The crypto market took a sharp turn downwards in the final days of March. Factors like President Trump’s newly announced tariffs set to kick in on April 2nd, combined with robust core PCE data, sent the market into a noticeable dip. As March wraps up, it appears the cryptocurrency market is heading for a bearish close, making it the second month in a row of downward trends. This leaves traders in a tense position as they look ahead to the coming week, anxiously waiting to see if the market can bounce back from these lows, or if April will bring further declines.

Bitcoin and Altcoin Market Declined Strongly

March was a tough month for crypto, witnessing a significant downturn where the total market value decreased by 4.3%, falling from $2.79 trillion to $2.67 trillion. Bitcoin wasn’t immune to this trend, also experiencing a 4.4% drop in its value during the same period.

Also read: Bitcoin Nears Worst Q1 Close Since 2018: Will Bearish Metrics Push BTC Price Below $80K?

Ethereum, the leading altcoin, really felt the pressure, with its price dramatically plunging by 21% in March. There was a glimmer of hope for a rebound in the third week when news broke of the Ripple vs. SEC case dismissal. However, despite this positive development, XRP struggled to gain traction and ultimately ended the month on a negative trajectory.

Bitcoin Price Prediction

Bitcoin recently slipped below the EMA20 level, causing its price to fall to around $81,644. Now, buyers are trying to rally and push the price back up towards that ascending resistance channel.

On the other hand, sellers are aiming to keep the price pinned below that crucial $83,000 support level. If they succeed, we could see Bitcoin slide further to $81,000 in the coming week, and potentially even dip down to $80,000. However, it’s expected that buyers will put up a strong defense to hold the price within the $76,700 to $80,000 zone.

For a positive sign, the price needs to climb and firmly establish itself within the resistance area. If Bitcoin can close above the 50-day simple moving average at $86,000, it could spark a recovery towards $90,000. And if buying interest continues to build, we might even see a push towards $95,000 in April.

Ethereum Price Prediction

Ethereum recently faced rejection at the EMA20 level and is currently testing its immediate support line. Sellers are trying to drive the ETH/USDT pair down towards the $1,772 support zone.

However, buyers are anticipated to defend this level strongly, as falling below it could trigger a continuation of the downward trend, potentially dragging the price as low as $1.5K.

To signal a shift in the market’s direction, buyers need to push the price above the descending resistance line. Successfully doing so could propel Ether towards $2,109, potentially setting the stage for a bullish April with a possible target of $2.5K.

XRP Price Prediction

XRP is currently experiencing heightened volatility just below the EMA20 trend line, with neither buyers nor sellers managing to establish clear dominance around the $2 mark.

Sellers are trying to push the price down to the $2 support level, but buyers are expected to defend it with force. A break below $2 would create a bearish head-and-shoulders pattern, potentially sending the XRP/USDT pair tumbling down to $1.8—a level that might not hold for long, possibly leading to further drops towards $1.3.

On the flip side, if XRP can stage a solid rebound from the $2 support, it could remain within a triangular pattern for a while. A successful defense here could empower buyers to drive the price above $2.5.