Bitcoin continues to trade within a tight range, consolidating below the 
$85,000 mark and holding above the $81,000 support zone. Bulls are making 
efforts to reclaim higher levels and spark a recovery rally, but persistent 
macroeconomic uncertainty and growing concerns over global trade tensions 
continue to weigh on market sentiment. Related Reading: Whales Accumulate Over 
120 Million Dogecoin In Past Week – Analyst The lack of momentum in either 
direction has left Bitcoin range-bound for the past several sessions. However, 
optimism remains among futures traders. According to recent data, 60.52% of 
traders with open Bitcoin positions on Binance Futures are currently holding 
long positions, suggesting a majority still believe in an upside breakout. 
This bullish leaning among leveraged traders highlights growing expectations 
that Bitcoin could recover once broader market sentiment improves. Still, the 
consolidation pattern remains in place until BTC can break decisively above 
the $85K level and target $88K or higher. If bulls fail to reclaim resistance 
soon, the risk of a breakdown below $81K increases, potentially triggering a 
deeper correction. As uncertainty dominates headlines, Bitcoin remains at a 
crossroads, and traders continue to watch closely for a catalyst to drive the 
next major move. Bitcoin Investors Split On Market Direction As Long Positions 
Dominate Futures After months of volatility and a sharp correction from 
Bitcoin&#8217;s January all-time high, some market participants are preparing for a 
prolonged bear market. Sentiment among this group is driven by persistent 
macroeconomic uncertainty, erratic global policy shifts, and rising concerns 
of recession, all of which have shaken confidence across both crypto and 
traditional markets. However, a more optimistic view persists among analysts 
who argue that the current price action is simply a healthy correction within 
a larger bull cycle. They believe that Bitcoin is undergoing a standard 
consolidation phase following its parabolic move in late 2024. The structural 
fundamentals supporting Bitcoin—including growing institutional interest and 
broader adoption—remain intact. Supporting this view, top analyst Ali Martinez 
shared a key metric on X: the Bitcoin Long/Short Ratio on Binance Futures. 
Martinez revealed that 60.52% of traders with open BTC positions are currently 
leaning long, signaling a bullish sentiment among futures traders. This 
bullish skew in leveraged positions suggests that a potential breakout may be 
on the horizon. If bulls can reclaim resistance levels near $88K and push 
above the $90K mark, it could confirm the start of a recovery rally and help 
restore confidence. Related Reading: Cardano Indicator Flashes Buy Signal On 
4-Hour Chart – Rebound Ahead? Until then, indecision continues to dominate the 
market, and Bitcoin remains trapped in a tight range where both scenarios—a 
deeper correction or a bullish breakout—remain on the table. BTC Price Range 
Narrows As Key Resistance Holds Strong Bitcoin (BTC) is trading at $84,200 
after several days of tight consolidation between the $87,000 resistance and 
the $81,000 support level. Despite recent attempts to push higher, bulls have 
struggled to break through key resistance, leaving the price range bound and 
vulnerable to sudden volatility. Currently, BTC sits approximately 4% below 
the 4-hour 200-day Moving Average (MA) and Exponential Moving Average (EMA). 
These indicators, now acting as dynamic resistance around $87,300, are widely 
watched by traders as crucial short-term trend signals. Reclaiming this zone 
as support could be the catalyst for a recovery rally toward the $90,000 mark, 
helping shift sentiment back in favor of the bulls. Related Reading: Investors 
Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation 
Trend? However, the failure to break above this technical ceiling raises 
concerns. If price action remains weak and fails to retake the 200 MA and EMA 
in the coming sessions, the likelihood of a drop below the $81,000 support 
increases. Such a move would not only trigger fresh selling pressure but could 
also send BTC into deeper correction territory. Featured image from Dall-E, 
chart from TradingView

