On March 20th, Credit Suisse, a Swiss bank with poor returns, boosted European stocks, but not everyone was happy with the transfer. According to Germany's Swiss Financial system Supervisory Authority, the value of extra tier one (AT1) bonds would be written down to zero, which would obliterate the use of $17 billion worth of project investments by AT1 bond investors.
Amid the global banking turmoil, BTC is so colorful that traders seem to have shifted their focus to traditional banking alternatives. Another good thing for Bitcoin is that it has been linked to US stocks as an unrelated asset class.
The strong rebound of Bitcoin over the past few months has boosted traders' mood. The data encryption anxiety and greed index soared to greedy areas with a score of 66 prime 100. The latter trigger for the sales market was undoubtedly the confirmation of an interest rate hike at the Federal Reserve meeting on March 22nd.
Will Bitcoin reach US $30,000 and boost alternative coins, or is it possible to adjust in a short period of time? Let's study the data and charts to find the answer.
The S index rebounded from 3808 points on March 13 to above the 200-day moving average (3935 points) on March 16, but both heads could not raise the 20-day index moving average (3962 points).
One sign of initiative is that the duo bought stocks that fell below the 200-day moving average and retried to get rid of the 20-day moving average. If they pass, the index could rebound to 4100 and then to 4200.
There are likely to be other options for empty bills. He will try to block the recovery of the 20-day moving average and pull the price to the middle support zone of 3800 to 3764. If this area abdicates, sales are likely to increase, and the index may plummet to 3600 points.
In the past few days, the U. S. stock index (DXY) has been trading around the 20-day moving average, indicating that both bulls and bears are hesitant.
If the short order keeps the price below 103.44, the index may slide into the next support line of 102.50. The customer will try to defend this level, and if his diligence does not succeed, the index could fall to 100.82 important support line.
Or, if the price of gold picks up and rises by 105.10, it will clear the way for a rebound to the 200-day moving average. The duo may suffer strong orders in the area of friction resistance between the 200-day daily moving average and the 61.8% Fibonacci backstop 108.43.
BTC has been rising above $25250 since March 17, a sign of initiative. After the one-day adjustment on March 18, the price moved northward again on March 19, indicating that Shuangtou was in no mood to make a profit.
The rising 20-day moving average ($24463) and the relative strength Index (RSI) are close to the overbought area, indicating that the duo is still under manipulation. The next key pressure is in the $30000-32500 range.
If the price goes down from the current level or head pressure level, the important level to pay attention to is $25250. If the price of gold rebounds strongly from this level, it will show that Shuangtou has turned $25250 into a support line. From then on, this level will also be regarded as a low limit during the downfall period.
On March 18 and 19, customers pushed Ether (ETH) above the pressure level of $1800, but failed to maintain a higher level. This suggests that short orders are trying to delay the economic recovery.
One of the primary and secondary subjective factors that are beneficial to the duo is that they do not allow gold to fall back below the support zone of $1743 to $1680. The rising 20-day moving average ($1654) and RSI above 61 indicate that the route with the least friction is rising.
If the customer promotes and maintains the price above $1850, the ETH/USDT pair is likely to gradually move towards $2000 and then rise to $2200.
If the price of gold turns down and falls below the 20-day moving average, such positive views will be invalid for a short time. This may lead to a desperate situation for aggressive double heads, resulting in long-term forced liquidations. Subsequently, the foreign exchange currency is likely to plummet to $1461.
BNB (BNB) produced the intra-day candlestick mode on March 19 and 20, indicating that bulls and bears are hesitant.
The empty single has a strong defense force above $340, but the duo has not given up too many camps. The downward sloping 20-day moving average ($311) and the RSI around the overbought area add a slight advantage to the duo. If the customer kicks the price above $350, the BNB/USDT pair is likely to rebound to $400.
Conversely, if the price of gold falls below $325, the foreign exchange currency is likely to fall to $318. A strong rebound from this level will show that double heads have turned that level into a support line, and a fall below $318 is likely to cause these currencies to fall to their 200-day average ($288).
XRP (XRP) touches the 200-day SMA ($0.40) on March 19, but for the long light in the candlestick, the two ends can't break the barrier.
XRP/USDT continues to wobble between the 200-day moving average and the level support line at $0.36. The mediocre 20-day moving average and the RSI around the midpoint of the exchange rate do not give double heads or short orders a big advantage. This means that segment trading is likely to continue for some time.
The big news is that raising and closing above the 200-day moving average will mean that the duo has already run over the short order. The foreign exchange currency is likely to soar to $0.43 first and then to $0.51. If the price of gold falls and falls below $0.36, the good news will be denied. The pair may then fall to the channel support.
Short orders are defending Cardano's ADA (ADA)'s 200-day moving average ($0.36), while double heads have bought a decline in their 20-day moving average ($0.34).
Such narrow sections may not last for a long time. If the customer pushes the price above the 200-day daily moving average, the ADA/USDT pair is likely to try to bounce back to the developing head-shoulder resistance level. It is expected that the short order will actively defend the resistance level, as rising and closing above this line will mean an implicit shift in the trend.
Conversely, if the price of gold remains below the 20-day average, the foreign exchange currency is likely to fall to the swap support line around $0.31 and $0.30.
In the past few days, Polygon's Ma Jiqi (Ma Jiqi) has been trading around the 20-day moving average. The daily average on the 20th has leveled off, with RSI slightly lower than the midpoint of the exchange rate, indicating a balance between supply and demand.
The pressure level of $1.30 is also a key level to pay attention to. If customers remove this barrier, the Marjic / dollar is likely to soar to $1.57. This barrier is likely to carry an uphill battle between bulls and bears. If the duo prevails, the foreign exchange currency is likely to expand and rise to $1.75.
The important level of decline is 200d SMA (US $0.96). If the price falls below this level and remains below this level, it will show that the empty bill has already seized control. Subsequently, the foreign exchange currency could plummet to $0.69.
On March 17th, Dogecoin (Doge) rose above the 20-day moving average ($.07), but the duo could not push the price above the 200-day average ($0.08). This shows that empty orders are unwilling to give up their strengths.
About the 20-day average and the RSI around the exchange rate midpoint indicate that there will be some ups and downs in the near future. The boundaries are likely to be an upward 200-day moving average and a decline of $0.07.
If the duo kicks the price above the 200-day daily moving average, it will show that the lower level has been rejected. The Doge/USDT foreign exchange currency is likely to rebound to US $0.09 and then rise to US $0.10. Or, falling below $0.07 could clear the way with a retest of $0.06.
Solana's SOL (SOL) fell from its 200-day average ($22.70) on March 18, but rebounded from its 20-day average ($20.98) on March 19. This shows that there is a stable requirement at the medium level.
Customers push the price above 200-day SMA, and the SOL/USDT pair has reached the downward trend line. If the double head promotes and keeps the price above the downward trend line, it will indicate an implicit shift in the development trend. There is a small friction resistance at $27.12, but it is likely to be raised. Subsequently, the foreign exchange currency is likely to try to bounce back to $39.
The first support point for the decline is the 20-day moving average, followed by $18.70. Then these two levels are difficult to maintain, and the foreign exchange currency may retest the important support line of US $15.28.
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