Bitcoin (BTC) is like a cat with nine lives, staying above $80k while the stock market is doing the Titanic impersonation. π’ Bears tried to throw a BTC party but ended up with no one dancing at the low-price disco. π’
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Byzantine General, the market’s cautious uncle, warns that crypto’s upside could be as limited as a politician’s promises thanks to potential tariff drama. π«
Charles Edwards of Capriole Investments says BTC could go bullish if it jumps over $91k. Otherwise, it might do a swan dive to the $71k zone. π€ΈββοΈπ€·ββοΈ
Will BTC keep its cool above $80k? Are altcoins about to play the game of thrones? Let’s peek at the charts and find out! π§π
Bitcoin’s Pricey Dance
Bitcoin did the tango with the resistance line on April 2, but the long wick on the candlestick says “sell, sell, sell!” at higher levels. Now it’s playing limbo under the 20-day EMA ($84,483). πΊ
The bears need to push BTC below $80k to show they’ve got game. If they do, it’s a retest of the March 11 low of $76,606. Buyers better defend like it’s the last episode of ‘Game of Thrones’! π₯π²
Watch out for the $88,500 resistance like it’s a tiger on the loose. A break above it means the corrective phase might be as done as yesterday’s breakfast. Next stop, $95k! ππ
Ether’s Middle Ground
Ether (ETH) has been doing the hokey pokey between the $1,754 support and the 20-day EMA ($1,928). Will it shake it all about and break below $1,754? πΊ
If sellers can do the hustle, ETH/USDT might moonwalk to $1,550. But RSI’s got a positive divergence, suggesting the bearish party might be over. Bullish reversal? Keep an eye on $2,111. ππ
XRP‘s Bearish Waltz
XRP (XRP) bears did the tango and kept the price from dancing above the 20-day EMA ($2.23), dragging it to the critical support at $2. ππ
The downsloping EMA and RSI below 44 say “watch out below!” A break below $2 could complete a bearish head-and-shoulders. Support at $1.77 might get a haircut, leading to a drop to $1.27. π¨π
BNB‘s Balancing Act
BNB (BNB) bulls tried to push the price like a gym workout but failed, indicating selling at higher levels. Moving averages are turning down, and RSI’s in the dumps. Not a good look! ποΈββοΈπ
Support’s at the 50% Fibonacci retracement level of $575 and then at the 61.8% level of $559. Bulls need to push above the 50-day SMA ($614) to make a comeback. Resistance at $644 is the next big hurdle. π§ποΈββοΈ
Solana’s Slide
Solana (SOL) popped above the 20-day EMA ($128) but got a cold shower from the bears, pushing it below $120 support. πΏπ»
The moving averages are pointing down, and RSI’s in the negatives, increasing the risk of a dive below $110. If it goes, say hello to $80. Bulls won’t go down without a fight, though. $147 is the key level to watch. π€ΌββοΈποΈββοΈ
Dogecoin‘s Dilemma
Dogecoin (DOGE) bulls tried to push above the 20-day EMA ($0.17) but got a “nope” from the bears. ππ«
A silver lining for the bulls is keeping the price above $0.16. A break above the 20-day EMA could lead to a sprint to $0.29. If it turns south, $0.10 might be the next stop. πββοΈπ
Cardano‘s Curveball
Cardano (ADA) took a sharp turn from the 20-day EMA ($0.69) and dipped below the uptrend line. Ouch! π
The bulls are trying to muscle back above the line but might get a bearish beatdown at the 20-day EMA. If it turns down, $0.50 could be in sight. A sharp reversal could aim for $0.84, but will it hold? π€π
Toncoin‘s Tumble
Toncoin (TON) couldn’t hold above $4.14 resistance, and short-term traders might have booked profits. The 20-day EMA ($3.65) breakdown isn’t a good sign. Will it drop to $2.81? ππ€
If it bounces off $3.32, a range might be in the cards. A close above $4.14 could mean the downtrend’s done. Fingers crossed for a jump to $5. π€π
LEO‘s Leaning Tower
LEO (LEO) bears tried to pull it down from the uptrend line but couldn’t keep it down. Buying at lower levels? You bet! π
The 20-day EMA ($9.57) is turning down, and RSI’s in the dumps. Bears will try again to push it below $8.84. If they do, $8 here we come. Bulls need to break above the moving averages to aim for $12.04. ππ
Chainlink’s Chain Reaction
Chainlink (LINK) got a “nope” from the 20-day EMA ($13.98) again. Bears are selling on rallies like it’s a Black Friday sale. ποΈπΈ
LINK/USDT has support in the $12-$10 range. A rebound could lead to a stronger recovery toward $17.50. But sellers might have other plans, aiming to drag it below $10. Let’s hope they don’t succeed! ππ
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2025-04-04 21:32