Bitcoin (BTC) price analysis: Last chance to buy below $100,000?

The US Dollar Index (DXY) plunged below the 98 level on April 21, falling to a three-year low.

The S&P 500 Index hit a brick wall at the 20-day exponential moving average of 5,399 on April 14 as it recovered from the lows.

The critical support to watch on the downside is 5,119. If this level is broken, the index could plummet to 4,950. The bulls are expected to vigorously defend the zone between 4,950 and 4,835.

Alternatively, if the price rebounds off 5,119, it signals that the bulls are trying to form a higher low. The index could then oscillate between 5,119 and 5,500 for a while. Buyers will have to drive the price above 5,500 to signal that the correction may be over.

US Dollar Index price analysisThe US Dollar Index resumed its downtrend on April 21, which indicates that the bears remain in charge.

The index could collapse to 97.50, which could act as strong support. The oversold level on the relative strength index signals a possible relief rally in the near term. Sellers are expected to aggressively defend the zone between 99 and 100.27 on any recovery attempt. If the price turns down from the overhead zone, the index risks a fall to 95.

The first sign of strength will be a break and close above the 100.27 resistance. That indicates solid buying at lower levels. A short-term trend change is likely if buyers propel the price above the 20-day EMA of 101.64.

Bitcoin price analysisBitcoin made a decisive move higher after days of narrow-range trading, and the price has reached a critical resistance at the 200-day SMA of $88,238.

The moving averages are about to complete a bullish crossover, and the RSI has risen into positive territory, indicating an advantage to buyers. If the 200-day SMA is scaled, it suggests that the BTC/USDT pair may have bottomed out in the near term. The pair could rally to $95,000 and subsequently to the psychologically vital level of $100,000.

The 20-day EMA of $84,176 is likely to provide strong support during any pullback. A break and close below the 20-day EMA signals that the bears are back in the game. The pair may then tumble to $78,500.

Ether price analysisEther (ETH) remains in a downtrend, but the bulls are trying to start a relief rally by pushing the price above the 20-day EMA of $1,659.

The recovery is expected to face selling in the zone between $1,754 and the 50-day SMA of $1,846. If the price turns down from the overhead zone, it heightens the risk of a break below $1,368.

Contrarily, a break and close above the 50-day SMA clears the path for a rally to the breakdown level of $2,111. Sellers are expected to defend the level with all their might because a break above it suggests that the ETH/USDT pair may have bottomed out. The pair may then rise to $2,600.

XRP price analysisXRP (XRP) has risen above the 20-day EMA of $2.09, which indicates that the bearish momentum has weakened.

There is resistance at the 50-day SMA of $2.21, but if the level is crossed, the XRP/USDT pair could march toward the resistance line. Sellers are expected to fiercely defend the resistance line because a rally above it signals a potential trend change.

The $2 level is the crucial support to watch out for on the downside. A break and close below $2 indicates that the bears remain in command. The pair may then tumble to $1.72 and eventually to $1.61.

BNB price analysisBNB broke out of the downtrend line on April 21, which indicates that the bulls are trying to seize control.

A close above the downtrend line opens the doors for a rally to $645. Sellers will try to halt the up move at $645, but if the bulls do not give up much ground, the BNB/USDT pair may rise to $680.

Time is running out for the bears. If they want to make a comeback, they will have to quickly pull the price below $566. Such a move indicates that the markets have rejected the breakout above the downtrend line. The pair could then spend some more time inside the triangle.

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