Bitcoin (BTC) increased approximately 1 % for the week, indicating a balance between supply and demand. Analysts expect a quiet weekend for Easter, but it is divided around the next directional step in Bitcoin.
The network economist, Timothy Peterson, said that the high return index in the United States has gained more than 8 %. There have been 38 such cases since 2010, and Bitcoin rose 71 % of time after three months. Bitcoin recorded an average profit of 31 % and the worst loss of -16 %. Based on historical data, Peterson expects Bitcoin to trade between $ 75,000 and $ 138,000 within 90 days.
Not everyone shares a bullish view. Mike McGlaun, a commodity expert in Bloomberg, said in a post on X that Bitcoin and the S& P 500 index may decrease towards a simple moving average for 200 weeks, which works historically as a floor during the main corrections. SMA in Bitcoin, which is 200 weeks, is approximately $ 46,000.
What are the critical support and resistance levels in Bitcoin? What are the encrypted currencies that may collect if bitcoin is broken over their general resistance?
Bitcoin price analysis
Bitcoin has remained higher than the SIS -moving average for 20 days (83,704 dollars) in the past few days, but the bulls have failed to challenge the simple moving average for 200 days (88,098 dollars).
Failure to start a gathering can pressure the BTC/USDT pair in the short term. If the price decreases and is broken to less than EMA for 20 days, it indicates that the bulls have surrendered. This opens the gates for a decrease to 78,500 dollars, and then to get biological support at $ 73,777.
If buyers want to prevent the negative side, they will have to pay the price at a speed of SMA for 200 days. This indicates that the corrective stage may end. The husband may rise to $ 95,000 and eventually to the psychological level of $ 100,000.
The pair was traded within a narrow range of $ 83,000 and 86,000 dollars. Failure to break the public resistance may have seduced bulls in the short term to book profits, which leads to the price withdrawal of the price less than the moving averages. Trading within the range is likely to remain random and volatile.
A break and closure below the range can start to move to $ 80,000 and then to $ 78,500. On the other hand, a break and closing more than $ 86,000 can pay the husband to $ 89,000.
BNB price analysis
BNB (BNB) faces resistance in the landline line, but the positive sign is that the bulls did not give up the ground to the bears.
The moving averages and RSI are flat near the center point, indicating a balance between supply and demand. If buyers are leading the price higher than the downtown line, the BNB/USDT pair may gather to $ 644.
Unlike this assumption, if the price decreases sharply from the rolling direction line, it indicates that the bears are active at higher levels. A break less than $ 576 can keep the pair inside the triangle for some time.
The pair has reached the downside line, where the bears are expected to constitute a strong challenge. The decisive support on the negative side is 50-SMA and then $ 576. If the price is more than support, it indicates the purchase of the decreases. This increases the possibility of a break over the dumping direction line. The husband may rise to $ 620.
On the contrary, a break and closure is less than $ 576, the buyers surrendered. This can lead to a decrease in the price to $ 566, extending the residence within the triangle for a longer period.
Liquid price analysis
The height of the liquid (noise) rose and closed over the public resistance of $ 17.35 on April 19, but the bulls face sale at higher levels.
If the price increases from $ 17.35, it indicates that every simple decline is purchased. This wipes the path to a rare to 21 dollars and then to $ 25.
Instead, a break and closure of signals less than $ 17.35 tries to bears of aggressive bulls. Next support on the downside is EMA for 20 days ($ 15.32). If the price is recovered from EMA for 20 days, the bulls will try again to overcome the obstacle at $ 17.35.
The optimistic width will be canceled in the short term if the noise pair/USDT turns and broken below the moving averages.
The husband fell to the level of collapse of $ 17.35. If the price rises to $ 17.35 and more than $ 18.54 rises, it indicates that the bulls have turned on the level to support. This enhances the prospects for the assembly to 21 dollars.
On the contrary, if the price is less than $ 17.35, it indicates that the bears are trying to restore control. 50-SMA is the decisive support for its monitoring on the downside because the break under it indicates that the bulls lose their grip. The husband may go down to $ 14.65.
Related to: Bitcoin gets a short -term goal of $ 90,000 amid warning “not safe”
Bittensor price analysis
Bittensor (TAO) broke over the moving averages and reached the downtown line, where the bears are expected to prove a strong defense.
If the price decreases from the landline line, the Tao/USDT pair is likely to find support in EMA for 20 days ($ 249). The steel reversal of EMA for 20 days improves a crowd over the declining direction line. The husband can rise to $ 360.
Unlike, if the price decreases and lower than EMA for 20 days, it indicates that the bears remain in control. The husband may then rise to the support of $ 222, as buyers are expected to intervene.
The relative strength index rose to the peak area of the purchase, indicating that the short -term withdrawal is possible. If the price is recovered from 20-ema, it indicates a positive feeling. This increases the possibility of a break over the declining direction line. There is a simple resistance at $ 313, but it is likely to be crossed.
On the contrary, a break and closure of less than 20-ema indicates that short-term buyers book profits. You may pull the pair to 50 semies.
Provide a price analysis
Render (RNDR) has exploded from public resistance at $ 4.22, indicating that the bulls are trying to return.
The closure of a higher level of $ 4.22 will complete a double thunderbolt. There is resistance at $ 4.83, but it is likely to be crossed. RNDR/USDT’s pair can travel towards the goal of $ 5.94.
EMA for 20 days ($ 3.72) is the decisive support to monitor it on the negative side. A break and closure below the moving averages indicate that the markets refused to collapse over $ 4.22. The doors can be opened for a decrease in support at $ 2.50.
The husband removed the public obstacle at $ 4.22, indicating a advantage for buyers. However, the bears are unlikely to surrender easily and will try to withdraw the price below the level of penetration. If the price recovered $ 4.22 with strength and more than $ 4.48 rises, it indicates that the bulls have turned the level to support. The husband may then start moving about 5 dollars.
Instead, if the price refuses and broken without the moving averages, this indicates that the penetration may be a rich trap. The husband may decrease in decisive support at $ 3.60.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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