Bitcoin Futures Data Shows Bullish Long/Short Ratio – Details

The Bitcoin (BTC) mining hashprice &#8212; a miner&#8217;s daily revenue per unit of 
hashing power expended to mine blocks &#8212; has remained constant at around $48 
per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin 
difficulty.
Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 
trillion at block 889,081 on March 23, up from the 112.1 trillion difficulty 
in the previous epoch.
According to TheMinerMag, a hashprice below $50 places financial stress on 
miners running older hardware such as the Antminer S19 XP and S19 Pro.
The older hardware coupled with declining network transaction fees risks 
pushing some miners into unprofitable territory &#8212; forcing them to turn off 
their hardware until they upgrade their application-specific integrated 
circuits (ASICs) or network conditions change.
Mining firms have been struggling since the April 2024 Bitcoin halving event, 
which slashed the block subsidy to 3.125 BTC per block mined, generally 
increasing network difficulty, and the recent downturn in the crypto markets 
due to macroeconomic uncertainty.
_Bitcoin mining difficulty. Source:__CoinWarz_
 _**Related:**__**SEC says proof-of-work mining does not constitute securities 
dealing**_
## Miners have a rough start to 2025
Research from financial services firm JPMorgan shows that publicly listed 
Bitcoin mining companies collectively lost 22% of their share value in 
February 2025.
Even miners who diversified operations into artificial intelligence and high- 
performance computing data centers, to shore up revenue lost through mining 
activities, are facing financial pressures, the JPMorgan report found.
The financial services firm cited the release of DeepSeek R1, an open-source 
AI model trained for a fraction of the cost as the leading models and performs 
on par with closed-source AI products, as a strain on large AI data centers.
_Although the Bitcoin network &#8216;s hashrate oscillates in the short term, the 
long term trend is up-only. Source: __CryptoQuant_
A steadily rising network hashrate, which is the sum total computing power in 
the Bitcoin network, is also creating increased competition among miners, who 
must expend greater computing resources to remain profitable.
Fears of a prolonged trade war between the United States and Canada, alongside 
constant tariff headlines, have put miners on edge.
Threats from Canadian officials to levy tariffs on energy exports to the 
United States place even more pressure on the already struggling industry.
_**Magazine:**__**Korea to lift corporate crypto ban, beware crypto mining 
HDs: Asia Express**_

Bitcoin mining hashprice stays flat despite higher difficulty: Report

Per data aggregated from coinmarketcap.com and defillama.com, the 
decentralized exchange (DEX) platform Pancakeswap has eclipsed Uniswap in 
seven-day trading volume this week. DEX Volume Wars Analytics unveiled via a 
Sunday post on X by coinmarketcap.com’s social media account reveal that the 
DEX Pancakeswap secured the top position in this week’s trading volume 
figures. “With over […]

DEX Platform Pancakeswap Dethrones Uniswap in Weekly Volume Race

Solana’s price action is being shaped by investor behavior at key price 
levels, as revealed by new on-chain data from Glassnode. Large clusters of 
traders have formed at both ends of the current trading range, which are now 
playing a central role in how Solana moves in the short term. This is 
especially true as overall Solana trading activity and market participation 
continue to slow down. $144 Resistance Builds As Break-Even Sellers Line Up 
According to Glassnode’s URPD chart, Solana’s supply distribution reveals a 
sharp cluster of holdings at $144, where 27 million SOL, close to 5% of the 
total supply, is currently concentrated. This level has now become a test of 
resistance for Solana&#8217;s price action in the past few days. Related Reading: 
Ethereum Whales Pounce On The Dip, Snag $236 Million In ETH What makes this 
zone particularly significant is its historical context. On January 19, when 
SOL reached its all-time high, this same level already held 20.6 million 
tokens. The rise in holdings since then indicates that many investors are 
sitting near their entry points and may be inclined to sell once prices 
revisit $144 to break even. This creates a psychological barrier that could 
stall or even reverse rallies if bullish momentum proves too weak to overpower 
profit-taking at this zone. Beneath this resistance lies another major supply 
wall at $135, where 26.6 million SOL is currently held. Taken together, these 
two zones are likely to cap upward movement unless volume surges dramatically 
or there are new bullish events that will attract stronger demand. Image From 
X: Glassnode Long-Term Holders Reinforce Positions To Form Strong Support At 
$112 A Solana price support is also forming with notable strength, especially 
around the $112 region. Glassnode’s data shows that 9.7 million SOL, 
approximately 1.67% of the supply, is now positioned at this level. Back on 
January 19, only 4 million SOL tokens were held here. Therefore, the increase 
to 9.7 million SOL tokens means that long-term investors have doubled down and 
reinforced their cost basis after the decline in recent weeks. This signals a 
high probability of price defense in the face of selling pressure, as these 
holders are likely committed to maintaining their positions rather than 
cutting losses. Below $112, however, the safety net begins to thin. The $94 to 
$100 range collectively holds nearly 21 million SOL, but beneath that, there’s 
a wide void. Between $94 and $56, supply thins out dramatically, indicating a 
potential “air pocket” in price action. If the $100 mark collapses, Solana 
could experience a strong drop due to the absence of strong buyer interest in 
this lower range. Further complicating the outlook is Solana’s steadily 
declining velocity, which has now sunk to its lowest point in five months. 
This metric, which tracks how often SOL changes hands, has reverted to levels 
last seen in October 2024. Such a sharp decline in circulation reflects a 
clear drop in investor engagement. This dwindling activity exacerbates bearish 
sentiment, suggesting that even with support at $112, a muted market response 
may limit recovery efforts. SOL: Velocity. Image From Glassnode Related 
Reading: XRP Set For Big Rally – Analyst Says ‘Double Digits’ This Year At the 
time of writing, Solana is trading at $131. Solana has spent the past seven 
days trading between the upper end of $135 and the lower end of $122. Featured 
image from Coins.ph, chart from TradingView

