American technology shares in the NASDAQ compound of -6.96 % decreased for a 1m window that ends on April 18. But at the time, the price of Bitcoin has a profit a little less than 1 % for the month’s trading.
That is, 4 days after 4 days, mid -April dates back to a handle of $ 85,000 from the first bear test up to $ 75,000 since BTC rose to this last level last November on its way to $ 109,000 on January 20.
BTC cup and handle indicator
Meanwhile, the Bitcoin prices formed a bullish cup of encryption and eating the graph style on the 1m width. The cup was formed over 8 days from April 4 to April 12, with a long handle of 6 days until April 18.
Its peak in the trade volume of 24 hours was 98 billion dollars on April 7 in the middle of the cup and rejected less than 21 billion dollars by Friday, April 18th, as well as in many model markets.
18mo. Bitcoin support line
This upscale signal in the market and the handle occurred about a decisive turning point for the Bitcoin price along long -term trend lines.
The trend of the total market value is still higher and maintains a decisive level of support for #Crypto. pic.twitter.com/7uak2ihs54
– Michaël Van De Poppe (Cryptomichnl) April 16, 2025
The founder of MN Capital Michaël Van De Poppe published on Wednesday:
“The trend of the total market value is still higher and holds a decisive support level for #Crypto.”
The BTC market plan has displayed a declining correction of $ 109,000 since January, and is close to the long -term support line of Bitcoin since Q3 2023.
$ 150,000 BTC by October?
If the BTC markets repeat July’s performance until January a rally while staying over long -term support, then the price will be topped 150,000 dollars by October. This goal is in line with the expectations of other analysts.
UK Mega Bank Standard Chartered $ 200,000 Bitcoin is expected within 2025 and 500,000 dollars by 2029.
Motley Fool says that Motley Fool said that $ 200,000 in 2025 is “somewhat possible.”
Larry Fink of Blackrock says if something really crazy happens in the big hedge boxes, the markets may face $ 700,000.
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