BitcoinBTCIt has been in a very tight trading range for the last few days. A minor plus is that the bulls managed to keep the price over $83,000. A low volatility period will usually be followed by an expansion of the range, although it can be difficult to determine the exact direction.
Analysts remain optimistic about Bitcoin because the price of Bitcoin has risen sharply since gold rallied in 2017. In a recent post, Theya’s head of growth Joe Consorti stated that Bitcoin follows gold with a lag Around 100-150 days.
Consorti expects Bitcoin to reach a new high between the third and fourth quarters of 2025. Cryptollica’s trading and analytical account also projected the same thing. medium-term target of $155,000 for Bitcoin.
Analysts are bullish not only on Bitcoin but also altcoins. Sygnum, a Swiss bank, said that in its Q2 Investment Outlook 2025 improved crypto regulations had prepared the grounds for an increase. strong altcoins rally in the second quarterAs “none of the positive developments have been priced in.”
Can Bitcoin and altcoins start to recover after breaking through their overhead resistance? We’ll find out by analyzing the charts for the 10 most popular cryptocurrencies.
Bitcoin analysis
Bitcoin’s price has fluctuated between its 20-day moving exponential average ($83.463) and 200-day moving simple average ($87.857). It is a sign of a hard-fought battle between the bears and bulls.
The BTC/USDT could fall to $78,500, then $73,777, if the 20-day EMA breaks. It is likely that buyers will defend $73,777 with all of their strength because a breach below the level may indicate the beginning of a downward trend.
In contrast, a close and break above 200-day SMA may indicate that the corrective period is over. The pair may climb up to $95,000, and then to $100,000. This psychologically important level is not far away.
Price analysis of ether
EtherETHThe price of, has traded between $1,368 and $1,754, indicating uncertainty between bulls and bears.
The RSI is in the negative zone and indicates a slight seller’s advantage. The ETH/USDT could fall to $1368 if the price falls below $1471. The $1,368 level is expected to be vigorously defended by buyers, as a breach below this support could send the pair down to $1150.
The bulls may face stiff resistance to the upwards in the region between the 20 day EMA ($1,676) – $1,754. If the pair closes above and breaks the resistance level, it could push the pair up to $2111.
Price analysis of XRP
Bears fail to sink XRPXRPBelow the $2 Support, this suggests a lack selling pressure.
Bulls are likely to try and start a rally, reaching the SMA of 50 days ($2.23). It is important to watch this short-term support level because it can be broken above, allowing a rally towards the resistance line. The price will need to be pushed above the resistance level to indicate a change in trend.
A breach below the support of $2 tilts things in favour of the bears. The pair XRP/USDT may then fall to the $1.72 – $1.61 zone of support.
BNB Price Analysis
BNBBNB( ) is trading below the downward trend line. This indicates that bulls are holding on to positions in anticipation of a breakout.
BNB/USDT may gain momentum and reach $644 if the pair is able to break above the trendline. Sellers may try to hold the resistance at $644, while bulls should buy dips near the 20-day EMA. The likelihood of an increase in price to $680 will be higher if that occurs.
The optimistic viewpoint will soon be nullified if, in the short-term, the price drops below the $566 mark and the downward trendline. The pair could remain trapped in the triangle until further notice.
Solana price analysis
Solana (SOL) rebounded off the 20-day EMA ($126) on April 16 and rose above the 50-day SMA ($130), indicating buying on dips.
SOL/USDT could reach the resistance level of $153, at which the bears will likely mount an aggressive resistance. If buyers break through the level of $153, the pair might surge towards $180.
Between the 20-day EMA ($120) and this zone, buyers are likely to protect the area. The zone between the 20-day EMA and $120 is expected to be defended by buyers. If it gives way, this indicates that bears may be active on higher levels. Pair could descend further to $110 as support.
Dogecoin Price Analysis
DogecoinDOGE) has been trading between the 20-day EMA ($0.16) and the crucial support at $0.14 for the past few days.
This is because the 20-day EMA has flattened and there’s a positive divergence in the RSI. To gain an advantage, buyers will need to push the price up above the 50 day SMA ($0.17). This DOGE/USDT could reach $0.20. If it breaks above that level, a pattern of a two-bottomed bottom will be completed.
If, however, the pair breaks and closes below the $014 support level it signals the next downtrend. This pair may then fall to as low as $0.10.
Cardano price analysis
Cardano is still popular among buyersADA) above the $0.59 support but are struggling to push the price above the 20-day EMA ($0.63).
If the pair ADA/USDT turns downwards and the price falls below $0.59 then it could move towards the firm support level of $0.50. Bulls should defend this important level, because any break below signals a resumption in the downward trend. Next support is $0.40.
After a breakdown, the buyers are in control and will close the day above the SMA of 50 days ($0.70). This pair may then rise to $0.83.
Related: Bitcoin price volatility ‘imminent’ as speculators move 170K BTC — CryptoQuant
UNUS SED LEO Price Analysis
UNUS SEED LEO (LEOShort-term investors may have been tempted to take profits if the price of gold failed to increase above its uptrend line.
The 20 day EMA ($9.34), and the RSI are both in the negative area, signaling a small edge for the bears. The LEO/USD could test the crucial level of $8.79 if the price falls below $8.95. If the price falls below $8.79, it could take this pair down to $8.30.
In the short term, this negative outlook will be nullified if the price moves above the SMA 50 days ($9.56). This pair may then test the strong overhead resistance of $9.90.
Price analysis of Chainlink
ChainlinkLINK) has been trading below the 20-day EMA ($12.77), but the bears have failed to pull the price below $11.68, signaling a lack of sellers at lower levels.
Bulls will attempt to drive the price higher than the moving averages. If the bulls succeed, they could push the LINK/USDT to $16. Sellers may try to stop the rally, but if bulls win out the pair will reach resistance at $16.
The price must be lowered below $11.68 to maintain the sellers’ advantage. It is possible that the pair will then drop to the line support of the channel descending, which would attract buyers.
Analysis of the Avalanche Price
Avalanche (AVAXThe price of ) has traded near moving averages. It indicates that supply and demand are in balance.
The flattish RSI and 20-day EMA (18.97), both near their midpoint, do not provide a clear edge to either the bulls nor the bears. If the uptrend line is broken, it could lead to a move towards the $23.50 overhead resistance. This barrier will need to be overcome by buyers to begin a new upward trend.
A break and close under $17.50 could take the AVAX/USDT to $15.27. The bulls need to hold this important level as any break or close below $17.50 could indicate a return of the downside trend.
The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.
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Source: cointelegraph.com
