Bitcoin (BTC) went from $ 81,500 on March 4, and Bulls try to extend the recovery of more than $ 90,000 on March 5. However, some analysts do not expect Bitcoin to be in the short term. Bitfinex analysts declared in a market report on March 3 that Bitcoin could face “significant resistance” at $ 94,000.
In another note of caution, the cryptocurrency contributor Xbtmanager declared in a post Quicktake that Bitcoin is likely to extend his consolidation for a certain time. Consequently, risky transactions should be avoided in the coming months. The analyst said the purchase time comes when short -term holders – those who hold less than 155 days – start to sell and long -term holders are starting to buy.
Crypto Market Data Daily View. Source: Corner360
Although short -term price action remains uncertain, investors are confident on Bitcoin’s long -term prospects. The Mexican billionaire Ricardo Salinas said in an interview with Bloomberg that 70% of his investment portfolio was in Bitcoin assets, while the remaining 30% is made up of gold and gold minors.
What are the levels of critical support and resistance in Bitcoin et altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price analysis
Bitcoin seems to form a symmetrical triangle model, indicating the indecision between buyers and sellers.
BTC / USDT daily graphics. Source: Cointelegraph / TradingView
The BTC / USDT pair has reached the 20 -day exponential mobile average ($ 91,174), which is a significant resistance to monitor. A rupture above the 20-day EMA suggests that the reduced sales pressure. The pair will then try to rise above the triangle resistance line and load with the 50-day simple mobile average ($ 97,259). A break and close above the 50-day SMA indicates that the Bulls are back in the game.
This optimistic view will be canceled in the short term if the price drops sharply from the 20 -day EMA and breaks under the triangle. This could lead to a remedy of February 28 intraday below $ 78,258.
Ether price analysis
Ether (ETH) won below $ 2,000 on March 4, but the Bulls aggressively bought at lower levels, as shown in the long tail on the candlestick.
Daily eth / USDT table. Source: Cointelegraph / TradingView
Buyers have an ascending task in front of them, because the rescue rally is likely to deal with a solid resistance to EMA of 20 days ($ 2467) and then on the downline line. If the price decreases from resistance to general costs, the Bears will try again to flow and maintain the ETH / USDT pair below $ 2,111. If they manage to do so, the pair could fall to $ 1,750.
The first sign of resistance will be at a fence above the downward trend line. This suggests that bears lose their grip. The pair can then reach $ 3,400.
XRP price analysis
XRP (XRP) fell into a descending channel model for several days, indicating the purchase close to support and sale near the resistance.
XRP / USDT daily table. Source: Cointelegraph / TradingView
The two mobile averages have flattened and the RSI is near the median point, indicating a balance between supply and demand. If the price lies above the 20-day EMA ($ 2.47), the Bulls will try to push the XRP / USDT pair to the resistance line. A break and close above the canal opens the doors for a rally at $ 3.40.
Conversely, if the price drops from the EMA by 20 days and breaks below $ 2.53, this suggests that the bears have the upper hand. The sale could take a break and close below $ 1.99. The pair can then drop to $ 1.27.
BNB price analysis
The BNB (BNB) broke out below $ 557 support on March 4, but the Bears could not maintain the lower levels.
BNB / USDT Daily Chart. Source: Cointelegraph / TradingView
The Bulls are trying to start a recovery, which should face the 20 -day EMA sale ($ 619). If the price drops sharply from the 20 -day EMA, this suggests that the feeling remains negative and that traders sell during gatherings. This increases the risk of a rupture of less than $ 546. If this happens, the BNB / USDT pair could dive at $ 500.
This negative opinion will be invalidated in the short term if the price continues and exceeds SMA of 50 days ($ 646). The pair could then reach $ 686.
Solana price analysis
Buyers aggressively defend the support of $ 125 in Solana (ground), as shown in the long tail on the candlestick of March 4.
SOL / USDT DAILY that. Source: Cointelegraph / TradingView
There is a minor resistance at $ 151, but if it is crossed, the ground / USDT pair could reach the EMA of 20 days ($ 161). Sellers should fiercely defend the area between EMA 20 days and $ 180. If the price drop in the air area, the pair can oscillate between $ 180 and $ 125 for a while.
Unlike this hypothesis, if the price drops and breaks down below $ 125, it will indicate that each minor rally is sold. The pair could drop to $ 110 and then $ 100.
Cardano price analysis
Cardano (ADA) has attended violent movements in recent days, reporting a difficult battle between the Bulls and the Bears.
ADA / USDT Daily Chart. Source: Cointelegraph / TradingView
The ADA / USDT pair rebounded on the 20 -day EMA ($ 0.80) on March 4, indicating that lower levels attract buyers. If the price remains greater than $ 1, Bulls will try to push the pair again at $ 1.25.
Usually, high volatility periods are followed by a range compression. If the price does not hold above $ 1, this will indicate the sale of gatherings. This can maintain the pair beach linked between the EMA 20 days and $ 1 for a while.
Dogecoin price analysis
DOGECOIN (DOGE) returned from the 20 -day EMA ($ 0.23) on March 3 and broke under the support line.
DAGE / USDT daily table. Source: Cointelegraph / TradingView
A positive minor for Bulls is that they have not authorized the price to slip below the support of $ 0.18. Buyers will try again to push and maintain the price above the 20-day EMA. If they can remove it, this will suggest that the break under the canal may have been a bear trap. The DOGE / USDT pair could reach the 50 -day SMA ($ 0.28).
Learning, a break and a closure of less than 0.18 could start the next step in the downward trend at $ 0.14 and finally to the solid support at $ 0.10.
In relation: 3 reasons why Bitcoin sells for Trump Tariff News
PI price analysis
PI (PI) attended a massive rally of $ 0.10 on February 20 at $ 3 on February 26, reporting aggressive purchases by the Bulls.
PI / USDT Daily Chart. Source: Cointelegraph / TradingView
The reservation of profits dropped the price on February 27 and the PI / USDT pair supports the level of Fibonacci trace at 50% of $ 1.55. The pair will try a rescue rally at $ 2.38, then at $ 2.80. A break and a closure greater than $ 3 will indicate the recovery of the upward trend around $ 4.45.
However, it is unlikely that bears will easily abandon. They will try to sell the gatherings and pull the price below the support of $ 1.55. If they manage to do so, the pair could fall to the retracement of 61.8% of $ 1.20.
Hedera Price Analysis
Hedera (Hbar) has been negotiated between the mobile averages for three days, indicating uncertainty about the following directional movement.
HBAR / USDT daily graphics. Source: Cointelegraph / TradingView
The 20-day EMA ($ 0.23) began to present itself gradually, and the RSI is just above the median point, suggesting a slight advantage for the bulls. A break and close above the 50-day SMA ($ 0.26) could start a rally at $ 0.32 and later at $ 0.35.
Alternatively, a break and a closure below $ 0.22 suggests that the bears are back on order. The Hbar / USDT pair can drop to $ 0.17, which is an important level to defend for buyers.
Channel price analysis
ChainLink (Link) slipped under the support line of the canal model descending on March 4, but the Bulls bought the dip as we see in the long tail on the candlestick.
Link / USDT daily chart. Source: Cointelegraph / TradingView
Buyers will have to push and maintain the price above the 20-day EMA ($ 16.67) to suggest that the reduced sales pressure. The Link / USDT pair could reach SMA of 50 days ($ 20.12), which is likely to act as a strong resistance.
On the contrary, if the price decreases from the current level and closes below the support line, this will indicate that the bears remain in control. The sale could accelerate below $ 13.08, pulling the pair around $ 10.
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.