Bittime - The crypto market is in bullish momentum, aka rising. A well-known analyst also provided a list of the top 5 cryptocurrencies to invest in this April. In this list there is the most famous memecoin, DOGE and Solana's native token, SOL.
Market players are looking forward to the Bitcoin halving event following the approval of a Bitcoin ETF by the US SEC. Crypto prices also soared and closed high in March.
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Bullish Predicted Crypto Assets
A well-known crypto analyst, Rekt Capital recently shared his analysis of crypto assets that are predicted to rise in April 2024. Here are some crypto assets that are predicted to be bullish.
Also read: What is Bullish?
Solana (SOL)
Rekt Capital analysts observe that Solana is showing initial signs of forming a 'Bull Flag' pattern on the weekly timeframe. Once this bullish pattern is formed, SOL price has the potential to reach a new all-time high and the chances of that happening are very high this month.
SOL price managed to retest the lowest support in the $173-$175 range and then recovered to trade above the $200 level. The $173 level is now an important support for Solana. SOL price jumped 7% in a week and more than 45% in a month. Currently the price is at $197.
Dogecoin (DOGE)
Analysts are observing Dogecoin price movements which have the potential to form a monthly bullish candle at the close of March. Dogecoin managed to close above the $0.20 level, confirming the potential for further price increases to the psychological $0.30 level.
Rekt Capital also noted the monthly bullish candle close by Dogecoin on the monthly timeframe. DOGE price has experienced massive increases in February and March, he predicts April will also end bullish for this biggest meme coin.
DOGE price fell 7% in the last 24 hours but saw a significant increase in trading volume. Dogecoin price jumped more than 4% in a week and 33% in a month, with the price currently sitting at $0.1889.
Also Read How to Buy Crypto:
Bitcoin Cash (BCH)
Rekt Capital stated "Bitcoin Cash has made history." This statement came after BCH price closed above a multi-year downtrend for the first time since late 2017. It confirmed the end of the long-term downtrend for Bitcoin Cash.
The excitement surrounding the Bitcoin halving has somewhat overshadowed the Bitcoin Cash halving event. The BCH halving will occur at block height 840,000 on April 3.
BCH price is up 10% in the last 24 hours, with the price currently sitting at $607.13. Bitcoin Cash price has jumped more than 24% in a week.
Bitcoin (BTC)
Experts predict Bitcoin price will reach at least $80,000 after the halving and $120,000 by the end of the year. The Bitcoin halving event will occur at block height 840,000 on April 20. Bitcoin prices are expected to be pushed up due to supply-demand dynamics.
Bitcoin also experienced its first monthly candle close above its previous all-time high of $69,000. Bitcoin capitalization in spot ETFs also continues to flow in.
Also read: Bitcoin Futures and Bitcoin Options: Bitcoin Financial Contracts, What's the Difference?
Rekt Capital predicts that BTC price needs to drop to around $69,032 to retest it as new support before continuing the rise to a new ATH. BTC prices fell 4% in a week and rose 8% in a month, with the price currently at $66,876.
Litecoin (LTC)
Litecoin also experienced a monthly close above a long-term downtrend. Rekt Capital revealed that the macro downtrend had been broken for the first time since April 2021.
With the end of the macro downtrend, LTC price is predicted to be above $150 in April. LTC price has surged more than 22% since successfully retesting a multi-year macro downtrend as new support. LTC price is up over 6% in a week and over 8% in a month, with the price currently at $97.84.
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Conclusion
The five cryptocurrencies above show significant bullish potential for April 2024. The upcoming Bitcoin halving and the bullish trend in the crypto market as a whole could push their prices higher.
However, it is important to remember that the crypto market is highly volatile and there are no guarantees. Always do your own research before investing and consider your risk tolerance.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Solana (SOL) Future & Solana ETF Predictions
What is Bitcoin Halving and How Does It Affect Bitcoin?
What is Litecoin (LTC)? Here's the meaning and advantages!
Doge Coin (DOGE) Price Prediction According to Crypto Academy
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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