Visa announced on Monday that it has launched a pilot program with Crypto.com to allow partners to settle cash by sending a stable currency (USDC) in US dollars (USDC) to the Visa Ethereum address in Anchorage’s digital bank. This move from Visa shows that older financial companies are increasingly relying on cryptocurrencies.
Mergers and cryptocurrency acquisitions increased to $ 1.1 billion in 2020, up from $ 481 million in 2019, according to a PricewaterhouseCoopers report evaluated by Bloomberg. As large investors emerge, the growth of these agreements is likely to exceed 2020 in all respects. And institutions. Players according to the global crypto leader of PwC Henry Arslanyan.
Many investors who have previously criticized cryptocurrencies are gradually closing down. The last to join was the Norwegian billionaire investor Oystein Stray Spetalen, who switched from Bitcoin (BTC) to a cryptocurrency user within a month. Spetalen recently announced that they have joined the board of MiraiEx, Norway’s largest national cryptocurrency exchange, and have also acquired an unknown amount of bitcoins.
The arrival of new investors increased demand, while seating with real estate reduced supply. Can this lead to a resumption of the trend? Let’s break down the maps of the top 10 cryptocurrencies to find out.
BTC / USDT
Bitcoin has broken through the line of resistance to the downward channel. If the bulls manage to keep the price across the channel, it will increase the chances of testing full time to $ 61,825.84.
The 20-day exponential moving average ($ 55,090) is starting to rise and the Relative Strength Index (RSI) is above 59, indicating a bullish advantage. A break and close above $ 61825.84 can open the door for gains to $ 69,279 and then to $ 79,566.
However, it is unlikely that the bears will give up so easily. They are potentially a serious issue at $ 61,825.84. If BTC / USD falls from this level but remains above the 20-day moving average, it will indicate that sentiment remains bullish when traders buy in downturns.
A break below the 50-day SMA ($ 52,376) will be the first sign of a bearish return.
ETH / USDT
Ether (ETH) continues to act within a symmetrical triangle, which usually acts as a continuation pattern. Today, the bulls have pushed the price above the moving average, which indicates strong purchases at lower levels.
Buyers will now try to push the price across the downward line of the triangle. If successful, the ETH / USD could rise to $ 2,040.77 and then to a target of $ 2,618.14.
On the contrary, if the price drops from the downward line, the couple can extend their stay in the triangle for several more days.
The indicators give a mixed signal. While the flat moving average indicates several days of movement within the area of the triangle, an RSI above 57 indicates that momentum gains strength in favor of the bulls.
BNB / USDT
On March 27, the bulls pushed the Binance coin (BNB) over the downtrend line. The 20-day moving average ($ 256) is starting to rise, and the RSI is in positive territory, indicating that the bulls are trying to gain the upper hand.
Less resistance is at $ 280, but bulls are likely to push the price above that level. If they do, BNB / USD could accumulate to $ 309.50 as the bears can provide fierce resistance. If the price falls from this resistance, the couple can spend several days consolidating.
Conversely, if the bulls manage to push the price above $ 309.50, the all-time high of $ 348.69 can be tested again. A break in this resistance will indicate a resumption of target uptrend of $ 430.
ADA / USDT
Cardano (ADA) continues to consolidate from $ 1.03 to $ 1.48. The bulls have kept the price above the 20-day moving average ($ 1.15) for the last 3 days, which is a positive sign.
Daily ADA / USDT chart. Source: TradingView
The 20-day moving average is gradually increasing, and the RSI indicator is in positive territory, indicating a slight advantage for buyers in the upward movement. If the bulls manage to push the price above $ 1.30, the ADA / USD pair could rise to $ 1.48.