Bitcoin (BTC) has risen above $85,000, signaling that the bulls are trying to form a higher low at $83,000. The short-term price action remains suscep
Bitcoin (BTC) has risen above $85,000, signaling that the bulls are trying to form a higher low at $83,000. The short-term price action remains susceptible to news related to the US tariffs and the ongoing trade war with China.
Gold has been a clear winner during the current bout of macroeconomic uncertainty. Citing data from Bank of America (BoA), The Kobeissi Letter said that gold funds are on track to hit $80 billion in net inflows year-to-date, roughly double the amount seen in 2020. In comparison, spot Bitcoin exchange-traded funds’ net inflows have shrunk to just $165 million after weeks of continuous outflows, per CoinShares data.
However, some cryptocurrency investors are happy about gold’s rally because a popular theory suggests that Bitcoin not only copies but exceeds gold’s rally with a few months’ lag. Anonymous crypto trader Titan of Crypto said in a post on X that Bitcoin could hit $137,000 by July-August 2025.
Could Bitcoin bulls build momentum and push the price above the overhead resistance? Will the altcoins also see a short-term rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin failed to rise above the 200-day simple moving average ($87,660) on April 15, but a minor positive is that the buyers have sustained the price above the 20-day exponential moving average ($83,289).
The flattish 20-day EMA and the relative strength index (RSI) near the midpoint suggest the sellers are losing their grip. Buyers will have to propel the price above the 200-day SMA to seize control. If they manage to do that, the BTC/USDT pair could jump to $95,000 and eventually to the psychologically crucial level at $100,000.
Contrarily, a break and close below the 20-day EMA indicates that the bulls have given up. That could pull the pair down to $78,500 and later to $73,777.
Ether price analysis
Ether’s (ETH) relief rally stalled at the 20-day EMA ($1,697) on April 14, suggesting that bears remain active at higher levels.
Sellers will try to strengthen their position by pulling the price below $1,471. If they do that, the ETH/USDT pair could fall to $1,368. Buyers will try to guard the $1,368 level, but the pair could slump to $1,150 if the bears have their way.
The first sign of strength will be a break and close above $1,754. That opens the gates for a possible rally to $2,111. The 50-day SMA ($1,919) may act as a barrier, but it is likely to be crossed. Buyers will have to shove the price above $2,111 to signal that the downtrend may have ended.
XRP price analysis
XRP (XRP) broke below the 20-day EMA ($2.10) on April 15 and reached near the critical support at $2 on April 16.
The flattish 20-day EMA and the RSI just below the midpoint suggest a possible range-bound action in the near term. The XRP/USDT pair may swing between $2 and the 50-day SMA ($2.23) for a while.
A break and close above the 50-day SMA could clear the path for a rally to the resistance line. This is an important level for the bears to defend because a break above it will signal a short-term trend change. On the downside, a break and close below $2 could sink the pair to $1.61.
BNB price analysis
BNB (BNB) has been trading inside a triangle, signaling buying near the support line and selling close to the downtrend line.
The downsloping moving averages and the RSI just below the midpoint indicate a slight edge to the bears. There is support at $566 and then at $550. If the price rebounds off the support, the bulls will again try to shove the price above the downtrend line. If they can pull it off, the BNB/USDT pair could rally to $644.
Sellers are likely to have other plans. They will try to pull the price below $550 and retest the support line.
Solana price analysis
Sellers successfully defended the 50-day SMA ($130) in Solana (SOL) and are trying to pull the price below the $120 support.
The flattish 20-day EMA ($124) and the RSI near the midpoint suggest a balance between supply and demand. Buyers are expected to defend the $120 to $110 support zone. If the price rebounds off the support zone, the bulls will again attempt to drive the SOL/USDT pair above the 50-day SMA. If they succeed, the pair could reach $153.
Alternatively, if the price continues lower and breaks below $110, it indicates that bears remain in control. The pair could then tumble to the $95 support.
Dogecoin price analysis
Dogecoin (DOGE) has been gradually sliding to the vital support at $0.14, where the buyers are expected to step in.
The positive divergence on the RSI suggests that the bearish momentum could be weakening. If the price turns up from…
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