Bitcoin, Zilliqa, and Dogecoin Market Analysis from the past week.

On weekly and daily time frames Bitcoin price today looks really bullish, having pushed up from the $40k support all the way through the $45k resistance level. What's particularly positive is that at the current resistance Bitcoin USD broke straight through and above this level, making a break and retest scenario quite likely and ideal. We can also notice how both the 20EMA and 50EMA levels coincide with the lower bound of the current resistance level and how bitcoin price action moved straight ahead of these levels, another really positive sign. We can now expect the Bitcoin price to move even further and target the $52k resistance as the next key area. It's still not clear if we will see a direct move or a break and retest, meaning the price falls back on the support level before bouncing further upwards.

On the 4h timeframe, we can see a clear bullish move, with Bitcoin today continuing the trend it has been following for the last few weeks of moving upwards, and then gradually adjusting by bouncing on the 20EMA, and occasionally on the 50EMA. This is a signal of a strong upwards move that can also be sustained as there are bounced along the way. Recently prices have retraced and bounced only on the 20EMA, so it wouldn't be unusual to see a further correction with prices dropping to the 50EMA. This would coincide with the resistance now turned support around $45k and would highlight the possibility of a break and retest. If this occurs, entering with long positions on the move would be a great positioning for low-risk profitable trades.

Bitcoin prediction would suggest a continuation of this bullish move that as the weeks go by is starting to look like a reversal in the market trend from bearish to bullish. As previously suggested, a break and retest would be the ideal scenario, however, as long as bitcoin remains above the $45k support level, it is likely to see the trend continue and other coins, such as Ethereum, move upwards as well.

On the monthly time frame, and similarly, on the daily, we can see the overall declining trend on the Zilliqa coin, with prices breaking below the significant support level of $0.06 in early 2022. This seemed quite catastrophic as levels as low as $0.035 were reached, prices that haven't been touched since early 2021. However, the coin did not seem to stay at this level for long and just a few days later a huge price spike saw the coin rise all the way to its 20EMA and 50EMA levels, around the $0.07 resistance level. This looked like a strong and significant level, however, prices skyrocketed through it and broke also the next two resistance levels, and reached a price level above $0.16.This is such a bullish trend for traders and investors of this coin, making it one of the hottest coins of the past month.

On the 4h time frame and other short-term frames, it's hard to determine what the next move might be. All these time frames look really bullish, as the coin has moved exponentially upwards over the last few days. We could observe a sort of bullish pennant around the $0.11 resistance level, but this only lasted a few days and prices are now 2 resistances above that said level. It's unclear if the move will continue to push upwards towards the next resistance level or whether we will see a short-term retracement. With moves so sporadic and immediate it's really hard to predict the short-term movements of these coins. For anyone holding this coin it might be a good idea to slowly take profit and deleverage its position, however, for people that do not have open active trades, this current moment poses too much risk to trade either way as it's really unpredictable what the price action of this coin might do.

Zilliqa prediction is still looking really bullish in the long term with the push making the trend bullish once again. However, it's hard to determine the next moves in the short term, as sharp and quick upwards moves are usually followed by a retracement of some sort. If Zilliqa prices manage to remain above the $0.14 support level it's likely to see a continuation of this trend and see prices push towards the next resistance level at $0.175 or even towards new all-time highs.

Dogecoin is continuing its downwards trend, after breaking below a significant support level in early 2022 and struggling to gain any significant momentum to move back above it. DOGE saw a major spike in its price last year, mainly fueled by Elon Musk tweets and the growing popularity online for the meme coin. After Musk tweets where he alleged that he had several holdings of DOGE, and where he said that the company of which he is CEO, Tesla, would accept Dogecoin as a payment currency, the coin rose by hundreds of percentages and reached an all-time high of nearly $0.75. However, following this move prices retraced and crashed by over 76% dropping as low as below $0.17 and subsequently closer to $0.10 in the months following. After the initial drop, we can see the Dogecoin price bouncing between the lower support and the resistance level around $0.27, breaking these levels but subsequently coming back between the range.

On the weekly and daily time frames, we can see the continuation of this downward trend, where the price is still trying to regain some of the key levels in order to reverse the trend. After reaching the local low of $0.11 DOGE has slightly bounced and is headed for the $0.15 resistance level. This is a key level for the trend to reverse, as it also coincides with the 20EMA and 50EMA, key moving averages levels to regain in order for the crypto to move back towards upwards resistances.