Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

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

) above the downtrend line may have attracted profit booking by the short-term bulls.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThe bears are trying to sink the AVAX/USDT pair below the 20-day EMA ($18.98). If they manage to do that, the pair could descend to the $15.27 support. Buyers are expected to vigorously defend the $15.27 level because a break below it may start the next leg of the downtrend to $14 and then $12.The first sign of strength will be a break and close above the downtrend line. That opens the doors for a rally to $23.50. If buyers overcome this barrier, the pair will complete a double-bottom pattern with a target objective of $31.73.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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