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Bitcoin bottom forming as Fed eases, Trump softens on tariffs: Analyst

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Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to a crypto analyst.

“Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” 10x Research’s founder Markus Thielen said in a March 23 report.

The Federal Reserve signaled in its March 18-19 meeting that it would also “look past short-term inflationary pressures, laying the groundwork for potential future easing,” Thielen added.

“Powell’s mildly dovish tone suggests that the Fed’s put remains intact, providing further support for a recovery in stock prices.”

10x Research’s Bitcoin reversal indicators have turned bullish as a result, with Bitcoin’s (BTC) 21-day moving average now at $85,200, Thielen noted.

Bitcoin’s bottoming formations over the last two years. Source: 10x Research

He said these weekly reversal indicators have pulled back to levels where past bull markets have resumed, such as in September 2023 — spurred on by the Bitcoin exchange-traded fund narrative — and August 2024 as the US election neared.

“In short, the technical backdrop has now reset to a point where a renewed uptrend could plausibly unfold.”

Thielen also noted that several altcoins are already breaking out of their downtrend channels and trading at more “attractive levels.”

Bitcoin is currently trading at $85,720, up 2.1% over the last 24 hours, CoinGecko data shows.

Meanwhile, Ether (ETH), Tron (TRX), and Avalanche (AVAX) have rebounded 4.3%, 6.4% and 8.9% respectively over the last week. 

The crypto research analyst, however, expects to see “significant resistance” at the $90,000 mark for Bitcoin, should it reach that level.

Despite the more positive outlook, “no clear catalyst exists for an immediate parabolic rally” is in sight, Thielen said.

Related: Bitcoin ‘in position’ for first key RSI breakout in 6 months at $85K

He initially said Bitcoin wouldn’t drop below $73,000 — thereby avoiding a “deep bear market” — because the largest sum bracket of Bitcoin holders (wallets with 100-1000 Bitcoin) are likely family offices and wealth managers who are invested in Bitcoin for the long term.

He also noted that the US-based spot Bitcoin ETFs returned inflows for the first time last week since the last week of January. 

“We expect Bitcoin ETF selling from arbitrage-focused investors to wind down, as the arbitrage opportunities have primarily been closed for weeks,” Thielen added.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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Price analysis 3/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, XLM

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Bitcoin (BTC) bulls have maintained the pressure and are attempting to push the price above the $90,000 resistance. A positive sign in favor of the bulls is that the US spot Bitcoin exchange-traded funds have witnessed net inflows for eight successive trading days, according to SoSoValue data. That indicates institutional investors are gradually buying again.

In another positive, a Bitcoin whale bought 2,400 Bitcoin — worth over $200 million — on March 24 to increase the total holding to more than 15,000 BTC, blockchain analytics firm Arkham Intelligence said in a post on X.

Crypto market data daily view. Source: Coin360

However, a Bitcoin rally may not be easy as bulls are expected to encounter solid selling near $90,000. Alphractal CEO Joao Wedson highlighted in a post on X that whales had closed long positions and initiated short positions on Bitcoin at $88,000. He added that history says the whales are right.

Could Bitcoin break above the stiff overhead resistance, pulling altcoins higher, or is it time for a short-term correction? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin is facing selling at the resistance line, but a positive sign is that the bulls have not allowed the price to dip below the 20-day exponential moving average ($85,825). 

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The flattening 20-day EMA and the relative strength index (RSI) near the midpoint suggest that the bulls have a slight edge. A break and close above the 50-day simple moving average ($89,787) indicates that the correction may be over. The BTC/USDT pair could soar to $95,000 and later to the crucial resistance at $100,000.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it signals that the bulls have given up. That may sink the pair to $83,000 and then to $80,000.

Ether price analysis

Ether’s (ETH) recovery is facing solid resistance at the breakdown level of $2,111, indicating that the bears are unwilling to give up their advantage.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the price continues lower and breaks below $1,937, it will signal that the bears are trying to flip the $2,111 level into resistance. If that happens, the ETH/USDT pair could decline to $1,800.

This negative view will be invalidated in the near term if the price turns up and breaks above $2,111. That opens the doors for a rally to the 50-day SMA ($2,325) and subsequently to $2,550. Such a move will suggest that the pair may have formed a short-term bottom at $1,754.

XRP price analysis

XRP (XRP) is trying to take support at the 20-day EMA ($2.39), suggesting that the bulls are buying on dips.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price bounces off the 20-day EMA, the bulls will try to push the price to the resistance line. If the price turns down sharply from the resistance line and breaks below the moving averages, it will signal that the bears remain in control. That could keep the XRP/USDT pair stuck between the resistance line and $2 for some more time.

