Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.
CoinShares’ weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week. That takes the total five-week outflows to $6.4 billion. Additionally, the streak of outflows has reached 17 days, marking the longest negative streak since CoinShares records began in 2015.
Daily cryptocurrency market performance. Source: Coin360
It’s not all gloom and doom for the long-term investors. CryptoQuant contributor ShayanBTC said that investors who purchased Bitcoin between three and six months ago are showing an accumulation pattern. Historically, similar behavior has “played a crucial role in forming market bottoms and igniting new uptrends.”
Will buyers succeed in catapulting Bitcoin above the overhead resistance levels? How are the altcoins placed? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index (SPX) is in a strong corrective phase. The fall to 5,504 on March 13 sent the relative strength index (RSI) into the oversold territory, signaling a possible relief rally in the near term.
SPX daily chart. Source: Cointelegraph/TradingView
The bears will try to halt the recovery in the 5,670 to 5,773 resistance zone. If they succeed, it will signal that the sentiment remains negative and traders are selling on rallies. That heightens the risk of a fall to 5,400. The bulls are expected to defend the 5,400 level with all their might because a drop below it may sink the index to 5,100.
On the upside, a break and close above the 20-day exponential moving average (5,780) will signal strength. The index may then climb to the 50-day simple moving average (5,938).
US Dollar Index price analysis
The weak rebound off the 103.37 support in the US Dollar Index (DXY) suggests that the bears have kept up the pressure.
DXY daily chart. Source: Cointelegraph/TradingView
Sellers are trying to sink the index below 103.37. If they can pull it off, the decline could extend to 102 and thereafter to 101.
Conversely, if the price turns up from the current level and breaks above 104, it will signal that buyers are trying to make a comeback. The index could rise to the 20-day EMA (105), which is likely to attract sellers. If buyers do not cede much ground to the bears, the prospects of a break above the 20-day EMA increase. The index could then rally to the 50-day SMA (107).
Bitcoin price analysis
Bitcoin has been trying to form a higher low in the near term, building strength to cross above the 200-day SMA ($84,112).
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The positive divergence on the RSI suggests that the bearish momentum is weakening. If buyers drive the price above the 20-day EMA ($85,808), the BTC/USDT pair could rise to the 50-day SMA ($92,621).
Contrary to this assumption, if the price turns down sharply from the 200-day SMA, it will indicate that the bears are trying to flip the level into resistance. The pair may slide to $80,000 and next to $76,606.
Ether price analysis
Ether (ETH) has been trading between $1,963 and $1,821, signaling a lack of aggressive buying at current levels.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
If the price dips below the $1,821 to $1,754 support zone, it will indicate the resumption of the downtrend. The ETH/USDT pair may then nosedive to the next significant support at $1,550.
This negative view will be invalidated in the near term if the price turns up and breaks above the 20-day EMA ($2,107). The pair could ascend to the 50-day SMA ($2,514), where the bears are likely to sell aggressively. However, if the bulls pierce the 50-day SMA resistance, the pair may rally to $2,857.
XRP price analysis
XRP (XRP) turned down from the 50-day SMA ($2.51) on March 15, indicating that the bears are active at higher levels.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day EMA ($2.34) has flattened out, and the RSI is near the midpoint, indicating a balance between supply and demand. The XRP/USDT pair could remain stuck between the 50-day SMA and $2 for some time.
If the price turns up from the current level and breaks above the 50-day SMA, it will clear the path for a potential rally to $3. Instead, a break and close below $2 will complete a head-and-shoulders pattern. The pair may then tumble to $1.28.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($598) and rose above the 50-day SMA ($620), indicating that the correction may be ending.
BNB/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day EMA has started to turn up, and the RSI has risen into positive territory, indicating a slight advantage to the bulls. If the price sustains above the 50-day SMA, the BNB/USDT pair could rally to $686 and eventually to $745.
The 20-day EMA is the critical support to watch out for on the downside. A break and close below the 20-day EMA will signal that the bears have seized control. The pair may then descend to the strong support at $500.
Solana price analysis
Solana (SOL) turned down from the 20-day EMA ($139) on March 16, signaling that bears are aggressively defending the level.
