SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, link

Bitcoin (BTC) increased by 4.25% last week to close more than $ 86,000, and the Bulls extended the recovery of more than $ 88,700 on March 24. The founder of the 10x research, Markus Thielen, said in a March 23 report that Bitcoin reversal indicators had become positive, suggesting a “renewed trend”.

Buyers seem to come back to the markets. According to Sosovalue data, Bitcoin Bitcoin (ETF) funds from the United States saw net entries of $ 744.4 million last week after having recorded five consecutive weeks of outings. However, the ETF Ether could not reproduce a similar performance because they have experienced a successive fourth week of net outings.

Analysts are divided on the action of short -term prices for Bitcoin. Select analysts think that Bitcoin could reach significant resistance nearly $ 90,000, starting a decline to $ 80,000. On the other hand, the co-founder of Bitmex and the investment director of Maelstrom, Arthur Hayes, said in an article on X that Bitcoin would rest at $ 110,000 before falling at $ 76,500.

Could Bitcoin Bulls maintain the momentum and push the price above $ 90,000? Will Altcoins follow Bitcoin above? Let’s analyze the graphics to discover it.

Price analysis of the S&P 500 index

The S&P 500 index (SPX) has reached the exponential 20 -day mobile average (5,742), where bears should intervene.

If the price drops of the EMA of 20 days, the Bears will try to slide the index below 5,670. If they succeed, the index can retest the critical support zone between 5,600 and 5,500.

On the other hand, a fence above the 20-day EMA will be the first indication that the correction could end. The index will then try to climb to the 50 -day simple mobile average (5,913).

Price analysis of the US dollar index

The US dollar index (DXY) rebounded the level of 103.37 on March 19, indicating that the bulls are trying to form a floor.

The index could reach the EMA of 20 days (104.59), which is an important level to monitor. If the index drops sharply from the 20 -day EMA, the Bears will again try to travel the price of less than 103.37. If they can withdraw it, the index can collapse at 102 and possibly at 101.

On the contrary, a break and a closure above the 20-day EMA suggests that the bears lose their grip. The index could climb to the 105.42 failure level, which is likely to act as a formidable barrier.

Bitcoin price analysis

Bitcoin broke out above the 20-day EMA ($ 85,572) on March 23, suggesting the start of a strong recovery.

The 20 -day EMA appears and the RSI increased in a positive territory, signaling a minor advantage to the bulls. The rescue rally is expected to cope with a rigid resistance to SMA of 50 days ($ 90,290). If the price drop in SMA of 50 days but finds support for the 20 -day EMA, this will indicate a positive feeling. This increases the possibility of a rally at $ 95,000, then to $ 100,000.

Conversely, if the price decreases compared to the SMA of 50 days and breaks below the EMA of 20 days, this suggests that the bears remain active at higher levels. A decrease below $ 83,000 could run the BTC / USDT pair at $ 80,000.

Ether price analysis

The ether bulls (ETH) try again to generate the price above the 20-day EMA ($ 2,057) and the distribution level of $ 2,111.

If they manage to do so, this will indicate that the markets have rejected ventilation less than $ 2,1111. The ETH / USDT pair could come together in SMA of 50 days ($ 2,356) and thereafter at $ 2,550.

Time is short of bears. If they want to keep the advantage, they will have to defend the level of $ 2,111 and quickly draw the price below $ 1,750. This can resume the downward trend towards the next support at $ 1,550.

XRP price analysis

XRP (XRP) arrived compared to the 20 -day EMA ($ 2.38) on March 23, indicating that the bulls use the hollows to buy.

Bulls will try to push the price above $ 2.59. If they manage to do so, the XRP / USDT pair could climb to the resistance line, where sellers should set up a solid defense.

If the price drops from the resistance line but bounces EMA 20 days, this will indicate a positive feeling. This improves the prospects of a break above the resistance line. The pair can then get back to $ 3.

Sellers will have to pull the price of less than $ 2.20 to take control. This could erase the path of a retasthe in $ 2 vital support.

BNB price analysis

BNB (BNB) has rebounded on mobile averages, indicating a change in feeling of the sale of rallies to purchase on hollows.

If the price increases and exceeds $ 644, it will indicate the recovery of the recovery. The BNB / USDT pair could rise to $ 686 and above the crucial resistance at $ 745.

The 20 -day EMA ($ 613) is the solid support to monitor upon decline. A break and close below the 20 -day EMA could weaken the bullish momentum. The pair can slide to the level of fibonacci retracement of $ 38.2% of $ 591, then at the retrace level of $ 575.

Solana price analysis

Solana (soil) broke out above the 20-day EMA ($ 135) on March 24, reporting that the Bulls are trying to return.

If the price maintains above the 20-day EMA, the ground / USDT pair could reach the SMA of 50 days ($ 158). The sellers will try to calm the 50 -day SMA rally, but if the Bulls overcome the obstacle, the pair can reach $ 180. This will bring the wide range of $ 110 to $ 260.

On the contrary, if the price decreases from the current level or the 50 -day SMA, this suggests that the Bears remain sellers during gatherings. The Bears will have to pull the price below the support area from $ 120 to $ 110 to start the next step in the downward trend.

In relation: How long will the consolidation of bitcoin prices last?

Dogecoin price analysis

Dogecoin (Doge) exceeded 20 days EMA ($ 0.18), indicating that the bulls maintained the pressure.

If the price closes above the 20-day EMA, the Doge / USDT pair could climb SMA of 50 days ($ 0.21) and later to $ 0.24. The sellers should defend the level, but if the bulls prevail, the pair could rise to $ 0.29.

On the contrary, if the price drops from the EMA by 20 days and breaks below $ 0.16, it will point out that bears remain active at higher levels. The pair can then drop to critical support at $ 0.14.

Cardano price analysis

Cardano (ADA) is traded between the mobile averages and the trend line increased for a few days.

The failure of bears to pour the price to the increased trend line suggests a lack of sale at lower levels. Buyers will try to strengthen their position by pushing the price above mobile averages. If they do this, the ADA / USDT pair could reach $ 0.84 and later at $ 1.02.

This positive view will be invalidated in the short term if the price drops in mobile averages and breaks under the trend line. This could run the pair at $ 0.58 and finally at $ 0.50.

Channel price analysis

ChainLink (Link) came out of the 20 -day EMA ($ 14.60) on March 24, indicating that the downward trend could end.

The Link / USDT pair could reach the 50 -day SMA ($ 16.34), which could again act as rigid resistance. If the price drop in SMA of 50 days, the pair is likely to find support for EMA 20 days. If the price bounces from 20 days EMA, the probability of a rally at $ 19.25 increases.

If the bears want to prevent the increase, they will have to quickly pull the price below $ 13.82. This can run the pair at the channel support line nearly $ 12.

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.