By Chris Hollingworth 
Bitcoin has made a notable comeback above the 200-day simple moving average ($83,754), signaling a potential resurgence by the bulls. The failure of the bears to capitalize on the dip below the 200-day SMA suggests a lack of selling pressure at lower levels. Despite this positive development, Bitcoin’s future remains uncertain.
Crypto analyst Matthew Hyland emphasized the importance of a weekly close above $89,000 for Bitcoin to confirm a bottom. A breach above this level could trigger the liquidation of approximately $1.60 billion in short positions, according to CoinGlass data. However, failure to surpass $89,000 may lead to a decline in Bitcoin’s price to the $74,000 to $69,000 range.
Market data indicates a challenging road ahead for buyers. Despite a significant inflow of $13.3 million into US spot Bitcoin exchange-traded funds (ETFs) on March 12, these funds experienced outflows of $135.2 million on March 13, reflecting investor nervousness amid tariff concerns and actions by US President Donald Trump.
Analyzing the potential for Bitcoin to reach $100,000 and boost select altcoins, let’s examine the charts of the top 10 cryptocurrencies.
### Bitcoin Price Analysis
Bitcoin bulls are striving to initiate a recovery, facing substantial resistance between the 200-day SMA and the 20-day exponential moving average ($86,717). A breakthrough above the 20-day EMA could indicate a bear trap following the drop below the 200-day SMA. The BTC/USDT pair might then target the 50-day SMA ($93,876) and the psychological barrier of $100,000. Conversely, a rejection at the overhead resistance could signal bearish control, potentially leading to a drop to critical support at $73,777.
### Ether Price Analysis
Ether (ETH) has been locked in a tight range between $1,963 and $1,754, reflecting a fierce battle between buyers and sellers. The RSI indicator hints at a potential positive divergence. A move above $1,963 could propel the ETH/USDT pair towards the $2,111 level, attracting selling pressure. However, sustained bullish momentum could drive Ether to the 50-day SMA ($2,597). Conversely, a breakdown below $1,754 may reignite the downtrend, with a possible decline to $1,500.
### XRP Price Analysis
XRP rebounded from $2 support on March 11, reaching the 20-day EMA ($2.35) by March 13. The bulls are challenging the bears at the 20-day EMA, with a potential move towards $2.64 and $3 if resistance is breached. Conversely, a sharp downturn could test the crucial $2 support, potentially forming a bearish head-and-shoulders pattern and driving XRP towards $1.28.
### BNB Price Analysis
BNB rose above the 20-day EMA ($591) on March 13 but struggled to maintain higher levels. Bullish momentum could push the price towards the 50-day SMA ($624) and potentially to $686 upon breaching this level. Bears may aim to prevent an upward move, signaling ongoing market uncertainty.
These analyses provide insights into the current market dynamics of leading cryptocurrencies, offering a glimpse into potential price movements and key support/resistance levels. Investors should closely monitor these factors to make informed decisions in the volatile cryptocurrency market.
