Bitcoin
BTCUSD
bulls are attempting to regain momentum by keeping the price above the 200-day simple moving average ($84,899) during the weekend. Bitget Research’s lead analyst Ryan Lee mentioned to Cointelegraph that Bitcoin must close above $85,000 this week to show bullish strength and “avoid a drop to $76,000.” Lee further stated that a closure above $87,000 would provide a more definitive bullish assertion.
Tariff disputes have unsettled both traditional and cryptocurrency markets recently. Nansen research analyst Nicolai Sondergaard believes market pressures might persist until April 2. During an appearance on Cointelegraph’s Chainreaction daily X show, Sondergaard noted that lifting the tariffs could serve as “the most significant driver at this time.”
While analysts remain bullish in the long run, some foresee a temporary decline. Reviewing previous bear market downturns, market analyst Timothy Peterson noted in a post on X that the existing bear market might only last 90 days. He suggests a decrease over the next 30 days could precede a rally of 20-40% after April 15th.
If Bitcoin initiates a sustained recovery, various altcoins could also experience upward momentum. Which cryptocurrencies appear strongest on the charts?
Bitcoin price analysis
Bitcoin is finding it difficult to climb and stay above the 20-day exponential moving average ($85,246), yet a positive note is that the bulls are holding their ground against the bears.
This increases the likelihood of breaking above the 20-day EMA. If successful, the
BTCUSDT
pair could ascend to the 50-day SMA ($90,469) and further extend to $95,000.
In contrast, if the price declines from the 20-day EMA and falls below $81,000, it would indicate a concession from the bulls. This could drive the pair down to $80,000 and subsequently to $76,606. Buyers are anticipated to protect the $76,606 mark since a breach could intensify the correction. Strong support exists at $73,777, but if it fails, the next target could be $67,000.
Both moving averages remain relatively flat, but the relative strength index (RSI) has climbed into the bullish territory. This indicates an increase in positive momentum. The initial sign of strength would occur with a closing above $87,500, potentially paving the way for rises to $92,500 and eventually $95,000.
The dynamics will shift in favor of the bears if a break and a close occur below $80,000, which could drag the pair down to firm support at $76,606.
Toncoin price analysis
Toncoin (TON) faced a downturn from the $4 level on March 20, yet the bulls have maintained prices above the moving averages.
The moving averages are approaching a bullish crossover, and the RSI has surged into the positive zone, enhancing the chances of breaking above $4. Should this occur, the
TONUSDT
pair may surge to $5.
This optimistic outlook will be invalidated if the price pulls back below the 20-day EMA ($3.39), which could bring the pair down to $2.81 and then to the solid support at $2.73.
The pair currently is being supported at the 20-EMA on the 4-hour chart, indicating that the bulls are taking advantage of dips. Nonetheless, the bears are anticipated to remain determined, defending the $3.80 to $4 resistance zone. If there is a break and close below $3.28, sellers will regain control, potentially leading to declines toward $2.90.
On the upside, if the price breaches and closes above $4, it will signal an advantage for buyers. There’s minor resistance at $4.14, but it’s likely to be surpassed, enabling the pair to trend towards $4.67.
Avalanche price analysis
Avalanche (AVAX) has been experiencing a persistent downtrend; however, the positive divergence on the RSI hints that bearish momentum might be subsiding.
The
AVAXUSDT
pair has been maintaining its position near the 20-day EMA ($19.76), thereby enhancing the chances of a breakout. If this occurs, the pair could ascend to the 50-day SMA ($22.41) and further towards the resistance zone of $25.12 to $27.23, suggesting that the downtrend may be concluding.
Conversely, a downturn from the 20-day EMA and a break below the support at $15.27 may trigger a resumption of the downtrend, potentially leading to a drop to $11.
The pair has been trading within a tight range between $20.10 and $18.12 on the 4-hour chart. The 20-EMA appears to trend upward, and with the RSI in the positive zone, bulls enjoy a slight edge. A break over $20.10 could allow the pair to rise to $21.20 and then to $22.50.
Alternatively, a drop below $18.12 could indicate that bears are attempting to maintain their hold. This may result in declines to $16.95 and ultimately to $15.27.
Near Protocol price analysis
Near Protocol (NEAR) has been in a noticeable downtrend but is beginning to show initial signs of a potential reversal.
The positive divergence on the RSI indicates bears are losing control. A break and close above the 50-day SMA ($3.05) would signify a bolster for the bulls, paving the way for a potential rally to $3.65. Sellers are expected to vigorously defend the $3.65 mark, but should bulls emerge victorious, the
NEARUSDT
pair may ascend to $5.
On the contrary, if the price dips below $2.48, it suggests that bears are firmly in control, potentially resulting in a decline to the strong support at $2.14.
The 4-hour chart indicates trading above the 20-EMA, showing that bulls are maintaining their positions in anticipation of further advances. A breach above $2.83 could initiate a climb towards $3.25. While sellers are anticipated to challenge the $3.25 resistance, should bulls break through, the next target could be $3.65.
This hopeful outlook will be invalidated if the price reverses and breaks below the moving averages. The pair could then face declines to $2.48 and ultimately to $2.34.
OKB price analysis
OKB (OKB) has been trading within a descending channel pattern, showcasing buying near the support line and selling close to the resistance line.
The OKB/USDT pair gained momentum after surpassing the 20-day EMA ($48.39) on March 14. Currently, the pair is encountering selling pressure near $54, which may pull the price back to the 20-day EMA. A mild pullback suggests that bulls aren’t eager to exit, enhancing the chances of a rally toward the resistance line.
Conversely, if the price continues to decline, breaking below the 50-day SMA ($47.56) would indicate bears remain active at higher levels, potentially pushing the pair down to $45.
Sellers are attempting to push the price below the 50-SMA on the 4-hour chart. If they are successful, this could weaken bullish momentum. There is support at $48, however, a breakdown could see the pair decrease to $45.
Conversely, a strong rebound off the 50-SMA indicates positive sentiment, suggesting bulls are buying during dips. An upward move could continue above $54, creating opportunities for a rally towards the resistance line.
This article does not constitute investment advice or recommendations. Every investment and trading decision carries risk, and readers should perform their own research before making decisions.
