) has started the week positively and is trying to maintain above the $70,000 level. Analysts are hopeful of a reversal this week followingGoldman Sachs said its clients are showing a strong appetite for the firm’s future and options offerings. Max Minton, head of digital assets for Goldman Asia Pacific, said the firm’sThe demand for spot Bitcoin ETFs is likely to remain strong barring a sharp fall in Bitcoin.
On the contrary, if buyers drive the price above 105, it could start a trending move toward 107. There is a minor resistance at 106, but it is likely to be crossed.If the bulls maintain the price above $69,000, the BTC/USDT pair is likely to surge to the overhead resistance at $73,777. This level may act as a significant roadblock, but if the bulls prevail, the pair could rally to $80,000.
If bears want to prevent the up move, they will have to tug the price below the 20-day EMA . If they do that, the pair may drop to the 50% Fibonacci retracement level of $500.) rebounded off the 20-day EMA on March 24, indicating that the sentiment remains positive and traders are buying on dips.The bulls will try to push the SOL/USDT pair to the formidable resistance at $205.
On the downside, a drop below the uptrend will put the bears in the driver’s seat. The pair could then collapse to $0.52.The 20-day EMA is sloping up, and the RSI is in the positive territory, indicating that the bulls have the upper hand. If buyers do not give up much ground from the current level, the likelihood of a rally above $0.19 increases. The DOGE/USDT pair may jump to $0.23 and subsequently to $0.30.