Bitcoin (BTC) bulls maintain the pressure, attempting to push the price above the $90,000 resistance

Bitcoin (BTC) bulls have maintained the pressure and are attempting to push the price above the $90,000 resistance.

Bitcoin (BTC) price is attempting to breakout above the key $90,000 resistance.

The US spot bitcoin exchange-traded funds have seen net inflows for eight consecutive trading days, according to SoSoValue.

Bitcoin bulls are testing the overhead sellers at the 50-day simple moving average (SMA) of $89,787.

Bitcoin price is attempting to breakout above the key $90,000 resistance. A positive sign in favor of the bulls is that the US spot bitcoin exchange-traded funds have seen net inflows for eight consecutive trading days, according to SoSoValue. That indicates institutional investors are gradually buying again.

Another interesting development is that a Bitcoin whale bought 2,400 Bitcoin — worth over $200 million— on March 24 to increase the total holding to more than 15,000 BTC, blockchain analytics firm Arkham Intelligence said in a post on X.

Crypto market data daily view. Source: Coin360

However, a Bitcoin rally may not be easy as bulls are expected to encounter solid selling near $90,000. Alphractal CEO Joao Wedson highlighted in a post on X that whales had closed long positions and initiated short positions on Bitcoin at $88,000. He added that history says the whales are right.

Could Bitcoin break above the stiff overhead resistance, pulling altcoins higher, or is it time for a short-term correction? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin is facing selling at the resistance line, but a positive sign is that the bulls have not allowed the price to dip below the 20-day exponential moving average ($85,825).

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The flattening 20-day EMA and the relative strength index (RSI) near the midpoint suggest that the bulls have a slight edge. A break and close above the 50-day SMA of $89,787 indicates that the correction may be over. The BTC/USDT pair could then soar to $95,000 and later to the crucial resistance at $100,000.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it signals that the bulls have given up. That may sink the pair to $83,000 and then to $80,000.

Ether price analysis

Ether’s (ETH) recovery is facing solid resistance at the breakdown level of $2,111, indicating that the bears are unwilling to give up their advantage.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the price continues lower and breaks below $1,937, it will signal that the bears are trying to flip the $2,111 level into resistance. If that happens, the ETH/USDT pair could decline to $1,800.

This negative view will be invalidated in the near term if the price turns up and breaks above $2,111. That opens the doors for a rally to the 50-day SMA of $2,325 and subsequently to $2,550. Such a move will suggest that the pair may have formed a short-term bottom at $1,754.

XRP price analysis

XRP (XRP) is trying to take support at the 20-day EMA of $2.39, suggesting that the bulls are buying on dips.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price bounces off the 20-day EMA, the bulls will try to push the price to the resistance line. If the price turns down sharply from the resistance line and breaks below the moving averages, it will signal that the bears remain in control. That could keep the XRP/USDT pair stuck between the resistance line and $2 for some more time.

Buyers will be in the driver’s seat on a break and close above the resistance line. The pair may rally to $3 and eventually to $3.40.

BNB price analysis

BNB (BNB) bulls are facing resistance at $644, but a positive sign is that the buyers have not given up much ground to the bears.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA of $616 has started to turn up, and the RSI is in the positive zone, suggesting that the path of least resistance is to the upside. If buyers drive the price above $644, the BNB/USDT pair could ascend to $686. This level may again act as a strong barrier, but if