Buyers will be in the driver’s seat on a break and close above the resistance line. The pair may rally to $3 and eventually to $3.40.

BNB price analysis

BNB (BNB) bulls are facing resistance at $644, but a positive sign is that the buyers have not given up much ground to the bears.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($616) has started to turn up, and the RSI is in the positive zone, suggesting that the path of least resistance is to the upside. If buyers drive the price above $644, the BNB/USDT pair could ascend to $686. This level may again act as a strong barrier, but if the bulls overcome it, the pair may rally to $745.

The first sign of weakness will be a break and close below the 20-day EMA. That may pull the price down toward the 38.2% Fibonacci retracement level of $591.

Solana price analysis

Solana (SOL) broke and closed above the 20-day EMA ($136) on March 24, suggesting the start of a relief rally.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The 50-day SMA ($155) may act as a resistance, but if the bulls prevail, the SOL/USDT pair could rally to $180. Sellers are expected to aggressively defend the $180 level. If the price turns down sharply from $180 and breaks below the 20-day EMA, it will signal a possible range formation in the near term. The pair may consolidate between $110 and $180 for some time.

Instead, if buyers drive the price above $180, it suggests that the pair has started its journey toward the top of the large $110 to $260 range.

Dogecoin price analysis

Dogecoin (DOGE) rose and closed above the 20-day EMA ($0.18) on March 25, suggesting the start of a sustained recovery.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The DOGE/USDT pair is facing selling at the 50-day SMA ($0.21). If the price rebounds off the 20-day EMA, it will signal buying on dips. The bulls will try to propel the pair to $0.24 and later to $0.29.

On the other hand, if the price skids below the 20-day EMA, it will indicate that bears continue to sell on rallies. The pair may drop to $0.16 and then to the crucial support at $0.14.

Cardano price analysis

Cardano (ADA) bulls pushed the price above the 50-day SMA ($0.75) but are struggling to sustain the higher levels.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If the price breaks below the 20-day EMA, the bears will attempt to pull the ADA/USDT pair to the uptrend line. This is an important level for the bulls to defend because a break below it could tilt the advantage in favor of the bears. The pair could then descend to $0.58 and, after that, to $0.50.

If buyers want to seize control, they will have to push and maintain the price above the 50-day SMA. If they manage to do that, the pair could rise to $0.84. This level may act as a strong resistance, but if the bulls prevail, the pair may climb to $1.02.

Related: Bitcoin price just ditched a 3-month downtrend as ‘key shift’ begins

Chainlink price analysis

Chainlink (LINK) has moved up to the 50-day SMA ($16.12), which is likely to act as a stiff resistance.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

If the price turns down from the 50-day SMA, the LINK/USDT pair may find support at the 20-day EMA ($14.75). A strong rebound off the 20-day EMA increases the likelihood of a break above the 50-day SMA. The pair could climb to $17.7 and later to the resistance line.

If bears want to prevent the upside, they will have to swiftly pull the price back below the 20-day EMA. The pair could slump to $13.82 and thereafter to the channel’s support line.

Avalanche price analysis

Avalanche’s (AVAX) relief rally rose above the 50-day SMA ($22.10) on March 25, indicating that the downtrend could be ending.

AVAX/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($20.42) has started to turn up, and the RSI has jumped into the positive zone, signaling an advantage to buyers. If the AVAX/USDT pair turns down from the current level but finds support at the 20-day EMA, it suggests a change in sentiment from selling on rallies to buying on dips. That improves the prospects of a rally to $27.23.

On the contrary, a break and close below the 20-day EMA signals a range formation between $25.12 and $15.27.

Stellar price analysis

Stellar (XLM) recovered to the breakdown level of $0.31, where the bears are expected to mount a strong defense.

XLM/USD daily chart. Source: Cointelegraph/TradingView

If the price turns down from $0.31 and breaks below $0.27, it will suggest that the bears are active at higher levels. That heightens the risk of a drop to the critical support at $0.22, where buyers are expected to step in.

Alternatively, a break and close above $0.31 signals that the markets have rejected the breakdown. The XLM/USDT pair may rise to the downtrend line, which could again pose a substantial challenge. A break and close above the downtrend line suggests a potential trend change.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Specialized purpose DEXs poised for growth in 2025 — Curve founder

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Several sectors of decentralized finance are poised for growth in 2025, including special-purpose decentralized exchanges (DEXs), stablecoins, and tokenized assets, according to Curve Finance founder Michael Egorov.

