The past few days of March led to a sharp drop to the encryption market. The emerging definitions identified by President Trump on April 2, along with strong basic PCE data, led to a severe decrease in the market. As the month of March approaches its end, the coded currency market is scheduled to end a huge note, which represents the second month of declines, respectively. This position puts merchants in a decisive place where they face next week, and wondering whether the market will recover from its lowest level or drown in April.
Bitcoin and Altcoin market fell strongly
March witnessed that the cryptocurrency market suffers from a noticeable decrease, as the total value decreased by 4.3 %, from 2.79 trillion dollars to 2.67 trillion dollars. Bitcoin followed this trend, attached 4.4 % of its value during the same period.
Also read: Bitcoin is close to the worst Q1 Close since 2018: Will the BTC price pay less than $ 80,000?
Meanwhile, Ethereum, a leader in Altcoin, witnessed a great stagnation, with a decrease in the price of 21 % in March. There was hope to return in the third week when the issue of ripples were rejected against the Supreme Education Council. Nevertheless, he struggled XRP to take advantage of the momentum and end the month in a declining path.
Bitcoin prediction
Bitcoin recently fell below the EMA20 level, which led its price to a decrease to about 81,644 dollars. Now, buyers are trying to pushing him back towards the emerging resistance channel.
On the other hand, the bears look forward to keeping the price below the main support level of $ 83,000. If it succeeds, Bitcoin can decrease to $ 81,000 next week, and perhaps up to $ 80,000. However, buyers are likely to fight a strong battle to maintain the price within a range of $ 76,700 to $ 80,000.
To get a bullish sign, the price needs to go up and stay inside the resistance area. If Bitcoin is closed above the simple moving average for 50 days at 86,000 dollars, this may lead to a recovery about $ 90,000. If the momentum continues to purchase, we may see that it reaches $ 95,000 in April.
Predicting ETHEREUM price
Ether recently faced rejection at the EMA20 level and is now testing the immediate support line. The sellers aim to pay the ETH/USDT pair to the support area at $ 1772.
However, buyers are preparing to defend strongly from this level, because the decrease below may lead to the continuation of the declining direction, and may reach $ 1.5,000.
To indicate a transformation in the momentum, buyers need to pay the price over the descending resistance line. This can successfully send the ether about $ 2,109, which paves the way for April upward with access to $ 2.5,000.
XRP prediction price
XRP suffers from increased fluctuations below the EMA20 direction line, where buyers or sellers can create a clear trend of the $ 2 sign.
Bears aim to pay the price to the level of support to $ 2, but buyers are ready to defend it strongly. Less two dollars will be a declining pattern of the head and shoulder, which is likely to send the XRP/USDT pair to $ 1.8-a level that can be easily breached, leading to a decrease in prices about $ 1.3.
On the contrary, if XRP manages a strong recovery of two dollars, it may remain confined to a triple style for some time. A successful defense can put the bulls to pay the price above $ 2.5.
