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Bitcoin (BTC) has once again become the center of attention as it dances around the $85,000 zone. While many traders are cautiously watching the charts, a closer look reveals that the king of crypto might be gearing up for its next major move. With both daily and hourly candles showing signs of transition and with moving average ribbons tightening, it's time to dissect whether BTC price is staging a breakout or stalling before another leg down. Let’s break down what the charts and indicators are really telling us. The 1-hour Heikin Ashi chart shows a subtle but notable recovery in momentum after several sessions of consolidation and downtrend. Bitcoin dipped near the $82,000 mark before forming a rising pattern, attempting to reclaim lost territory. What stands out is the bullish crossover on the short-term MA ribbon — with the 20 SMA piercing above the 50 SMA, which often acts as an early indicator of trend reversals. Prices have now surged above the 100 SMA, while facing mild resistance around the 200 SMA (currently near $84,841), a psychological and technical battleground. The Average Directional Line (ADL) at 1,525.07 suggests weak accumulation pressure, but it's beginning to curl upward — a sign that buyers may be stepping in slowly. The consistent higher lows on this timeframe, paired with the bullish slope of the 20 SMA, paint a cautiously optimistic picture. The hourly breakout attempt above $85,500, if sustained, could flip intraday sentiment decisively bullish, targeting $87,000–$88,000 next. The daily chart tells a different story — more macro, more patient. After a powerful rally to around $93,000 earlier this year, BTC price has slowly bled downwards, finding interim support near the $81,000–$82,000 region. The price has been chopping sideways since mid-March, indicating a classic accumulation range, but has yet to deliver a strong bullish impulse. The MA Ribbon on the daily (SMA 20 through 200) reveals that BTC is still trading below its 100 SMA and 50 SMA — both of which are curving downward. This alignment favors bears in the medium term unless Bitcoin price can reclaim and hold above $88,000. The 200 SMA currently rests at $86,205, a critical confluence zone. A daily close above that level could trigger a wave of FOMO and short liquidation, catapulting BTC back to its YTD high. Meanwhile, the ADL reading at 1,595.13 remains relatively flat, confirming that major players haven't aggressively bought into this dip — yet. The next few daily candles will be crucial to determine whether smart money starts flowing back in. On both timeframes, moving averages are compressing — a telltale sign of an incoming volatility spike. The 1-hour chart’s short-term MAs are curling up, a bullish signal. Meanwhile, the daily chart presents a more neutral stance with MAs starting to flatten after weeks of decline, hinting at a bottom formation phase. The Heikin Ashi candles also support this: we’re seeing smaller bodies and wicks on both ends, indicating indecision but with a slight bullish bias on shorter timeframes. If BTC price can break above $86,200 with strong volume, a retest of $90,000 could quickly follow. At this juncture, BTC price is trading at a key inflection point. Short-term momentum is clearly building on the 1-hour chart, while the daily chart shows a potential base forming around the $84,000–$85,000 region. However, without a convincing break above the daily 200 SMA and a surge in volume, the market remains vulnerable to another shakeout. If Bitcoin price closes above $86,200 in the next 24–48 hours, it could trigger a broader uptrend toward $90,000 and potentially new all-time highs. On the flip side, failure to break that level could result in a rejection down to $81,000 once again — a painful fakeout for eager bulls. All eyes should remain glued to the $85,900–$86,200 resistance zone. A strong push above could mark the start of a new bullish phase for BTC price to reach $100K. Until then, smart traders should stay agile, watching both short-term signs of momentum and long-term confirmation from daily moving averages and accumulation patterns. Bitcoin (BTC) has once again become the center of attention as it dances around the $85,000 zone. While many traders are cautiously watching the charts, a closer look reveals that the king of crypto might be gearing up for its next major move. With both daily and hourly candles showing signs of transition and with moving average ribbons tightening, it's time to dissect whether BTC price is staging a breakout or stalling before another leg down. Let’s break down what the charts and indicators are really telling us. The 1-hour Heikin Ashi chart shows a subtle but notable recovery in momentum after several sessions of consolidation and downtrend. Bitcoin dipped near the $82,000 mark before forming a rising pattern, attempting to reclaim lost territory. What stands out is the bullish crossover on the short-term MA ribbon — with the 20 SMA piercing above the 50 SMA, which often acts as an early indicator of trend reversals. Prices have now surged above the 100 SMA, while facing mild resistance around the 200 SMA (currently near $84,841), a psychological