Bitcoin

Ethereum

Theta Network

FLOKI

<p><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> enthusiasts remain bullish, breaking through the $70,000 barrier on March 11, indicating sustained interest from traders. Bitwise’s Chief Investment Officer, Matt Hougan, shared with investors that despite the anticipation for Bitcoin exchange-traded funds (ETFs), demand remains strong.</p><p>This bullishness is mirrored in the uptake of Bitcoin ETFs, as Dune Analytics data reveals that spot Bitcoin ETFs now hold 4.06% of the total Bitcoin supply. Should the current purchase pace persist, these ETF holdings are forecasted to double to 8.65% of the supply within a year. Michael Saylor, the founder and chairman of MicroStrategy, announced via a X post that his company has added 12,000 Bitcoin to its treasury at an average cost of $68,477 each, financed by a recent $800 million convertible note offering. With this addition, MicroStrategy’s Bitcoin portfolio has grown to 205,000 Bitcoin, purchased at an average of $33,706 each.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/88d408d7fd824a6592153fb04fd33983.png" /></p><p>The inflow trends of Bitcoin ETFs merit close attention from traders, as a significant decline could dampen market sentiment and potentially trigger a price correction. We will dive into the charts to spotlight key support levels for Bitcoin and other cryptocurrencies.</p><h2 id="header-0">Bitcoin (BTC) Price Analysis</h2><p>Bitcoin experienced challenges in surpassing the $70,000 mark over the weekend but successfully exceeded this threshold on March 11, demonstrating robust demand from buyers. As a result, BTC price touched a peak of $72K. As of writing, BTC price trades at $71,788, surging over 0.8% from yesterday’s rate.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e1e53b86531d4b86b5058f1251049185.png" /></p><p>The upward trend of moving averages and the RSI positioned in the overbought territory indicate that the momentum is with the buyers. The BTC/USDT pair has the potential to climb to $75,000 and possibly extend to $80,000. This range is expected to present significant resistance.</p><p>Predicting a peak in an asset that enjoys strong momentum is challenging. The initial indication of a loss in strength will be a fall below the 20-day EMA, which would suggest that buyers are taking profits and could lead to a more substantial correction.</p><h2 id="header-1">Ethereum (ETH) Price Analysis</h2><p>The bears attempted to drive <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ether</a> down to the breakout point of $3,600, but the pronounced long tail on the March 11 candlestick indicates strong buying interest at lower prices.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/fb963b021b4d4ebf8e00a0a259d051ae.png" /></p><p>The surge past the key $4,000 level has set the stage for a potential rally to $4,500, which could pose a slight challenge. However, overcoming this resistance could send the ETH/USDT pair towards $4,900.</p><p>The recent sharp rise has elevated the RSI into the overbought zone, suggesting a need for caution. To reverse the bullish trend, sellers need to pull the price beneath the 20-day EMA, potentially triggering a corrective phase for the pair.</p><h2 id="header-2">Theta Network (THETA) Price Analysis</h2><p>THETA price has shown a robust uptrend for the past few days, gaining additional momentum once the price exceeded $3. Currently, the Theta price is trading at $3.4, declining over 5.7% from yesterday’s rate.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d40bed5b5f764cb097c6b922370abbd0.png" /></p><p>It appears the THETA/USDT pair could aim for $4.4 in the short-term, where it might face significant resistance. Should the bulls manage to maintain their position near this level, the uptrend could persist, potentially taking the pair up to $6.</p><p>Critical support levels are identified at $2.6 and the 20-day EMA. A pullback below the 20-day EMA would suggest a short-term cessation of the uptrend.</p><h2 id="header-3">FLOKI Price Analysis</h2><p>Bears are attempting to initiate a correction in Floki price, yet the bulls are firmly resisting, evidenced by the minimal pullback indicating a scarcity of sellers. However, sellers successfully defended a surge above the $0.0003 mark. Currently, the Floki price trades at $0.00027, declining over 2.7% from yesterday’s rate.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/2668c1bc28194568bdd0b111267f51cf.png" /></p><p>In this scenario, buyers are likely to seize the opportunity to solidify their position by driving the price above $0.0003. Achieving this could signal the continuation of the uptrend for the FLOKI/USDT pair, potentially sending it to $0.00045.</p><p>To counteract the bullish momentum, bears need to decisively pull the price below the critical level of $0.00012. Such a move could trigger increased selling, paving the way for a descent to the 50-day SMA at $0.000085.</p><h2 id="header-4">XRP Price Analysis</h2><p>The bears continuous inability to keep XRP below the 20-day EMA ($0.60) likely encouraged buying activity on March 11. As a result, the price tapped the $0.75 mark; however, bears defended that level strongly.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/37f829ad2bfe43ceaae9a7a9fee018eb.png" /></p><p>With the price moving past the near-term resistance at $0.7, there’s clear evidence of aggressive buying at lower prices. The bulls are expected to keep up the pressure and attempt to breach the significant resistance at $0.75. Overcoming this barrier would signal the beginning of a new uptrend, potentially sending the XRP/USDT pair to $0.85 and then possibly to $0.94.</p><p>Should the price retreat from $0.74, however, it would imply that bears are still exerting pressure at higher levels, possibly driving the pair back down to the robust support level at $0.6.</p>

Crypto Market Price Analysis Today: Bitcoin (BTC), Ethereum (ETH), Theta Network (THETA), FLOKI, XRP

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