The US dollar index (DXY) decreased below the 98th level on April 21, as it decreased to its lowest level for three years. This golden gold has shown to the highest new level ever, and Bitcoin (BTC) showed strength, rising more than $ 88,000.
Arthur Hayes, one of the founders of Bitmex, a malestrom investment employee, believes that it might be the “last opportunity” to buy Bitcoin less than $ 100,000. Hayes expects the Federal Reserve to announce the re -equipment of US Treasury, which will serve as “Bazoka” for the path of bitcoin.
The whales seem ready for this step higher, as they accumulated in March and April. According to Glassnode data, the number of portfolios bearing more than 1,000 bitcoin increased from 2037 in late February to 2,107 on April 15.
Can Bitcoin Bulls maintain the highest levels, leading to a raising of about $ 100,000? Will you follow altcoins? Let’s analyze the plans to find out.
S & P 500 Index Price Analysis
The S&P 500 (SPX) has achieved a 20 -day SIAMAIS wall (5,399) on April 14.
The level of 5,119 is the decisive support for its monitoring on the negative side. If this level is removed, the index may decrease to 4,950. The bulls are expected to defend the area between 4950 and 4,835.
Instead, if the price recovery from 5,119, it indicates that the bulls are trying to form the lowest level. The index can swing between 5119 and 5500 for a period of time. Buyers will have to pay the price above 5500 to indicate that the correction may end.
Analyze the price of the US dollar index
The US dollar index resumed the declining trend on April 21, indicating that the bears remain responsible.
The index can collapse to 97.50, which can act as strong support. The excessive level of sale indicates the RSI index (RSI) has a potential assembly for relief in the short term. Sellers are expected to defend the area between 99 and 100.27 in any recovery attempt. If the price decreases from the upper area, the indicator risks a decrease to 95.
The first mark of strength will be a break and close to 100.27 resistance. This indicates solid purchase at lower levels. Change the direction is likely to be short if buyers pay the price above EMA for 20 days (101.64).
Bitcoin price analysis
Bitcoin took a decisive step after days of narrow -term trading, and the price has reached a critical resistance in SMA for 200 days ($ 88238).
The moving averages are about to complete an upper intersection, and the relative strength index rose to a positive area, indicating an advantage of buyers. If SMA is scamped for 200 days, this indicates that the BTC/USDT pair may have reached the base in the short term. The husband can gather to $ 95,000 and then to the biological level in the psychological point of view of $ 100,000.
EMA is likely to be 20 days ($ 84,176) as strong support during any decline. Break and closed below EMA signals for 20 days until the bears have returned to the game. The husband may collapse to $ 78,500.
Ether price analysis
ETHER (ETH) remains in the landmark, but the bulls are trying to start a relief collection by paying the price over the EMA for 20 days ($ 1,659).
The recovery of sale in the region is expected to face between $ 1754 and SMA for 50 days ($ 1846). If the price decreases from the upper area, it increases the risk of interruption than $ 1,368.
On the contrary, the rest and closure over SMA for 50 days wipe the path to a rise to the level of collapse of $ 2111. Sellers are expected to defend the level with all his strength because the rest over it indicates that the ETH/USDT pair may have reached down. The husband may then rise to 2600 dollars.
XRP price analysis
XRP (XRP) rose over EMA for 20 days ($ 2.09), indicating that the declining momentum has weakened.
There is resistance in SMA for 50 days ($ 2.21), but if the level is crossed, the XRP/USDT pair may move towards the resistance line. The sellers are expected to defend the resistance line because the gathering above it indicates a change in the potential direction.
The level of $ 2 is decisive support on the negative side. Less dollar break and closure indicates that the bears remain driving. The husband may collapse to $ 1.72 and eventually to $ 1.61.
BNB price analysis
BNB (BNB) erupted from the landline line on April 21, indicating that the bulls are trying to control.
The closure opens over the doors doors line to gather to $ 645. The sellers will try to stop the step up at $ 645, but if the bulls do not give up much of the ground, the BNB/USDT husband may rise to $ 680.
Time runs out for bear. If they want to return, they will have to pull the price quickly to less than $ 566. This step indicates that the markets have refused to collapse over the landline line. The husband can then spend some time inside the triangle.
Solana price analysis
Solana was gradually climbing to the public resistance area, which ranged from 148 to 153 dollars, indicating that the bears were losing its grip.
The moving averages are about to complete an upper intersection, and RSI in the positive area, indicating that the less resistant path is the bullish direction. The Sol/USDT pair can gather to $ 180 if buyers penetrate the public area.
Related to: Bitcoin Longs reduced $ 106 million – Does Bitinex BTC whales turn above 86 thousand dollars?
On the contrary, if the price decreases sharply from the upper area, it indicates that the bears are sold on the gatherings. This can maintain the spouses between $ 153 and $ 120 for some time.
Dogecoin price analysis
Dogoin (DOGE) clings to EMA for 20 days ($ 0.16), indicating low selling pressure.
The escape EMA for 20 days and RSI near the center point indicates a balance between supply and demand. SMA breaks and closing for 50 days ($ 0.17) is a feature for bulls. DOGE/USDT pair can gather $ 0.21.
The level of $ 0.14 remains the main support for its monitoring on the negative side. The sellers will have to get rid of the price less than $ 0.14 to indicate the resumption of the declining direction. The pair can decrease to $ 0.13 and then to $ 0.10.
Cardano prices analysis
Bulls try to keep Cardano (ADA) over EMA for 20 days ($ 0.63), indicating a return.
ADA/USDT’s pair may rise to SMA for 50 days ($ 0.69), which is decisive in the near term to monitor. If buyers kick the price over SMA for 50 days, this indicates that the corrective stage may end. The husband can climb to $ 0.83 and then to $ 1.03.
If the price decreases from SMA for 50 days, the bulls will try to stop withdrawal in EMA for 20 days. If this happens, it increases the possibility of SMA for 50 days. The advantage will tend to bears in a break less than $ 0.58.
ChainLink price analysis
ChainLink (link) was closed over EMA for 20 days ($ 12.90) on April 19 and reached SMA for 50 days ($ 13.63).
Seclies will try to defend SMA for 50 days, but if Bulls overcomes the barrier, the bonding pair/USDT can capture momentum and gathering towards the resistance line of the descending canal style. The level of $ 16 may be an obstacle, but it is likely to be crossed.
The first support on the downside is EMA for 20 days and then $ 11.68. A break and closure of less than $ 11.68 indicates that the bears remain in control. The husband may then retreat to the support line, where buyers are expected to intervene.
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.
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