By Chris Hollingworth 
Bitcoin (BTC) bulls are showing strength as they aim to break above the $90,000 resistance level. Institutional investors are showing renewed interest in Bitcoin, as evidenced by eight consecutive days of net inflows into US spot Bitcoin exchange-traded funds, according to data from SoSoValue. Additionally, a Bitcoin whale recently purchased 2,400 Bitcoin, valued at over $200 million, on March 24, increasing their total holdings to more than 15,000 BTC, as reported by blockchain analytics firm Arkham Intelligence.
Despite these positive indicators, the path for a Bitcoin rally may not be smooth, as bulls are likely to face strong selling pressure around the $90,000 mark. Alphractal CEO Joao Wedson noted that whales have been closing long positions and initiating short positions on Bitcoin at $88,000, suggesting a challenging road ahead for the bulls.
The question remains: Can Bitcoin break through the significant resistance level and potentially lead altcoins higher, or is a short-term correction on the horizon? Let’s delve into an analysis of the top 10 cryptocurrencies to gain insights into their price movements.
### Bitcoin Price Analysis
Bitcoin is currently encountering selling pressure at the resistance line, but the bulls have managed to hold the price above the 20-day exponential moving average ($85,825). The flattening 20-day EMA and the relative strength index (RSI) near the midpoint indicate a slight advantage for the bulls. A decisive break above the 50-day simple moving average ($89,787) could signal the end of the correction, potentially propelling the BTC/USDT pair towards $95,000 and eventually the crucial $100,000 resistance level. Conversely, a breakdown below the 20-day EMA may lead to a decline towards $83,000 and $80,000.
### Ether Price Analysis
Ether (ETH) is facing strong resistance at the $2,111 level, signaling bearish reluctance to relinquish control. A breach below $1,937 could indicate a bearish attempt to turn the $2,111 level into a resistance zone, potentially pushing the ETH/USDT pair towards $1,800. Conversely, a breakout above $2,111 might pave the way for a rally towards the 50-day SMA ($2,325) and eventually $2,550, suggesting a possible short-term bottom at $1,754.
### XRP Price Analysis
XRP (XRP) is finding support at the 20-day EMA ($2.39), indicating buying interest from bulls. If the price rebounds from this level, the bulls may target the resistance line. However, a sharp reversal from the resistance line and a drop below the moving averages could signal continued bearish control, keeping the XRP/USDT pair range-bound between the resistance line and $2. On the other hand, a breakout above the resistance line could propel XRP towards $3 and potentially $3.40.
### BNB Price Analysis
BNB (BNB) bulls are encountering resistance at $644, but they have managed to hold their ground against bears. The upward turn of the 20-day EMA ($616) and the positive RSI suggest a bullish bias. A successful breach above $644 could lead BNB/USDT towards $686 and potentially $745. Conversely, a breakdown below the 20-day EMA might trigger a pullback towards the 38.2% Fibonacci retracement level at $591.
### Solana Price Analysis
Solana (SOL) recently broke above key levels, suggesting potential bullish momentum. However, further analysis is needed to gauge its price action and potential future movements.
These analyses provide a snapshot of the current market dynamics across major cryptocurrencies. It is essential for investors to conduct thorough research and consider various factors before making any investment decisions.
