Bitcoin falls below $80K — Will PI, OKB, GT and ATOM outperform BTC and altcoins?

Quick Summary:

Source: Cointelegraph/TradingViewThe 4-hour chart shows that the bears are defending the 50-simple moving average, but a minor positive is that the bulls are trying to keep the pair above the 20-EMA.

The moving averages on the 4-hour chart are sloping down marginally, and the RSI is just below the midpoint, signaling the continuation of the range-bound action in the near term. If buyers push the price above $85,000, the pair could rally to $88,500.

This level could attract sellers, but the pair may jump to $95,000 if the bulls prevail. The bears will be back in the driver’s seat if the price breaks below the $81,000 to $80,000 support zone.

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Article Details

Author / Journalist: Cointelegraph by Rakesh Upadhyay

Category: Crypto

Markets: United StatesChina

Topics: Level Bulls Resistance Break Bitcoin 4-hour Price Line Chart Pair Moving

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 20:35:13 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1447 words

Reading Time: 9 minutes read

Sentences: 80 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27629261

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Main Topics: Crypto

Official Website: cointelegraph.com

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