Bitcoin price keeps consolidating on Friday as the investor focus shifts to other digital assets. Bitcoin Cash (BCH, WIF, and TIA are leading the gains as the Total3 market capitalization shows a 0.36% uptick. The altcoin market cap, excluding Bitcoin and Ethereum, is $762.8 billion at press time.
The ongoing consolidation in BTC seems to be very healthy, as the bulls are holding the price above the 2021 peak of $69,000. As long as this level holds, the path of least resistance appears to be toward the upside. Many analysts expect Bitcoin to breach the $90,000 mark before next month's halving. The only hurdle in realizing this prediction is the supply zone above $73,000.
Crypto markets have managed to remain green despite a lot of negative news this week. The US DOJ's charges against Kucoin and the court's ruling in favor of the SEC showcase the regulatory uncertainty around digital assets. Nevertheless, most of the altcoins have shrugged off this week's bearish developments while maintaining their uptrend.
Just like Bitcoin, the Bitcoin Cash network is also set to undergo halving soon. BCH halving will be occurring on April 4, two weeks before Bitcoin halving. Considering this much-anticipated event, which will cut the emission of new coins in half, Bitcoin Cash price is experiencing a very strong buy pressure.
However, after a 30% surge this week, the BCH/USD pair is exhibiting bearish divergences on RSI and MFI indicators. While this points toward a pullback in the near future, there is still a strong likelihood that the price will retest the supply zone above $737 in the coming days.
Another altcoin that has caught the investor's attention is Celestia's native asset, TIA. After six consecutive weeks of downtrend, it is up 11.94% this week. On Friday, TIA crypto extended its gains by another 7.83% and changed hands at $15.29 just before the start of the New York trading session.
The following chart shows that TIA/USD is currently attempting to break above the $15.15 resistance on the 4H timeframe. A success could send it toward the next resistance level of $17.82, which would be the final hurdle before the significant $20 mark.
The never-ending bull run of the Dogwifhat continues. On Friday, it soared to a new all-time high of $4.04. This phenomenal surge also swelled the market capitalization of the popular memecoin to a staggering $3.96 billion. If the $3.46 level becomes support, more upside is likely in the coming days.
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