18.12 on the 4-hour chart. 20-EMA is about to move up, and the RSI is in the positive area, giving the bull a slight advantage. If the price exceeds $20.10, the pair could rise to $21.20 and rise to $22.50.
Alternatively, if the price drops and falls below $18.12, it suggests that the bear is trying to maintain control. The pair will be $16.95, and will ultimately be $15.27.
Related: Why are Bitcoin prices packed?
Nearby protocol price analysis
The nearby protocol (nearby) is on a strong downtrend, but shows early signs of inversion beginning.
Nearby/usdt Daily Chart. Source: CointeLegraph/TradingView
Positive divergence of RSI suggests that the bear is losing its grip. Closed breaks and closes beyond the 50-day SMA ($3.05) strengthened the Bulls and opened the gates to $3.65 at the rally. Sellers are expected to aggressively defend the $3.65 level, but if the Bulls win, the nearby USDT pair could rise to $5.
Conversely, if prices drop below $2.48, it suggests that the bear is in control. The pair can then drop into solid support for $2.14.
Nearby/USDT 4-hour chart. Source: CointeLegraph/TradingView
The four-hour chart is trading above 20-EMA, indicating that the Bulls hold their position as they expect another leg higher. A break above $2.83 could launch a move to $3.25. Sellers are expected to defend the $3.25 level, but if the Bulls keep up with resistance, their next stop could be $3.65.
This optimism will be denied in the near future if prices drop and fall below the moving average. The pair fell to $2.48, then $2.34.
OKB Price Analysis
OKB (OKB) is traded within the downward channel pattern, indicating that they are buying near the support line and selling near the resistance line.
OKB/USDT Daily Chart. Source: CointeLegraph/TradingView
The OKB/USDT pair gained momentum after escaping the 20-day EMA ($48.39) on March 14th. The pair faces sales of nearly $54. The shallow pullback suggests that the bull is not rushing to the exit, increasing the chances of a rally to the line of resistance.
Contrary to this assumption, it indicates that the bear will continue to operate at a higher level if the price continues and falls below the 50-day SMA ($47.56). The pair could then fall to $45.
OKB/USDT 4-hour chart. Source: CointeLegraph/TradingView
Sellers are trying to pull prices below 50-SMA on their 4-hour chart. If they succeed, it could weaken bullish momentum. There’s support for $48, but if the level collapses, the pair could drop to $45.
Instead, a solid bounce from the 50-SMA suggests that the emotions remain positive, and the bull is buying in dip. Up Move resumes above $54 and opens the door for a rally to the resistance line.
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.