Bitcoin monthly chart for end of April

[rdluffy]

Yes, the coolest BTC chart again hahaha
We're almost at the end of April and it looks like it will finally be in the green, with a good 14% rise so far


Source https://www.coinglass.com/today

What do you think?
Can BTC close in on 100k or does it still need more time?
Will we have the old phrase “sell in may and walk away” again next month?

[Asiska02]

What do you think?
Can BTC close in on 100k or does it still need more time?
Will we have the old phrase “sell in may and walk away” again next month?

Closing the month with $100K is what is imminent with the way the price is currently performing in the market. If the market continues to range in this manner and tight above $93K, we may likely going to see some more movement towards $100K threshold. A lot are waiting for the price to reach $100K before they have a conviction that the bull run will still happen and all this are just mere speculations to them even though the market change directions this month and have been pumping good. We can’t give an exact time for bitcoin to reach $100K but most definitely a time will come for that which I fell it’s in the soonest.

[rdluffy]

Closing the month with $100K is what is imminent with the way the price is currently performing in the market. If the market continues to range in this manner and tight above $93K, we may likely going to see some more movement towards $100K threshold. A lot are waiting for the price to reach $100K before they have a conviction that the bull run will still happen and all this are just mere speculations to them even though the market change directions this month and have been pumping good. We can’t give an exact time for bitcoin to reach $100K but most definitely a time will come for that which I fell it’s in the soonest.

If it reaches 100k I believe that again there could be a big barrier of people waiting to sell in this price range
if they are not so confident that the price will go much higher or if they need the money they will sell

I see some users here citing 100k as a point at which they will sell some BTC, but let's hope this time will go to 120k quickly hehehe
94k right now, only 6% under 100k

[TomPluz]

If it reaches 100k I believe that again there could be a big barrier of people waiting to sell in this price range if they are not so confident that the price will go much higher or if they need the money they will sell. I see some users here citing 100k as a point at which they will sell some BTC, but let's hope this time will go to 120k quickly hehehe...

I am actually one of the many just waiting for Bitcoin to finally arrive at the $100K station because I am planning to sell small portion of my hoard. What may happen is that there can be stalled wall on that level and if there is no strong buy demand then Bitcoin can be back either at $97K or even $95K. Of course, we should hope for a massive institutional interest on Bitcoin so it will immediately run towards $125K as fast as lightning and make a new ATH sending many smiles to millions of Bitcoin supporters everywhere. What is clear to me is that bullishness is returning to Bitcoin and bearishness is getting shy for now...hope this momentum will not be broken days from now otherwise we can be back below the $90K zone.

[rdluffy]

I am actually one of the many just waiting for Bitcoin to finally arrive at the $100K station because I am planning to sell small portion of my hoard. What may happen is that there can be stalled wall on that level and if there is no strong buy demand then Bitcoin can be back either at $97K or even $95K. Of course, we should hope for a massive institutional interest on Bitcoin so it will immediately run towards $125K as fast as lightning and make a new ATH sending many smiles to millions of Bitcoin supporters everywhere. What is clear to me is that bullishness is returning to Bitcoin and bearishness is getting shy for now...hope this momentum will not be broken days from now otherwise we can be back below the $90K zone.

Some good news seems to have changed the bearish sentiment a little hahaha

1 - Tether and Jack Mallers' new company XXI, which has bought a lot of BTC and will continue to do so
2 - US government eliminating bureaucracy for banks to offer BTC solutions to their clients
3 - ETFs buying BTC again

[yhiaali3]

After the recent market recovery, everyone is waiting for Bitcoin to reach $100k again. The weekly close was above $94,300, which is the highest close in two months.

I expect it will take some time to break the very strong resistance at $96,000. This resistance point is very strong and requires buying by several whales, not just one, because there are very large orders. Perhaps if some large institutions or governments buy in large quantities, we will easily see the 100k barrier crossed.

[LogitechMouse]

Yes, the coolest BTC chart again hahaha
We're almost at the end of April and it looks like it will finally be in the green, with a good 14% rise so far
---
What do you think?
Can BTC close in on 100k or does it still need more time?
Will we have the old phrase “sell in may and walk away” again next month?

I didn't expect that we will be ending the month of April in a green candle because I expected that this month will be a red candle as well. What happened last week really is the main reason why we are ending the month with a green candle, and many are happy with what's happening right now.

I wonder where are those people who are saying that we are entering the bear market a few months ago. Maybe they're just saying it, but behind it, they're accumulating as well because they don't mean what they're saying. BTC on $100,000 this month? I don't think so, but we might see it happen in a few weeks or who knows. It might happen next week already. I mean many didn't expect that Bitcoin will pump to $100,000 suddenly a few months ago, and it might happen again. I expect a huge resistance at that price though.

Now for the next month, I expect it to be bullish as well like in April.

[Stuart]

So far so good, the ending of the month of April has shown some good market moves, though, having a challenge in breaking the current highs of $95,700K. The month is ending tomorrow, and we might still hold in this price range, till next month. $96k is a very strong resistance at this point. For it to be broken, a high demand/buying will be responsible to break that peak, at a price above $96k, we will be seeing around $100k. 

[rdluffy]

With the month almost over and only a few hours left, the percentage increase is almost 15%
95k now, and it looks like the 100k (or 76k hehehe) will be for May

If we follow the chart, of the 12 years we've had the measurements, 6 have been up and 6 have been down
And in 2017 and 2019 there were two extremely impressive increases of more than 50% 
And once in 2021 there was an ominous drop of 35% 

[rdluffy]

At the end of the month Bitcoin closed up 14.08%, not bad for containing the damage of February and March hehehe
I'll lock the thread and hopefully in May we'll see another Bitcoin ATH, maybe 120k?
Let's hope Trump make the deals he want and let the economy grow again hahaha