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Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins.

Bitcoin (BTC) has been sustaining above the $25,000 level for the past few days, increasing the likelihood that the bear market may have ended. Generally, in the initial stages of a new bull phase, several analysts remain in a state of disbelief and expect the resumption of the downtrend.

Another group of traders continue to wait for the dip to buy at lower levels but the price does not oblige. Finally, the traders sitting on the fence throw in the towel and buy and that is when the correction is likely to happen. Such a pullback shakes out the weak hands and transfers the asset into the hands of investors with conviction.

When a new trend is getting established, certain events tend to cause a knee-jerk reaction but it is unlikely that the trend is reversed. In Bitcoin’s case too, a drop to trap the aggressive bears is possible but there is a low possibility that the bear market will resume.

What are the important levels to watch out for on the upside and the downside in Bitcoin and altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.

Bitcoin price analysis

After a two-day consolidation, Bitcoin has risen above the $28,500 overhead resistance on March 22. This suggests that the bulls have asserted their dominance.

The upsloping 20-day exponential moving average ($25,180) and the relative strength index (RSI) in the overbought zone indicate the path of least resistance is to the upside. A break above $28,500 will clear the path for a possible rally to the $30,000 to $32,500 resistance zone.

In case of a correction, the first support to watch on the downside is $25,250. If the price rebounds off this level, it will suggest that the neckline of the head and shoulders (H&S) pattern has flipped into support.

The problem will arise if the $25,250 level cracks because that may trigger the stops of several bulls. The BTC/USDT pair could then nosedive to the 200-day simple moving average ($20,020).

Ether price analysis

Ether’s (ETH) bounce off $1,717 suggests that the bulls are purchasing the minor dips and not waiting for a deeper correction to buy. However, buyers failed to overcome the obstacle at $1,842, indicating that bears are protecting this level with all their might.

Usually, a tight consolidation near a local top suggests that the bulls are not closing their positions in a hurry as they anticipate another leg higher. The rising 20-day EMA ($1,679) and the RSI in the positive territory indicate that bulls have a slight edge.

If buyers thrust the price above $1,842, the ETH/USDT pair may jump to $2,000 and later attempt a rally to $2,200. This bullish view will invalidate in the near term if the price turns down and plunges below the 20-day EMA. The pair may then fall to $1,600.

BNB price analysis

The failure of the bulls to push BNB (BNB) above $346 in the past few days shows that the bears are fiercely guarding the level. That may have resulted in profit-booking by the short-term bulls, which has pulled the price toward the 20-day EMA ($314).

If the price rebounds off the 20-day EMA, it will suggest that the sentiment has turned positive and traders are viewing the dips as a buying opportunity. The bulls will then make one more attempt to clear the hurdle at $346. If they succeed, the BNB/USDT pair could soar toward $400.

On the other hand, if the price plummets below the 20-day EMA, it will suggest the start of a deeper correction toward the 200-day SMA ($288). The pair may then oscillate between $280 and $346 for a few days.

XRP price analysis

XRP (XRP) skyrocketed above the 200-day SMA ($0.40) and the stiff overhead resistance of $0.43 on March 21, indicating a buying stampede.

After the sharp rally, traders seem to be booking profits near $0.50. That has resulted in a pullback to the breakout level of $0.43. If bulls flip this level into support, the XRP/USDT pair may again try to rise above $0.50. If that happens, the pair could soar to $0.56. A break and close above this level will indicate the start of a potential new uptrend.

Conversely, if the price continues lower and breaks below the $0.43 support, it will suggest that traders are rushing to the exit. That could trap the aggressive bulls and sink the pair to the 200-day SMA.

Cardano price analysis

Cardano (ADA) surged above the moving averages on March 21, indicating that lower levels are attracting buyers.

However, the bears have not yet given up and are trying to halt the recovery at $0.39 as seen from the long wick on the March 21 and 22 candlesticks. The onus is on the bulls to flip the moving averages into support. If they manage to do that, the ADA/USDT pair could rally to the neckline of the developing H&S pattern.

Contrarily, if the price turns down and slips below the moving averages, it will indicate that higher levels continue to attract sellers. The pair could then descend to $0.30.

Dogecoin price analysis

Dogecoin (DOGE) has been trading between $0.07 and the 200-day SMA ($0.08) for the past few days. This suggests indecision among the bulls and the bears about the next directional move.

The flattish moving averages and the RSI near the midpoint suggest that the range-bound action may continue for some more time. The first sign of strength will be a break and close above the 200-day SMA. That could open the doors for a possible rise to $0.09 and later to $0.10.

If bears want to gain the upper hand, they will have to sink the price below the support at $0.07. The DOGE/USDT pair may then slump to $0.06 and subsequently to the crucial support at $0.05.

