Crypto Frontline

BTCUSD (Coinbase)

Market sentiment is improving and we say that because the price is slowly generating higher lows and higher highs. Looking at the 4 chart, BTC is now testing the 200 SMA and has a high probability of breaking higher.

Trade tensions seem to be easing and that acts as a relief for risk sentiment. We believe Bitcoin should head higher into $89k and $91k, two near-term resistance levels. Managing to hold the gains will be positive and we could see a continuation towards $95k next month.  The bottoming continues to be in play, which means we might continue to see choppy price action during the next couple of days. 

On the downside, we’ll shift to a bearish stance if Bitcoin breaks below the 20 EMA and the ascending trend line plotted on our chart. If that happens, $80k will be the key support to watch next. However, we give a slight edge to bulls given the context favors a further bounce higher. But, as always, anything is possible in this market and a single negative headline can dent the positive mood. 

ETHUSD (Kraken)

Positive signs for buyers can be spotted in ETH as well. A series of higher lows and higher highs + a bullish parabolic structure might suggest more gains are due during the upcoming weeks. There have been several pullbacks along the way, providing buyers with opportunities to enter at more affordable prices. 

We think the structure will be in play as long as the price doesn’t break below $1,860. Above that level, we remain bullish and expect Ether to head towards $2,150 and the 4h chart 200 SMA. Clearing that area will mean $2,300 and a longer-term bearish trend will be the next resistance levels to watch.

The market retraced impulsively since 2025 kicked in, so a bounce off the lows should be expected. Same as with BTC, we don’t know how much it will last, but for now, the sentiment continues to improve. 

TRXUSD (Bitfinex)

Tron found support close to the daily 200 SMA and is now attempting a break above a short-term bearish trend line. Although selling interest shows up there, it is not enough to erase all the gains seen last week, at least for now. 

With that being said, we think 22.5 cents acts as a key support area, and dips into it should be met with new bullish flows. Once TRX clears 24 cents it will be a bullish sign for us and will suggest a larger extension higher into 27 cents should follow. 

This market has been consolidating lower since December, but this consolidation follows an impulsive move higher. In the long term, the bullish trend continues to be intact, which is why we expect a recovery during the next few days and months. 

TRX should continue lower and break below 21 cents to negate our bullish view. That hasn’t happened yet, so we’ll stick with the upside until the market points the other way around.