Bitcoin has extended its strong run this twelvemonth by a motility above the psychologically critical level of $x,000. The positive sentiment in Bitcoin is leading the crypto space higher. In 2022, most major altcoins accept been outperforming Bitcoin, which shows investor interest has picked up in them once over again.

However, the focus of the crypto industry remains on the forthcoming Bitcoin halving. Coinbase believes that the supply charge per unit reduction will further cement Bitcoin's position as digital gilt and it will human action every bit a rival to gold in the digital age.

American provider of investment information Weiss Ratings has also upgraded its rating for Bitcoin to A- due to "improving fundamentals and positive price action ahead of Bitcoin's next halving."

Crypto market data weekly view. Source: Coin360

Morgan Creek Digital co-founder & partner Anthony Pompliano believes that Bitcoin has started its journey towards his target objective of $100,000 by the finish of the Dec. 2022. BitMEX Co-Founder & CEO Arthur Hayes is also bullish only he wants a measured movement up. He tweeted: "Tiresome and steady wins the race. Allow'southward take the staircase up to #bitcoin $20k."

With bullish voices all around, do the technicals of the elevation performers also point to a further rally? Permit's analyze the charts to find out.

XTZ/USD

Tezos (XTZ) is the height performer of this week with a rally of above 40%. The altcoin has been an outperformer in 2022 as it has rallied virtually 77% yr-to-date. Tin it build on its momentum? Let's study its chart.

XTZ USD daily chart. Source: Tradingview

The XTZ/USD pair recently completed the breakout of an ascending triangle blueprint. This setup has a minimum target objective of $iii.35. However, nosotros anticipate the up motility to face resistance at $2.fifty and above it $2.ninety.

Due to the precipitous rally of the past two weeks, the RSI has entered into the overbought zone, which points to a possible consolidation or a minor correction in the next few days.

Usually, after the breakout of a pattern, it is seen that the price retests the breakout levels. In this case, a retest of $1.85 is possible. If this retest holds and the toll bounces off it, a low-risk buying opportunity opens up. Our positive view will be invalidated if the bears sink and sustain the toll below $1.85.

BNB/USD

Binance Coin (BNB) has made an entry into the superlative performers' list subsequently a long time. Several fundamental events this calendar week received a thumbs up from the traders. Binance launched futures trading for Zcash (ZEC) and BNB this calendar week.

The exchange added support for the Russian ruble, which allows the users to brand the purchases using their Visa banking card. Binance hired Iskander Malikov, former chief operating officeholder at TradingView, as the new managing director of fiat to heave its fiat-to-crypto gateways.

The market participants also seem excited about a new product chosen Binance Cloud that is expected to exist unveiled in the side by side few days. Can these developments boost prices? Allow'southward study the chart.

BNB USD weekly chart. Source: Tradingview

The sharp up motility of this week scaled to a higher place the overhead resistance at $18.50 and $21.80. This shows that the BNB/USD pair has picked up momentum. The price has reached $23.5213, which is likely to act equally a stiff resistance.

If the price turns downwards from the current levels just does not surrender much footing, it will increase the possibility of a breakout above $23.5213. A breakout in a higher place this level is likely to offset a new uptrend. The kickoff level to scout on the upside is $32 and in a higher place information technology a retest of the lifetime highs is possible.

However, if the price reverses direction from the current levels and sinks beneath $20, the pair might extend its stay inside the $xviii.50 to $23.5213 range for a few more days.

BSV/USD

Bitcoin SV (BSV) completed a scheduled upgrade named Genesis, which has removed the default hard cap for cake sizes. At present, it is up to the miners to manage the consensus of block size and transaction capacity on the network.

Similar to the positive rumblings about the forthcoming Bitcoin halving, BSV'southward price is as well showing a positive movement before its upcoming halving in April.

BSV USD daily chart. Source: Tradingview

After ii weeks of consolidation, the bulls are attempting to resume the uptrend. This shows that the dip from $458.74 to $244.34 did not scare away investors. The buyers purchased the retest of the breakout level of $255.62, which was its previous high.

Though the price broke above the overhead resistance at $337.lxxx this calendar week, the bulls are struggling to sustain the college levels. This shows that some investors who are stuck at college levels are offloading their positions.

If the price stays beneath $337.lxxx, the BSV/USD pair might remain range-bound for a few more weeks. Still, if the bulls tin sustain the price above $337.fourscore, a rally to the lifetime highs at $458.74 is possible. The RSI remains in the overbought zone, which warrants circumspection.

ETH/USD

Ether (ETH) rallied about 17% in the by seven days and turned out as the fourth-best performer. In an Ask Me Annihilation session, Danny Ryan from Ethereum Foundation said that he expects Ethereum ii.0 — Stage 0 to "launch past July xxx, 2022 (the 5th anniversary of Ethereum i.0)."

Tin can the price action remain bullish leading up to the transition from proof of piece of work to proof of stake? Let's study the charts to notice out.

ETH USD daily chart. Source: Tradingview

The upwards move in the ETH/USD pair picked up momentum this week and broke above the resistance at $197.75. We anticipate the bears to mount a potent defence force at $235.70. If the price turns downwardly from this level, information technology might remain range-leap between $235.70 and $197.75 for a few days.

Nonetheless, if the bulls succeed in breaking and sustaining the price above $235.70, the pair is likely to rally to the $318.238 to $366 resistance zone as there is no pregnant roadblock in between.

On the downside, the bulls will concord the advantage as long as the price remains above $197.75. A intermission below this level volition turn the trend in favor of the bears.

LINK/USD

Chainlink (LINK) rounded up the top 5 performers with a move of about 15% in the by seven days. Does its chart project a further move higher? Permit'due south see.

LINK USD daily chart. Source: Tradingview

The LINK/USD pair has broken out of the large range information technology had been stuck in for the past few months. This shows that the bulls have overpowered the bears and they proceed to buy at higher levels.

The target objective of the breakout of the range is $4.5, which is only below the lifetime high at $four.5826. We anticipate the bears to defend the lifetime highs aggressively.

Our bullish view will be invalidated if the bulls fail to sustain the cost above $iii and the price dips dorsum beneath information technology. In such a case, the pair might extend its consolidation for a few more weeks.

The views and opinions expressed here are solely those of the author and do not necessarily reverberate the views of Cointelegraph. Every investment and trading motility involves adventure, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.