Bitcoin (BTC) bulls have pushed the price above the $87,000 level even as US trade tariffs are slated to kick in on April 2

Bitcoin may remain volatile in the near term, but analysts remain bullish for the long term.

The bulls have pushed Bitcoin (BTC) price above the $87,000 level even as US trade tariffs are slated to kick in on April 2. Bitcoin may remain volatile in the near term, but analysts remain bullish for the long term.

According to Fidelity analyst Zack Wainwright, Bitcoin is currently in an acceleration phase, which “can conclude with a sharp, dramatic rally” if history repeats itself. If that happens, Wainwright expects $110,000 to be the starting base of the next leg of the upmove.

Crypto market data daily view. Source: Coin360

BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said in a post that if the Federal Reserve pivots to quantitative easing, then Bitcoin could rally to $250,000 by year-end.

Could Bitcoin break above the $89,000 overhead resistance, starting a rally in select altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin has risen close to the resistance line, where the sellers are expected to pose a solid challenge.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The flattening 20-day exponential moving average ($85,152) and the relative strength index (RSI) just above the midpoint signal that the bears are losing their grip. That improves the prospects of a rally above the resistance line. If that happens, the BTC/USDT pair could climb to $95,000 and eventually to $100,000.

Alternatively, if the price turns down sharply from the resistance line and breaks below $81,000, it will suggest that the bears have returned to the driver’s seat. The pair may then tumble to $76,606.

Ether price analysis

Ether (ETH) rebounded off the $1,754 support on March 31, signaling that the bulls are attempting to form a double-bottom pattern.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The bears will try to stall the relief rally at the 20-day EMA ($1,965). If the price turns down from the 20-day EMA, the possibility of a break below $1,574 increases. The ETH/USDT pair may then collapse to $1,550.

Contrarily, a break and close above the 20-day EMA opens the door for a move to the breakdown level of $2,111. If buyers pierce this resistance, the pair will complete a double-bottom pattern, starting a rally to the target objective of $2,468.

XRP price analysis

XRP’s (XRP) weak bounce off the crucial $2 support suggests a lack of aggressive buying by the bulls at the current levels.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

That heightens the risk of a downside breakout and a move below $2. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. This negative setup could start a downward move to $1.27. There is support at $1.77, but it is likely to be broken.

On the upside, a break and close above the 50-day SMA ($2.39) suggests solid buying at lower levels. The pair may then rally to the resistance line, where the bears are expected to mount a strong defense. A breakout and close above the resistance signals a potential trend change.

BNB price analysis

BNB’s (BNB) recovery attempt stalled at the moving averages on April 1, indicating that the bears are selling on rallies.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The bears will try to strengthen their position by pulling the price below $587. If they can pull it off, the BNB/USDT pair could descend to the 50% Fibonacci retracement level of $575 and later to the 61.8% retracement of $559. The deeper the pullback, the greater the time needed for the pair to recover.

A break above the moving averages is the first sign that the selling pressure has reduced. The pair may rally to $644 and then to $686, which is likely to attract sellers.

Solana price analysis

Solana (SOL) is getting squeezed between the 20-day EMA ($132) and the $120 support, signaling a possible range expansion in the short term.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

If the price breaks and closes above the 20-day EMA, it suggests that the buyers have overpowered