Growth in decentralized exchanges will be driven by new purpose-tailored platforms, such as exchanges for stablecoins pegged to different underlying fiat currencies, thus solving the foreign exchange problem in stable tokens, Egorov said in an interview with Cointelegraph. The Curve founder added:

“Exchanges between stablecoins of different denominations like the Euro, US dollar, and others are not yet properly solved. How to provide liquidity without losing money, but while earning a lot of money, is kind of an open question that I think will be solved soon.”

The number of centralized and decentralized stablecoin offerings will also grow as financial institutions and blockchain developers create new alternatives, Egorov said.

However, the regulatory landscape must catch up with the pace of innovation in the DeFi sector, and financial regulators are still using laws designed for the legacy system established in the 20th century, he said.

DEX volume surged to new heights in the first several months of 2025. Source: DeFiLlama

Related: DeFi lender Nostra pauses borrowing after price feed error

US lawmakers vote to kill DeFi broker rule

Lawmakers in the United States recently voted to repeal the Internal Revenue Service’s (IRS) regulation requiring decentralized finance platforms and protocols to report financial information to the government agency.

On March 4, the US Senate passed a resolution repealing the IRS broker rule in a 70 to 27 vote, which was followed by the US House of Representatives voting to kill the IRS rule on March 11.

The resolution will need to pass another Senate vote before being sent to President Donald Trump, who has signaled he’d support it.

A report titled The State of Stablecoins 2025: Supply, Adoption & Market Trends from Dune Analytics and onchain analysis firm Artemis shows that stablecoin adoption surged by 53% year-over-year.

Stablecoins hit a market cap of over $227 billion. Source: RWA.XYZ

The report tracked active stablecoin addresses between February 2024 to February 2025 and found that active accounts increased to 30 million from 19.6 million.

Similarly, a March 18 report from Coinbase and EY-Parthenon indicated that 83% of institutional investors polled say they are increasing their crypto allocations in 2025.

Magazine: DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame

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XRP price at risk of 50%+ correction if bearish trading pattern holds — Peter Brandt

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XRP (XRP) price continues to underperform the broader crypto market this week, even though multiple altcoins turned green as Bitcoin (BTC) rallied to $88,800.

XRP 1-day chart. Source: Cointelegraph/TradingView

The altcoin is down 4.7% over the past seven days, putting a pause to the 11% rally seen on March 19, when the Ripple’s SEC “lawsuit ending” news made headlines. XRP trading volumes have also dropped from around $4 billion to $2.6 billion, i.e., a 35% dip over the past week.

XRP price peers over a steep cliff

In a recent X post, veteran trader Peter Brandt said the presence of a “textbook” head-and-shoulders pattern (H&S) could drop XRP price as low as $1.07.

XRP head-and-shoulders pattern by Peter Brandt. Source: X.com

According to Brandt, a price rally above $3 could invalidate the H&S pattern. However, a drop below $1.90 opens up the possibility of a 55% correction. Brandt said,

“Below $1.9, I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger.”

On the contrary, Javon Marks highlighted a positive breakout for XRP. The cryptocurrency trader indicated that XRP’s price and the relative strength index (RSI) have both traded above their falling wedge patterns.

XRP analysis by Javon Marks. Source: X.com

Historically, such a setup has proven to be a profitable turnaround for the altcoin, and Marks said,

“The last breakout resulted in a roughly +570% price increase and prices can be ready for another substantial surge.”

Related: Waiting for altcoin season? Data suggests it’s already here

XRP correction call could be premature

From a technical perspective, it’s a bit early to predict a retest of the $1.07 level based on XRP’s existing market structure. Although XRP has been in a downtrend since the start of 2025, the $1.90 level has only been tested three times since November 2024.

XRP 1-day chart. Source: Cointelegraph/TradingView

Since XRP traded above the $2 level, it has not experienced a daily close below the threshold, suggesting that investors may view this range as a potential buy-back zone.

Furthermore, spot market volumes have been the primary driver behind XRP’s recent rally, indicating sustained investor interest in the altcoin over the past few months.

Dom, an order flow markets analyst, noted that the next couple of weeks could be vital for XRP to establish a clear direction. The analyst mentioned that the current range does not capture his interest and said,

“We need to see clear breaks of the levels I have shown. Just be aware of the next week or two, as the price action will be telling.”

XRP order-flow analysis by Dom. Source: X.com

The important level for XRP to reclaim remains $2.50, which has been a critical support and resistance throughout the last four months of price action.

Related: Bitcoin price just ditched a 3-month downtrend as ‘key shift’ begins

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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