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Bitcoin (BTC<\/a>) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend<\/a> but are divided about the next directional move in Bitcoin.<\/p>\n Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%. There have been 38 such instances since 2010, and Bitcoin has risen 71% of the time three months later. Bitcoin recorded a median gain of 31% and the worst loss of -16%. Based on historical data, Peterson anticipates Bitcoin to trade between $75,000 and $138,000<\/a> within 90 days.<\/p>\n Not everyone shares a bullish view. Bloomberg’s Senior Commodity Strategist Mike McGlone said in a post on X that Bitcoin and the S&P 500 Index may drop toward their respective 200-week simple moving average<\/a>, which historically acts as a floor during major corrections. Bitcoin’s 200-week SMA is close to $46,000.<\/p>\n What are the critical support and resistance levels in Bitcoin? What cryptocurrencies may rally if Bitcoin breaks above its overhead resistance?<\/p>\n Bitcoin 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).<\/p>\n The failure to start a rally could put pressure on the BTC\/USDT 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n BNB (BNB<\/a>) is facing resistance at the downtrend line, but a positive sign is that the bulls have not ceded ground to the bears.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Hyperliquid (HYPE) rose and closed above the $17.35 overhead resistance on April 19, but the bulls are facing selling at higher levels.<\/p>\n 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.<\/p>\n 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.<\/p>\n The optimistic view will be negated in the near term if the HYPE\/USDT pair turns down and breaks below the moving averages.<\/p>\n 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.<\/p>\n Conversely, if the price skids below $17.35, it suggests that the bears are trying to regain control. The 50-SMA is the critical support to watch for on the downside because a break below it indicates that the bulls are losing their grip. The pair may then descend to $14.65.<\/p>\n Related: <\/strong><\/em>Bitcoin gets $90K short-term target amid warning support ‘isn’t safe’<\/strong><\/em><\/a><\/p>\n Bittensor (TAO<\/a>) broke above the moving averages and has reached the downtrend line, where the bears are expected to mount a strong defense.<\/p>\n If the price turns down from the downtrend line, the TAO\/USDT pair is likely to find support at the 20-day EMA ($249). A solid bounce off the 20-day EMA improves the prospects of a rally above the downtrend line. The pair could then surge to $360.<\/p>\n Contrarily, if the price turns down and breaks below the 20-day EMA, it suggests that the bears remain in control. The pair may then slump to the $222 support, where the buyers are expected to step in.<\/p>\n The RSI has risen into the overbought zone, suggesting a short-term pullback is possible. If the price rebounds off the 20-EMA, it signals a positive sentiment. That increases the possibility of a break above the downtrend line. There is minor resistance at $313, but it is likely to be crossed.<\/p>\n Contrarily, a break and close below the 20-EMA indicates that the short-term buyers are booking profits. That may pull the pair to the 50-SMA.<\/p>\nBitcoin price analysis<\/h2>\n
BNB price analysis<\/h2>\n
Hyperliquid price analysis<\/h2>\n
Bittensor price analysis<\/h2>\n
Render price analysis<\/h2>\n