Bitcoin struggles above 200-day MA, needs to close above $81K for resilience

From Cointelegraph

March 16, 2025 2:23:52 pm:

Bitcoin is struggling to break above the 200-day moving average but needs to close above $81,000 to show resilience. Market experts are cautious about a strong price recovery, but one economist predicts a new all-time high before June.

BNB is recovering and faces resistance at the 50-day SMA. If it breaks above the 20-day EMA, it could rally to $686, but a drop below the 20-day EMA may lead to a tumble to $550.

Toncoin rose sharply and could climb above the 50-day SMA. Support at the 20-day EMA could lead to a rally to $5, but a break below the 20-day EMA may drop the price to $2.50.

Gate Token shows indecision with a symmetrical triangle pattern. If buyers push the price above the triangle, it could rally to $26. However, a close below the 20-day EMA may indicate the bears are back in control.

Cosmos broke above the 20-day EMA, indicating reduced selling pressure. Resistance at the 50-day SMA could lead to a rally to $6.50, but a break below the 20-day EMA may sink the price to $3.50.

Read more at Cointelegraph: Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season