Oh, the US Dollar Index (DXY) decided to take a nosedive below 98 on April 21, hitting a three-year low—because who doesn’t love a good plunge? Naturally, this sent gold scampering to a dazzling new all-time high, with Bitcoin (BTC) flexing its muscles above $88,000 like the digital diva it is.
Arthur Hayes, the BitMEX co-founder and self-styled Maelstrom maestro, sees this as your “last chance” to snag Bitcoin for under $100,000. According to him, the Federal Reserve might unleash some Treasury buybacks—a Bazooka in the crypto war, apparently—ready to blast Bitcoin’s price trajectory to the moon.
Meanwhile, those hefty whales have been fattening up their Bitcoin wallets in March and April. Glassnode reports that wallets hoarding over 1,000 BTC have jumped from 2,037 in late February to 2,107 by mid-April, which is basically crypto-speak for “big fish gearing up for a feast.”
Will Bitcoin bulls hold their ground and launch a stampede toward $100,000? And will the altcoin entourage follow suit or stay in the shadows? Grab some popcorn and let’s dive into the charts.
S&P 500 Index price analysis
The S&P 500’s valiant comeback hit a stubborn wall at the 20-day EMA (5,399) back on April 14—kind of like that awkward first date that just doesn’t quite click.
Watch the 5,119 mark like a hawk. If it crumbles, the index might do a faceplant to 4,950, with bulls ready to brawl in the 4,950 to 4,835 ring. But if it bounces, the show might swing between 5,119 and 5,500, until someone finally pushes it above 5,500 to declare the correction over—party time or nap time, who knows?
US Dollar Index price analysis
DXY is sliding downhill again as of April 21, proving that bears still hold the remote control over this drama.
The poor index might crash to 97.50, which could act as a chromium-plated trampoline for a relief bounce. Sellers are lurking between 99 and 100.27, ready to pounce on any optimism. If the price halts dead there, the plunge could extend further to 95—grab your parachute.
Cheering for strength? Look for a break above 100.27. That’s when buyers say, “Hey, we still got this,” and things could turn from “oh no” to “oh wow,” especially if it climbs past the 20-day EMA at 101.64.
Bitcoin price analysis
Bitcoin finally kicked open the doors after some mild dawdling, hitting a critical resistance at the 200-day SMA ($88,238), sort of like a stubborn cat deciding now’s the time to jump on your keyboard.
That magical moving average crossover is on the cusp of becoming bullish, and the RSI is looking cheerfully positive. If Bitcoin can crush the 200-day SMA, it might be game on for a sprint to $95,000 and maybe even that mythical $100,000 mark.
However, if it retreats below the 20-day EMA ($84,176), it’s a red flag waving for bears to storm in and potentially drag the price down to $78,500. Drama guaranteed.
Ether price analysis
Ether (ETH) remains on a bit of a downer, but the bulls have pulled out some emergency rally tactics, trying to push prices above the 20-day EMA ($1,659).
Resistance looms between $1,754 and the 50-day SMA ($1,846), where sellers are ready to party hard. If ETH can’t break through, it could dip below $1,368, the stuff of altcoin nightmares.
But, if it manages to break above the 50-day SMA, the bulls gain the green light to chase a rally up to $2,111—and possibly as far as $2,600, because why stop at $2K when you can dream bigger?
XRP price analysis
XRP’s been flirting with the 20-day EMA at $2.09, hinting that the bears might be losing their grip—finally.
There’s resistance ahead at the 50-day SMA ($2.21). If XRP crushes it, we could see a march toward the resistance line itself. Sellers will throw their fiercest tantrum here, because a real rally would signal, gulp, a trend change!
Watch the $2 mark like a tightrope—slip below and the bears take the stage again, potentially hauling the price down to $1.72, and if that’s not bad enough, all the way to $1.61.
BNB price analysis
BNB broke free from its downtrend shackles on April 21, showing the bulls might be staging a coup.
A close above this downtrend line could open the gates to a rally at $645. If sellers try to block it there, bulls need to keep their footing or risk a retreat—not cute. Push past $645 and $680 could beckon, like a siren’s call to traders.
But the bears still have a shot—pulling below $566 might slam the door on this breakout, turning BNB into a triangle-shaped puzzle for who knows how long.
Solana price analysis
Solana (SOL) is slowly but surely inching toward the $148–$153 resistance zone, clearly indicating the bears are beginning to sweat.
The bullish crossover is looming, and the RSI is putting on its happy face. If buyers push through this zone, SOL could rocket to $180.
If not, be prepared for a yo-yo performance between $153 and $120, because bears love to party on the rebound.
Dogecoin price analysis
Dogecoin (DOGE) is stubbornly hugging the 20-day EMA ($0.16), suggesting that selling pressure has at least taken a coffee break.
The flattening 20-day EMA and a neutral RSI point towards a truce between buyers and sellers. Break the 50-day SMA at $0.17, and the bulls could pull off a rally to $0.21—because who doesn’t want to see a dogecoin rocket?
Keep an eye on the $0.14 support; if the price falls below, the downtrend may return with a vengeance, dragging DOGE down to $0.13 or even the tragic $0.10.
Cardano price analysis
Cardano’s bulls are valiantly trying to stay above the 20-day EMA ($0.63), signaling a stubborn refusal to throw in the towel.
If ADA charges past the 50-day SMA at $0.69, traders might toss confetti, hoping the correction phase is done for good. The path could clear toward $0.83 and even $1.03.
If it stumbles from the 50-day SMA, the bulls will try to rally at the 20-day EMA. But if it slips below $0.58—bears rejoice, the party’s not over yet.
Chainlink price analysis
Chainlink (LINK) closed above its 20-day EMA ($12.90) on April 19, bumping against the 50-day SMA ($13.63)—like a kid on the playground daring the bully for a rematch.
Sellers are ready to fortify the 50-day SMA, but if bulls force their way through, LINK could rally toward the descending channel’s resistance line, with $16 playing the role of the final boss—one that probably will be defeated.
On the downside, watch the 20-day EMA and $11.68. Fall below that, and bears probably still have control, possibly dragging LINK toward the support line where some hopeful buyers might stand guard.
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2025-04-21 19:33