Over the last seven weeks, Bitcoin has maintained a downtrend since its $109,000 peak in late January. In this article, we'll explore key support and resistance levels for Bitcoin, alongside price analyses for Ripple, Pi Network, and Solana.
Bitcoin (BTC) Price Analysis
BTC price closed below the 200-day moving average on March 9, indicating seller strength. This pushed the price to $76,600 on March 11. However, buyers defended the lower channel and pushed the price to $82,500, where it faces 200-day MA resistance.
Ripple (XRP) Price Analysis
Since its peak in November 2024, the XRP/USDT chart shows a descending triangle, with prices below the 20-day MA. Bears have the edge, and if the $2 support breaks, prices could fall to $1.62.
Pi Network (PI) Price Analysis
The PI/USDT pair shows strength following the token's launch. A symmetric triangle formed in the chart, with buyers breaking above the upper trendline, indicating bullish momentum. Buyers need to act swiftly to push the price towards $2.
While Bitcoin's short-term direction remains uncertain, the long-term outlook is promising. Investors should watch for key resistance and support levels to gauge potential movements.
