Price analysis 3/14: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, LINK

Bitcoin’s recovery near $85,000 shows solid buying at lower levels, signaling that the downside may be limited.

Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.

However, Bitcoin may not be out of the woods yet. Crypto analyst Matthew Hyland said in a video posted to X that Bitcoin needs a weekly close above $89,000 to confirm a bottom.

A move above $89,000 could liquidate roughly $1.60 billion in short positions, according to CoinGlass data. If that does not happen, Hyland warns that Bitcoin will fall into the $74,000 to $69,000 range.

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  • bitcoinBitcoin(BTC)$23,844.000.01%
  • ethereumEthereum(ETH)$1,644.281.61%
  • tetherTether(USDT)$1.00-0.06%
  • BNBBNB(BNB)$308.030.36%
  • rippleXRP(XRP)$0.388411-0.90%
  • cardanoCardano(ADA)$0.382271-0.15%
  • litecoinLitecoin(LTC)$94.301.30%
  • tronTRON(TRX)$0.0696700.93%
  • LEO TokenLEO Token(LEO)$3.34-0.49%
  • moneroMonero(XMR)$152.41-2.87%
  • bitcoin-cashBitcoin Cash(BCH)$138.63-0.60%
  • stellarStellar(XLM)$0.091075-1.03%
  • eosEOS(EOS)$1.17-1.91%
  • tezosTezos(XTZ)$1.354.72%
  • Bitcoin SVBitcoin SV(BSV)$42.98-0.16%
  • bitcoinBitcoin(BTC)$23,844.000.01%
  • ethereumEthereum(ETH)$1,644.281.61%
  • tetherTether(USDT)$1.00-0.06%
  • BNBBNB(BNB)$308.030.36%
  • rippleXRP(XRP)$0.388411-0.90%
  • cardanoCardano(ADA)$0.382271-0.15%
  • litecoinLitecoin(LTC)$94.301.30%
  • tronTRON(TRX)$0.0696700.93%
  • LEO TokenLEO Token(LEO)$3.34-0.49%
  • moneroMonero(XMR)$152.41-2.87%
  • bitcoin-cashBitcoin Cash(BCH)$138.63-0.60%
  • stellarStellar(XLM)$0.091075-1.03%
  • eosEOS(EOS)$1.17-1.91%
  • tezosTezos(XTZ)$1.354.72%
  • Bitcoin SVBitcoin SV(BSV)$42.98-0.16%