Bitcoin surged past the $94,000 mark this week, buoyed by optimism surrounding potential easing of U.S.-China trade tensions. While investor caution continues to linger, major cryptocurrencies such as Ethereum, XRP, and Solana have shown notable resilience. Key technical levels are now in focus as the market anticipates further developments in global trade policy.
KEY HIGHLIGHTS
- Bitcoin Hits $94K on Trump Trade Optimism, Eyes Weekly Gains
- Ethereum Faces Resistance at $1,861, Bulls Seek Fresh Breakout
- XRP Approaches $2.23 Resistance, Eyes Breakout Toward $3.00
- Solana Holds Above $150, Targets Breakout Beyond $155 Resistance
Markets in Focus Today
Bitcoin (BTC) – Climbs to $94K, Poised for Weekly Gain Amid Trump Trade Talk Optimism
Bitcoin extended its rally on Friday, holding strong above the $94,000 level, supported by midweek momentum after reports suggested U.S. President Donald Trump might adopt a softer stance on trade tariffs. Despite continued uncertainty surrounding trade negotiations, Bitcoin is on track for a weekly gain of nearly 10%, marking its highest level since early March.
Key Highlights:
- Midweek rally pushed BTC above $94,000 on Wednesday.
- Weekly gain on track to exceed 10%.
- Investor caution remains due to conflicting trade headlines.
- Bloomberg report suggests China may ease tariffs on select U.S. goods.
- Altcoins maintain strength amid positive global sentiment.
Technical Overview
Moving Averages
Exponential:
- MA 10: 89,843.27 | Bullish
- MA 20: 87,354.93 | Bullish
- MA 50: 86,671.14 | Bullish
Simple:
- MA 10: 88,674.80 | Bullish
- MA 20: 85,176.85 | Bullish
- MA 50: 84,517.33 | Bullish
Indicators
- RSI: 68.77 – Buy Zone | Bullish
- Stochastic Oscillator: 95.95 – Buy Zone | Neutral
Support and Resistance Levels
- Resistance: R1 – 92,792.63 | R2 – 97,475.47
- Support: S1 – 77,632.94 | S2 – 72,950.11
Trade Suggestion
- Limit Buy: 89,858
- Take Profit: 98,271
- Stop Loss: 85,772
Ethereum (ETH) – Testing Resistance Near $1,861
Ethereum faces resistance at the $1,861 level after an 11.19% surge earlier in the week. A breakout above this level could set the stage for a fresh rally, while failure to hold above $1,700 may indicate potential downside.
Key Highlights:
- ETH rallied above $1,700, peaking at $1,834 midweek.
- Strong resistance at $1,861 has led to a mild pullback.
- Current price action hovers near $1,785.
Technical Overview
Moving Averages
Exponential:
- MA 10: 1,698.42 | Bullish
- MA 20: 1,695.02 | Bullish
- MA 50: 1,873.62 | Bearish
Simple:
- MA 10: 1,663.39 | Bullish
- MA 20: 1,622.40 | Bullish
- MA 50: 1,812.74 | Bearish
Indicators
- RSI: 54.74 – Buy Zone | Bullish
- Stochastic Oscillator: 84.54 – Buy Zone | Neutral
Support and Resistance Levels
- Resistance: R1 – 2,343.13 | R2 – 2,528.84
- Support: S1 – 1,741.93 | S2 – 1,556.21
Trade Suggestion
- Limit Buy: 1,709.50
- Take Profit: 1,861.60
- Stop Loss: 1,635.00
Ripple (XRP) – Approaching $2.23 Resistance
Ripple is consolidating just below its key resistance at $2.23. A strong close above this level could trigger a bullish breakout toward the $2.50 level and potentially higher.
Key Highlights:
- XRP trading near $2.19, slightly below resistance.
- $2.23 level aligns with 50-day EMA.
- Bullish momentum may continue if $2.23 is breached.
Technical Overview
Moving Averages
Exponential:
- MA 10: 2.1487 | Bullish
- MA 20: 2.1311 | Bullish
- MA 50: 2.1989 | Bearish
Simple:
- MA 10: 2.1294 | Bullish
- MA 20: 2.0717 | Bullish
- MA 50: 2.1896 | Bullish
Indicators
- RSI: 54.42 – Buy Zone | Bullish
- Stochastic Oscillator: 72.58 – Buy Zone | Neutral
Support and Resistance Levels
- Resistance: R1 – 2.7609 | R2 – 3.0230
- Support: S1 – 1.9121 | S2 – 1.6500
Trade Suggestion
- Limit Buy: 2.17
- Take Profit: 2.30
- Stop Loss: 2.11
Solana (SOL) – Holding Strong Above $150
Solana has successfully rebounded from its $132 support and is now consolidating near the $155 resistance zone. A breakout here could drive prices higher, aligning with recent bullish moves in major cryptocurrencies.
Key Highlights:
- SOL bounced from $132, tested $154.55.
- Current price action consolidating near $155.
- Failure to break resistance could invite a pullback.
Technical Overview
Moving Averages
Exponential:
- MA 10: 130.45 | Bullish
- MA 20: 129.00 | Bullish
- MA 50: 153.27 | Bearish
Simple:
- MA 10: 136.78 | Bullish
- MA 20: 138.35 | Bullish
- MA 50: 152.41 | Bearish
Indicators
- RSI: 66.65 – Buy Zone | Bullish
- Stochastic Oscillator: 13.00 – Sell Zone | Neutral
Support and Resistance Levels
- Resistance: R1 – 169.94 | R2 – 204.41
- Support: S1 – 144.77 | S2 – 116.61
Trade Suggestion
- Limit Buy: 146.86
- Take Profit: 167.76
- Stop Loss: 136.92
Elsewhere in the Crypto Market
- Bitcoin (BTC): Up 0.95% at 94,915
- Ethereum (ETH): Up 1.63% at 1,798.48
- Litecoin (LTC): Up 2.48% at 86.40
- Solana (SOL): Up 3.13% at 156.10
- Dogecoin (DOGE): Up 1.17% at 0.184
Key Economic Events & Data Releases – April 11, 2025
- GBP Core Retail Sales (YoY) – March
Forecast: 2.2% | Previous: 2.2% | Release: 11:30 - GBP Retail Sales (YoY) – March
Forecast: 1.8% | Previous: 2.2% | Release: 11:30 - CAD Core Retail Sales (MoM) – February
Forecast: -0.1% | Previous: 0.2% | Release: 18:00 - CAD Retail Sales (MoM) – February
Forecast: -0.4% | Previous: -0.6% | Release: 18:00