Bitcoin (BTC) Eyes $90,000 If 200-Day EMA Support Holds

As the cryptocurrency market stabilizes near crucial support zones, traders and investors closely watch the upcoming “Liberation Day” event scheduled for April 2

As the cryptocurrency market navigates a period of stability close to crucial support zones, traders and investors are closely following the upcoming “Liberation Day” event on April 2.

This event, spearheaded by former U.S. President Donald Trump, is expected to feature the introduction of new policy directives and tariff measures, which could have a broad impact on market volatility across risk assets, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

Bitcoin Could See $90,000 If 200-Day EMA Holds

Bitcoin, the world’s leading cryptocurrency, is currently trading at around $86,766 after successfully reclaiming its 200-day Exponential Moving Average (EMA) at $85,556 earlier this week.

The digital asset has seen a 4.4% increase over the last three sessions, although bullish momentum remains moderate ahead of key macroeconomic catalysts.

From a technical standpoint, Bitcoin’s daily chart shows a slight buildup of buying pressure. The Relative Strength Index (RSI) stands at 51, placing it slightly above the neutral midpoint and indicating moderate bullish momentum.

Moreover, the Moving Average Convergence Divergence (MACD) indicator has recently shown a bullish crossover, with green histogram bars forming above the zero line, suggesting a potential continuation of upward movement.

If BTC manages to hold above its 200-day EMA, it could continue its recovery and test the psychological resistance at $90,000. A successful daily close above this level would pave the way for a further rally toward the March 2 swing high at $95,000.

However, failure to maintain support at the 200-day EMA could result in a bearish reversal, exposing Bitcoin to increased downside risks, with the next significant support level located at $78,258.

Ethereum Attempts Recovery As $1,861 Support Holds

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has shown signs of recovery after finding strong support at $1,861 over the past two weeks.

Currently trading at approximately $2,056, ETH has rebounded by nearly 7% from its recent support zone, briefly touching the $2,081 mark before encountering mild profit-taking.

The daily RSI for Ethereum is at 44.3, below the neutral 50, indicating that traders are still exhibiting caution. A decisive move above 50 would signal a stronger resurgence of bullish momentum.

Additionally, the MACD indicator remains in a bullish crossover, with green histogram bars becoming more prominent above the neutral line, suggesting a potential continuation of upward movement.

If Ethereum sustains its position above $1,861, it could attempt to retest the March 7 high of $2,258. A confirmed breakout above this resistance level would open the door for further gains toward $2,315.

Conversely, a daily close below $1,861 would invalidate the short-term bullish setup, potentially leading ETH to retest lower support at $1,756.

XRP Aims For $2.72 If $2.32 Support Holds

Ripple’s native token, XRP, is currently consolidating gains above $2.44 after bouncing off its 100-day EMA support at $2.32 last week. The cryptocurrency has seen a 7% rebound before stabilizing, and its near-term trajectory will depend on whether the $2.32 support level holds.

Technical indicators present a mixed outlook for XRP. The RSI stands at 50.16, suggesting a balance between buyers and sellers. A move above 55 would indicate a stronger bullish bias, potentially sparking more significant gains.

Additionally, the MACD indicator remains in a bullish crossover, with histogram bars above the baseline, implying that upward momentum could continue if buying volume increases.

Should XRP maintain support above $2.32, it could attempt a breakout toward the $2.72 resistance zone. A successful move above this level would confirm a bullish continuation toward $2.98.

However, failure to hold above $2.32 could trigger a fresh wave of selling pressure, leading to a potential drop toward the next major support at $1.96.

Broader Market Sentiment And Implications

The broader cryptocurrency market remains sensitive to upcoming macroeconomic events, with traders closely monitoring Trump’s “Liberation Day” and potential policy announcements.

Historically, political uncertainty and economic shifts have a significant impact on digital asset prices, making April 2 a crucial date for market participants.

Overall, Bitcoin, Ethereum, and XRP are at pivotal support zones, and their near-term direction will depend on key technical and fundamental factors. If bullish momentum strengthens, these assets could see significant upside, but downside risks remain if crucial support