Bitcoin (BTC) continues to face significant resistance at the $72,000 level, but the bulls have kept up the pressure. Trader Daan Crypto Trades stated in an article on BTC will need to cross and stay above the $72,000 resistance zone to “retest $80,000”.
Markets tend to hate uncertainty, but BTC’s resilience since the start of the US-Israel-Iran war shows that traders are not inclined to sell at lower levels. CryptoQuant analyst Darkfost said in an article on X that March primarily saw BTC outflows from crypto exchanges. Although demand is not sufficient to initiate a new uptrend, it accumulation of signals by investors.
One reason for this accumulation could be that investors believe BTC is in value territory. Capriole Investments founder Charles Edwards said in an article on BTC has great value when the BTC Yardstick metric is taken into account. In February, Yardstick’s numbers fell below the 2022 bear market low.
Could BTC and some major altcoins hold above their general resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC continues to trade in a bullish ascending triangle pattern, a sign that buyers are trying to return.
The flat 20-day exponential moving average ($70,303) and the relative strength index (RSI) near the midpoint give neither bulls nor bears a clear advantage. Buyers will need to drive and sustain BTC price above the $74,508 resistance to complete the ascending triangle. If they succeed, the BTC/USDT pair could reach $84,000.
This positive outlook will be negated in the short term if the price declines and crosses below the support line. This indicates that the bulls have given up. The pair could then fall to the $62,500-$60,000 support zone.
Ether Price Prediction
Ether (ETH) bounced off the 50-day simple moving average ($2,042) on Monday, indicating positive sentiment.
The stable 20-day EMA ($2,121) and RSI near the midpoint suggest a balance between supply and demand. Buyers will need to push the price above the $2,400 level to indicate the start of further upside. The ETH/USDT pair could rally to $2,600 and then to $3,050.
Instead, if ETH price declines and crosses below the 50-day SMA, it indicates that the market has rejected the breakout above the $2,111 level. This could pull the pair to $1,900 and then to the $1,750 level.
BNB Price Prediction
Buyers are trying to hold BNB (BNB) above the 20-day EMA ($643), but the bears pose a strong challenge.
The stable 20-day EMA and RSI just below the midpoint suggest that the BNB/USDT pair could remain in the $570-$687 range for a few more days. The longer the price remains in a range, the stronger the possible breakout of it.
If buyers push the BNB price above $687, the pair could rise to $730 and then to $790. Conversely, if the price declines and breaks below $600, it suggests that the bears have a slight advantage. The pair could then drop to $570.
XRP Price Prediction
Sellers are trying to hold XRP (XRP) below the moving averages, but the bulls continue to exert pressure.
If XRP price breaks above the moving averages and holds, the rally could reach the $1.61 breakout level and then the downtrend line. Sellers should fiercely defend the downtrend line, as a close above it signals a potential trend change.
On the other hand, if the price declines and breaks below $1.27, it suggests that the bears remain in control. The XRP/USDT pair could then fall to the channel’s support line, where buyers should intervene.
Solana Price Prediction
Solana (GROUND) has been trading between the 50-day SMA ($86) and overhead resistance at $95 over the past few days.
The gradually rising 20-day EMA ($89) and RSI just above the midpoint suggest a slight advantage for buyers. If the bulls break the upper barrier at $95, the SOL/USDT pair could climb as high as $117.
On the other hand, sellers will need to bring the SOL price back below the 50-day SMA to get back in the game. If they do, the pair could fall towards the bottom of the $76-$95 range. A strong rebound from the $76 level could extend the range hold for some time to come.
Dogecoin Price Prediction
Dogecoin (DOGE) bounced off the $0.09 support on Monday, but the bulls are struggling to push the price above the moving averages.
If DOGE price declines sharply from the moving averages, the possibility of a breakout below the $0.09 level increases. The DOGE/USDT pair could then fall to the next support at $0.06.
Alternatively, a close above the moving averages shows strong buying at the $0.09 level. The pair could then rise to $0.10 and then $0.12, which should pose a significant challenge for the bulls.
Hyperliquid price prediction
Hyperliquid (THRESHING) rebounded from the breakout level of $36.77 on Tuesday, indicating that bulls are attempting to tip the level towards support.
The ascending moving averages and the RSI in positive territory indicate that the bulls have the upper hand. If buyers push HYPE price above the $43.77 level, the next stop will likely be $50.
This positive view will be invalidated in the short term if the price declines and falls below the $36.77 level. This suggests that the market has rejected the breakout. The HYPE/USDT pair could then fall to the 50-day SMA ($33.16).
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Cardano Price Prediction
Cardano (ADA) remains stuck in the descending channel pattern, but the bulls are attempting to form a base near $0.25.
A close above the moving averages opens the door for a rally towards the downtrend line. Sellers should aggressively defend the downtrend line, as a close above it signals a potential trend change. The ADA/USDT pair could rise to $0.39 and then to $0.44.
Conversely, if ADA price declines sharply from the downtrend line and crosses below the moving averages, this shows that bears remain short during rallies. This increases the likelihood of a decline below the $0.25 level. The pair could then plunge towards the support line.
Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) closed above the 20-day EMA ($470) on Monday, but the bulls are struggling to push the price up to the 50-day SMA ($492).
This shows that bears are active at higher levels. Sellers will attempt to strengthen their position by lowering the BCH price below the 20-day EMA. If they succeed, the BCH/USDT pair could fall all the way to the $443 level. This is a critical level for bulls to defend, as a close below $443 will complete a bearish head and shoulders pattern. The next downside support lies at $375.
On the positive side, if buyers push the price above the 50-day SMA, it suggests the start of a stronger recovery to $520.
Chainlink Price Prediction
Chain link (LINK) has gradually increased in an ascending channel pattern, indicating a series of higher lows in the short term.
The bulls will attempt to push the LINK price up to the channel resistance line, where the bears are expected to mount a strong defense. If the price declines sharply from the resistance line, the LINK/USDT pair could stay inside the channel for a few more days.
However, if buyers push the price above the resistance line, it signals the start of a stronger recovery. The $11.61 level may pose a hurdle, but if the bulls overcome it, the rally could reach the $14.98 level.
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