Bitcoin rallies amid macroeconomic concerns – hype, ONDO, RNDR, KAS next?

Bitcoin (BTC) made a great comeback this week, rising over 7%, showing solid purchases at lower levels. Bitmex co-founder Arthur Hayes said in a post on X that the US bond crisis could set the stage for more policy responses, which could lead to Bitcoin’s “Up-only mode.”

GlassNode, a blockchain and intelligence platform, said in a post on X that Bitcoin has built solid support for $79,000. John Bollinger, creator of Bollinger Bands, reflects a similar view. In the X post, Bollinger said that Bitcoin is forming the “Classic Bollinger Band W Bottom,” but it needed confirmation.

Market participants will closely monitor the performance of the US Dollar Index (DXY) trading below the 100th level. An additional weakness in the US dollar could be bullish for Bitcoin.

If Bitcoin holds a higher level, it could boost sentiment in the cryptocurrency sector. This may trigger recovery for selected Altcoins. What cryptocurrency could potentially benefit from the strength of Bitcoin?

Bitcoin price analysis

Bitcoin broke and closed on the resistance line on April 12th. This is the first indication that the correction phase may be over.

Bears are unlikely to give up easily, trying to pull back prices below the 20-day index moving average ($82,885). If they can accomplish that, it suggests that the bears will remain active at a higher level. The BTC/USDT pair could drop to $78,500.

The buyer may have other plans. They try to defend their 20 days of EMA along the way. If the price rebounds from a 20-day EMA, it shows a change in sentiment from a sales at the meeting to a purchase at the dip. This brings the rally outlook to $89,000 and then $95,000.

The 20-EMA is sloped and has a positive relative strength index (RSI) region, indicating an advantage for the Bulls. A rebound from 20-EMA suggests that the bull is about to invert the line of resistance into support. The pair could face a $89,000 sale, but could cross. This will put the pair in a $92,000-$95,000 zone.

On the downside, the moving average is an important support for the bull to protect. If they fail in their efforts, the pair could plummet to $78,500.

High lipid price analysis

The closure (hype) beyond the 50-day SMA ($15.14) on April 11 reached an overhead resistance of $17.35 on April 12.

A 20-day EMA ($13.84) began to appear, with the RSI rising to near 56, suggesting that buyers will have the advantage. Sellers are trying to defend a $17.35 resistance, but if the Bulls win, the hype/USDT pair can start the rally at $21 and then $25.

This optimism will be denied in the short term if the price falls from $17.35 and falls below the 20-day EMA. The pair could then fall to $12, which is expected to attract buyers.

The pair was pulled back to 20-EMA. This is an important short-term support to watch out for. You can see that when you bounce 20-EMA at the price strength, you will be buying it in dip. The Bulls try one more time to overcome the barrier for $17.35. If they succeed, the pair could rise to $21. There’s a slight resistance at $18, but it can cross.

Sellers need to keep prices below 20 Emma to weaken their bullish momentum. The pair can then descend to 50-SMA.

ONDO price analysis

Ondo (Ondo) escapes from the cave, suggesting that the bear may have lost its grip.

The recovery is facing sales of nearly $0.96, but you may find support on a 20-day EMA ($0.83) along the way. If the price rebounds from the 20-day EMA, the Bulls will try to drive an Ondo/USDT pair that is over $0.96 again. If they can do that, the pair could pick up momentum and ralliate towards $1.20.

The seller may have other plans. They try to pull prices back under the 20-day EMA. If they can pull it apart, the pair could drop to $0.79 and later to $0.68.

The four-hour chart shows the pair face sales in the $0.93-$0.96 resistance zone. Buyers must maintain prices above 20-EMA to maintain their advantage. Recovering 20-EMA with strength increases the chances of breaks above $0.96. The pair then rises to $1.05 and then may rise to $1.20.

Instead, if the price slips under 20-EMA, it suggests that demand will dry at a higher level. The pair may then descend to 50-SMA.

Related: Bitcoin price is $86k as Trump’s tariff relief increases breakout odds

Render price analysis

The Render (RNDR) reaches an overhead resistance of $4.22, with the bear expected to provide a strong defense.

The moving average is on the bullish crossover crisis, with the RSI rising into the positive zone, showing benefits for buyers. If the price is above $4.22, the RNDR/USDT pair completes a double bottom pattern. There’s mild resistance at $5, but it can cross. The pair can then climb to a $5.94 pattern target.

Contrary to this assumption, if the price drops sharply from $4.22 and falls below the moving average, it shows a range-coupled action in the short term.

The pair faces sales for $4.06, but the pullback may find support at 20-EMA. If the price recovers 20-EMA with intensity, it suggests that the emotions remain positive. This will improve your break prospects above $4.22. The pair could face resistance between $4.60 and $5, but if the price doesn’t fall below $4.22, it marks the start of a new Up Move.

Alternatively, rest and closure under the 20-EMA suggests that the bull is losing its grip. The pair then drops to 50-SMA, informing them of integration in the short term.

Caspa Price Analysis

Kaspa (Kas) rose above the 50-day SMA ($0.07) on April 12, indicating sales pressure is falling.

A 20-day EMA ($0.07) begins to appear, and the RSI rises into aggressive territory, suggesting that there is least resistance. If the buyer drives prices above $0.08, the KAS/USDT pair completes a double bottom pattern. This bullish setup has a target target of $0.12.

Conversely, when prices drop from $0.08 and below the 20-day EMA, range formation is shown. The pair may swing between $0.08 and $0.05 for a while.

The pair was turned down from $0.08, but you could potentially find support at 20-EMA. If the price rebounds from 20 Emma, ​​the pair may gather at the top of the range. This should be noted. If the buyer overcomes the overhead barrier, the pair can begin a new upmaube towards $0.09.

This positive view will be void in the short term if prices drop and fall below the $0.07 support. This can cause the pair to get stuck in range for a while.

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.