Bitcoin (BTC) has shown a 1% increase this week, with analysts anticipating a quiet Easter weekend and uncertain directional moves. Network economist Timothy Peterson predicts Bitcoin to trade between $75,000 and $138,000 in the next 90 days based on historical data. On the other hand, Bloomberg’s Senior Commodity Strategist Mike McGlone warns of a potential drop for Bitcoin and the S&P 500 Index towards their 200-week simple moving average, with Bitcoin’s at around $46,000. In terms of technical analysis, Bitcoin has stayed above the 20-day exponential moving average but has not challenged the 200-day simple moving average. Failure to rally could lead to a drop to $78,500 and then $73,777. On the positive side, a breakthrough above the 200-day SMA could signal a rally to $95,000 and $100,000. BNB (BNB) faces resistance at a downtrend line, while Hyperliquid (HYPE) broke above overhead resistance at $17.35, and Bittensor (TAO) broke above moving averages. Render (RNDR) has broken out of overhead resistance at $4.22 on positive momentum. Technical charts and RSI indicate potential price movements for these cryptocurrencies in the near term. An in-depth analysis of critical support and resistance levels for Bitcoin and other cryptocurrencies is crucial for informed investment decisions. This article serves as information only and does not provide investment advice.
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