and technical battleground. The Average Directional Line (ADL) at 1,525.07 suggests weak accumulation pressure, but it's beginning to curl upward — a sign that buyers may be stepping in slowly. The consistent higher lows on this timeframe, paired with the bullish slope of the 20 SMA, paint a cautiously optimistic picture. The hourly breakout attempt above $85,500, if sustained, could flip intraday sentiment decisively bullish, targeting $87,000–$88,000 next. The daily chart tells a different story — more macro, more patient. After a powerful rally to around $93,000 earlier this year, BTC price has slowly bled downwards, finding interim support near the $81,000–$82,000 region. The price has been chopping sideways since mid-March, indicating a classic accumulation range, but has yet to deliver a strong bullish impulse. The MA Ribbon on the daily (SMA 20 through 200) reveals that BTC is still trading below its 100 SMA and 50 SMA — both of which are curving downward. This alignment favors bears in the medium term unless Bitcoin price can reclaim and hold above $88,000. The 200 SMA currently rests at $86,205, a critical confluence zone. A daily close above that level could trigger a wave of FOMO and short liquidation, catapulting BTC back to its YTD high. Meanwhile, the ADL reading at 1,595.13 remains relatively flat, confirming that major players haven't aggressively bought into this dip — yet. The next few daily candles will be crucial to determine whether smart money starts flowing back in. On both timeframes, moving averages are compressing — a telltale sign of an incoming volatility spike. The 1-hour chart’s short-term MAs are curling up, a bullish signal. Meanwhile, the daily chart presents a more neutral stance with MAs starting to flatten after weeks of decline, hinting at a bottom formation phase. The Heikin Ashi candles also support this: we’re seeing smaller bodies and wicks on both ends, indicating indecision but with a slight bullish bias on shorter timeframes. If BTC price can break above $86,200 with strong volume, a retest of $90,000 could quickly follow. At this juncture, BTC price is trading at a key inflection point. Short-term momentum is clearly building on the 1-hour chart, while the daily chart shows a potential base forming around the $84,000–$85,000 region. However, without a convincing break above the daily 200 SMA and a surge in volume, the market remains vulnerable to another shakeout. If Bitcoin price closes above $86,200 in the next 24–48 hours, it could trigger a broader uptrend toward $90,000 and potentially new all-time highs. On the flip side, failure to break that level could result in a rejection down to $81,000 once again — a painful fakeout for eager bulls. All eyes should remain glued to the $85,900–$86,200 resistance zone. A strong push above could mark the start of a new bullish phase for BTC price to reach $100K. Until then, smart traders should stay agile, watching both short-term signs of momentum and long-term confirmation from daily moving averages and accumulation patterns.

Standard Chartered Analyst: AVAX could reach $55 by year-end Avalanche ( $AVAX ) could rise to $55 by year-end and $250 by the end of 2029, Standard Chartered (SC) Analyst Jeffrey Kendrick predicted. According to CoinDesk, Kendrick said that Avalanche has its own subnet

Current on-chain conditions suggest a developing bearish long-term signal for XRP. Its Market Value to Realized Value (MVRV) ratio, which compares market price to the average price holders paid, reportedly dipped below its 200-day moving average. This specific crossover is still in its early stages and remains unconfirmed as a major trend shift. However, according to technical analysts like Ali Martinez, a sustained MVRV crossover to the downside has historically sometimes signaled a broader macro shift in XRP’s price action direction. XRP came under notable bearish pressure during the last week of March. It consistently closed below its opening price for six of the past seven trading days then. The cryptocurrency’s price tumbled from near $2.50 to reach $2.020 by the close of March 31. Although XRP’s MVRV showed these early potential bearish signals, the altcoin remains within an established sideways trading range for now. XRP traded mostly between $2 and $3 in the past two months, only briefly testing below the $2 support level. Consistent with this range, XRP bounced off support recently. It traded near $2.1062 at the time of writing Wednesday, up 7.12% from Monday’s low. XRP’s latest price structure resembles ADA’s recent trend. The Cardano native token also rebounded from a slump into a notable support region. ADA gained 7.92% after its own Monday decline to trade near $0.6693 at press time. Its move signals a potential upsurge attempt from the bottom of its own established range. Related: ADA Bulls Need to Crack This Level for Rally to Continue on April 2 Separately, recent approval for Coinbase to offer CFTC-regulated Cardano futures builds a tailwind that could support ADA’s bullish momentum. The crypto exchange confirmed the approval Monday after a standard two-week review period by the CFTC for its application. XRP and ADA have gained attention following events related to the projects’ perceived closeness with the current US administration and other developments within their respective ecosystems. Many analysts monitor these cryptocurrencies to help analyze the broader altcoin market. They consider their market status and the potential leadership role they could provide during market shifts. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

