From Cointelegraph

April 20, 2025 3:41 PM:

Bitcoin (BTC) has risen 1% for the week, signaling a balance in supply and demand. Analysts predict a quiet Easter weekend with uncertain direction for Bitcoin’s next move. Network economist Timothy Peterson expects Bitcoin to trade between $75,000 and $138,000 within 90 days based on historical data. Bloomberg’s Mike McGlone warns of a potential drop towards $46,000.

Bitcoin price analysis shows the cryptocurrency above the 20-day EMA but struggling to challenge the 200-day SMA. Failure to rally may lead to downside pressure with support levels at $78,500 and $73,777. A break above the 200-day SMA could signal the end of the corrective phase, pushing the price to $95,000 and possibly $100,000.

BNB faces resistance at the downtrend line while maintaining a balanced supply and demand. Break above the downtrend line may lead to a rally to $644. Conversely, a sharp downturn from the line could keep BNB inside a triangle pattern. Support levels at $576 and $566 are crucial for determining future price movement.

Hyperliquid (HYPE) sees resistance at $17.35 with potential for a rally to $21 and $25 if buyers continue to defend the price level. A break below $17.35 could indicate bearish pressure, with support at the 20-day EMA. Failure to hold key support levels may negate bullish expectations.

Bittensor (TAO) breaks above moving averages, reaching a downtrend line where bears could defend. A bounce off the 20-day EMA could lead to a rally above the downtrend line, targeting $360. However, a downturn and break below the 20-day EMA may signal continued bearish control, with support at $222.

Render (RNDR) breaks above resistance at $4.22, hinting at a bullish comeback. A close above $4.22 could complete a double-bottom pattern, targeting $5.94. Support at the 20-day EMA is crucial, with a break below signaling rejection of the breakout. Resistance at $4.83 may be crossed if bullish momentum continues.

Read more at Cointelegraph: Bitcoin prepares for launch from $85K, BNB, HYPE, TAO and RNDR could follow