Bitcoin

After successfully breaking the $28,000 psychological level, Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) has paused its uptrend, but several <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> analysts have identified certain <a href="https://finbold.com/guide/chart-patterns/" rel="noopener noreferrer nofollow">chart patterns</a> indicating that the decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset was in for a <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> rally in the near future.One of them is the popular <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> analyst Moustache, who has noticed that Bitcoin recently had “another weekly close over the sampling period in the Gaussian Channel,” interpreting this as a “good sign,” as he explained in a <a href="https://twitter.com/el_crypto_prof/status/1642828602524704769" rel="noopener noreferrer nofollow">tweet</a> published on April 3.As the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a> expert further clarified, <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> looks to be forming “<a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">support</a> to break the next target from here,” advising patience while the price consolidates and expressing his opinion that $30,000 or more was “only a matter of time.”<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c6ef8bc0d3e84d78bf449dc76510effb.jpg" />Bitcoin price action analysis. Source: <a href="https://twitter.com/el_crypto_prof/status/1642828602524704769" rel="noopener noreferrer nofollow">Moustache</a><h2 id="header-0">Crypto analysts agree</h2>The crypto expert’s attitude is shared by other analysts, including CryptoYoddha, who has <a href="https://twitter.com/CryptoYoddha/status/1642786529939542016" rel="noopener noreferrer nofollow">shared</a> a bullish chart analysis, demonstrating Bitcoin’s past movements and future predictions, looking at the $30,000 area by the end of April, continuing to $37,000 in May and further toward $57,000 as the year’s end approaches, interrupted by several plunges.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/83bd78a1bae949da931670a995de97f7.png" />Bitcoin price analysis and prediction. Source: <a href="https://twitter.com/CryptoYoddha/status/1642786529939542016" rel="noopener noreferrer nofollow">CryptoYoddha</a>On top of that, popular crypto commentator Rekt Capital has <a href="https://twitter.com/rektcapital/status/1642801687990620162/photo/1" rel="noopener noreferrer nofollow">observed</a> similarities between Bitcoin’s current price action and that from 2019, which was followed by several long green candles, leading to a $7,500 price increase. If BTC succeeds in doing the same this time around, $35,000 is likely. At the same time, Altcoin Sherpa has <a href="https://twitter.com/AltcoinSherpa/status/1642689008441360384" rel="noopener noreferrer nofollow">identified</a> a target for Bitcoin at $36,000.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/04aecf4a3e5043b9a35b58db463e60e7.jpg" />Bitcoin price action since 2019. Source: <a href="https://twitter.com/rektcapital/status/1642801687990620162" rel="noopener noreferrer nofollow">Rekt Capital</a><h2 id="header-1">Bitcoin price analysis</h2>As things stand, the maiden digital asset is currently trading at the price of $28,276, which represents a decrease of 0.10% in the last 24 hours but still an increase of 0.81% over the previous week, in addition to the 26.42% gain across the past 30 days, according to the latest data retrieved on April 3.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2087dab5de5b4619a0ce24b3bf49dba1.png" />Bitcoin price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, crypto analyst Matthew Hyland <a href="https://finbold.com/bitcoin-to-face-a-new-ballgame-if-it-breaks-30k-resistance/" rel="noopener noreferrer nofollow">observed</a> on April 2 that $30,000 has acted as Bitcoin’s significant resistance and support level for the last two years, and if it managed to flip this position, it could mean a “whole new ballgame” for the <a href="https://finbold.com/bitcoin-becomes-the-best-performing-asset-class-in-q1-2023/" rel="noopener noreferrer nofollow">best-performing asset class in the first quarter of 2023</a>.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Bitcoin’s next target: $30,000 within reach as support forms

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