SOL/USDT daily chart. Source: Cointelegraph/TradingView
The SOL/USDT pair could drop to $120 and then to $110, where buyers are expected to step in. If the price rebounds off the support zone, the bulls will again try to drive the SOL/USDT pair above the 20-day EMA. If they manage to do that, the pair could climb to $180.
This positive view will be invalidated in the near term if the price continues lower and breaks below the support zone. That may start a downward move to $100 and subsequently to $80.
Related: Ethereum onchain data suggests $2K ETH price is out of reach for now
Dogecoin price analysis
Dogecoin (DOGE) has been gradually rising toward the 20-day EMA ($0.19), which is an important near-term resistance to watch out for.
DOGE/USDT daily chart. Source: Cointelegraph/TradingView
If the price turns down sharply from the 20-day EMA, it suggests that bears are selling on every minor rally. That heightens the risk of a break below the $0.14 support. If that happens, the DOGE/USDT pair could plunge to $0.10.
Contrarily, a break and close above the 20-day EMA indicates that the selling pressure is reducing. The pair could rise to the 50-day SMA ($0.23) and later to $0.29. A break and close above $0.29 suggests that buyers are back in the driver’s seat.
Cardano price analysis
Cardano (ADA) has been trading below the 20-day EMA ($0.76) since March 8, but the bears have failed to sink the pair to the uptrend line. This suggests that selling dries up at lower levels.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
Buyers will have to drive the price above the moving averages to start a sustained recovery. The ADA/USDT pair could climb to $1.02, where the bears may again mount a strong defense.
Contrary to this assumption, if the price turns down from the moving averages, it will suggest that bears remain in control. That increases the likelihood of a drop below the uptrend line. If that happens, the pair may plummet to $0.50.
Pi price analysis
Pi (PI) has been gradually sliding toward the $1.23 support, which is likely to attract buying from the bulls.
PI/USDT daily chart. Source: Cointelegraph/TradingView
If the price rebounds off $1.23 with strength, the PI/USDT pair could attempt a move back toward $1.80. Sellers are expected to pose a strong challenge at $1.80, but if the bulls prevail, the pair could rally to $2 and thereafter to $2.35.
Contrarily, if the price turns down from $1.80, it will signal a range formation. The pair may swing between $1.23 and $1.80 for a while. Sellers will strengthen their position on a break below $1.23. The pair may then collapse to the 78.6% retracement level of $0.72.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
ADVERTISEMENT:
Halo, sobat pencinta slot! Pernah mendengar semboyan “slot demo”? Kalau tidak, siap-siap jatuh hati sama program ini. slot demo adalah mesin slots yang selalu memberi win. Yup, slot-slot ini bisa dibilang adalah jagoannya buat membawa pulang hasil. any way, cemana sih caranya nemuin slot gaco yang tepat? Tenang Bro and Sis, kita bahas tenang saja di tempat ini
Game tergaco saat sekarang hanya satu di Indonesia yaitu yang memberikan return tertinggi
Daftar hanya di :
Informasi mengenai KING SLOT, Segera Daftar Bersama king selot terbaik dan terpercaya no satu di Indonesia. Boleh mendaftar melalui sini king slot serta memberikan hasil kembali yang paling tinggi saat sekarang ini hanyalah KING SLOT atau Raja slot paling gacor, gilak dan gaco saat sekarang di Indonesia melalui program return tinggi di kingselot serta pg king slot
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
situs slot terbaru
situs slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
slot terbaru
slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
adipatislot88 permainan paling top dan garansi imbal balik hasil besar bersama adipatislot88.org
akartoto88 permainan paling top dan garansi imbal balik hasil besar bersama akartoto88.biz
allototo88 permainan paling top dan garansi imbal balik hasil besar bersama allototo88.com
alototo88 permainan paling top dan garansi imbal balik hasil besar bersama alototo88.com
an77 permainan paling top dan garansi imbal balik hasil besar bersama an77.biz