Polygon price analysis

Polygon (MATIC) has been swinging above and below the 20-day EMA ($1.15) for the past few days, indicating a lack of direction. The bulls are buying on dips while the bears are selling the rallies.

The flat 20-day EMA ($1.15) and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears. This suggests that the MATIC/USDT pair may consolidate between $1.05 and $1.30 for a while.

The longer the price consolidates in the range, the stronger will be the eventual breakout from it. If bulls force the price above $1.30, the pair may accelerate to $1.57 and thereafter to $1.75. Alternatively, if the price breaks below the 200-day SMA ($0.96), it will suggest that bears are back in command. The pair could then tumble to $0.69.

Related: Why is Cardano price up today?

Solana price analysis

Buyers tried to push Solana (SOL) above the downtrend line on March 20 but the bears held their ground. A minor positive in favor of the bulls is that they did not allow the price to dip below the 20-day EMA ($21.18).

The RSI is in positive territory, indicating a slight advantage to buyers. If bulls thrust the price above the downtrend line, it will signal a potential trend change. The SOL/USDT pair could first rise to $27.12 where the bears may again mount a strong defense. If buyers overcome this hurdle, the pair could pick up momentum and rally to $39.

Contrarily, if the price turns down from the current level and breaks below the 20-day EMA, it will suggest that bears are trying to gain the upper hand. The pair may then slide to $15.28.

Polkadot price analysis

Polkadot (DOT) bounced off the 200-day SMA ($6) on March 21, indicating that the bulls are trying to flip the level into support.

The flattish 20-day EMA ($6.18) and the RSI near the midpoint signal a balance between supply and demand. This balance will tilt in favor of the buyers if they propel the price above the 61.8% Fibonacci retracement level of $6.85. The DOT/USDT pair could then climb toward the neckline of the developing H&S pattern.

The bears are likely to have other plans. They will try to protect the overhead resistance and sink the price below the 200-day SMA. If they do that, the pair may again slump to $5.15.

Shiba Inu price analysis

Shiba Inu (SHIB) is getting squeezed between the downtrend line of the descending channel pattern and the psychological support at $0.000010.

This tight range trading is unlikely to continue for long and a breakout looks imminent. The price has been clinging to the downtrend line, which suggests that the SHIB/USDT pair is likely to climb above the channel. There is a minor resistance at $0.000012 but if this level is crossed, the pair may rise toward $0.000016.

This positive view will be negated in the near term if the price turns down and plunges below the $0.000010 support. That could pull the pair down to $0.000008.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin has risen above $25,000 and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.

After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of the banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled with the equities markets and has risen to its highest level since Jan. 12.

Galaxy Digital founder and CEO Michael Novogratz said in an interview with CNBC that the US and the globe will face a credit crunch as banks lend less to rebuild capital. He said investors should be long on Bitcoin and crypto because these are the times for which it was created.

Quantitative tightening seems to be giving way to a period of quantitative easing. The banks have already borrowed $150 billion from the Federal Reserve, which is more than the amount borrowed during the 2008 financial crisis.

Analysts pointed out that the Fed has added $300 billion to its balance sheet in a week, second only to the $500 billion pumped after the March 2020 crash. The QE in 2020 triggered a rally in Bitcoin that took it from about $4,000 to $69,000.

Will history repeat itself? Could Bitcoin and altcoins sustain the higher levels? Let’s study the charts of the top-10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin bulls purchased the dip to $24,000 on March 15 and pushed the price above the strong overhead resistance of $25,250 on March 17. This completes an inverse head and shoulders (H&S) pattern.

There is no major resistance between the current level and $32,000, hence the bulls may find it easy to cover this distance in a short time. The bears may mount a strong defense at $32,000 but if bulls overcome it, the BTC/USDT pair could extend its uptrend to the pattern target of $35,024.

The rising 20-day exponential moving average ($23,298) and the relative strength index (RSI) near the overbought zone indicate that bulls are in command.

If bears want to regain control, they will have to quickly reverse direction and sink the pair below the moving averages. Until then, the bulls are likely to view the dips as a buying opportunity.

Ether price analysis

Ether (ETH) rebounded off the moving averages on March 16, indicating that traders are buying on dips.

The bulls will try to push and sustain the price above the $1,743 to $1,780 resistance zone. If they succeed, the ETH/USDT pair could accelerate toward the psychologically important level of $2,000. This is the final hurdle above which the pair will signal the start of a potential uptrend.

The bears are likely to have other plans. They will try to halt the up-move in the overhead zone and pull the pair back below the moving averages. That could trap the aggressive bulls and the pair may then collapse to $1,461.

BNB price analysis

The long tail on BNB’s (BNB) March 15 candlestick shows that the bulls are buying the dips to the 20-day EMA ($302). This signals a change in sentiment from selling on rallies to buying on dips.

