Crypto Market Update (April 1): Bitcoin Dips Below $84K, EOS Leads the Rally! 

The cryptocurrency market witnessed a mix of red and green today as Bitcoin (BTC) dipped below the crucial $84,000 mark, while EOS emerged as the top gainer. Investors are closely watching market movements, and technical indicators suggest potential volatility ahead. Here’s a detailed breakdown of today’s crypto price action and analysis.

Bitcoin Price Analysis: BTC Dips Below $84K

Bitcoin experienced a slight correction, falling below $84,000 after reaching a high of $85,750 earlier this week. The drop is primarily due to increased selling pressure near resistance levels.

BTC Technical Analysis:

• Current Price: $83,500 (-2.3% in 24h)

• Support Levels: $82,000 and $80,500

• Resistance Levels: $85,000 and $87,500

• RSI (Relative Strength Index): 52 (indicating neutral sentiment)

• MACD (Moving Average Convergence Divergence): Slightly bearish, with a possible crossover if downward momentum continues

Despite the dip, Bitcoin remains in a bullish structure, and a rebound above $85,000 could confirm further upside potential.

EOS Becomes the Top Gainer

EOS surged over 15% in the last 24 hours, making it the biggest gainer among top altcoins. The price rally is attributed to strong technical momentum and recent network upgrades improving scalability and transaction efficiency.

EOS Technical Analysis:

• Current Price: $1.45 (+15.2% in 24h)

• Support Levels: $1.30 and $1.20

• Resistance Levels: $1.50 and $1.65

• RSI: 68 (approaching overbought zone)

• MACD: Strong bullish crossover indicating continued momentum

EOS's price movement suggests a potential breakout if it sustains above key resistance levels.

Market Sentiment and Key Trends

• Altcoins Show Strength: Many altcoins, including Solana (SOL) and Avalanche (AVAX), have shown resilience despite Bitcoin’s correction.

• Crypto Market Cap: The global crypto market cap stands at $2.45 trillion, showing a 0.8% increase in the past 24 hours.

• Ethereum (ETH): Trading around $4,500, consolidating near key resistance levels.

BuyUcoin’s Take on the Market

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