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Cryptocurrency News Articles
Bitcoin (BTC) is moving farther away from the crucial $90,000 mark
Mar 29, 2025 at 02:03 am
Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels.
Bitcoin (BTC) moved further away from the crucial $90,000 mark on March 28, indicating that buying dries up at higher levels.
Market participants seemed nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures came in hotter-than-expected.
Traders are divided about Bitcoin’s price trajectory in 2025. Analyzing data from the prediction markets platform Polymarket, X user Ashwin highlighted that Bitcoin’s most bearish target for 2025 is $59,040, and the most bullish is $138,617.
Crypto market data daily view. Source: Coin360
Although the near-term remains uncertain, Real Vision chief crypto analyst Jamie Coutts remains bullish on Bitcoin.
Coutts told Cointelegraph that Bitcoin could hit a new all-time high above $109,000 before the end of the second quarter. A lack of clarity on the US tariffs and recession concerns are unlikely to derail the potential Bitcoin rally.
What are the important support levels to watch out for in Bitcoin and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin turned down from the resistance line and broke below the 20-day exponential moving average ($85,765) on March 28.
BTC/USDT daily chart. Source: Coin36
The bears will try to pull the price below the immediate support at $83,000. If they do that, the BTC/USDT pair could slide to $81,000 and later to $80,000. Buyers are expected to fiercely defend the zone between $76,606 and $80,000.
The bulls will have to push and maintain the price above the resistance line to signal that the correction may be ending. A close above the 50-day simple moving average ($89,346) could propel the pair to $95,000 and eventually to the psychological resistance at $100,000.
Ether price analysis
Ether (ETH) turned down from the breakdown level of $2,111 and broke below the 20-day EMA ($2,032), indicating that the bears remain in control.
ETH/USDT daily chart. Source: Coin36
Sellers will try to sink the ETH/USDT pair to the $1,800 to $1,754 support zone. Buyers are expected to vigorously defend the zone because a break below it could resume the downtrend. The next stop on the downside could be $1,550.
Buyers will have to push and sustain the price above $2,111 to signal that the bearish momentum is weakening. The 50-day SMA ($2,293) may act as a hurdle on the upside, but if taken out, the pair could rally to $2,550.
XRP price analysis
XRP (XRP) turned down and broke below the moving averages on March 26, indicating that the bears remain sellers on every minor rise.
XRP/USDT daily chart. Source: Coin36
The bears will try to sink the price to the vital support at $2. Buyers are expected to defend the level with all their might because a break below $2 will complete a bearish head-and-shoulders pattern. The XRP/USDT pair may then plunge to $1.27.
On the contrary, a strong bounce off the $2 support could keep the pair stuck inside the triangle for a while longer. The bulls will be back in the driver’s seat on a break and close above the resistance line.
BNB price analysis
BNB (BNB) has been trading between the moving averages and the $644 resistance for the past few days.
BNB/USDT daily chart. Source: Coin36
The upsloping 20-day EMA ($618) and the RSI in the positive territory signal a slight advantage to buyers. If the price rebounds off the moving averages with strength, it improves the prospects of a break above $644. The BNB/USDT pair could then surge to $686.
Contrary to this assumption, if the price continues lower and breaks below the moving averages, it indicates that the bulls have given up. The pair may descend to the 38.2% Fibonacci retracement level of $591.
Solana price analysis
Solana (SOL) broke below the 20-day EMA ($136) on March 28, suggesting a lack of demand from the bulls.
SOL/USDT daily chart. Source: Coin36
Sellers will try
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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