Bitcoin is trying to stay inside a range, indicating a balance between supply and demand.
Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.) faced intense selling pressure last week, but a positive sign is that lower levels near $61,000 witnessed solid buying by the bulls. This suggests that the sentiment remains positive, and traders are viewing the dips as a buying opportunity.
If buyers want to prevent the decline, they will have to push the price back above the 20-day EMA. The index could then attempt a rally to 5,265.The U.S. Dollar Index turned up from the 50-day SMA on April 9 and rose above the 105 overhead resistance on April 10, completing an ascending triangle pattern.The bulls have pushed the price to 106, where the bears are likely to pose a strong challenge.
On the other hand, if buyers keep the price above $3,056, it will suggest that the range-bound action remains intact. The bulls will gain strength on a break above the 20-day EMA. The pair could then attempt a rally to $3,679. Buyers will have to clear this overhead hurdle to start an up move toward $4,100.) has been consolidating inside a large range between $495 and $635 for the past few days, indicating indecision about the next directional move.
Meanwhile, the bulls are likely to have other plans. They will try to maintain the price above $0.46 and push the XRP/USDT pair above the moving averages. That could keep the price inside the range for a while longer.The price has reached the resistance line of the channel, where the bears are expected to mount a strong defense. If the price turns down from the resistance line, the TON/USDT pair could drop to the support line.
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