Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season
Bitcoin (BTC) is struggling to exceed the simple 200 -day mobile average ($ 84,000), but a positive sign is that the Bulls have not given up much in the Bears. Bitget Research chief analyst Ryan Lee told Cintelegraph that Bitcoin had to reach a weekly fence greater than $ 81,000 to report resilience. The sale could accelerate if the price falls below $ 76,000.
Another prudent voice was that of Markus Thielen, cryptocurrency researcher at 10x Research. Thielen told Cointelegraph that the structure of Bitcoin graphic “suggests market indecision rather than simple optimistic consolidation”. Thielen remains doubtful of a high recovery in Bitcoin prices at the first time.
Crypto Market Data Daily View. Source: Corner360
However, the economist Bitcoin Network, Timothy Peterson, has a different vision. In a Post X, Peterson said that Aril and October are two months that generate a large part of the annual Bitcoin performance. This suggests that Bitcoin could reach a “new summit of all time before June”.
Could buyers lead a bitcoin above short-term resistance levels? If they do, what other big cryptocurrencies can rally in the short term?
Bitcoin price analysis
The exponential average of 20 days broken down ($ 86,188) suggests that bears are in control, but the positive divergence on the relative resistance index (RSI) indicates that the reduced sales pressure.
BTC / USDT daily graphics. Source: Cointelegraph / TradingView
If the price drops from the current level, the BTC / USDT pair could fall to $ 80,000, then to $ 76,606.
Unlike, if the price is presented and exceeded above the 20-day EMA, this will indicate that the markets have rejected the ventilation below the 200-day SMA. The pair could rally at SMA of 50 days ($ 93,033) and, after that, at $ 100,000. Buyers may find it difficult to exceed the psychological barrier at $ 100,000.
BTC / USDT 4 hours. Source: Cointelegraph / TradingView
The 20 EMA on the 4-hour graph is flattened, and the RSI is just above the median point, indicating a balance between supply and demand. Buyers will have to drive the pair over the resistance line to gain the upper hand. The pair can climb $ 92,810, then $ 95,000.
Decreasing support is $ 80,000 and the next $ 78,000. If the crack supports, the possibility of a drop below $ 76,606 increases.
BNB price analysis
BNB (BNB) began a resumption of $ 507 on March 11, which faces the SMA sale of 50 days ($ 621).
BNB / USDT Daily Chart. Source: Cointelegraph / TradingView
The 20 -day EMA ($ 595) is the critical short -term support to monitor. If the price bounces from the 20 -day EMA, it suggests that the Bulls buy minor drops. This improves the prospects for a break over the 50-day SMA. The BNB / USDT pair could then reach $ 686.
Unlike this hypothesis, if the price drops and breaks below the 20 -day EMA, this will indicate that the bears fiercely defend the SMA of 50 days. The pair can increase to $ 550.
BNB / USDT 4 hours. Source: Cointelegraph / TradingView
The 20 EMA appeared on the 4 -hour table, and the RSI is in the positive area, indicating a bullish feeling. There is resistance at $ 632, but if buyers overcome it, the pair could drop to $ 680.
This optimistic view will be canceled in the short term if the price drops and breaks below 20 EMA. The pair can dive at 50-SMA, which is again likely to attract buyers. A break below the 50-SMA will incline the advantage in favor of bears.
Tonceoin price analysis
Toncoin (tone) went strongly from $ 2.35 on March 11 and reached the SMA of 50 days ($ 3.64) on March 16.
Your / usdt daily table. Source: Cointelegraph / TradingView
The 50 -day SMA correction should find support for the 20 -day EMA ($ 3.15). If this happens, it will indicate a change of feeling, from the sale of gatherings to purchase on hollows. This increases the possibility of a rally above the 50-day SMA. The pair of your / usdt could climb $ 4 and later at $ 5.
On the contrary, a rupture and a closure below the 20 -day EMA suggests that the bears remain active at higher levels. The pair can then drop to $ 2.50.
Your / USDT 4 hours. Source: Cointelegraph / TradingView
The 4 -hour graph shows that the UP movement is faced with sale at $ 3.60, but buyers should defend 20 EMA on Dichse. If the price is strongly proved to be compared to the 20 EMA, the Bulls will try to propel the price of more than $ 4.15. If they manage to do so, the pair could jump around $ 4.67.
Conversely, if the price decreases and breaks below the 20 EMA, this will point out that bears remain active at higher levels. The pair can fall to the 50-SMA and thereafter at $ 2.50.
In relation: Toncoin in “Great Entry Zone” like Pavel Durov’s France Exit Fuels Ton Price Rally
Price analysis of door tokens
The door token (GT) has formed a symmetrical triangle motif, indicating the indecision between the bulls and the bear.
GT / USDT Daily Chart. Source: Cointelegraph / TradingView
The 20 -day EMA ($ 21.06) is flattened, and the RSI has reached the environment, which indicates that the reduced sales pressure. If buyers stimulate the price above the triangle, this will signal the resumption of the Upmove. The GT / USDT pair could climb $ 24 and finally $ 26.
If the price continues lower and closes below the 20 -day EMA, it will signal that the pair can remain inside the triangle for a while. The Bears will be back in control on a break under the triangle.
GT / USDT 4 hours. Source: Cointelegraph / TradingView
The 4 -hour graph shows that bears find it difficult to maintain the price below 20 EMA. This suggests demand at lower levels. Buyers will try to strengthen their position by pushing the price above the resistance line. If they do this, the pair could come together around $ 24.
Instead, if the price decreases and breaks below the 50-SMA, this will point out that the bullish momentum is weakening. The pair can drop to $ 19 and possibly the support line.
Cosmos price analysis
The Cosmos (Atom) broke out above the 20-day EMA ($ 4.31) on March 15, indicating that the reduced sales pressure.
Atom / Usdt Daily Chart. Source: Cointelegraph / TradingView
The RSI has formed a positive divergence, suggesting that the bearish momentum is weakening. The 50 -day SMA ($ 4.73) could act as resistance but should be crossed. A fence greater than $ 5.15 could open the doors for a $ 6.50 rally.
The 20 -day EMA is the crucial support to be monitored when falling. If this support gives way, it will point out that bears remain sellers on gatherings. This could flow the Atom / USDT pair at $ 3.50.
ATOM / USDT 4 hours. Source: Cointelegraph / TradingView
The pair began a short -term withdrawal, which could reach 20 EMA. If the price appears compared to the 20 EMA, it will signal a positive feeling where the bulls buy drops. This increases the probability of a break greater than $ 5.15. If this happens, the pair can drop to $ 5.50, then to $ 6.50.
This positive view will be invalidated in the short term if the price breaks below 20 EMA. This could flow the pair at 50-SMA and later at $ 3.80.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.