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Bitcoin kicks off the morning of March 30 at $70,000, and with US markets closed for Good Friday, there are no ETF data. Spot Bitcoin ETFs haven’t helped the market rally for two weeks. However, optimism based on historical data remains strong as we approach April, hours before the block reward halving.
Bitcoin’s April Outlook
Bitcoin’s price, having reached $73,777, will strive for a higher peak during the halving month. BTC‘s price has broken out from the flag pattern formed after the ATH and is showing bullish signals on the 4-hour chart. If things go as expected, the $77,000 formation target could be tested next month.
For the bullish prediction to hold, the support level at $69,715 needs to be maintained. The halving will occur between April 20-22, and if March inflation isn’t abnormally bad, this event should support a short-term price increase.
What if the price falls below the support region? While technical analysis doesn’t predict the future, we could see a deeper correction towards $66,500.
Solana (SOL) April Price Forecast
Solana (SOL) Coin is expected to yield gains for investors in April. According to CoinShares’ weekly net flow report, Solana has seen more inflows than all other cryptocurrencies, including Ethereum. This is significant because CoinShares data supported rallies even before the general market rally began.
Therefore, Solana’s price will likely focus on the $200 and $250 targets. In the opposite scenario, we could see a pullback to $186 and $164.
FTM Coin Predictions
FTM Coin, on the other hand, could bring gains for short sellers in futures trading. Contrary to others, a decline is predicted for Fantom (FTM). According to the parabolic curve model, FTM’s price could roughly decline by 20%. For this, we need to see closures below the resistance area of $1.12.
RSI and MACD support the bearish scenario. As of writing, the price hovering around the $1 threshold could retreat towards $0.8 or even lower support levels. Of course, technical analysis does not predict the future, and prices can move contrary to predictions.
