Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season

">">Bitcoin (https://cointelegraph.com/bitcoin-price

) broke above the 20-day EMA ($4.31) on March 15, indicating that the selling pressure is reducing.ATOM/USDT daily chart. Source: Cointelegraph/TradingViewThe RSI has formed a positive divergence, suggesting that the bearish momentum is weakening. The 50-day SMA ($4.73) could act as resistance but is likely to be crossed. A close above $5.15 could open the doors for a rally to $6.50.The 20-day EMA is the crucial support to watch out for on the downside. If this support gives way, it will signal that the bears remain sellers on rallies. That could sink the ATOM/USDT pair to $3.50. ATOM/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair started a pullback in the near term, which could reach the 20-EMA. If the price turns up from the 20-EMA, it will signal a positive sentiment where the bulls are buying on dips. That increases the likelihood of a break above $5.15. If that happens, the pair may surge to $5.50 and then to $6.50.This positive view will be invalidated in the near term if the price breaks below the 20-EMA. That could sink the pair to the 50-SMA and later to $3.80.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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