Bitcoin closed above $84,000 on April 16th, indicating that buyers had successfully formed a higher low at around the $83,000 level. Despite this positive development, the trade war between the US and China makes it difficult for BTC to cross key resistance levels.

Although many crypto enthusiasts have considered Bitcoin a safe haven asset and expected investors to shift their focus to the coin amid the war, Gold has been the biggest beneficiary, with Bank of America reporting on Tuesday that Gold ETFs had processed over $50 billion worth of inflows since Trump announced tariffs.

In comparison, Bitcoin spot exchange-traded funds have only handled inflows worth $150 million since the start of the month, according to data from CoinShares. However, some analysts are pleased with the Gold rally, arguing that Bitcoin has surged in the past immediately after Gold began to reverse from its all-time highs. They anticipate a similar scenario in the coming months and predict a BTC rally to $140,000 before the end of the year.

That said, can the bulls sustain momentum to push Bitcoin higher? If so, which major resistance areas should we watch keenly? Let’s explore the price charts to get answers.

Bitcoin Price Analysis

On Wednesday, Bitcoin touched $87,600, the 200-day Simple Moving Average, then reversed to $84,083 at press time. The positive is that the 20-day Exponential Moving Average of $83,157 continues to hold, signaling a higher probability of a price surge than a plunge. Furthermore, the Relative Strength Index (59.56) has entered positive territory, meaning the bears are slowly losing their advantage.

So, if BTC rises further and crosses $87,600, it will improve the prospects of a continued recovery rally, with the bulls eyeing the $95,390 resistance and even $100k. Conversely, the advantage could fully shift to the bears’ side if $83,157 gets violated. In that case, Bitcoin could see its price drop to $78,400 and subsequently to $73,789.

Ethereum Price Analysis

Sellers defended the 20-day Exponential Moving Average of $1,677 on Tuesday, indicating their motive to keep Ethereum at lower prices. If they drag and keep ETH below $1,605, bearish momentum could build up, with the support levels of $1,487 and $1,369 being the potential targets.

From a bullish point of view, Ethereum could surge to $1,800 if buyers thrust it above $1,677 and manage to defeat sellers at $1,755. Moreover, increased demand at those prices could allow ETH to rise to the 50-day Simple Moving Average of $1,922.

XRP Price Analysis

The 20-day Exponential Moving Average of $2.116 has acted as a vital resistance this week. However, while bears have prevented XRP from rising to other resistance levels, they haven’t pulled it to major support areas, signaling bulls’ intention to maintain the token at higher prices.

That said, if $2.116 eventually gives way, the bulls will look to push XRP toward the 50-day Simple Moving Average of $2.248 and then to $2.493. On the other hand, the bears could gain a massive edge if they pull and sustain XRP below $2.06. As such, it’s likely that a downtrend toward $1.629 could happen.

Solana Price Analysis

SOL is priced above the 50-day Simple Moving Average of $130.52, indicating that buyers now have the upper hand. If they capitalize on the advantage, Solana’s price could rise to the $145.02 resistance. On the contrary, a move to the $100.83 support could become possible if the sellers drag SOL below the $20-day Exponential Moving Average of $125.04.

Dogecoin Price Analysis

Like other meme coins, Dogecoin is witnessing a decrease in demand, as evidenced by its current price action. The token is struggling to rise to $0.20, suggesting that most market participants are booking profits. However, if it eventually crosses that critical resistance level, we expect the recovery rally to extend to $0.2891. Conversely, if DOGE drops below $0.1483, bearish momentum could get stronger, with $0.1038 being the desired target for sellers.

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