Traders expect Bitcoin to have a go at $50,000 this week, a move which could pave the way for $VET, $RUNE, THETA and AAVE to set new 2022 highs.
on April 1. For the remaining 2 million Bitcoin, the crypto markets will have to wait for a long time because the last Bitcoin is expected to be mined by 2140. This could shift focus on how only a small quantity of Bitcoin is left to be mined and its growing demand could lead to scarcity and boost prices higher.
Contrary to this assumption, if the price turns down from the current level or the overhead resistance, the bears will again try to pull the pair below $45,400 and the 20-day EMA. If that happens, the pair could drop to the 50-day SMA .The 4-hour chart shows that the price has been correcting since hitting the resistance line of the ascending channel. Recovery attempts by the bulls are facing stiff resistance at the downtrend line.
Conversely, if the price turns down and breaks below the 50-SMA, the pair could drop to the critical level at $0.07. If bulls flip this level into support, the pair will again try to rise above $0.09 but if the support at $0.07 cracks, the bears may be back in the game.Theta Network’s THETA token has been range-bound between $2.50 and $4.40 for the past several weeks. The bulls attempted to push the price above the overhead resistance but failed.
If the price slips below the 50-SMA, the short-term advantage could tilt in favor of the sellers. The price could then drop to $3.50. On the other hand, the bulls will gain the upper hand if the price breaks and sustains above the overhead resistance.THORChain has been trading inside a large descending triangle pattern for several months. The sharp rally of the past few days pushed the price to the downtrend line of the triangle where the bears are mounting a strong resistance.
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