• Crypto Market Analysis: Here’s What Can You Expect From the Crypto Markets In Q2 2023
• Bitcoin price is expected to break out of its current consolidation and surge above $30,000 in April.
• After the breakout, a notable upswing may take place until the end of H1 2023 with prices reaching above $35,000.
Crypto Market Analysis: What To Expect From The Crypto Markets In Q2 2023
The Q1 close was expected to be a massive one, pushing the Bitcoin prices above $29,000 and a step ahead toward $30,000. However, the price continued to consolidate within a narrow range displaying the possibility of continuing with a consolidated trend in the coming days.
Bitcoin Price Breakout & Uptrend Predictions
Bitcoin price usually follows a repetitive pattern from the past and has been following this pattern finely. The past month’s breakout also carried the same legacy and hence it is believed that there will be couple of consecutive bullish monthly candles ahead. Considering previous data, one can expect an upswing in Q2 with Bitcoin prices soaring above $30,000 in April.
Price Reaching Crucial Resistance Level
Once the price reaches its crucial resistance close to $35,000, there could be a notable upswing till H1 2023.
Previous Price Action Pattern
Bitcoin prices are expected to breach their current consolidation level and soar high in April towards $30K mark. Thereafter it is predicted that there will be a notable upswing till H1 2023 when prices reach their crucial resistance levels near 35K.