Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand.

Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand.

Bitcoin (BTC) price is up roughly 1% for the week as the crypto market stalls ahead of the Easter weekend.

While network economist Timothy Peterson noted that the US High Yield Index Effective Yield has risen by over 8%, which has occurred 38 times since 2010.

After such instances, Bitcoin usually tends to move in a specific directional move three months later.

Out of the 38 cases, Bitcoin went up 71% of the time, with a median gain of 31% and the worst case being a -16% decline.

According to Peterson’s calculations, if the trends continue as usual, then Bitcoin could be trading between $75,000 and $138,000 in 90 days.

The BTC/USDT pair has stayed above the 20-day exponential moving average ($83,704) for the past several days, but the bulls have failed to challenge the 200-day simple moving average ($88,098).

The failure to start a rally could put pressure on the pair in the near term. If the price turns down and breaks below the 20-day EMA, it suggests that the bulls have given up. That opens the gates for a drop to $78,500 and subsequently to the vital support at $73,777.

If buyers want to prevent the downside, they will have to swiftly push the price above the 200-day SMA. That indicates the corrective phase may be over. The pair may surge to $95,000 and eventually to the psychological level of $100,000.

The pair has been trading inside a tight range between $83,000 and $86,000. Failing to break above the overhead resistance may have tempted the short-term bulls to book profits, pulling the price below the moving averages. Trading inside the range is likely to remain random and volatile.

A break and close below the range could start a downward move to $80,000 and then to $78,500. On the other hand, a break and close above $86,000 could propel the pair to $89,000.

BNB price analysis

BNB (BNB) is facing resistance at the downtrend line, but a positive sign is that the bulls have not ceded ground to the bears.

The moving averages have flattened out, and the RSI is near the midpoint, indicating a balance between supply and demand. If buyers drive the price above the downtrend line, the BNB/USDT pair could rally to $644.

Contrary to this assumption, if the price turns down sharply from the downtrend line, it signals that the bears are active at higher levels. A break below $576 could keep the pair inside the triangle for some more time.

The pair has reached the downtrend line, where the bears are expected to pose a strong challenge. The crucial support on the downside is the 50-SMA and then $576. If the price rebounds off the support, it indicates buying on dips. That increases the likelihood of a break above the downtrend line. The pair may then climb to $620.

On the contrary, a break and close below $576 signals that the buyers have given up. That could pull the price down to $566, extending the stay inside the triangle for a while longer.

Hyperliquid price analysis

Hyperliquid (HYPE) rose and closed above the $17.35 overhead resistance on April 19, but the bulls are facing selling at higher levels.

If the price turns up from $17.35, it suggests that every minor dip is being bought. That clears the path for a rally to $21 and thereafter to $25.

Alternatively, a break and close below $17.35 signals that the bears are trying to trap the aggressive bulls. The next support on the downside is the 20-day EMA ($15.32). If the price rebounds off the 20-day EMA, the bulls will again try to overcome the obstacle at $17.35.

The optimistic view will be negated in the near term if the HYPE/USDT pair turns down and breaks below the moving averages.

The pair has dropped to the breakout level of $17.35. If the price rebounds off $17.35 and rises above $18.54, it signals that the bulls have flipped the level into support. That enhances the prospects of a rally to $21.

Conversely, if the price skids below $17.35, it suggests that the bears are trying to regain control. The 50-SMA is