Render

Cryptocurrency

Aptos

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-price-analysis-key-levels-to-watch/" data-wpel-link="internal">Bitcoin and Altcoins Price Analysis: Key Levels to Watch</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bloomberg-analisti-bu-ethereum-rakibini-isaret-etti-bitcoinde-bu-seviyeleri-bekliyor" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/42-milyon-dolarlik-bitcoin-odenmezse-trumpin-sirlari-ortaya-cikabilir" data-wpel-link="internal">BTC</a>)</strong> reached an all-time high of $73,777 last week but then rapidly lost its gains, dropping to $64,500. <a href="https://en.coin-turk.com/explosive-rally-in-btc/" data-wpel-link="internal">Bitcoin</a> is on track to close the week with a roughly 1% decrease from the previous week’s close. Here’s the price analysis for Bitcoin (<a href="https://en.coin-turk.com/us-inflation-report-impacts-decoding-its-potential-effect-on-bitcoin-and-altcoins/" data-wpel-link="internal">BTC</a>) and two popular altcoins!</p> 
<h2 id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> made a sharp correction from $73,777 on March 14 and fell below the rising channel pattern’s support line on March 16. Bulls are trying to halt the decline at the 20-day exponential moving average. However, they may face resistance at the channel’s breakdown level. A sharp decline from the current level could increase the risk of a drop. If the 20-day EMA is breached, the <strong>BTC/<a href="https://coin-turk.com/en-buyuk-stablecoin-ihraccisi-tether-tartismalar-sona-erdirebilecek-hamle-yuzde-100-uzerine-cikti" data-wpel-link="internal">USDT</a></strong> pair could fall to $59,000 and then to the 50-day simple moving average.</p> 
<p style="text-align: justify">If bulls want to prevent a downward move, they may need to push the price back into the channel. This could indicate solid buying at lower levels. A breakout and close above $73,777 would indicate the uptrend has resumed. The pair could then rise to $80,000. <strong><a href="https://en.coin-turk.com/crypto-markets-bounce-back-july-opens-with-a-positive-outlook/" data-wpel-link="internal">Cryptocurrency</a></strong> moving averages have completed a bearish crossover, but the relative strength index (RSI) shows a sharp rise, indicating selling pressure may be decreasing. A sharp fall from the 20-EMA could indicate bears are selling on rallies. The pair could slide towards the strong support at $64,500. If this level is breached, the pair could fall to $59,000. The first sign of strength would be a breakout and close above the channel’s support line. The pair could then climb to $70,650 and later to $72,420.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-329432 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/rndr.webp" alt="" width="1315" height="798"></p> 
<h2 id="aptos-apt">Aptos (APT)</h2> 
<p style="text-align: justify"><strong>Aptos (APT)</strong> experienced a sharp decline from $15.70 on March 16 but bears could not pull the price below the 20-day EMA, which could indicate buying at lower levels. The rising 20-day EMA and the RSI in the positive zone could suggest that bulls have the upper hand. If buyers keep the price above $15.70, the <strong>APT/USDT</strong> pair could signal the start of the next leg of the uptrend. The pair could rise to $16.75 and then to $18.69. Experts suggest that if the price falls and retreats below the 20-day EMA, it could mean that all relief rallies are being sold. This could signal the start of a correction phase that could reach the 50-day SMA. The moving averages on the 4-hour chart have flattened and the RSI is just above the midpoint, signaling a potential short-term range-bound action. The pair could trade between $15.81 and $12 for a while. A close above the range could indicate that bulls have exhausted the supply, potentially starting the next leg of the upward move. Conversely, if the price falls and retreats below $12.92, the pair could start a correction towards $12 and then to $11.50.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-329433 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/aptos.webp" alt="" width="1315" height="798"></p> 
<h2 id="render-rndr">Render (RNDR)</h2> 
<p style="text-align: justify"><strong>Render (RNDR)</strong> corrected to the 20-day EMA, but bulls successfully defended the support. This suggests that sentiment remains positive and investors are buying on dips. Bulls pushed the price above the resistance of $12.78 on March 17, potentially signaling the start of the next leg of the uptrend. If buyers maintain the price above $12.78, the <strong>RNDR/USDT</strong> pair could jump to $16.81. The first sign of weakness would be a drop below the solid support at $12. A break and close below the 20-day EMA could accelerate sales and drop the pair to the 50-day SMA.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-329434 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/rndr-1.webp" alt="" width="1315" height="798"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-altcoins-price-analysis-key-levels-to-watch/" data-wpel-link="internal">Bitcoin and Altcoins Price Analysis: Key Levels to Watch</a></h5>

Bitcoin and Altcoins Price Analysis: Key Levels to Watch

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