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Home»Bitcoin»BTC (Bitcoin), ETH (Ethereum), XRP (Bitcoin), BNB(Bitcoin), SOL/SOLN, ADA/DOGE, PI/LEO, LINK

BTC (Bitcoin), ETH (Ethereum), XRP (Bitcoin), BNB(Bitcoin), SOL/SOLN, ADA/DOGE, PI/LEO, LINK

Bitcoin By Gavin14/03/2025
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1711467483 Analyst Warns Of Bitcoin Pre Halving Retrace Echoing Troubling 2020 Trend
1711467483 Analyst Warns Of Bitcoin Pre Halving Retrace Echoing Troubling 2020 Trend
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BitcoinBTC() is back over the 200-day moving average ($83.754). This indicates that bulls may be trying to make a comeback. It is clear that the bears failed to take advantage of the fall below the SMA 200.

Bitcoin might not yet be in the clear. In a video on X, crypto analyst Matthew Hyland stated that Bitcoin needed a weekly close above $89,000 to confirm a bottom.

CoinGlass estimates that a move over $89,000 would liquidate approximately $1.60 Billion in short positions. Hyland says that Bitcoin is likely to fall between $74,000 and $69,000 if this does not occur.

Daily crypto market view Source: Coin360

The task for buyers is not easy. On March 12, the $13.3m inflows to US Bitcoin ETFs (exchange-traded funds) could not sustain themselves, and these ETFs have since been withdrawn. recorded outflows of $135.2 million on March 13, per Farside Investors data.

Investors are still nervous, and they’re pressing the Sell button in response to the latest tariff threats by US president Donald Trump.

Can Bitcoin reach $100,000 and pull select altcoins up? We’ll find out what the chart of top 10 crypto currencies says.

Bitcoin Price Analysis

The Bitcoin bulls have been trying to recover but will likely face resistance between the SMA 200 and 20 day exponential moving average (86,717).

BTC/USDT chart. Source: Cointelegraph/TradingView

The break of the 200-day SMA could have been a trap for the bears if buyers push the price up above the 20-day EMA. BTC/USDT may rise up to the 50 day SMA ($93.876) before hitting the psychological $100 barrier.

If the price drops from above the resistance zone, this will signal that the bears have taken control. This increases the probability of a fall to $73,777, the crucial support. It is likely that buyers will defend $73,777 because any drop below this level could pull the pair as low as $67,000.

Analysis of the price of Ether

EtherETHThe price of, has traded in a small range, between $1963 and 1,754, which indicates a fierce battle between the bulls.

Chart of ETH/USDT for the day. Source: Cointelegraph/TradingView

Early signs suggest that the relative strength index is forming a divergence. The ETH/USDT could reach the $2,111 breakdown level if the price goes above $1,963. Bears will likely sell at this price, but if bulls continue, they could push the pair to its 50-day SMA of $2,597.

If the price drops below $1.754 and turns downwards from its current $2.111 level, this optimistic outlook will not be valid. This will indicate the return of the downward trend. It is possible that the pair will then plunge to $1500.

Price analysis of XRP

The XRP currency (XRP) rebounded off the $2 support on March 11 and reached the 20-day EMA ($2.35) on March 13.

Chart for XRP/USDT on a daily basis. Source: Cointelegraph/TradingView

Bears try to halt recovery at 20-day EMA but bulls keep up pressure. This increases the likelihood of a breakout above the 20 day EMA. XRP/USDT could then reach $2.64. This level could be cleared and the pair might rally to 3.

In contrast, if price drops sharply below the current levels, then it indicates that sentiments are still negative. It is possible that the pair retests the important $2 support. If this level yields, it will result in a negative head-and shoulders pattern. The pair could fall to as low as $1.28.

BNB Price Analysis

BNBBNB) rose above the 20-day EMA ($591) on March 13, but the bulls could not sustain the higher levels, as seen from the long wick on the candlestick.

BNB/USDT chart for the day. Source: Cointelegraph/TradingView

Bulls again try to push price higher than the 20-day EMA. If they are able to pull off, the BNB/USDT could push past the 50-day SMA (624). If the pair can close and break above the 50 day SMA, it will indicate that the correction is over. After that, the pair may try to rally up to $686.