an88 permainan paling top dan garansi imbal balik hasil besar bersama an88.net
grandhyatt88 permainan paling top dan garansi imbal balik hasil besar bersama grandhyatt88.com
awan88 permainan paling top dan garansi imbal balik hasil besar bersama awan88.org
banteng88 permainan paling top dan garansi imbal balik hasil besar bersama banteng88.biz
banteng96 permainan paling top dan garansi imbal balik hasil besar bersama banteng96.com
bibir66 permainan paling top dan garansi imbal balik hasil besar bersama bibir66.com
bibir88 permainan paling top dan garansi imbal balik hasil besar bersama bibir88.biz
bocor888 permainan paling top dan garansi imbal balik hasil besar bersama bocor888.biz
boswin888 permainan paling top dan garansi imbal balik hasil besar bersama boswin888.asia
canda88 permainan paling top dan garansi imbal balik hasil besar bersama canda88.org
candatoto permainan paling top dan garansi imbal balik hasil besar bersama candatoto.net
cinta888 permainan paling top dan garansi imbal balik hasil besar bersama cinta888.biz
dalang88 permainan paling top dan garansi imbal balik hasil besar bersama dalang88.info
dalang96 permainan paling top dan garansi imbal balik hasil besar bersama dalang96.org
dinojp88 permainan paling top dan garansi imbal balik hasil besar bersama dinojp88.com
dragon22 permainan paling top dan garansi imbal balik hasil besar bersama dragon22.asia
eyangslot88 permainan paling top dan garansi imbal balik hasil besar bersama eyangslot88.biz
f77bet permainan paling top dan garansi imbal balik hasil besar bersama f77bet.net
f88bet permainan paling top dan garansi imbal balik hasil besar bersama f88bet.asia
haha88 permainan paling top dan garansi imbal balik hasil besar bersama haha88.asia
heroslot888 permainan paling top dan garansi imbal balik hasil besar bersama heroslot888.info
hiwin88 permainan paling top dan garansi imbal balik hasil besar bersama hiwin88.org
hoki222 permainan paling top dan garansi imbal balik hasil besar bersama hoki222.biz
hot99 permainan paling top dan garansi imbal balik hasil besar bersama hot99.info
hotliga88 permainan paling top dan garansi imbal balik hasil besar bersama hotliga88.com
hut88 permainan paling top dan garansi imbal balik hasil besar bersama hut88.info
inajp88 permainan paling top dan garansi imbal balik hasil besar bersama inajp88.net
istanaslot88 permainan paling top dan garansi imbal balik hasil besar bersama istanaslot88.biz
jawatogel88 permainan paling top dan garansi imbal balik hasil besar bersama jawatogel88.com
jayatogel88 permainan paling top dan garansi imbal balik hasil besar bersama jayatogel88.info
jengkol88 permainan paling top dan garansi imbal balik hasil besar bersama jengkol88.info
jeniustoto88 permainan paling top dan garansi imbal balik hasil besar bersama jeniustoto88.org
kakakslot888 permainan paling top dan garansi imbal balik hasil besar bersama kakakslot888.net
kakaslot88 permainan paling top dan garansi imbal balik hasil besar bersama kakaslot88.biz
keltoto88 permainan paling top dan garansi imbal balik hasil besar bersama keltoto88.com
kera33 permainan paling top dan garansi imbal balik hasil besar bersama kera33.com
kera88 permainan paling top dan garansi imbal balik hasil besar bersama kera88.biz
keraktelor permainan paling top dan garansi imbal balik hasil besar bersama keraktelor.org
kuliner88 permainan paling top dan garansi imbal balik hasil besar bersama kuliner88.org
lengkatoto88 permainan paling top dan garansi imbal balik hasil besar bersama lengkatoto88.com
lexitoto88 permainan paling top dan garansi imbal balik hasil besar bersama lexitoto88.net
mahkotajitu88 permainan paling top dan garansi imbal balik hasil besar bersama mahkotajitu88.com
maincuan88 permainan paling top dan garansi imbal balik hasil besar bersama maincuan88.com
menangbet88 permainan paling top dan garansi imbal balik hasil besar bersama menangbet88.asia
menutogel88 permainan paling top dan garansi imbal balik hasil besar bersama menutogel88.com
merdeka88 permainan paling top dan garansi imbal balik hasil besar bersama merdeka88.biz
merdekatoto88 permainan paling top dan garansi imbal balik hasil besar bersama merdekatoto88.info
metrototo permainan paling top dan garansi imbal balik hasil besar bersama metrototo.biz
