Key points:
- Bitcoin is struggling to reach the $84,000 level, but a minor positive is that the bulls have not allowed the price to skid to the $76,000 support.
- Select major altcoins have turned down from their overhead resistance levels, indicating that the bears remain in control.
Bitcoin’s (BTC) recovery above $82,000 on Thursday was short-lived, as bears sold at higher levels and pulled the price back to the $79,000 level. Glassnode said in its Week On-chain report that several investors bought BTC between November 2025 and February near the $86,900 level. These holders may sell near their entry price after experiencing large drawdowns, creating a barrier for BTC’s continued rally.
Another negative view came from crypto analytics firm CryptoQuant, which said in a recent report that BTC has hit its major resistance at the 200-day moving average near $82,400. In 2022, BTC had resumed its downtrend after failing to cross above the 200-day SMA. BTC may get into trouble if history repeats itself.
In a bear phase, it is not uncommon for the price to hit a wall at the major resistance and pull back. However, a positive sign in favor of the bulls is that they have not allowed the price to dip back below the short-term breakout level of $76,000. That suggests the bulls are not hurrying to close their positions as they anticipate another leg higher.
Could BTC and the major altcoins hold on to their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC rebounded off the 20-day exponential moving average ($79,251) on Thursday, but the bears sold the relief rally.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The BTC price has dipped back to the 20-day EMA, which is a crucial level for the bulls to defend if they want to retain the advantage. If the price turns up from the 20-day EMA with force, the bulls will again strive to push the BTC/USDT pair to $84,000. A break and close above $84,000 clears the path for a rally to $92,000.
On the contrary, if the price sustains below the 20-day EMA, it suggests that the bears are attempting a comeback. The pair may then tumble to the 50-day SMA ($74,968), which is again likely to attract buying by the bulls.
Ether price prediction
Ether (ETH) turned down from the 20-day EMA ($2,297) and has broken below the 50-day SMA ($2,250), indicating an advantage to sellers.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
The ETH/USDT pair may plunge to the support line of the ascending channel pattern, which is a crucial level for the bulls to defend. The failure to do so may sink the ETH price to $1,916.
Instead, if the price turns up from the support line and breaks above the 20-day EMA, it signals buying at lower levels. The pair may then climb to $2,465, which is expected to behave as solid resistance. If buyers overcome the barrier, the pair may rally to the resistance line.
BNB price prediction
Sellers have successfully defended the $687 level in BNB (BNB), but the bulls continue to exert pressure.
BNB/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day EMA ($649) and the RSI near the overbought zone signal that the path of least resistance is to the upside. If buyers clear the $687 hurdle, the BNB/USDT pair may soar to $730 and later to $790.
This bullish view will be invalidated in the short term if the BNB price turns down sharply from the current level and breaks below the 20-day EMA. That suggests the pair may remain inside the $687 to $570 range for some more time.
XRP price prediction
XRP (XRP) rose from the 20-day EMA ($1.42) on Thursday and broke above the downtrend line of the descending channel pattern.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
However, the bulls failed to achieve a close above the downtrend line, indicating that the bears are fiercely defending the level. Sellers will attempt to trap the aggressive bulls by pulling the XRP price below the moving averages. If they can pull it off, the XRP/USDT pair may plummet to $1.27.
Buyers are likely to have other plans. They will attempt to quickly push the price back above the downtrend line. If they do that, the likelihood of a break above the $1.61 resistance increases. The pair may then start a new up move to $2.
Solana price prediction
Solana (SOL) bounced off the 20-day EMA ($89) on Thursday, but the bears sold at higher levels.
SOL/USDT daily chart. Source: Cointelegraph/TradingView
The SOL price has turned down and broken below the 20-day EMA. If the price maintains below the 20-day EMA, the SOL/USDT pair may continue to oscillate between $76 and $98 for a few more days.
Buyers will have to swiftly push the price back above the 20-day EMA to signal strength. The pair may then reach the $98 level, which is the critical overhead resistance to watch out for. A close above $98 clears the path for a rally to $106 and subsequently to $117.
Dogecoin price prediction
Dogecoin (DOGE) reached the $0.12 level on Thursday,…
cointelegraph.com