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Bitcoin (BTC<\/a>) made a brilliant comeback this week, rising more than 7%, indicating solid buying at lower levels. BitMEX co-founder Arthur Hayes said in a post on X that the US bond market crisis could be setting the stage for more policy response<\/a>, and that could result in an “up only mode” for Bitcoin.<\/p>\n Blockchain and intelligence platform Glassnode said in a post on X that Bitcoin had built solid support at $79,000<\/a>, with roughly 40,000 Bitcoin accumulated there. Bollinger Bands creator John Bollinger also echoed similar views. In a post on X, Bollinger said that Bitcoin was forming<\/a> a “classic Bollinger Band W bottom,” but it needed confirmation.<\/p>\n Crypto market data daily view. Source: <\/em>Coin360<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Market participants will be closely watching the performance of the US dollar index (DXY), which is trading below the 100 level. Any further weakness in the US dollar <\/a>could be bullish for Bitcoin. <\/p>\n If Bitcoin manages to hold on to the higher levels, it is likely to boost the sentiment in the cryptocurrency sector. That could trigger a recovery in select altcoins. What are the cryptocurrencies that may benefit from Bitcoin’s strength? <\/p>\n Bitcoin broke and closed above the resistance line on April 12, which is the first indication that the corrective phase may be ending.<\/p>\n BTC\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The bears are unlikely to give up easily and will try to pull the price back below the 20-day exponential moving average ($82,885). If they manage to do that, it suggests that the bears remain active at higher levels. The BTC\/USDT pair could then drop to $78,500.<\/p>\n Buyers are likely to have other plans. They will try to defend the 20-day EMA on the way down. If the price rebounds off the 20-day EMA, it will signal a change in sentiment from selling on rallies to buying on dips. That enhances the prospects of a rally to $89,000 and, after that, to $95,000.<\/p>\n BTC\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The 20-EMA is sloping up, and the relative strength index (RSI) is in the positive territory, indicating an advantage to the bulls. A rebound off the 20-EMA suggests that the bulls are trying to flip the resistance line into support. The pair may face selling at $89,000, but it is likely to be crossed. That could propel the pair to the $92,000 to $95,000 zone.<\/p>\n On the downside, the moving averages are the crucial support for the bulls to defend. If they fail in their endeavor, the pair could plummet to $78,500.<\/p>\n Hyperliquid (HYPE) closed above the 50-day SMA ($15.14) on April 11 and reached the overhead resistance of $17.35 on April 12.<\/p>\n HYPE\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The 20-day EMA ($13.84) has started to turn up, and the RSI has risen near 56, suggesting buyers have the edge. Sellers are trying to defend the $17.35 resistance, but if the bulls prevail, the HYPE\/USDT pair could start a rally to $21 and subsequently to $25.<\/p>\n This optimistic view will be negated in the near term if the price turns down from $17.35 and breaks below the 20-day EMA. The pair could then fall to $12, which is expected to attract buyers.<\/p>\n HYPE\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The pair has pulled back to the 20-EMA, which is a critical near-term support to watch out for. If the price bounces off the 20-EMA with strength, it signals buying on dips. The bulls will then make one more attempt to overcome the barrier at $17.35. If they succeed, the pair may rise to $21. There is minor resistance at $18, but it is likely to be crossed. <\/p>\n Sellers will have to pull and sustain the price back below the 20-EMA to weaken the bullish momentum. The pair could then descend to the 50-SMA.<\/p>\n Ondo (ONDO<\/a>) has broken out of the downtrend line, suggesting that the bears may be losing their grip.<\/p>\n ONDO\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The recovery is facing selling near $0.96 but may find support at the 20-day EMA ($0.83) on the way down. If the price rebounds off the 20-day EMA, the bulls will again try to drive the ONDO\/USDT pair above $0.96. If they manage to do that, the pair could pick up momentum and rally toward $1.20.<\/p>\n Sellers are likely to have other plans. They will try to pull the price back below the 20-day EMA. If they can pull it off, the pair could drop to $0.79 and later to $0.68.<\/p>\n ONDO\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The 4-hour chart shows that the pair is facing selling in the $0.93 to $0.96 resistance zone. Buyers will have to keep the price above the 20-EMA to maintain the upper hand. If the price rebounds off the 20-EMA with strength, the possibility of a break above $0.96 increases. The pair may then climb to $1.05 and later to $1.20.<\/p>\n Instead, if the price skids below the 20-EMA, it suggests that demand dries up at higher levels. The pair may then descend to the 50-SMA.<\/p>\n Related: <\/strong><\/em>Bitcoin price tags $86K as Trump tariff relief boosts breakout odds<\/strong><\/em><\/a><\/p>\n Render (RNDR<\/a>) has reached the overhead resistance of $4.22, where the bears are expected to mount a strong defense.<\/p>\n RNDR\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The moving averages are on the verge of a bullish crossover, and the RSI has risen into the positive zone, signaling an advantage to buyers. If the price rises above $4.22, the RNDR\/USDT pair will complete a double-bottom pattern. There is minor resistance at $5, but it is likely to be crossed. The pair could then climb to the pattern target of $5.94.<\/p>\n Contrary to this assumption, if the price turns down sharply from $4.22 and breaks below the moving averages, it signals a range-bound action in the short term.<\/p>\n RNDR\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The pair is facing selling at $4.06, but the pullback is likely to find support at the 20-EMA. If the price rebounds off the 20-EMA with strength, it will suggest that the sentiment remains positive. That improves the prospects of a break above $4.22. The pair may face resistance between $4.60 and $5, but if the price does not dip back below $4.22, it signals the start of a new up move.<\/p>\n Alternatively, a break and close below the 20-EMA suggests the bulls are losing their grip. The pair may then slump to the 50-SMA, signaling a consolidation in the near term.<\/p>\nBitcoin price analysis<\/h2>\n
Hyperliquid price analysis<\/h2>\n
Ondo price analysis<\/h2>\n
Render price analysis<\/h2>\n
Kaspa price analysis<\/h2>\n