Solana Price Faces Slowdown: Support And Resistance Levels To Keep An Eye On

Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price 
above the 200-day simple moving average ($84,899) over the weekend. Bitget 
Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close 
above $85,000 this week to signal strength and &#8220;prevent a drop to $76,000.&#8221; 
Lee added that a close above $87,000 would give a clearer bullish 
confirmation.
Tariff wars have rocked both traditional markets and the cryptocurrency 
markets in the past few days. Nansen research analyst Nicolai Sondergaard 
believes the markets may remain under pressure until April 2. While speaking 
on Cointelegraph&#8217;s Chainreaction daily X show, Sondergaard said that if the 
tariffs get dropped, it could act as &#8220;the biggest driver at this moment.&#8221;
_Crypto market data daily view. Source:__Coin360_
Although analysts remain bullish for the long term, some expect a short-term 
decline. Analyzing previous bear market declines, market analyst and author 
Timothy Peterson said in a post on X that the current bear market should only 
last for 90 days. The analyst anticipates a fall in the &#8220;next 30 days followed 
by a 20-40% rally sometime after April 15th.&#8221;
If Bitcoin starts a sustained recovery, several altcoins could follow suit. 
What are the top cryptocurrencies that look strong on the charts?
## Bitcoin price analysis
Bitcoin is struggling to rise and sustain above the 20-day exponential moving 
average ($85,246), but a positive sign is that the bulls have not ceded much 
ground to the bears.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
That increases the possibility of a break above the 20-day EMA. If that 
happens, the BTC/USDT pair could rise to the 50-day SMA ($90,469) and 
thereafter to $95,000.
Conversely, if the price turns down from the 20-day EMA and breaks below 
$81,000, it suggests that the bulls have given up. That could sink the pair to 
$80,000 and subsequently to $76,606. Buyers are expected to defend the $76,606 
level because a break below it may deepen the correction. There is strong 
support at $73,777, but if the level falls, the next stop could be $67,000.
_BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView_
Both moving averages are flattish, but the relative strength index (RSI) has 
risen into the positive zone. That suggests the bullish momentum is picking 
up. The first sign of strength will be a close above $87,500. That could open 
the gates for a rise to $92,500 and later to $95,000.
The advantage will tilt in favor of the bears on a break and close below 
$80,000. That could sink the pair to solid support at $76,606.
## Toncoin price analysis
Toncoin (TON) turned down from the $4 level on March 20, but the bulls have 
held the price above the moving averages.
_TON/USDT daily chart. Source: Cointelegraph/TradingView_
The moving averages are on the verge of a bullish crossover, and the RSI has 
jumped into the positive zone. That improves the prospects of a break above 
$4. If that happens, the TON/USDT pair could surge to $5.
This positive view will be invalidated in the near term if the price turns 
down and breaks below the 20-day EMA ($3.39). That could pull the pair to 
$2.81 and then to the solid support at $2.73.
_TON/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The pair is taking support at the 20-EMA on the 4-hour chart, signaling that 
the bulls are buying the dips. However, the bears are unlikely to give up 
easily. They will fiercely defend the $3.80 to $4 overhead zone. Sellers will 
be back in command on a break and close below $3.28. That could start a fall 
toward $2.90.
On the upside, a break and close above $4 signals an advantage to the buyers. 
There is minor resistance at $4.14, but it is likely to be crossed. The pair 