An unusual but interesting move has come out of a Brazilian court. Amid legal proceedings involving crypto company BWA Brazil, the court has approved the use of non-fungible tokens (NFTs) as a means to serve a subpoena on an unidentified defendant. The company is accused of committing a massive fraud worth around $900 million, equivalent to 11,200 BTC. This case has thousands of investors biting their fingers. Around 7,000 people are said to have fallen victim to the scheme run by BWA Brazil. However, since most of the parties involved can only be traced through their Bitcoin wallets, not their names or faces, the judge has finally approved a novel idea: to serve legal documents via NFTs sent directly to digital wallet addresses. The ruling comes from Judge Rafael Monteiro de Almeida in São Paulo. He allows victims’ lawyers to create custom NFTs containing legal information and send them to Bitcoin wallets associated with suspicious transactions. This approach may sound strange, but imagine: if the person is unknown, has no home address, and is not active on social media—how can the law reach them? A crypto wallet is the only trace that can be used. And as the judge said, it’s better to send a letter to an address that exists than to wait for a door that will never open. On the other hand, this news comes amid the various crypto dynamics that are developing in Brazil. On March 26, 2025, Brazil’s National Data Protection Authority (ANPD) affirmed the ban on the World ID project. The project gained attention due to its promise of cryptocurrency incentives in return for biometric identification. The ANPD considered the practice risky and issued an ultimatum of a daily fine of BRL50,000, approximately $8,771.78, if the ban was violated. On the other hand, the CNF reports that an advisor to Brazil’s Vice President sees Bitcoin as essential for long-term economic resilience. In fact, some legislators are pushing for 5% of Brazil’s foreign exchange reserves to be allocated to Bitcoin. Diversifying the nation’s financial strategy and keeping up with the times are the objectives. This move reflects how digital currencies are no longer considered just “speculators’ toys.” In the eyes of top state officials, Bitcoin can now become a kind of digital gold, a hedge, and a long-term investment vehicle. If Brazil really takes this step, it could drastically change the direction of their fiscal policy. Still not enough? On February 20, 2025, asset manager Hashdex received the green light from the Brazilian Securities and Exchange Commission or Comissão de Valores Mobiliários (CVM) to launch the world’s first spot XRP ETF . The product is traded on the national stock exchange B3 and has immediately attracted global market attention.

A crypto personality on X (formerly Twitter), known for industry updates, posted a surprise quote early Tuesday attributed simply to “Saylor.” Most readers initially assumed this referred to the renowned Strategy founder Michael Saylor. The widely circulated quote claimed Saylor stated Bitcoin (BTC) will never reach $100,000 again. Considering the timing – April 1st, marking the start of Q2 – the post triggered notable curiosity and some brief panic within the crypto community. This reaction was amplified by recent bearish price pressure on Bitcoin. The original poster offered no immediate context for the supposed prediction, increasing follower speculation. Related: Saylor’s Relentless Strategy: Buys $1.9B More Bitcoin, Now Holds 2.5% of All BTC However, community members quickly realized the likely joke. Several remembered the date’s significance (April Fools’ Day) and soon confirmed the post appeared to be a prank. Notably, there was no proof identifying which “Saylor” the poster actually meant, nor any evidence the famous Michael Saylor made such negative public statements about Bitcoin. In reality, Michael Saylor remains one of the Bitcoin industry’s most vocal and consistent bulls. Reinforcing this, his software firm, Strategy, purchased an additional 22,048 BTC, according to its official March 31 announcement. According to data from TradingView, Bitcoin traded for $83,446 at the time of writing. The cryptocurrency bounced off an $81,287 low after Strategy’s latest purchase. The current price leaves Bitcoin around 24% below its all-time high price of $109,356, which it achieved on January 20. Related: Bold Bitcoin Predictions Range from $120K to $13M—Who’s Right? Many market analysts still expect Bitcoin to recover from recent pullbacks and eventually rally higher. They cite continued belief in the cryptocurrency’s potential to reach new highs in the coming months. Some experts project Bitcoin could surge above $138,000 later in 2025, potentially targeting $150,000 before the year concludes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.