The cryptocurrency market is showing renewed strength, with Bitcoin (BTC) climbing to fresh recovery highs amid improving market sentiment. Data shows that for the past three consecutive days, the number of rising cryptocurrencies has exceeded those declining—a bullish signal not seen since February 22. Over the last 24 hours, 57.45% of major digital assets posted gains, compared to 42.55% in the red, indicating sustained optimism across the market.
This shift in momentum reflects growing confidence among investors, especially as key technical indicators across major assets like BTC, Ethereum (ETH), and Cosmos (ATOM) begin to align with bullish patterns. Below, we break down the latest price action, technical setups, and what to watch next in this evolving market cycle.
Bitcoin Technical Outlook: Pullback Finds Support at Key Moving Average
After a strong rally pushed Bitcoin above $50,200, the asset experienced a notable correction during U.S. trading hours, dipping to around $47,050—a decline of over 6%. This pullback coincided with weakness in traditional markets, but Bitcoin’s ability to stabilize near critical support suggests underlying strength.
The bounce occurred precisely at the 1-hour chart’s 60-period moving average (MA60), which has now turned upward, reinforcing its role as dynamic support. More importantly, Bitcoin has broken above the 4-hour MA60—a major hurdle that had previously capped upside momentum. Accompanying this move, the MACD indicator has crossed above the zero line on the 4-hour chart, signaling increasing bullish momentum.
While these developments favor long-side positions, traders should remain cautious about volume. There has been no significant expansion in trading volume during the rebound, suggesting that institutional participation may still be limited. A sustained breakout above resistance will likely require stronger buying pressure.
Key Levels to Watch:
- Support: $48,500 — $47,200 — $45,500
- Resistance: $50,500 — $52,150 — $55,000
For now, the 1-hour MA60 serves as a key trend filter. As long as Bitcoin holds above this level during corrections, the uptrend remains intact. Traders can view dips into support zones as potential accumulation opportunities, especially if volume picks up near these levels.
Ethereum Follows Bitcoin’s Lead—But One Key Hurdle Remains
Ethereum (ETH) continues to mirror Bitcoin’s trajectory but faces a critical technical barrier: the 4-hour MA60, which remains sloping downward. Until ETH clears this moving average with conviction, upside momentum may remain constrained.
Despite this, the broader structure is improving. The series of lower highs and lower lows that defined ETH’s correction since February 20 has ended. Instead, price is now forming higher lows—a structural shift that often precedes larger bullish moves. Additionally, the MACD on the 4-hour chart has crossed above zero, adding confirmation to the improving trend.
With overall market sentiment strengthening and Bitcoin providing a favorable macro backdrop, Ethereum appears poised for a breakout. A decisive close above the 4-hour MA60 could trigger a rapid move toward the next resistance zone around $1,710.
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Key Levels to Watch:
- Support: $1,520 — $1,463 — $1,435
- Resistance: $1,600 — $1,655 — $1,710
Traders should monitor both price action and volume when ETH approaches resistance. A breakout without strong volume may lead to a false move, while a high-volume surge could attract follow-through buying.
Cosmos (ATOM) Breaks Into Bullish Territory
Cosmos (ATOM) has emerged as one of the stronger performers in recent days. After briefly breaking above its 4-hour MA60 only to retreat during Bitcoin’s dip, ATOM has reclaimed the level and now holds above it with increasing conviction.
More importantly, the MACD has crossed above zero on the 4-hour timeframe, and price continues to form higher lows—signs that the mid-term downtrend is likely over. This shift suggests ATOM is transitioning from consolidation into a new phase of upward momentum.
The 4-hour chart indicates that ATOM is gradually exiting a period of weakness. If buying pressure continues, the path toward $22 becomes increasingly likely. However, sustained progress will depend on broader market strength and volume confirmation.
Key Levels to Watch:
- Support: $19.40 — $18.90 — $18.00
- Resistance: $20.60 — $22.10 — $24.30
A close above $22 on strong volume could signal a resumption of the longer-term uptrend. Until then, traders should treat rallies near resistance with caution unless clear momentum builds.
Frequently Asked Questions (FAQ)
Q: What does it mean when the number of rising coins exceeds falling ones for three consecutive days?
A: A multi-day positive breadth—where more coins rise than fall—is often an early sign of broad market recovery. It suggests improving participation beyond just Bitcoin or Ethereum and can precede sustained rallies.
Q: Why is breaking above the 4-hour MA60 important for cryptocurrencies?
A: The 4-hour MA60 acts as a key dynamic resistance level. When price closes above it and the indicator turns upward, it often marks a shift from bearish to bullish momentum and attracts trend-following buyers.
Q: How reliable are MACD crossovers in crypto trading?
A: While not foolproof, MACD crossovers above zero on higher timeframes (like 4-hour or daily) provide valuable confirmation of momentum shifts. They work best when combined with price structure and volume analysis.
Q: Should I be concerned about low volume during a price rebound?
A: Yes. Low-volume rallies lack conviction and are more prone to failure. Strong breakouts typically come with expanding volume, indicating real buying interest rather than short covering or speculative moves.
Q: What role does Bitcoin play in influencing altcoins like ETH and ATOM?
A: Bitcoin often sets the tone for the entire market. When BTC stabilizes or rises on solid technical footing, altcoins tend to follow. Conversely, a sharp drop in Bitcoin usually triggers broad sell-offs.
Q: How can I use moving averages effectively in crypto trading?
A: Use shorter MAs (like 1-hour MA60) for intraday trend tracking and longer ones (4-hour or daily) for identifying major shifts. Combine them with support/resistance levels and momentum indicators for better accuracy.
Final Thoughts: Market Structure Favors Upside
The crypto market is displaying stronger technical health than at any point since late February. With Bitcoin defending key support and breaking past critical resistance, momentum is shifting in favor of bulls. Ethereum and Cosmos are following similar patterns, suggesting broader improvement across asset classes.
Core Keywords: Bitcoin price analysis, Ethereum technical outlook, Cosmos (ATOM) forecast, crypto market sentiment, BTC support levels, cryptocurrency moving averages, MACD bullish crossover, digital asset trends
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As long as Bitcoin holds above $47,000 and volume begins to increase on rallies, the path of least resistance appears higher. Traders should focus on high-probability setups near dynamic supports and watch for confirmation at major resistance zones before adding aggressive long positions.
With sentiment improving and technical structures aligning, the stage may be set for another leg higher in this ongoing recovery phase.