BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

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Bitcoin (BTC) has been stuck between $45,400 and $47,500 for two days, indicating a tug of war between buyers and sellers as the two try to establish control over the trend.

Data from on-chain analytics firm Glassnode showed that 100,000 Bitcoin left exchanges in March. These large amounts of pullbacks have only happened twice in Bitcoin’s history, with the largest being in March 2020. However, this does not mean that the price will rise immediately. In 2020, the momentum only accelerated in the fourth quarter of the year.

In the short term, analysts remain divided, with some expecting Bitcoin to fall to $44,800 or even $43,000 while others anticipate a rally at the psychological level to $50,000.

Daily performance of the cryptocurrency market. Source: Coin360

As crypto markets mature, they continue to attract new investors. A report from crypto exchange Gemini highlighted that the number of users who bought their first cryptocurrency in 2021 soared by more than 50% in India, Brazil and Hong Kong. Even Latin America, Asia-Pacific, the United States, and Europe saw over 40% new users start investing in 2021.

Could Bitcoin and altcoins bounce off their support and prolong the recovery? Let’s study the charts of the top 10 cryptocurrencies to find out.