Over the last seven weeks, Bitcoin has moved in a downtrend after its $109,000 peak in late January, though long-term prospects remain promising for investors. We analyze crucial support and resistance levels.
Bitcoin Price Analysis
BTC price closed below the 200-day moving average on March 9, indicating seller strength. The price dropped to $76,600 on March 11, then recovered to $82,500. Buyers might push the price toward the 20-day MA at $87,735 if the $76,000 support zone holds.
Ripple XRP Price Analysis
XRP is in a descending triangle, continuing to slump below the 20-day moving average. If the strong support level at $2 doesn't hold, the price could fall to $1.62. However, an upward movement to $2.35 is possible, which would be a key resistance level.
Pi Network and Solana Price Analysis
The PI/USDT pair shows strength following the recent token launch, with the price breaking through the upper trendline of a symmetrical triangle, indicating bullish momentum. As for Solana, its price is in a downtrend, but the support zone at $110-120 is preventing further decline.
Long-term prospects for Bitcoin, XRP, Pi Network, and Solana remain uncertain, but current dynamics suggest potential positive changes ahead. Monitoring key support and resistance levels is essential for investors.
