Kaspa

Bull Flag

Show

April

when

<p>Analysts spot signs that an impending move could materialize soon for Bitcoin, with the upside favored. Veteran trader <strong>Crypto Rover</strong> <a href="https://twitter.com/rovercrc/status/1762025204707115294" target="_blank" rel="noopener noreferrer nofollow">notes</a> that Bitcoin’s trading volume has declined notably.</p>
<p>As many seasoned investors know, extended periods of narrow price action coupled with shrinking volume tend to precede violent breakouts.</p>
<p><strong>“Bitcoin Volume is dropping! Indicating that a gigantic move is imminent…” </strong>Rover commented. This coiling price behavior reflects tension building in the market until ultimately triggering a cathartic resolution.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="550" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-1024x550.png" alt="" class="wp-image-443920" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-1024x550.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-767x412.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-1536x825.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-2048x1100.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-279x150.png 279w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-652x350.png 652w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-966-788x423.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="key-support-holds-to-maintain-uptrend-intact">Key Support Holds To Maintain Uptrend Intact</h2>
<p>Adding credence to bulls’ hopes, Bitcoin successfully defended crucial price floors on its recent retest – preserving market structure intact.</p>
<p><a href="https://twitter.com/CryptoJelleNL/status/1762036089659724229" target="_blank" rel="noopener noreferrer nofollow"><strong>Jel</strong></a>le points out that despite revisiting the key support area, bears could not overwhelm demand around these levels. The swift dip-buying response signals that most investors remain undeterred, with eyes set firmly on recovery.</p>
<p><strong>“Bitcoin successfully retested the key support area over the weekend! The uptrend remains strong — I’ve got my eyes on $60,000 next,” </strong>Jelle tweeted.</p>
<p>With its technical posture still favoring the bulls, Jelle forecasts a march back toward Bitcoin’s former all-time highs once the consolidation resolves favorably.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="time-to-re-evaluate-market-sentiment-and-outlook">Time to Re-Evaluate Market Sentiment and Outlook</h2>
<p>For contrarian investors, moments like the current uncertainty offer ideal moments for recalibrating one’s thinking against the crowd.</p>
<p>Veteran <strong>Mags</strong> <a href="https://twitter.com/thescalpingpro/status/1762018449998422454" target="_blank" rel="noopener noreferrer nofollow">reminds</a> followers of Bitcoin’s sensational transformation from under $20,000 to over $50,000 at a time when macro gloom pervaded analyst commentary.</p>
<p>Where consensus impressions see only risk, the investor spots opportunity. Now, with sentiment still muted but fundamentals strengthening, the stage looks set for Bitcoin’s next parabolic ascent.</p>
<h2 class="wp-block-heading" id="new-higher-price-range-emerging">New Higher Price Range Emerging</h2>
<p>Tying this together, analytics resource <strong>CryptoCon</strong> examines Bitcoin’s technical patterns and finds evidence of marginally higher support forming. Specifically, CryptoCon <a href="https://twitter.com/CryptoCon_/status/1761801403289178539" target="_blank" rel="noopener noreferrer nofollow">suggests</a> $40,300 now marks the lower boundary of Bitcoin’s trading range based on the Supertrend.</p>
<p>With metrics aligning to support a breakout, informed traders have begun positioning for increased volatility and potential upside acceleration if Bitcoin awakens from its slumber. While short-term choppiness persists, bracing for a larger move edges closer to fruition.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="658" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-1024x658.png" alt="" class="wp-image-443928" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-1024x658.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-300x193.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-767x493.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-1536x987.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-2048x1316.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-233x150.png 233w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-545x350.png 545w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-967-788x506.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/jasmycoin-jasmy-bull-flag-breakout-finally-complete-price-must-now-break-these-levels-for-bullish-continuation/" target="_blank" rel="noopener noreferrer nofollow">JasmyCoin (JASMY) Bull Flag Breakout Finally Complete; Price Must Now Break These Levels for Bullish Continuation</a></li>
 <li><a href="https://captainaltcoin.com/kaspa-analyst-reveals-what-kas-will-be-worth-by-april-2024/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Analyst Reveals What KAS Will Be Worth by April 2024</a></li>
 <li><a href="https://captainaltcoin.com/why-binance-coin-bnb-influences-ethereum-eth-and-how-does-deestream-dst-make-20x-in-just-months/" target="_blank" rel="noopener noreferrer nofollow">Why Binance Coin (BNB) Influences Ethereum (ETH) and How Does DeeStream (DST) Make 20X in Just Months?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-volume-is-dropping-analyst-points-out-what-this-means-for-btc/" rel="noopener noreferrer nofollow">‘Bitcoin Volume Is Dropping’, Analyst Points Out What This Means For BTC</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

‘Bitcoin Volume Is Dropping’, Analyst Points Out What This Means For BTC

Table of Contents

CaptainAltcoin

Other articles published on Feb 26, 2024

Parcl Preps for Airdrop to Enhance Solana’s Real Estate Reach

World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024 (26 Feb)

MicroStrategy Announces Major Bitcoin (BTC) Purchase

XRP Price: Will XRP HIT $1?

Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

Solana’s origins tied to Bitcoin creator in founder’s tweet

Join our free newsletter for daily crypto updates!