It’s time again for our Bitcoin lunch. Of course we serve the live BTC price and the prices of the top 25 crypto. In addition, we serve up an overview of all the bull signals the market is showing right now around Bitcoin. We also explain why April 11 is crucial.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto currencies.
Live Bitcoin price rises in positive crypto market
At the time of writing, the live Bitcoin price is quoting EUR 42,256.67 ($46,659.08). This is 1.40% higher than during our Bitcoin lunch yesterday.
The prices of the other crypto coins in the top 25 are also mostly positive. There are some coins with losses though. The biggest loss currently is with -2.92% for Cosmos Hub (ATOM). The biggest gain of the day so far is at +6.28% for Near Protocol (NEAR). On the Tradeincrypto.com website you can of course analyze all live crypto prices 24 hours a day.
Meanwhile, we see bull signals for Bitcoin on all sides. We list the technical and fundamental bull signals.
Fundamental bull signals for the Bitcoin
In our Bitcoin lunch yesterday, we already gave a number of fundamental factors that could cause the Bitcoin price to rise. Eyes are now mainly on the Bitcoin conference to be held in Miami starting April 6. One expects 50,000 visitors and lots of news.
According to analyses by FX-street, this conference could be the start of the next crypto rally. According to their historical analyses, it takes place in April and usually lasts until mid-July. Their price target for the next rally is $100,000-$138,000.
Technical Bitcoin bull signals
Technical analysis also shows many bull signals for Bitcoin. In addition, we see that the weak hands indicator (which shows the percentage of BTC in circulation that has not moved in the last 6 months) fell below 25%. When this indicator recovers and goes above 25%, steep increases follow (from 11.3x to 59.6x). As you can see in this tweet, Bitcoin just broke through this 25% mark again.
Twitter won’t load because you didn’t give permission.
比特币：含韭率指标（距今在链上保持未移动的时间小于6个月的比特币占比特币总流通量百分比指标）。
上一次该指标突破下轨，之后币价上涨11.3倍；
上上次该指标突破下轨，之后币价上涨59.6倍；
当前该指标再次突破下轨。#BTC #Bitcoin pic.twitter.com/9tIFnUyyGE
– CryptoChan (@0xCryptoChan) April 5, 2022
(Twitter allows you to translate the tweet).
In the short term, we also see that Bitcoin is giving bullish signals. The crypto currency broke through several resistances and the price is now above the 100-hour moving average. Also, the price is cautiously crossing the resistance level at $46,500. If the BTC price rises above $47,000 and can stay there, we will see a clear bullish movement.
If that fails it is wise to keep an eye on the bearish trend line. This lies around $46,700. In that case the nearest support levels are at $46,200, $45,800 and $45,150.
Does the mid-halving event define the future? Eyes on April 11
By now we are almost 2 years after the last halving and therefore also a little more than 2 years away from the previous halving. April 11 next is the day we are exactly between the two halvings.
In previous cycles after the halving we saw that after the so-called mid-halving moment a bearish correction occurred that, of course with ups and downs, continued until the next halving. This time, however, it seems to be different.
This is mainly due to the institutional investors who, unlike in previous mid-halving moments, have much more influence on the BTC price than the recreational investors. We also see this in the aforementioned analyses, which assume a bull run until June/July. Still, one is cautious and April 11 is a date to keep an eye on.
We will of course continue to follow and cover the market and prices.
Want to stay up to date on the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”
