With the Bitcoin halving coming in April, the recent bounceback in the crypto market reflects a revival of institutional investments. As sentiments improve, investors’ risk-taking appetite increases, leading to massive jumps in meme coins.
Along with the meme coins, AI and many other altcoins are rising. Thus, the market-wide recovery allows sideline traders to go long.
With the low-cap altcoins gaining momentum, let’s have a look at the top guns of the crypto industry. With Bitcoin, Ethereum and XRP prices taking a strong stand, will the HODLers reap benefits this April?
Will Bitcoin Hit $100,000 This April?
In the weekly chart, the BTC shows a bullish turnaround with the successful retest of a rounding bottom breakout. With a bullish end to last week of March, the BTC price forms an engulfing candle with 4.15% jump.
Tradingview
With the buyers returning after a drop to $62,000 this month, the reviving trend momentum signals a potential bull run. Further, the recovery rally is now preparing to sustain above the $70,000 mark.
Currently, the BTC price trades at $69,975 with a sideways movement for the last four days. Further, as per the Fibonacci levels, the retest of the $65,000 mark with a morning star pattern promises a massive jump. Along with this, the BTC price challenges the upper Bollinger band, teasing a new rally.
On the fundamental front, the coming Bitcoin Halving is increasing the anticipations for a bull run. As per the 1.618 Fib level, the upcoming rally might eye $95,952 as a potential target. Hence, optimistically, the price of a single Bitcoin could hit $100,000 by the end of this month.
Could Ethereum Bulls Land Beyond $5,000 This April?
Being the second biggest cryptocurrency per market cap, the ETH price is rising back in the market-wide recovery. As Ethereum sustains dominance above the $3,400 level, a brawl continues at the psychological mark of $3,500.
With a long-tail weekly candle, the lower price rejection reflects a bullish comeback and strong underlying demand for the altcoin. Refusing a bearish closure below $3,400 and the 61.80% Fibonacci level, the overall bullish reversal rally overcomes the sudden supply wave.
Tradingview
In the weekly chart, the ETH price is trapped between the 78.60% and 61.80% Fib levels at $3,872 and $3,274. A break on either side of these crucial boundaries will shape the upcoming trend in Ethereum.
Considering the uptrend in Ethereum surpasses the $4,000 barrier with the high anticipations of an altcoin season, April could end on a bullish note. Optimistically, per the Fibonacci levels, the ETH price could surge to a new all-time high above $4,868 and reach $5,000.
Is April’s The Comeback Month For Ripple?
With the sideline traders anticipating the triangle breakout rally to spike up the XRP prices, the delay is threatening a lost trend. As the meme coins and other altcoins are scaling new heights, the dream of XRP price hitting $1 seems lost to many.
Tradingview
However, the bullish recovery managed to sustain above the 23.60% Fibonacci level is a huge feat for Ripple. Overcoming the supply pressure at $0.60, the XRP price teases a bounce back shortly.
With the Bitcoin price potentially taking a sprint to $100,000 in April, the XRP price could capitalize on the additional momentum. In such a case, the Ripple token’s market could hit the $1 mark. Thus, the XRP token is positioned as the high-potential token in April.
What’s Next For Bitcoin, Ethereum, and XRP Price Trend?
With a positive month for the crypto market, despite a short dip in the middle, March sets a bullish stage. In the coming month, the top coins like Bitcoin, Ethereum, and XRP could create a new peak with massive jumps. Hence, the right opportunity to hoard the top coins is right now.
Credit: Source link