Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend.

Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.”

The cryptocurrency markets have seen a rocky start to the week as tariff woes continue to weigh on both traditional and crypto traders.

Nansen research analyst Nicolai Sondergaard told the Chainreaction daily X show that the markets may remain largely pressured until April 2, when the U.S. and China are set to meet for trade talks.

"If the tariffs get dropped, I think that's the biggest driver at this moment to be honest, considering the fact that we're moving into April second for the next round of trade talks and also the fact that, obviously, the market is pricing in some optimism at least on the short-term futures market," Sondergaard stated.

Crypto market data daily view. Source: Coin360

The threat of tariffs has been a major talking point in recent days, with both traditional and crypto markets pulling back sharply.

However, while optimism is building for a no-tariff scenario, several economists have warned that such a move would not necessarily be welcomed by all.

Speaking at the Spring Meetings of the International Monetary Fund (IMF) and World Bank, Paul Krugman said that tariffs are "generally a bad thing."

"They raise prices for consumers and reduce output and employment. But they are especially bad in the current instance. The threatened escalation of the trade war comes at a time when the global economy is already slowing sharply."

Bitcoin price analysis

Bitcoin is struggling to rise and sustain above the 20-day exponential moving average (EMA) but is managing to keep the bears at bay, which is increasing the possibility of a breakout.

BTC/USDT daily chart. Source: TradingView

That increases the possibility of a break above the 20-day EMA. If that happens, the BTC/USDT pair could rise to the 50-day SMA and, after that, to $95,000.

Conversely, if the price turns down from the 20-day EMA and breaks below $81,000, it suggests that the bulls have given up. That could sink the pair to $80,000 and, subsequently, to $76,606. Buyers are expected to defend the $76,606 level because a break below it may deepen the correction. There is strong support at $73,777, but if the level falls, the next stop could be $67,000.

BTC/USDT 4-hour chart. Source: TradingView

Both moving averages are flattish, but the relative strength index (RSI) has risen into the positive zone, suggesting that the bullish momentum is picking up. The first sign of strength will be a close above $87,500, which could open the gates for a rise to $92,500 and, later, to $95,000.

The advantage will tilt in favor of the bears on a break and close below $80,000, which could sink the pair to solid support at $76,606.

Toncoin price analysis

Toncoin (TON) turned down from the $4 level on March 20, but the bulls have managed to keep the price above the moving averages.

TON/USDT daily chart. Source: TradingView

The moving averages are on the verge of a bullish crossover, and the RSI has jumped into the positive zone, improving the prospects of a breakout. If that happens, the TON/USDT pair could surge to $5.

This optimistic view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA, which could pull the pair to $2.81 and then to the solid support at $2.73.

TON/USDT 4-hour chart. Source: TradingView

The pair is taking support at the 20-EMA on the 4-hour chart, signaling that the bulls are buying the dips. However, the bears are expected to put up a good fight and will defend the $3.80 to $4 overhead zone. Sellers will be back in command on a break and close below $3.28, which could start a fall toward $2.90.

On the upside, a breakout and close above $4 signals an advantage to the buyers. There is minor resistance at $4.14, which is likely to be crossed, and the pair may run toward $4.67.

Avalanche price analysis

Avalanche (AVAX) has been in a strong downtrend, but the positive divergence on the RSI suggests that the bearish momentum may be weakening.

AVAX/USDT daily chart. Source: TradingView

The pair has been clinging to the 20-day EMA, increasing the likelihood of a breakout. If that happens, the pair could climb to the 50-day SMA