BitcoinBTC( ) is now above $85,000. This indicates that bulls will be trying to make a new high at $83,000. Short-term, the price movement is still susceptible to any news relating to US tariffs or the trade war between China and the US.
Gold is a big winner in the current period of macroeconomic unrest. According to The Kobeissi Letter, which cited data from Bank of America’s (BoA), gold funds have been performing well. on track to hit $80 billion Inflows have been roughly double what they were in 2020. Spot Bitcoin ETFs’ net inflows have shrunk to just $165 million CoinShares has data that shows that after several weeks of outflows.
Some crypto investors have a positive reaction to gold’s surge because, according to a widely-held theory, Bitcoin’s price rally not only mimics but surpasses that of gold with just a couple months’ delay. Anonymous crypto trader Titan of Crypto stated in a post by X that Bitcoin could hit $137,000 By July or August 2025.
Can Bitcoin bulls gain momentum to push price over the resistance overhead? Will there be a rally in altcoins as well? Find out what the chart of top 10 crypto currencies says.
Bitcoin Price Analysis
Bitcoin’s price failed to surpass the 200-day moving average ($87.660) on 15 April, but buyers did manage to keep the price higher than the 20-day moving exponential average ($83.289).
Sellers are losing control of the market, as indicated by the flattish 20 day EMA. The price will have to rise above the SMA 200 to gain control. If buyers are able to achieve this, BTC/USDT may jump up to $95,000 before reaching the crucial psychological level of $100,000.
A break or close below the 20 day EMA signals that bulls are giving up. The pair could drop to $78,500 or even lower to $73,777.
Price analysis of ether
Ether’s (ETH) relief rally stalled at the 20-day EMA ($1,697) on April 14, suggesting that bears remain active at higher levels.
Sellers may try to increase their profits by lowering the price of ETH/USDT below $1,471. The ETH/USDT could drop to $1,368 if they succeed. If the bears win, they could push the pair down to $1150.
First, if you break through and reach $1754, that will indicate strength. Then, a possible rise to $2.111 is open. It is possible that the 50-day SMA (1,919) will act as a resistance but this barrier may be overcome. To signal the end of the downtrend, buyers will need to push the price over $2.111.
Price analysis of XRP
The XRP currency (XRP) broke below the 20-day EMA ($2.10) on April 15 and reached near the critical support at $2 on April 16.
Near-term, a potential range-bound movement is suggested by the 20-day EMA that’s flat and just below the middle point of the RSI. For a time, the XRP/USDT may fluctuate between $2 and 50-day SMA (2.23).
The 50-day SMA can be broken and closed above to clear the way for the rally towards the resistance line. It is important for bears to hold this level, as a breach above will indicate a trend shift in the short term. A break and close under $2 would bring the pair down to $1.61.
BNB Price Analysis
BNBBNBThe price of ) was trading in a triangular pattern, indicating that it is best to buy near the trendline and sell close the the resistance line.
The RSI and moving averages below midpoint, which are both downsloping, indicate a slight bearish edge. The support is $566. Next, $550. Bulls may try again to push the price over the downward trend line if the price bounces off of the support. The BNB/USDT could reach $644 if they succeed.
The sellers are more than likely working on other ideas. The seller will attempt to lower the price under $550, and test the line of support.
Solana price analysis
Sellers successfully defended Solana’s 50-day SMA (130 dollars)SOL(and are trying to push the price under the $120 Support.
The flattish RSI and 20-day EMA ($124), as well as the EMA nearing the middle, suggest a healthy balance between demand and supply. The $120 to $10 support area is expected to be defended by buyers. Bulls may try to push the SOL/USDT above the 50 day SMA if the price bounces off of the $120 to $10 zone. They could push the pair to $153.
If the price breaks down below $100 and continues to fall, this indicates that the bears are still in charge. This pair may then fall towards the support of $95
Dogecoin prices analysis
DogecoinDOGEThe price of ) is gradually falling to the crucial support level at $0.14 where buyers will be expected to step up.
The positive divergence of the RSI could indicate that the momentum is waning. Price turning up above $0.14 or the current price increases the chance of breaking the 50 day SMA ($0.17). A break above $0.21 will result in a DOGE/USDT double bottom pattern, which signals that the downward trend may be over.
In contrast, a close and break below $0.14 will signal the return of the trend down towards the next important support at $0.10.
Cardano price analysis
Cardano (ADA) turned down from the 20-day EMA ($0.64) on April 13, indicating that the bears continue to sell on rallies.
If they succeed, the ADA/USDT pair could fall to the critical level at $0.50. If the sellers succeed, they could push the ADA/USDT to the crucial level of $0.50. If they fail, the pair could continue to fall to the crucial level of $0.40.
Buyers are more likely to be sold in the area between moving averages. If the price closes above the SMA of 50 days ($0.70), it opens up the possibility for an increase to $0.83.
Related: Why is XRP price down today?
UNUS SED LEO Price Analysis
UNUS SED LEO is being pushed hard by the buyersLEO) above the 20-day EMA ($9.39), which is a positive sign.
It is possible that the SMA 50 day ($9.58) will be a little resistant, but this level should still be passed. LEO/USD may retest $9.90, the crucial overhead resistance. Buyers who overcome this barrier will create an ascending triangular pattern. This could be the start of a movement towards the goal objective at $12.04.
To gain an advantage, sellers will need to maintain a price lower than $9.24. This could lead to a drop down to $8.79.
Analysis of the Chainlink Price
Chainlink (LINK) above the 20-day EMA ($12.81), but they have kept up the pressure.
If the $11.68 level fails, then the LINK/USDT can fall down to the bottom of the descending-channel pattern. The level is expected to be defended by buyers, but the pair may drop as low as $8 if bears win.
Buyers who want a return will need to push the price higher than the moving averages. The pair may then rise to $16 or even the resistance line. The break above and the close over this channel could signal a trend change.
Price analysis of Avalanche
Failure to Push AvalancheAVAXThe short-term bulls may have booked profits above the downward trend line.
AVAX/USDT is currently being sunk below the 20-day EMA (18.98). They could then push the pair down to the support of $15.27. The buyers are likely to defend this level with vigor, as a breach below the 15.27 mark could start the downward trend to $14 then to $12.
A break above and a close over the downward trend line will signal strength. The rally could reach $23.50. The pair would complete a pattern of double bottoms with an objective at $31.73.
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Source: cointelegraph.com
