Bitcoin falls below $ 80,000 – PI, OKB, GT and Atom will they surpass BTC and Altcoins?

Last week, Bitcoin (BTC) began to show the first signs of decoupling of American stock markets. Bitcoin was relatively flat during the week, while the S&P 500 dived by 9%. The sale was triggered following the announcement of the global price of American president Donald Trump, who intensified on April 4 while China retaliated with new prices on American products. Even gold was not spared and dropped by 1.9% for the week.

The founder of Alpine Fox, Mike Alfred, underlined in a post on X that a Haussier d’Or market is optimistic for Bitcoin. During the previous cycles, LED Bitcoin gold for a short time, but ultimately, Bitcoin has caught up and grew up 10 times or more than gold. He added that it would not be different this time.

Although short -term outperformance of Bitcoin is an encouraging sign, traders should remain cautious until the greatest clarity emerges on the macroeconomic front. If the American stock markets witness another sales cycle, the cryptocurrency markets can also undergo pressure.

A handful of altcoins show force on the graphics, but waiting for the general feeling to get bullish before the jump could be a better strategy. If bitcoin breaks above its immediate resistance, what are the upper cryptocurrencies that can follow it higher?

Bitcoin price analysis

The Bitcoin Bulls failed to push the price above the resistance line, but they did not give in a lot of ground to the bears. This suggests that the Bulls have maintained the pressure.

The 20 -day exponential mobile average ($ 84,241) is flattened and the relative resistance index (RSI) is just below the median point, signaling a balance between supply and demand.

This advantage will bow in favor of bulls on a break and will be done above the resistance line. There is resistance at $ 89,000, but if the level is removed, the BTC / USDT pair could rise to $ 100,000.

The $ 80,000 is the vital support to be monitored when falling. If this level cracks, the pair could drop to $ 76,606, then to $ 73,777.

The pair consolidated between $ 81,000 and $ 88,500. The mobile averages on the 4 -hour graph are marginally and the RSI is just below the median point, signaling the continuation of the action linked to the beach in the short term.

If buyers push the price above $ 85,000, the pair could come together at $ 88,500. This level could attract sellers, but the pair can drop to $ 95,000 if the Bulls prevail.

The Bears will be back in the driver’s seat if the price breaks below the support area from $ 81,000 to $ 80,000. The pair can then increase to $ 76,606.

Analysis of PI network prices

PI Network (PI) has been in a high downward trend since he was at the top of $ 3 on February 26. The rescue gathering on April 5 shows the first signs of purchase at lower levels.

Any recovery should be faced with the 20 -day EMA sale (0.85), which remains the short -term key level to monitor. If the PI / USDT pair does not give up a lot of 20 -day EMA land, this indicates that the bulls keep their positions. This opens the doors of a rally over the 20-day EMA. The pair could then switch to Fibonacci’s retraction level at $ 1.10 and next to the trace level of 61.8% of $ 1.26.

The level of $ 0.40 is the critical support for the decline. A break and a closure below $ 0.40 could run the pair at $ 0.10.

The 4-hour graph shows that the bears defend the mobile average at 50 simple, but a minor positive is that the bulls are trying to keep the pair above the 20 EMA. If the price bounces from 20 EMA, the Bulls will try to kick the pair above $ 0.80. If they do this, the pair could travel at $ 1.20.

On the contrary, a breakup and a closure below the 20 EMA suggests that the Bears have maintained the pressure. The negative momentum could take up a break below $ 0.54. The pair can then retain vital support at $ 0.40.

Okb price analysis

OKB (OKB) turned out suddenly on April 4 and ended above the mobile averages, indicating that the Bulls are trying to return.

The UP movement continued and the Bulls pushed the price above the short-term resistance to $ 54 on April 6. The OKB / USDT pair could reach the resistance line of the descending channel, which is likely to attract sellers. If the price drops sharply and breaks down below $ 54, the pair can oscillate inside the channel for a few more days.

On the other hand, if buyers do not abandon much land on the resistance line, this increases the probability of a rupture above the channel. The pair could climb to $ 64 and then $ 68.

The pair will complete an inverted head and shoulder pattern on a break and will close above the neck. The UP movement can cope with the sale to the resistance line, but going down, if the buyers switch the neckline in support, it increases the possibility of a rupture above the resistance line. If this happens, the pair could start walking towards the model of $ 70 model.

The sellers will have to fiercely defend the neckline and quickly pull the price below the 20 EMA to prevent the rally. The pair can fall to the 50-SMA and thereafter at $ 45.

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Gatetoken price analysis

Gatetoken (GT) has found a 50 -day SMA support ($ 22.05) for a few days, which is an important level to monitor.

Flatted mobile averages and the RSI just below the median point do not give a clear advantage or to the Bulls or the Bears. A break and a closure above $ 23.18 could push the price at $ 24. This remains the main resistance of the general costs for the Bears to defend because a break above could catapult the GT / USDT pair at $ 26.

This positive point of view will be invalidated in the short term if the price breaks and maintains below the SMA of 50 days. The pair can flow at $ 21.28, then at $ 20.79.

The pair came from the resistance line of the descending channel model, indicating the sale on the gatherings. The rupture below mobile averages suggests that the pair can remain inside the canal for a while.

Buyers will gain the upper hand over a break and close above the resistance line. Such a decision suggests that the corrective phase can be completed. The pair could come together at $ 23.18 then at $ 24.

Cosmos price analysis

Cosmos (Atom) is trying to form a background, but faces the sale at $ 5.15. A positive minor in favor of the bulls is that they did not allow the price to break below the mobile averages.

If the price bounces for the average of means with force, it indicates to buy decreases. This improves the prospects for a break over the resistance of $ 5.15. If this happens, the Atom / USDT pair could reach $ 6.50, then $ 7.17.

Unlike a breakup and closure below mobile averages suggest possible short -term beach formation. The pair could swing between $ 5.15 and $ 4.15 for a while. Sellers will be back in control on a slide less than $ 4.15.

The Bulls and the Bears attend a difficult battle at 20 EMA on the 4 -hour table. If the price remains below 20 EMA, the pair could tumble at SMA 50 days and later at $ 4.15. Buyers should fiercely defend the level of $ 4.15.

Instead, if the price remains above the 20-day EMA, it signals a solid demand at lower levels. The Bulls will then try to push the pair at $ 5.15. A break and close above this resistance could start a new movement.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.