Satoshi

Bitcoin

Resistance

April

Coin

<p>Bitcoin has regained its position above the $60,000 mark, and this upward movement has sparked conversations about the possibility of Bitcoin surpassing the $65,000 resistance level soon.&nbsp;</p>
<p>YG Crypto, a cryptocurrency analyst, also recognizes this bullish trajectory, and he views it as a significant signal for bullish traders. His tweet highlighted this shift: <em>“BITCOIN Back in the Black: #BULLISH Signal for Crypto #Bitcoin bulls rejoice!</em>” This change in market sentiment marks a departure from the previously observed bearish trends, suggesting a potential rise to $70,000 in May.</p>
<h2 class="wp-block-heading" id="strong-technical-indicators-and-market-trends-strong"><strong>Technical Indicators and Market Trends</strong></h2>
<p><a href="https://captainaltcoin.com/why-is-ampera-amp-price-up-by-22-amidst-bitcoins-plunge-below-62000/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price</a> movement has been fluctuating from early March to late April, with YG Crypto’s analysis showcasing a notable descent to a low near $55,500 before rebounding. A descending triangle pattern was prominent, typically indicating bearish momentum.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-1024x446.png" alt="" class="wp-image-486542" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-1024x446.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-767x334.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-1536x669.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-2048x892.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-344x150.png 344w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-803x350.png 803w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115-788x343.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-115.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>However, late April witnessed a breakout above this pattern’s upper descending trend line, suggesting a bullish reversal might be on the horizon. Moreover, the breakout was supported by a significant increase in trading volume, adding credibility to the potential for continued upward movement.</p>
<p>This breakout suggests that Bitcoin could be gearing up to test previously established resistance levels around $67,500 and possibly extend to $72,500. However, traders should remain vigilant. Subsequent price movements will be crucial in confirming whether this trend has the momentum to sustain itself. Additionally, any fallback below the breakout level could invalidate the bullish forecast and reinstate <a href="https://captainaltcoin.com/?s=bearish+trends&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">bearish trends</a>.</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">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </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><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></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="strong-a-cautious-optimism-prevails-strong"><strong>A Cautious Optimism Prevails</strong></h2>
<p>While the breakout provides a positive outlook, the crypto market remains volatile. Traders are advised to monitor market developments closely and adjust their strategies accordingly.&nbsp;</p>
<p>Bitcoin’s ability to establish new support levels above recent highs will be a key factor in determining its trajectory in the coming days and weeks. Hence, the market awaits further signals to confirm if the bullish sentiment will hold, potentially pushing Bitcoin toward new milestones.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<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/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</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 RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/where-is-bitcoin-headed-in-may-expert-points-to-key-resistance-level-that-must-break-for-continued-btc-price-surge/" rel="noopener noreferrer nofollow">Where Is Bitcoin Headed in May? Expert Points to Key Resistance Level That Must Break For Continued BTC Price Surge</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Where Is Bitcoin Headed in May? Expert Points to Key Resistance Level That Must Break For Continued BTC Price Surge

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 4 thg 5, 2024

The Road To Riches: 3 Coins That Could Change Your Fortune

Crypto Market Rebounds After Recent Decline

Apple Set to Revolutionize Messaging with AI Summarization in iOS 18

Charles Hoskinson Responds to Michael Saylor’s Cardano (ADA) Diss

Bitgert Coin: May 2024’s Ultimate Crypto Success Story

Major Hedge Fund Support Boosts Toncoin (TON) Value: Price Soars by 11%

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!