The bears will need to pull the price down below $500 to stop the upward trend. If the pair falls to $460 then bulls are expected to buy aggressively.

Solana price analysis

Solana (SOLThe price of ) is trading at $132.

SOL/USDT Daily Chart Source: Cointelegraph/TradingView

SOL/USDT could fall to $101 if the pair drops below $120. It is important to keep an eye on this support because it could be the beginning of a downtrend to $98 or even $80 if it breaks and closes below.

The selling pressure may be easing if the 20 day EMA is broken and closed above. The pair might rally towards the 50-day SMA (178), which is where bears should mount a solid defense.

Cardano price analysis

Cardano (ADA) was rejected from the 20-day EMA ($0.77) on March 12, signaling that the bears are selling on rallies.

Chart for ADA/USDT on a daily basis. Source: Cointelegraph/TradingView

The ADA/USDT pairs could reach the line of the ascending trend, an important point for the bulls. Price bounces back strongly from the uptrend, which will increase the chances of breaking above moving averages. The pair may rise as high as $1.02 if that occurs.

In the short term, this positive outlook will be nullified if the price drops and the trend line is broken. This could lead to a fall to $0.58, and then to the intraday low on Feb. 3, $0.50.

Dogecoin Price Analysis

DogecoinDOGEOn March 11, the price bounced back off of the $0.14 level, indicating the bulls’ attempts to protect the current level.

Chart for DOGE/USDT. Source: Cointelegraph/TradingView

At the 20 day EMA ($0.19), it is anticipated that sellers will try to stop this relief rally. Price declines sharply below $0.19 increases chances of breaking under $0.14. If the DOGE/USDT pairs falls to $0.10, it could be a very dangerous situation.

Related: Bitcoin-to-gold ratio breaks 12-year support as gold price hits a record $3K

A break above and a close over the EMA of 20 days will signal strength. The 50-day SMA could be reached ($0.24) if the 20-day EMA is broken and closed above. The sellers will attempt to stop the upward movement at the 50 day SMA. However, if bulls manage to break through the resistance level, they could take the pair to $0.29.

Pi Price Analysis

Pi’s (PI), recovery has stalled on 13 March at $1.80, indicating that bears will sell every small rally.

Chart of PI/USDT for the day. Source: Cointelegraph/TradingView

The bears’ goal is to bring the price below $1.20. That level should be watched closely. The price rebounding off of $1.20 will signal a potential range formation. The pair PI/USDT may oscillate for some time between $1.20-$1.80.

This assumption is incorrect. If the price breaks through $1.20 and continues to fall, this will indicate a resumption in the downtrend. The pair might descend to the $0.72 78.6% level.

UNUS SED LEO Price Analysis

UNUS SED LEOLEOThe price of ) was trading at or near $10 resistance overhead, showing that the bulls kept the pressure up.

LEO/USD Daily Chart Source: Cointelegraph/TradingView

If the price breaks and closes above $10, it will create a triangle bullish pattern. The pattern could then start a move up towards its target at $12.04.

Bears will likely have different plans. The bears will attempt to drag the price up to the upward trend line. This is an important area to keep an eye on. Price rebounding off uptrend line will indicate that LEO/USD could remain in triangle.

A break below the upward trend will give the bears the upper-hand. The pair could fall to $8.84 or even lower to $8.30.

Analysis of the Chainlink Price

ChainlinkLINKThe bears were unable to sustain lower levels.

Chart of USDT/LINK. Source: Cointelegraph/TradingView

Bulls have pushed price into channel since March 14. However, their efforts will likely be met by strong selling near the 20-day EMA (15.14). The bears are likely to try and sink the LINK/USDT below $11.85 if the price moves down. The pair may fall to as low as $10 if they succeed in doing so.

A break above the 20 day EMA and a close over it will indicate that the market has rejected the breakout below the channel. It is possible that the pair will then rise to the 50 day SMA ($18.27).

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.