miegacoan permainan paling top dan garansi imbal balik hasil besar bersama miegacoan.biz
ml88 permainan paling top dan garansi imbal balik hasil besar bersama ml88.net
monas777 permainan paling top dan garansi imbal balik hasil besar bersama monas777.info
monas88 permainan paling top dan garansi imbal balik hasil besar bersama monas88.biz
moris88 permainan paling top dan garansi imbal balik hasil besar bersama moris88.org
nastartoto88 permainan paling top dan garansi imbal balik hasil besar bersama nastartoto88.com
newslot888 permainan paling top dan garansi imbal balik hasil besar bersama newslot888.biz
ngopibet88 permainan paling top dan garansi imbal balik hasil besar bersama ngopibet88.org
omset88 permainan paling top dan garansi imbal balik hasil besar bersama omset88.com
pajaktoto88 permainan paling top dan garansi imbal balik hasil besar bersama pajaktoto88.biz
pc77 permainan paling top dan garansi imbal balik hasil besar bersama pc77.net
pc88 permainan paling top dan garansi imbal balik hasil besar bersama pc88.biz
pin88 permainan paling top dan garansi imbal balik hasil besar bersama pin88.asia
pintoto permainan paling top dan garansi imbal balik hasil besar bersama pintoto.info
pmg888 permainan paling top dan garansi imbal balik hasil besar bersama pmg888.biz
pohon88 permainan paling top dan garansi imbal balik hasil besar bersama pohon88.biz
pulsa77 permainan paling top dan garansi imbal balik hasil besar bersama pulsa77.biz
pulsa88 permainan paling top dan garansi imbal balik hasil besar bersama pulsa88.biz
puma888 permainan paling top dan garansi imbal balik hasil besar bersama puma888.info
pusakajitu88 permainan paling top dan garansi imbal balik hasil besar bersama pusakajitu88.com
qqhok88 permainan paling top dan garansi imbal balik hasil besar bersama qqhok88.org
rapi88 permainan paling top dan garansi imbal balik hasil besar bersama rapi88.info
rt88 permainan paling top dan garansi imbal balik hasil besar bersama rt88.info
rupiahtoto88 permainan paling top dan garansi imbal balik hasil besar bersama rupiahtoto88.asia
s88bet permainan paling top dan garansi imbal balik hasil besar bersama s88bet.org
serba88 permainan paling top dan garansi imbal balik hasil besar bersama serba88.biz
sibukslot88 permainan paling top dan garansi imbal balik hasil besar bersama sibukslot88.com
sinardunia888 permainan paling top dan garansi imbal balik hasil besar bersama sinardunia888.com
sinartogel88 permainan paling top dan garansi imbal balik hasil besar bersama sinartogel88.biz
sloki888 permainan paling top dan garansi imbal balik hasil besar bersama sloki888.info
slotplay88 permainan paling top dan garansi imbal balik hasil besar bersama slotplay88.biz
sp77 permainan paling top dan garansi imbal balik hasil besar bersama sp77.biz
sp88 permainan paling top dan garansi imbal balik hasil besar bersama sp88.org
sparta888 permainan paling top dan garansi imbal balik hasil besar bersama sparta888.co
sukaslot888 permainan paling top dan garansi imbal balik hasil besar bersama sukaslot888.info
sule999 permainan paling top dan garansi imbal balik hasil besar bersama sule999.net
sultanjp88 permainan paling top dan garansi imbal balik hasil besar bersama sultanjp88.com
teluk88 permainan paling top dan garansi imbal balik hasil besar bersama teluk88.biz
teluk88 permainan paling top dan garansi imbal balik hasil besar bersama teluk88.info
tikitoto88 permainan paling top dan garansi imbal balik hasil besar bersama tikitoto88.org
togelsumo88 permainan paling top dan garansi imbal balik hasil besar bersama togelsumo88.com
ultra77 permainan paling top dan garansi imbal balik hasil besar bersama ultra77.biz
userslot88 permainan paling top dan garansi imbal balik hasil besar bersama userslot88.biz
uya88 permainan paling top dan garansi imbal balik hasil besar bersama uya88.biz
uyatoto permainan paling top dan garansi imbal balik hasil besar bersama uyatoto.com
vegasslot777 permainan paling top dan garansi imbal balik hasil besar bersama vegasslot777.asia
vegasslot88 permainan paling top dan garansi imbal balik hasil besar bersama vegasslot88.asia
wajik88 permainan paling top dan garansi imbal balik hasil besar bersama wajik88.asia
