Ahead of Bitcoin's halving in April, the recent recovery in the crypto market reflects the resurgence of institutional investors. As sentiment improves, investors' appetite for risk-taking increases, leading to a significant rally in meme coins.
In addition to meme coins, AI and many other altcoins are also on the rise. Therefore, the overall market recovery allows side traders to go long.
As low-cap altcoins gain momentum, let's take a look at the top guns in the crypto industry. With Bitcoin, Ethereum and XRP prices holding firm, will HODLers benefit this April?
Will Bitcoin reach $100,000 this April?
On the weekly chart, BTC has successfully retested the bottom breakout, indicating a bullish reversal. Ending the last week of March on a bullish note, BTC price rose by 4.15%, forming a engulfing candlestick.
trading view
After falling to $62,000 this month, buyers are back and the trend is regaining momentum, suggesting a potential bull market. Moreover, the recovery rally is now poised to sustain the $70,000 level.
Currently, BTC price is trading at $69,975 and has been showing sideways price movement for the past four days. Furthermore, according to Fibonacci levels, a retest of the $65,000 mark in the Morning Star pattern promises a significant upside. Along with this, BTC price will challenge the upper Bollinger Bands and invite a new rally.
On the fundamentals side, expectations for a bull market are rising due to the upcoming Bitcoin halving. Based on the 1.618 Fib level, $95,952 could be a potential target for him in the upcoming bull market. Therefore, optimistically, the price of one Bitcoin could reach $100,000 by the end of this month.
Could the Ethereum bull market cross $5,000 this April?
ETH prices, the second-largest cryptocurrency by market capitalization, are rising amid a broader market recovery. The scuffle continues at his $3,500 psychological mark as Ethereum maintains its dominance above his $3,400 level.
On the weekly long tail candlestick, the downside rejection reflects the altcoin's bullish recovery and strong underlying demand. Rejecting a bearish close below $3,400 and the 61.80% Fibonacci level, an overall bullish reversal upswing overcame the sudden supply wave.
trading view
On the weekly chart, ETH price is trapped between the 78.60% and 61.80% Fib levels of $3,872 and $3,274. Breaking either side of these important boundaries will shape Ethereum’s future trends.
As expectations for altcoin season build, April could end on a bullish note given Ethereum’s upward trend has broken above the $4,000 barrier. Optimistically, according to Fibonacci levels, ETH price could reach a new all-time high above $4,868 and reach $5,000.
Is April the month of Ripple's comeback?
Sideline traders are expecting XRP prices to skyrocket on a triangular breakout rally, and the delay threatens a fading trend. The dream of XRP price reaching $1 seems to be lost for many as meme coins and other altcoins reach new heights.
trading view
However, sustaining the bullish recovery above the 23.60% Fibonacci level is a huge feat for Ripple. Overcoming the $0.60 supply pressure, XRP price may rebound soon.
XRP price could capitalize on further momentum as Bitcoin price could surge towards $100,000 in April. In such a case, the Ripple token market could reach the $1 mark. Therefore, the XRP token is positioned as a high-potential token for April.
What’s next for Bitcoin, Ethereum, and XRP price trends?
Cryptocurrency markets have had a strong month despite a brief dip in the middle, and March is set to be a bullish month. Next month, top coins such as Bitcoin, Ethereum, and XRP could create new peaks with significant increases. Therefore, now is the perfect time to stock up on top coins.
