Today’s encryption price: Bitcoin is approaching the main resistance of about $ 90,000
Bitcoin extended its recovery on Monday, as it approached the next major resistance range near 90,000 dollars, as the wider market fears began to mitigate.
The total value of the cryptocurrency market increased by approximately 2 % to $ 1.74 trillion.
Meanwhile, the fear and greed index rose to 15 points to 45 points. Although it is still in the “fear” area, the transformation reflects a significant improvement in trading morale.
Many altcoins have published modest gains, although the total momentum has been largely concentrated in Bitcoin.
Will the price of bitcoin rise?
The price of Bitcoin has been moving sideways in a wide range of 76,600 dollars and $ 87,500 since March 11.
An analyst says he will need to be broken above $ 90,000 soon, or this volatile phase may pull for a longer period.
According to Daan Crypto Trades, at the present time, the price hovers in the middle of the range, without a clear direction.
He says feelings and momentum can turn up again if Bitcoin can restore the previous range between 90,800 dollars and $ 108,500, which may open the door to new heights.
If this does not happen, he is looking forward to an area of $ 73,000 to 74 thousand dollars as the next main level to watch.
In the long run, though, still optimistic and see that the last correction is a natural decline in the continuous bull cycle.
Currently, many bi -ups are still in favor of Bitcoin.
For example, Bitcoin financing rates are about 0 %, indicating the lack of bias in the market.
When the financing rates are neutral, there is no small cost of operation, which transmits the pressure on both the phase and the short strains.
This can help stabilize prices in the short term, which reduces fluctuations and maintains bitcoin in the standard of monotheism.
At the same time, the feelings began to tend in favor of Bitcoin with the transformation of the wider total conditions.
Trump has reduced his position on mutual definitions on April 2, eliminating fears of a comprehensive trade war.
Moreover, the Federal Reserve indicated that it may stop increasing interest rates at the present time, giving the markets a greater room for breathing.
Meanwhile, the signs of strong accumulation began to appear.
The series analyst, Ali Martinez, pointed to a significant transition of 10,000 BTC-about 842.9 million dollars-from exchanges to the governor of self-friction.
He described this step as “strongly optimistic”, noting that large external flows like this often indicate that investors are planning to keep them in the long run.
With fewer coins available on stock exchanges, the sale pressure tends to decrease, which may support the move above if the momentum rises.
Analyst Niles presented another emerging case, which indicated that the M2 money show has reached the highest new level ever.
Historically, every time this happens, I followed Bitcoin at the highest new level from 8 to 12 weeks.
Depending on this style, Niels believes that Playquin’s chances that reach the highest new level ever by April or May are very strong.
The analyst’s graph has suggested an increase of about $ 123,000 by mid -July.
In the short term, Bitcoin now tests a major level about 88,000 dollars-89,000 dollars-EMA for 21 weeks, which is often seen as important support in the bull market.
According to the analysis, Rekt Capital, if BTC can restore this area as support, it can open the door to penetration about $ 93,500.
When writing, Bitcoin changed hands at $ 87,743, an increase of 3 % in the past 24 hours.
Altcoin market interacts with Trump
Altcoin markets witnessed a brief increase in activity after US President Donald Trump praised Meme Tokeen Trump (Trump) in a post on the social truth.
The total ceiling of the Altcoin market jumped for a short period of 1.28 trillion dollars, but soon gave up these gains, and fell to $ 1.24 trillion in the late Asian trading hours on Monday.
The Altcoin season index fell to 17.
The winners were the main of this day:
Spx6900
SPX6900 (SPX) increased by 25 % over the past day to the highest level in three weeks at $ 0.629 at the time of the press while the maximum market was sitting at $ 580 million.
The daily trading volume jumped by 146 % during the period to 42.52 million dollars, a sign of increased interest among merchants.
source: Coinmarketcap
Most of the gains came after analyst Murad, who has more than 716.1 thousand followers on X, SPX paralyzed, who is believed to have had the same BTC capabilities or higher Meme coins such as SHIB or DOGE since its launch.
Some of these gains also came from a rise in demand from derivative derivatives, with open interest in the futures market that jumps by 27 % from the day before to $ 25.09 million.
The weighted financing rate also turned positively, indicating that most of these merchants were optimistic about his long -term capabilities.
Fartcoin
Over the past 24 hours, Fartcoin (Fartcoin) has increased by 24 % to the highest level during the day at $ 0.631, with the market in the market rising to $ 610 million.
The daily trading volume in Memecoin was more than $ 217 million, or $ 58 % during this period.
source: Coinmarketcap
Fartcoin’s gains today were part of a wider currency gathering, as the market rose 9.4 % after President Donald Trump published Trump on the social truth, which helped stimulate momentum.
Meanwhile, in the one -day graph, the Fartcoin is a round bottom, and a gradual U -shaped curve and often indicates a reduction in sales pressure and turned into market morale.
Sometimes, this style prepares a cup and a formation handle, which can lead to a strong and sustainable rise.
Make
(Offer) jumped 15.7 % last day, trading at $ 3.85 at the time of writing this report.
The price increase came with a significant increase in the daily trading volume, which rose from 36.5 million dollars to $ 120 million.
source: Coinmarketcap
Today’s gains came after a major update of the AI comprehensive tools of the Render network, the introduction of an elegant new interface, a simplified workflow, and the most powerful Genai models.
He also added a direct integration of the image to the Vidoyo and the capacity of the image to the improved image, making it easier for creators to create and develop content.
In addition, the announcement of the Rendercon 2025, scheduled to be held on April 15th in Nya Studios in Hollywood, reinforced the interest of investors.
The first personal conference for the future of the media, technology and art will be explored, and it features a full day of conversations and paintings on emerging trends in drawing graphics in various industries, including movies, VFX, virtual production, and more.
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