Bitcoin (BTC) is struggling to surpass the simple 200-day moving average ($84,000), but the positive sign is that the Bulls have not given too much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve more than $81,000 a week to signal Resilience. If prices fall below $76,000, sales could accelerate.
Another careful voice was Markus Thielen, the head crypto researcher of 10x research. Thielen told Cointelegraph that Bitcoin’s chart structure “suggests market indecisiveness rather than simple bullish integration.” Thielen doubts a strong price recovery for Bitcoin at this point.
Crypto Market Data Daily View. Source: Coin360
However, Bitcoin Network Economist Timothy Peterson has a different view. In an X post, Peterson said April and October are two months that produce the majority of Bitcoin’s annual performance. This suggests that Bitcoin could rise to “the newest ever before June.”
Can buyers drive Bitcoin above short-term overhead resistance levels? If so, is it possible for other top cryptocurrencies to gather in the short term?
Bitcoin price analysis
The 20-day index moving average ($86,188) suggests that the bears are in command, while the positive divergence of the relative strength index (RSI) indicates a decrease in sales pressure.
BTC/USDT Daily Chart. Source: CointeLegraph/TradingView
When prices drop from the current level, the BTC/USDT pair drops to $80,000, down to $76,606.
Conversely, prices rise and surpass the 20-day EMA, indicating that the market refused to break down below the 200-day SMA. The pair rallied for a 50-day SMA ($93,033) and then went up to $100,000. Buyers may find it difficult to outweigh psychological barriers by $100,000.
BTC/USDT 4-hour chart. Source: CointeLegraph/TradingView
20 Emma on the 4-hour chart is flattened with the RSI just above the midpoint, indicating the balance between supply and demand. Buyers must drive the pair above the resistance line to gain an advantage. The pair could rise to $92,810 and then to $95,000.
The downside support is $80,000, followed by $78,000. If the support is cracked, the chances of drops below $76,606 increase.
BNB Price Analysis
BNB (BNB) began recovering from $507 on March 11, facing sales at 50 days of SMA ($621).
BNB/USDT Daily Chart. Source: CointeLegraph/TradingView
A 20-day EMA ($595) is an important short-term support to watch out for. If prices recover from the 20-day EMA, it suggests that the Bulls are buying at a minor dip. This improves your prospects for breaks beyond the 50-day SMA. The BNB/USDT pair could gather towards $686.
Contrary to this assumption, prices fall below the 20-day EMA, indicating that bears are fiercely defending the 50-day SMA. The pair could fall to $550.
BNB/USDT 4-hour chart. Source: CointeLegraph/TradingView
The 20-EMA appears on the 4-hour chart, while the RSI is in the positive zone and shows bullish emotion. The resistance is $632, but if the buyer overcomes it, the pair could jump to $680.
This optimistic view will soon be denied when prices drop and fall below 20-EMA. The pair could immerse themselves in the 50-SMA, which could attract buyers again. Breaks below 50-SMA tilt the advantage in favor of bears.
Toncoin price analysis
Toncoin (Ton) rose sharply from $2.35 on March 11, reaching a 50-day SMA ($3.64) on March 16.
Ton/USDT Daily Chart. Source: CointeLegraph/TradingView
A fix from the 50-day SMA is expected to find support at the 20-day EMA ($3.15). If that happens, it indicates a change in sentiment from selling at the assembly to buying at the dip. This increases the chances of meetings beyond the SMA for 50 days. The Ton/USDT pair rose to $4 and later to $5.
Conversely, rest and closure below the 20-day EMA suggest that bears remain active at a higher level. The pair could then cost $2.50.
ton/usdt 4-hour chart. Source: CointeLegraph/TradingView
The four-hour chart shows Up Move faces sales at the $3.60 level, but buyers are expected to defend the 20-EMA on the decline. If prices skyrocket from 20-EMA, the Bulls will try to push prices above $4.15. If they manage to do so, the pair could jump to $4.67.
Conversely, when prices drop below 20-EMA, it indicates that the bear remains active at a higher level. The pair fell to 50-SMA and then went to $2.50.
Related: Toncoin in “Amazing Entry Zone” as Pavel Durov’s France Exit Fuels Ton Price Rally
Gate token price analysis
The Gate Token (GT) forms a symmetrical triangular pattern, indicating indecisiveness between the bull and the bear.
GT/USDT Daily Chart. Source: CointeLegraph/TradingView
The 20-day EMA ($21.06) has been flattened, with the RSI rising to the midpoint, indicating a drop in sales pressure. When the buyer drives the price over the triangle, the upmaube is indicated. The GT/USDT pair rose to $24, and ultimately it would be $26.
Prices continue to be low and below the 20-day EMA indicates that the pair will remain inside the triangle for a while. The Bears return to commands with a break below the triangle.
GT/USDT 4-hour chart. Source: CointeLegraph/TradingView
The four-hour chart shows that bears find it difficult to maintain prices below 20-EMA. It suggests demand at a lower level. Buyers try to strengthen their position by pushing prices above the line of resistance. That way, the pair could gather towards $24.
Instead, prices fall below 50-SMA, indicating a weaker bullish momentum. The pair descends to $19 and can eventually descend to the support line.
Cosmos price analysis
Cosmos (Atom) surpassed its 20-day EMA ($4.31) on March 15, indicating a decline in sales pressure.
ATOM/USDT Daily Chart. Source: CointeLegraph/TradingView
RSI forms an aggressive divergence, suggesting a weaker bearish momentum. A 50-day SMA ($4.73) can act as a resistance, but it can cross. Approaching over $5.15 can open the rally door up to $6.50.
The 20-day EMA is an important support to be aware of the downside. If this support gives way, it indicates that the Bears will remain seller at the rally. This could potentially sink the Atom/USDT pair to $3.50.
Atom/USDT 4-hour chart. Source: CointeLegraph/TradingView
The pair will start pullbacks in the short term and may reach 20-EMA. If the price rises from 20-EMA, it shows positive feelings when the Bulls are buying at Dip. This increases the chances of breaks above $5.15. If that happens, the pair could surge to $5.50 and then $6.50.
This positive view will be void in the short term if prices fall below 20-EMA. It can sink the pair into 50-SMA and then sink to $3.80.
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.
