The cryptocurrency market seems poised for a better uptrend, consolidating at the levels it gained after the recent price action. bitcoin The price is trading around $28,000 and is currently maintaining its bullish momentum. This could ignite a notable rally further in the coming days and push the price levels above $29,100 in the next few hours.
According to KALEO, a popular analyst, the upward trajectory has just begun and the price continues to maintain a steady rise. can.
Send it. pic.twitter.com/l8FFvQyCUH
NEWS CONTINUES BELOW— KALEO (@CryptoKaleo) April 4, 2023
bitcoin pricewas predicted to experience a slight pullback before igniting a good uptrend ahead. As a matter of fact, the price rallied rapidly and gained mildly, breaking out of the waning consolidation. According to the analyst, it is believed that the BTC price will continue a massive rally to reach levels above $29,000 in the next few hours.
Pioneer cryptocurrency it also signals on the side of the newly formed CME gap, which is another indication that it is preparing for a big uptrend. During the previous bull run in 2021, BTC price formed a CME gap that remained unfilled at $19,000. Koinfinans.com However, as we reported, the price continued to climb steeply later to mark a new ATH near $69,000. At the moment, the price again formed a CME gap at the same levels and went up without filling it.
In 2020, the #BITCOIN CME futures left a gap at 19000$ and rally to make an all time high in 2021
In 2023, a similar scenario has occurred. Will be Bitcoin make an ATH in 2024? pic.twitter.com/JgFAOwWEDO
— Mikybull 🐂Crypto 🔬 (@MikybullCrypto) April 3, 2023
If the pattern is repeated, BTC price It could rise significantly and ignite a new bull run to mark new highs. According to Mikybull Crypto analyst, Bitcoin price could hit a new high in 2024 as the price repeats the previous pattern.
You can follow the current price action here.