Bitcoin is maintaining stability around the $87,000 mark as market sentiment remains cautious ahead of President Donald Trump’s proposed auto tariffs. The broader crypto market is witnessing mixed movements, with Cardano aiming for gains, XRP facing resistance, and Dogecoin breaking key trendlines. Investors are closely monitoring the potential impact of U.S. trade policies, set to take effect on April 2, which could influence global financial markets.

KEY HIGHLIGHTS 

• Bitcoin Holds Steady at $87K Amid Trade Tariff Concerns.
• Cardano Eyes Gains as Bullish Bets Fuel Market Optimism.
• XRP Faces Resistance at $2.50, Risks Further Downturn.
• Dogecoin Breaks Trendline, Signals Possible Bullish Momentum Ahead.

Markets in Focus Today – Bitcoin (BTC)

Bitcoin Holds Firm as Investors Brace for U.S. Trade Measures

Bitcoin’s price remains relatively unchanged amid growing concerns over Trump’s proposed 25% tariff on automobile imports. The policy aims to bolster domestic car manufacturing but has raised fears of a global trade war. This uncertainty is causing a risk-off sentiment across financial markets, affecting Bitcoin and altcoins alike.

Bitcoin Technical Overview

Moving Averages:

• Exponential:
• MA 10: 86071.5653 | Positive Crossover | Bullish
• MA 20: 85999.3276 | Positive Crossover | Bullish
• MA 50: 88853.2657 | Negative Crossover | Bearish
• Simple:
• MA 10: 85717.5330 | Positive Crossover | Bullish
• MA 20: 84280.9140 | Positive Crossover | Bullish
• MA 50: 89620.6022 | Negative Crossover | Bearish

Indicators:

• RSI (Relative Strength Index): 52.1480 | Buy Zone | Bullish
• Stochastic Oscillator: 82.3471 | Neutral

Resistance and Support Levels:

• R1: 97,945.1330 | R2: 103,787.4570
• S1: 79,031.8470 | S2: 73,189.5230

Market Direction: Buy Trade Suggestion:

• Limit Buy: 86920
• Take Profit: 89680
• Stop Loss: 85423

Cardano (ADA) Poised for Gains as Bullish Sentiment Rises

Cardano (ADA) is trading around $0.74, recovering over 4% this week. On-chain data suggests increasing bullish momentum, with stablecoin inflows supporting growth. If ADA breaks past key resistance at $0.77, a potential 13% rally toward $0.83 could follow.

Cardano Technical Overview

Moving Averages:

• Exponential:
• MA 10: 0.7298 | Positive Crossover | Bullish
• MA 20: 0.7381 | Positive Crossover | Bullish
• MA 50: 0.7733 | Negative Crossover | Bearish
• Simple:
• MA 10: 0.7231 | Positive Crossover | Bullish
• MA 20: 0.7250 | Positive Crossover | Bullish
• MA 50: 0.7557 | Negative Crossover | Bearish

Indicators:

• RSI: 49.4149 | Buy Zone | Bullish
• Stochastic Oscillator: 63.4493 | Buy Zone | Neutral

Resistance and Support Levels:

• R1: 0.8707 | R2: 0.9757
• S1: 0.5307 | S2: 0.4257

Market Direction: Buy Trade Suggestion:

• Limit Buy: 0.720
• Take Profit: 0.792
• Stop Loss: 0.695

XRP Faces Rejection at Key Resistance

Ripple (XRP) is struggling to break above $2.50, facing rejection at a critical resistance level. A drop below $2.42 could push XRP toward key support at $2.35 and potentially $2.32. A decisive break below these levels may lead to a stronger decline.

XRP Technical Overview

Moving Averages:

• Exponential:
• MA 10: 2.3910 | Negative Crossover | Bearish
• MA 20: 2.3856 | Negative Crossover | Bearish
• MA 50: 2.4254 | Negative Crossover | Bearish
• Simple:
• MA 10: 2.4087 | Negative Crossover | Bearish
• MA 20: 2.3311 | Positive Crossover | Bullish
• MA 50: 2.4250 | Negative Crossover | Bearish

Indicators:

• RSI: 48.9192 | Neutral Zone | Neutral
• Stochastic Oscillator: 48.3445 | Neutral Zone | Neutral

Resistance and Support Levels:

• R1: 2.8249 | R2: 3.1263
• S1: 1.8491 | S2: 1.5477

Market Direction: Sell Trade Suggestion:

• Limit Sell: 2.42
• Take Profit: 2.22
• Stop Loss: 2.56

Dogecoin (DOGE) Gains Momentum with Trendline Breakout

Dogecoin (DOGE) surged 4.7% earlier this week, signaling a shift from bearish to bullish momentum. DOGE has broken above a three-month descending trendline, with $0.20 acting as a key support and resistance level. A sustained break above this level could trigger further gains.

Dogecoin Technical Overview

Moving Averages:

• Exponential:
• MA 10: 0.1832 | Positive Crossover | Bullish
• MA 20: 0.1846 | Positive Crossover | Bullish
• MA 50: 0.2139 | Negative Crossover | Bearish
• Simple:
• MA 10: 0.1787 | Positive Crossover | Bullish
• MA 20: 0.1746 | Positive Crossover | Bullish
• MA 50: 0.2113 | Negative Crossover | Bearish

Indicators:

• RSI: 53.3524 | Buy Zone | Bullish
• Stochastic Oscillator: 81.6954 | Buy Zone | Neutral

Resistance and Support Levels:

• R1: 0.2959 | R2: 0.3315
• S1: 0.1809 | S2: 0.1453

Market Direction: Buy Trade Suggestion:

• Limit Buy: 0.186
• Take Profit: 0.239
• Stop Loss: 0.161

Elsewhere in the Crypto Market

• Bitcoin: +0.36% at $87,210
• Ethereum: +0.8% at $2,025.72
• Litecoin: +2.23% at $94.48
• Solana: +0.11% at $137.54
• Dogecoin: +0.21% at $0.19

Key Economic Events Today:

• U.S. President Trump Speaks: 06:30 (USD)
• GDP (QoQ) Q4: Forecast 2.3%, Previous 3.1% at 18:00 (USD)
• Initial Jobless Claims: Forecast 225K, Previous 223K at 18:00 (USD)