BTC, VET, THETA, RUNE, AAVE

bitcoin ( BTC ) is trying to hold above its nearest support level, and traders are watching if the price can stay strong and close above ...


bitcoin (BTC) is trying to hold above its nearest support level, and traders are watching if the price can stay strong and close above the 2022 annual opening price at $46,200 for the second week in a row.

April has always been the best performing month of the year for the S&P 500, according to to Sam Stovall, chief investment strategist at CFRA. If history repeats itself and the close correlation between US stock markets and Bitcoin continues, it could bode well for crypto markets in the near term.

Daily view of crypto market data. Source: Coin360

Another feeling stimulant could be that the 19th million Bitcoins entered circulation the 1st of April. For the remaining 2 million BTC, the crypto markets will have to wait a long time as the last bitcoin is expected to be mined by 2140. This could shift the focus to how there is only a small amount of bitcoin left. extract and its growing demand could lead to a shortage and drive up prices.

Could Bitcoin hold above its critical support, and if so, will altcoins rally? Let’s study the charts of the top 5 cryptocurrencies that are likely to extend their near-term recovery.