Bitcoin experienced a volatile and violent start in the second quarter, because its price fell in early April to a five -month less than $ 75,000. This massacre occurred during the darkest (so far) climbing days of the US President of the Trade War against the rest of the world.
While his policy and intentions have become clearer and he interrupted the prices against each nation, with the exception of China, the BTC began recovering and won $ 20,000 in the next two weeks. Since he exceeded $ 90,000, however, more than a week ago, the asset has remained slow in a tight side channel between $ 93,000 and $ 95,000.
There was an attempted breakdown yesterday, but the lower limit remained strong, and BTC is now testing the top. According to several key measures, this consolidation phase could approach an end, referring to a next substantial price movement.
Press BBS
Crypto popular analyst Ali Martinez highlighted recently reduced volatility, which is shown by compressed Bollinger bands. The momentum indicator, made up of three lines with the simple mobile average (SMA) in the middle, has tightened on the 4 -hour BTC graph, and Martinez warned that “a major price movement could be just at the corner”.
Bollinger strips serve on the 4 -hour board to #Bitcoin $ BTC! A major price movement could be fast. pic.twitter.com/uvrel12qvp
– Ali (@ali_charts) May 1, 2025
Although BBS are a secondary technical tool and do not provide a clear indication of movement management, the analyst said BTC has a notable chance to go north if it remains above the key support of $ 93,199, which has maintained its price a few times during last week.
In addition, BTC could reach a new summit of all time of about $ 114,230 if it exceeded $ 95,870, he added.
If #Bitcoin $ BTC Breaks and holds above $ 95,870, the next key target, based on MVRV pricing bands, is $ 114,230. pic.twitter.com/ikpjvvauta
– Ali (@ali_charts) April 30, 2025
Accumulation rises
The second and third signs alluding to a next big BTC movement are somewhat similar, but they are worth differentiating. On the one hand, we have the growing accumulation of whales. As indicated yesterday, these market players had acquired $ 4 billion in Bitcoin in just two weeks.
On the other hand, there are the ETFs of the BTC, which broke the previous negative sequence and recorded a positive from April 17 to April 30. Although this trend ended yesterday, it was with a minor of $ 56.3 million in outings, which is much lower than the billions attracted before that.
Martinez underlined these substantial purchases and noted that the score of the BTC accumulation trend approached 1, which is a clear indication of large entities that take place in a shopping trip.
THE #Bitcoin $ BTC The accumulation trend score approaches 1, indicating that larger entities, or a significant part of the network, actively accumulate. pic.twitter.com/ejavuf8dmba
– Ali (@ali_charts) April 30, 2025
Bonus: The number of bitcoins sitting on exchanges has gradually decreased, reaching a hollow of five years. Although it is another bullish sign for future price movements of the underlying assets, Swan analysts explained why he had not yet reacted.
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