The relief rally picked up momentum on March 17 and skyrocketed above the overhead resistance at $318.

Buyers are trying to strengthen their position further by kicking the price above $338. If they do that, the negative H&S pattern will be invalidated. The BNB/USDT pair could first rally to $360 and later to $400.

On the downside, a break below the 20-day EMA will indicate that bears are back in the driver’s seat.

XRP price analysis

XRP (XRP) has been consolidating inside the tight range between the 50-day simple moving average ($0.38) and the support at $0.36.

Generally, a tight-range trading is followed by an increase in volatility. The bulls will try to catapult the price above the 50-day SMA. If they can pull it off, it will signal the start of a stronger recovery to $0.42. This level may again act as a formidable resistance but if crossed, the rally could reach $0.51.

This positive view will be invalidated in the near term if the price turns down and plummets below $0.36. The pair could then slump to the strong support zone between $0.32 and $0.30.

Cardano price analysis

Cardano (ADA) is stuck between the 50-day SMA ($0.36) and the strong support at $0.29. The bulls are trying to push the price above the 20-day EMA ($0.34).

If they manage to do that, the ADA/USDT pair could climb to the 50-day SMA. This level may attract sellers who will try to stall the recovery. If the price turns down sharply from this level, the range-bound action may continue for some more time.

Alternatively, if bulls drive the price above the 50-day SMA, the pair could rally to the neckline of the inverse H&S pattern. This is an important level to keep an eye on because a break and close above it may signal the start of a new uptrend.

Dogecoin price analysis

Dogecoin (DOGE) rebounded off the $0.07 level and has reached the downtrend line. This suggests that bulls are buying on minor dips.

A break and close above the downtrend line will be the first sign that the correction may be over. The 50-day SMA ($0.08) may act as a resistance but it is likely to be broken. The DOGE/USDT pair could then start its rally to $0.09 and thereafter to $0.10.

Sellers are expected to defend the $0.10 to $0.11 zone with all their might because a break above it will open the doors for a possible rally to $0.16. On the downside, a slide below the $0.07 support will tilt the advantage back in favor of the bears.

Polygon price analysis

Polygon (MATIC) turned up from $1.07 on March 15, indicating that the bulls are trying to flip the $1.05 level into support.

The 20-day EMA ($1.16) is flattening out and the RSI is near the midpoint, suggesting a balance between supply and demand. If bulls propel the price above the 50-day SMA ($1.22), the MATIC/USDT pair could pick up momentum and rally to $1.30. This level may act as a minor hurdle but it is likely to be crossed. The next stop may be $1.42.

On the other hand, if the price turns down sharply from the 50-day SMA, it will suggest that bears continue to sell on rallies. The pair may then oscillate between the 50-day SMA and $1.05 for a while longer.

Related: Betting on turmoil: Deribit launches Bitcoin volatility futures

Solana price analysis

Solana (SOL) rebounded off $18.70 on March 16, which shows that the bulls are not waiting for a deeper decline to buy.

The relief rally has reached the moving averages, which are likely to offer a strong resistance. If the price turns down and breaks below $18.70, it will suggest that the SOL/USDT pair may remain range-bound between the 50-day SMA ($22.21) and $15.28 for some time.

The pair will indicate a potential trend change after the bulls thrust the price above the downtrend line. That could start a rally to $27.12.

Polkadot price analysis

Polkadot (DOT) plunged below the 20-day EMA ($6.09) on March 15 but the bears could not maintain the lower levels. Buyers purchased the dip and pushed the price back above the 20-day EMA on March 16.

The bulls are trying to build upon their advantage by pushing the price above the overhead resistance at the 50-day SMA ($6.41). If this level is scaled, the DOT/USDT pair could rise to the 61.8% Fibonacci retracement level of $6.85.

This level should again act as a strong resistance, but if bulls flip the moving averages into support during the next pullback, it will suggest that bulls are buying on dips. That will increase the possibility of the pair forming an inverse H&S pattern.

Contrarily, if the price once again turns down from the 50-day SMA and breaks below the 20-day EMA, it will indicate a few days of range-bound action.

Shiba Inu price analysis

Shiba Inu (SHIB) rebounded off the $0.000010 support on March 16, indicating that the bulls are trying to start a reversal.

The recovery is facing resistance in the zone between the 20-day EMA ($0.000011) and the downtrend line of the descending channel. The bears will again attempt to sink the price below the $0.000010 support. If they succeed, the SHIB/USDT pair may slip to the support line of the channel.

Contrarily, if bulls thrust the price above the channel, it will suggest that the corrective phase may be over. The 50-day SMA ($0.000012) may also offer stiff resistance but if this level is cleared, the SHIB/USDT pair could climb to $0.000014 and then to $0.000016.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.