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Bitcoin

Bitcoin is less than $ 80,000 – does PI, OKB, GT and ATOM excel on BTC and Altcoins?

Last week, Bitcoin (BTC) began to show early signs of the separation of American stock markets. Bitcoin was relatively flat during the week, while S&P 500 decreased by 9 %. The sale was operated after the announcement of the global tariff for US President Donald Trump, which escalated on April 4 with China’s revenge with a new tariff for American goods. Even the gold spared it and it was under 1.9 % for the week.

The founder of the Alpine Fox Mike Alfred in a post highlighted that the thunderbolt gold market is emerging for Bitcoin. During previous sessions, LED LED Bitcoin for a short period, but in the end, Bitcoin caught and slept 10 times or more of gold. He added that it will not be different this time.

Current currencies, China, gold, bitcoin price, markets, USA, cryptocurrency exchange, Donald Trump, Cosmos, Price Analysis, Market Analysis, S&P 500

Daily encryption market data. source: Coin360

Although Bitcoin’s short -term performance is a fan, merchants should remain cautious in order to show more clarity on the total economic front. If American stock markets witness another round of sale, coded currency markets may also be pressure.

A handful of altcoins appears strength on the charts, but waiting for the total feelings to turn into ascending before jumping can be a better strategy. If Bitcoin is broken above its immediate resistance, what are the upper encrypted relationships that you may follow above?

Bitcoin price analysis

Bitcoin Bulls has failed to pay the price over the resistance line, but they haven’t waived much of the ground to the bears. This indicates that the bulls have kept the pressure.

BTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The 20 -day SIA moving average ($ 84,241) flattens, and the RSI index (RSI) is slightly lower than the center point, indicating a balance between supply and demand.

This feature will be in favor of bulls in a break and close to the resistance line. There is resistance at $ 89,000, but if the level is taken out, the BTC/USDT pair may rise about $ 100,000.

80,000 dollars is the vital support to monitor it on the downside. If this level is cracking, the husband may decrease to $ 76,606 and then to 73777 dollars.

BTC/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The pair was combined between $ 81,000 and 88,500 dollars. The moving averages fall on the graph for 4 hours marginally, and RSI is slightly less than the center point, indicating the continuation of the work related to the short term.

If buyers pay the price above 85,000 dollars, the husband may gather to $ 88,500. This level may attract sellers, but the husband may jump to $ 95,000 if bulls prevail.

The Bears will return to the driver’s seat if the price decreases to less than 81,000 dollars to 80,000 dollars. The husband may get rid of $ 76,606.

PI network price analysis

Pi Network (PI) was in a strong landing direction since it topped $ 3 on February 26. On April 5, the relief rally shows the first signs of purchase at lower levels.

PI/USDT Daily Chart. Source: CointeleGRAPH/TradingView

It is expected that any sale in EMA will face 20 days (0.85), which is still the main level in the short term to pay attention. If the PI/USDT pair does not give up a lot of EMA for 20 days, this indicates that the bulls are clinging to their locations. This opens the doors to gather over EMA for 20 days. The husband can then jump to the level of Fibonacci’s re -imitation by 50 % of $ 1.10 and next to the 61.8 % replacement level of $ 1.26.

The level of $ 0.40 is the decisive support on the negative side. A break and closing less than $ 0.40 can sink the husband to $ 0.10.

PI/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The graph for 4 hours shows that the bears defend the simple moving average 50, but simple positive is that the bulls are trying to keep the pair over 20-Daya. If the price recovered from 20-ema, the bulls will try to kick the husband over $ 0.80. If they do, the husband can travel to $ 1.20.

On the contrary, a break and closure below 20-ema indicates that the bears have maintained pressure. Passive momentum can pick up a break below $ 0.54. The husband may re -test vital support at $ 0.40.

OKB price analysis

OKB (OKB) appeared sharply on April 4 and closed over the moving averages, indicating that the bulls are trying to return.

OKB/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The step continued up, and the bulls paid the price of a short -term resistance at $ 54 on April 6. The pair of OKB/USDT can reach the resistance line of the concession channel, which is likely to attract sellers. If the price decreases sharply and it collapses less than $ 54, the husband may swing inside the channel for another few days.

On the other hand, if buyers do not give up much of the resistance line, it increases the possibility of a break over the channel. The husband can climb to $ 64 and then to $ 68.

OKB/USDT scheme for 4 hours. Source: CointeleGRAPH/TradingView

The pair will complete the head and the inverted head style in a break and close over the neckline. You may face the step to the highest sale in the resistance line, but on the way down, if buyers turn the neck line to support, it increases the possibility of breaking the resistance line. If this happens, the husband can start his career towards the goal of the $ 70 style.

Sellers will have to defend the neck line strongly and withdraw the price without 20-ema to prevent the gathering. The husband may decrease to 50-SMA and then to $ 45.

Related to: Solana TVL hits a new new in Sol, DEX folders show strength – will the Sol PRICE reaction be?

Gatetoken price analysis

Gatetoken (GT) found support in SMA for 50 days ($ 22.05) for a few days, an important level to see it.

GT/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Included moving averages and RSI at the bottom of the middle point do not give a clear advantage either to bulls or bears. A break and closing over $ 23.18 can pay the price to $ 24. This remains the main general resistance to defense between the bears because the rest over it can turn the GT/USDT pair to $ 26.

This positive show will be nullified in the short term if the price breaks and keeps SMA for 50 days. The husband may drown to 21.28 dollars, then to $ 20.79.

GT/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The husband fell from the resistance line to the descending canal style, indicating the sale of gatherings. The rest at the bottom of the moving averages indicates that the pair may remain inside the channel for some time.

Buyers will get the upper hand at a break and close the resistance line. Such a step indicates that the corrective stage may end. The husband can gather to $ 23.18 and then to $ 24.

Universe prices analysis

Cosmos (ATOM) tries to form a bottom but faces sale at $ 5.15. There is a positive secondary for bulls is that they did not allow the price to collapse to below the moving averages.

Corn/USDT Daily Chart. Source: CointeleGRAPH/TradingView

If the price recovery from the moving averages by force, it indicates purchases on the decreases. This improves the possibilities of a $ 5.15 resistance. If this happens, the ATOM/USDT pair can rise about 6.50 dollars and then to $ 7.17.

On the contrary, a lower break and closure of the moving averages indicates a possible range of range in the short term. The husband can swing between $ 5.15 and $ 4.15 for a period of time. The sellers will return to driving on a slide less than $ 4.15.

Corn chart/USDT for 4 hours. Source: CointeleGRAPH/TradingView

Bulls and the Bears are witnessing a difficult battle on 20-Daya on the graph for 4 hours. If the price remains less than 20-ema, the husband can stumble to SMA for 50 days and then to $ 4.15. Buyers are expected to defend $ 4.15.

Instead, if the price remains over the EMA for 20 days, it indicates strong demand at lower levels. The bulls will then try to push the husband to $ 5.15. A break and closure over this resistance can start a step up to a new top.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.