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Vladislav Hryniv
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đŸ”„According to CoinEdition: $BTC Price Target for April Stands at $86K: Analyst Says Bitcoin’s price remains relatively stable, hovering between $68,000 and $71,000, despite touching the $70,000 mark again recently. Amid this sideways movement, analysts remain optimistic, citing bullish indicators that suggest a potential breakout on the horizon. Adrian Zidanic, a respected analyst and part of the Crypt BB analyst group, has highlighted a bullish ascending triangle forming in Bitcoin’s chart during this period of consolidation at the “Thinking Crypto” podcast. Zidanic anticipates a breakout soon, with a target price of $86,500. While acknowledging the possibility of unforeseen market movements, Zidanic’s analysis points to a higher probability of a bullish scenario playing out. “Bitcoin is grinding sideways and it could break out of this bullish ascending triangle and head up to that $86,000 target or higher. I think it could go to $90,000. I have a range of $85,000 to $90,000. I hope it goes higher. I hope it can touch $100,000,” Zidanic opined. #BitcoinHalvingDrama #BTCTo1Million

đŸ”„According to CoinEdition: $BTC Price Target for April Stands at $86K: Analyst Says

Bitcoin’s price remains relatively stable, hovering between $68,000 and $71,000, despite touching the $70,000 mark again recently. Amid this sideways movement, analysts remain optimistic, citing bullish indicators that suggest a potential breakout on the horizon.

Adrian Zidanic, a respected analyst and part of the Crypt BB analyst group, has highlighted a bullish ascending triangle forming in Bitcoin’s chart during this period of consolidation at the “Thinking Crypto” podcast.

Zidanic anticipates a breakout soon, with a target price of $86,500. While acknowledging the possibility of unforeseen market movements, Zidanic’s analysis points to a higher probability of a bullish scenario playing out.

“Bitcoin is grinding sideways and it could break out of this bullish ascending triangle and head up to that $86,000 target or higher. I think it could go to $90,000. I have a range of $85,000 to $90,000. I hope it goes higher. I hope it can touch $100,000,” Zidanic opined.

#BitcoinHalvingDrama #BTCTo1Million

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đŸ”„ BeinCrypto Analytics: $ADA Faces 30% Price Cut A conceivable scenario for the ADA price entails a bullish rebound from the current Fib support level at approximately $0.584. Cardano could ascend toward the golden ratio at around $0.72 if this materializes. The corrective trajectory would be nullified only upon breaching the golden ratio at approximately $0.72, paving the way for Cardano to target the golden ratio at around $0.86. However, the ADA price might retreat to the golden ratio support at approximately $0.44 if a bearish rejection. Notably, the MACD lines in the weekly chart have recently crossed into bearish territory. Moreover, the MACD histogram exhibits a downward trend and the RSI hovers in neutral territory. Conversely, the EMAs continue to display a golden crossover, affirming the bullish trend in the medium term. If Cardano manages to initiate a bullish rebound from the 0.382 Fib support level at approximately $0.584, it could potentially surge by approximately 22% to confront the golden ratio resistance at around $0.72. However, the presence of the 50-day EMA as resistance at roughly $0.624 cannot be overlooked. Notwithstanding, the indicators currently convey predominantly bullish signals. The daily chart still portrays a golden crossover, while the MACD histogram has displayed bullish momentum over the past few days. Consequently, there is a possibility that the MACD lines might soon cross bullishly. #CardanoSurge
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👀 AMBCrypto Analytics: $SHIB Price Prediction The 12-hour price chart revealed that since 15 March, the $0.00003-level has been important. The bulls briefly flipped it to support in the final week of March, but were unable to hold on. The recent bounce also halted at $0.00000295, just below this level. The RSI highlighted that the momentum was indecisive with a reading of 47. The Chaikin Money Flow was also similarly indefinite. It has not moved significantly beyond +0.05 or -0.05 since mid-March. The price action and the indicators showed that SHIB is in a consolidation phase. A CMF move beyond dotted white lines could be an early signal of rising buying (or selling) pressure and an impending SHIB move in that direction. The 30-day MVRV ratio dropped into negative territory earlier this month, signaling an undervalued asset. The mean coin age, on the other hand, has strongly trended upwards since early March. It is a strong buy signal, especially since the token is consolidating under resistance. The Open Interest has also dropped substantially over the past ten days. It showed that speculators preferred to remain sidelined and have not been willing to bet on SHIB’s price movement on the charts. Dormant circulation had sizeably spiked in early March, when the mean coin age nosedived. Since then, the dormant circulation has been quiet. This is another sign that significant selling pressure and token movement has been absent in recent weeks. #SHIBđŸ”„đŸ”„
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đŸ’” According to CryptoNews: $DOGE Price Prediction If Dogecoin is to hit new highs for the year above $0.23 and overtake USDC, calls for it to soon hit $1 will grow once again. It will be difficult for Dogecoin to achieve 5x growth from current levels this bull market, but not impossible. Imagine a scenario where BTC breaks above $100,000 in the coming quarters. That would mean Bitcoin’s market cap moving above $2 trillion. Well, for Dogecoin to reach $1, its market cap would “only” need to grow to around $144 billion. That would only be around 7% of Bitcoin’s market cap. Let’s also assume that as Bitcoin breaks above $100,000 and its market cap above $2 trillion, its dominance declines. Say its dominance declines to 40% (from the current 50%). It’s feasible that the cryptocurrency market cap excluding Bitcoin could reach around $3 trillion in this scenario. A market cap of $144 billion would put Dogecoin at under 5% of the crypto market cap, excluding Bitcoin. These are not unrealistic growth numbers for the world’s most popular and well-known meme coin. In the wild crypto markets, anything can happen. Traders shouldn’t rule out $1 Dogecoin in 2024 or 2025. #Dogecoin‏⁩
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đŸ’„ AMBCrypto Analytics: What Next to $ENA ? ENA has also been making waves in the speculative market. According to AMBCrypto’s analysis of Coinglass’ data, the Open Interest (OI) in ENA Futures surged to $372 million at press time, indicating a higher number of bets to profit from its future price action. More than 50% of the positions seemed to be gunning for ENA’s price increase, as evidenced by the Longs/Shorts Ratio. This is a sign that traders are confident that the bullish momentum will sustain itself. However, at press time, the social frenzy around the coin was tapering, as seen by the dip in discussions on top crypto-focused social groups. This could impact the participation of retail investors, many of whom are drawn to cryptos due to social hype. #EthenaENA
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🚀 According to BeinCrypto Analytics: $TRX Investors See Potential Tron’s price trading at $0.118 observes several bullish cues, primarily from investors. This is evident in the Funding rate of the asset. The funding rate in crypto refers to a fee paid between traders to balance the market. Positive funding rates hint at the traders making bullish bets, i.e., a rise in the long contracts, while negative funding rates show traders favor a decline. In the last 24 hours, the TRX funding rate shot up, considerably suggesting Tron enthusiasts are pushing for a rally. This rise in price could occur since the technical analysis indicators are signaling a high potential for a rise. The Moving Average Convergence Divergence (MACD) indicator, albeit negative, is close to noting a bullish resurgence. The receding red bars on the indicator hint in the same direction. A bullish outcome would suggest a price increase since MACD is a momentum indicator that signals potential buying and selling opportunities. Secondly, the Average Directional Index (ADX) also notes a loss of strength in the active trend. This indicator suggests whether the active trend is becoming stronger or weaker based on its position above the threshold of 25.0. In the case of TRX, the indicator is observing a downtick, heading closer to the threshold, which suggests that the active downtrend will lose its strength soon. #TRX✅
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