Bitcoin surged 4.25% last week, closing above $86,000, with bulls extending the rally past $88,700 on March 24. According to 10x Research founder Markus Thielen, reversal indicators have turned positive, signaling a potential uptrend. Buyers are returning, as shown by SoSoValue data, which reports US Spot Bitcoin ETFs netted $744.4 million in inflows last week after five consecutive weeks of outflows. However, Ether ETFs didn’t see the same demand, marking their fourth straight week of net outflows.

Analysts remain divided on Bitcoin’s next move—some expect heavy resistance at $90,000, which could trigger a pullback toward $80,000. On the other hand, BitMEX co-founder Arthur Hayes predicts a rally to $110,000 before Bitcoin drops to $76,500.

Bitcoin broke above the 20-day EMA ($85,572) on March 23, suggesting the start of a strong recovery. The 20-day EMA is flattening out, and the RSI has risen into positive territory, signaling a minor advantage to the bulls. The relief rally is expected to face stiff resistance at the 50-day SMA ($90,290).

If the price turns down from the 50-day SMA but finds support at the 20-day EMA, it will indicate a positive sentiment. That increases the possibility of a rally to $95,000 and then to $100,000. Conversely, if the price turns down from the 50-day SMA and breaks below the 20-day EMA, it will suggest that the bears remain active at higher levels. A drop below $83,000 could sink the BTC/USDT pair to $80,000. Ether bulls are again attempting to drive the price above the 20-day EMA ($2,057) and the breakdown level of $2,111. If they manage to do that, it will signal that the markets have rejected the breakdown below $2,111.

The ETH/USDT pair could rally to the 50-day SMA ($2,356) and subsequently to $2,550. Time is running out of the bears. If they want to retain the advantage, they will have to defend the $2,111 level and swiftly pull the price below $1,750. That may resume the downtrend toward the next support at $1,550.

Lastly please check out the advancement’s happening in the cryptocurrency world

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