Solana

Bitcoin

<div class="code-block-grte code-block-grte-16" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Bitcoin is consolidating near a critical level that previously triggered major bull runs in 2017 and 2020.</li> 
 <li>The Pi Cycle Top indicator, a reliable Bitcoin market analysis tool, suggests a potential breakout is imminent.</li> 
 <li>“Once Bitcoin breaks the Pi Cycle moving average – all bets are off,” says popular analyst Jelle.</li> 
</ul> 
<p><strong>Get the latest insights on Bitcoin’s price action, the significance of the Pi Cycle Top metric, and expert predictions for potential price movements.</strong></p> 
<h2 id="strong-bitcoin-s-pi-cycle-top-signals-potential-breakout-strong"><strong>Bitcoin’s Pi Cycle Top Signals Potential Breakout</strong></h2> 
<p><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?quality=58&amp;ssl=1"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-137967" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=696%2C365&amp;quality=58&amp;ssl=1" alt="Bitcoin vs Previous All Time Highs" width="696" height="365" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?w=1200&amp;quality=58&amp;ssl=1 1200w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=300%2C157&amp;quality=58&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=1024%2C537&amp;quality=58&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=768%2C403&amp;quality=58&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=150%2C79&amp;quality=58&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=696%2C365&amp;quality=58&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/Bitcoin-vs-Previous-All-Time-Highs.jpeg?resize=1068%2C560&amp;quality=58&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a></p> 
<p>Bitcoin (BTC) is exhibiting consolidation patterns that could precede a significant bullish breakout, according to the Pi Cycle Top indicator. This historically reliable metric has accurately signaled previous Bitcoin price surges.</p> 
<h3 id="strong-understanding-the-pi-cycle-top-strong"><strong>Understanding the Pi Cycle Top</strong></h3> 
<p>The Pi Cycle Top is a market analysis tool that uses two moving averages (the 111-day and the 350-day multiplied by 2) to identify potential macro tops in Bitcoin’s price trajectory. A crossover of the shorter-term 111-day moving average above the longer-term trendline often marks a significant bullish shift.</p>
<div class="code-block-grte code-block-grte-15" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">TRUSTED BY COINOTAG,<br><span style="color: #e67e22;">Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<h3 id="strong-consolidation-phase-aligns-with-historical-patterns-strong"><strong>Consolidation Phase Aligns with Historical Patterns</strong></h3> 
<p>Bitcoin’s current consolidation near its all-time high of $69,000 mirrors similar patterns observed before the 2017 and 2020 bull runs. Analysts view this as a potentially healthy sign of market behavior around a key resistance level.</p>
<div class="code-block-grte code-block-grte-14" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;"> AR' YA WINNING SON?<br><span style="color: #e67e22;">Don't miss Solana Tokens and BRC-20 Tokens! Click here to find new AI coins!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<h3 id="strong-expert-predictions-and-price-targets-strong"><strong>Expert Predictions and Price Targets</strong></h3> 
<p>Analysts like Jelle and Daan Crypto Trades are closely watching the Pi Cycle Top indicator. Jelle predicts a near-term BTC price target of over $80,000 if Bitcoin breaks above the current resistance level.</p> 
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The confluence of Bitcoin’s current consolidation phase and the Pi Cycle Top indicator signals a potential for a major bullish move. While cryptocurrency markets remain inherently volatile, these technical indicators offer valuable insights for investors and traders alike.</p>

Bitcoin Nears Bullish Breakout – Pi Cycle Top Metric Hints at Potential Price Surge

Table of Contents

COINOTAG NEWS

Other articles published on Apr 12, 2024

Elon Musk’s xAI Takes on OpenAI: $4 Billion Funding Goal Set

Ethereum Traps Aggressive Buyers As ETH/BTC Ratio Declines, Triggering $100 Million In Liquidations

Dark Defender Predicts Breakout Rally for Ripple, 1inch Launches Crypto Debit Card, NuggetRush’s ...

DexTools Crypto Price Analysis; What Next In The DEXT Price?

Bitcoin Miners, Whales To Sell BTC In Billions Post Halving: Report

Russia Bypassing Economic Sanctions By Using Tether’s USDT Stablecoin As Alternative Payment Source

Join our free newsletter for daily crypto updates!