may run toward $4.67.
## Avalanche price analysis
Avalanche (AVAX) has been in a strong downtrend, but the positive divergence 
on the RSI suggests that the bearish momentum may be weakening.
_AVAX/USDT daily chart. Source: Cointelegraph/TradingView_
The AVAX/USDT pair has been clinging to the 20-day EMA ($19.76), increasing 
the likelihood of a breakout. If that happens, the pair could climb to the 
50-day SMA ($22.41) and subsequently to the $25.12 to $27.23 resistance zone. 
Such a move suggests that the downtrend could be ending.
On the other hand, the downtrend may resume if the price turns down from the 
20-day EMA and breaks below the $15.27 support. That could extend the decline 
to $11.
_AVAX/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The pair has been trading inside a narrow range between $20.10 and $18.12 on 
the 4-hour chart. The 20-EMA is trying to move up, and the RSI is in the 
positive territory, giving a slight advantage to the bulls. If the price 
breaks above $20.10, the pair may ascend to $21.20 and then to $22.50.
Alternatively, if the price turns down and breaks below $18.12, it suggests 
that the bears are trying to retain control. The pair may slump to $16.95 and 
eventually to $15.27.
_**Related:**__**Why is Bitcoin price stuck?**_
## Near Protocol price analysis
Near Protocol (NEAR) has been in a strong downtrend, but it is showing early 
signs of starting a reversal.
_NEAR/USDT daily chart. Source: Cointelegraph/TradingView_
The positive divergence on the RSI suggests that the bears are losing their 
grip. A break and close above the 50-day SMA ($3.05) could strengthen the 
bulls, opening the gates for a rally to $3.65. Sellers are expected to 
aggressively defend the $3.65 level, but if the bulls prevail, the NEAR/USDT 
pair may rise to $5.
Contrarily, if the price turns down and breaks below $2.48, it suggests that 
the bears remain in control. The pair could then drop to the solid support at 
$2.14.
_NEAR/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The 4-hour chart has been trading above the 20-EMA, indicating that the bulls 
are holding on to their positions as they anticipate another leg higher. A 
break above $2.83 could start a move toward $3.25. Sellers are expected to 
defend the $3.25 level, but if the bulls pierce the resistance, the next stop 
could be $3.65.
This optimistic view will be negated in the near term if the price turns down 
and breaks below the moving averages. The pair may decline to $2.48 and, after 
that, to $2.34.
## OKB price analysis
OKB (OKB) has been trading inside a descending channel pattern, indicating 
buying near the support line and selling close to the resistance line.
_OKB/USDT daily chart. Source: Cointelegraph/TradingView_
The OKB/USDT pair picked up momentum after breaking out of the 20-day EMA 
($48.39) on March 14. The pair is facing selling near $$54, which could pull 
the price down to the 20-day EMA. A shallow pullback suggests that the bulls 
are not rushing to the exit, increasing the possibility of a rally to the 
resistance line.
Contrary to this assumption, if the price continues lower and breaks below the 
50-day SMA ($47.56), it signals that the bears remain active at higher levels. 
The pair may then tumble to $45.
_OKB/USDT 4-hour chart. Source: Cointelegraph/TradingView_
Sellers are trying to pull the price below the 50-SMA on the 4-hour chart. If 
they succeed, it could weaken the bullish momentum. There is support at $48, 
but if the level breaks down, the pair could drop to $45.
Instead, a solid bounce off the 50-SMA suggests that the sentiment remains 
positive and bulls are buying on dips. The up move could resume above $54, 
opening the doors for a rally to the resistance line.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Cryptocurrency price in BTC