Ethereum

Bitcoin

April

when

Coin

<p>The recent Bitcoin (BTC) halving event, which occurred on April 19, was widely anticipated to be a bullish catalyst for the cryptocurrency markets. However, the aftermath has seen BTC printing a series of red candles, leading many to question whether the bull market is already over. In this article, we explore the perspectives of two prominent analysts on what the future may hold for Bitcoin and altcoins.</p>
<h2 class="wp-block-heading" id="the-healthy-correction-narrative">The Healthy Correction Narrative</h2>
<p>According to the X account <a href="https://twitter.com/StockmoneyL/status/1784275580139315430" target="_blank" rel="noopener noreferrer nofollow">@StockmoneyL</a>, representing the “Stockmoney Lizards” analysis group, the current downtrend in Bitcoin should be viewed as a necessary and healthy correction. Despite the price decline, several key indicators suggest the overarching bull market remains intact.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="505" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-1024x505.png" alt="" class="wp-image-483075" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-1024x505.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-300x148.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-766x378.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-1536x758.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-2048x1010.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-304x150.png 304w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-709x350.png 709w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278-788x388.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1278.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>“The short answer at the beginning: no, we are not at the end of the bull market. We believe what we see is a correction which could send us back to the 50ks,” the analysts state.</p>
<h2 class="wp-block-heading" id="supportive-metrics-and-levels-to-watch">Supportive Metrics and Levels to Watch</h2>
<p>The group cites the 1-year simple moving average as evidence that Bitcoin is still in a “very, very green zone,” indicating a bullish trend. Additionally, they identify several support levels that could potentially halt the correction, including $60,000, $56,000, and a crucial zone around $52,000, which coincides with the 61.8% Fibonacci retracement level and significant liquidity.</p>
<p>While acknowledging the possibility of a deeper pullback, the analysts remain confident that the current cycle will culminate in Bitcoin reaching prices above $200,000 by Q3/Q4 2025, driven by mass adoption and institutional involvement.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="the-altcoin-perspective">The Altcoin Perspective</h2>
<p><a href="https://twitter.com/CryptoMichNL/status/1784257901709721851?t=iQpbkuqnZ4GuoLOOCdKA4w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Michael van de Poppe (@CryptoMichNL)</a>, a well-known cryptocurrency analyst and trader, offers a different narrative, focusing on the potential for altcoin resurgence in the aftermath of the Bitcoin halving.</p>
<p>Van de Poppe argues that while Bitcoin’s price may have been stagnant in USD terms, when viewed through the lens of BTC valuations, altcoins have experienced a significant 60% drawdown over the past three months. This, he believes, presents a compelling opportunity for investors.</p>
<p>“If your narrative is based on BTC valuations, then you can automatically conclude that we’re still in the longest bear market for altcoins,” van de Poppe states, citing examples like Chainlink and Ethereum, which have been in multi-year bear markets against Bitcoin.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="473" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-1024x473.png" alt="" class="wp-image-483067" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-1024x473.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-300x139.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-766x354.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-1536x710.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-2048x947.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-325x150.png 325w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-757x350.png 757w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277-788x364.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1277.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="shifting-spotlight-and-cycle-dynamics">Shifting Spotlight and Cycle Dynamics</h2>
<p>With the spotlight shifting away from the Bitcoin Spot ETF and halving events, van de Poppe predicts a renewed interest in altcoins, particularly as Ethereum breaks through the 0.05 BTC resistance level.</p>
<p>Moreover, he suggests that the current cycle may last longer than previous ones, driven by increased liquidity requirements and the tendency for both bear and bull markets to extend in duration over time.</p>
<p>“Narratives are getting larger, so a heavier impact is on the horizon,” van de Poppe explains, recommending investors accumulate discounted altcoins, especially as Ethereum is poised for a positive month in May.</p>
<p>These perspectives offer insights into the potential trajectories of Bitcoin and altcoins, reminding investors to consider multiple narratives and indicators when making investment decisions.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/post-bitcoin-btc-halving-is-the-bull-run-done-already-whats-next-for-altcoins-heres-what-indicators-are-saying/" rel="noopener noreferrer nofollow">Post Bitcoin (BTC) Halving: Is the Bull Run Done Already? What’s Next for Altcoins? Here’s What Indicators Are Saying</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Post Bitcoin (BTC) Halving: Is the Bull Run Done Already? What’s Next for Altcoins? Here’s What Indicators Are Saying

Table of Contents

CaptainAltcoin

Other articles published on Apr 28, 2024

Justin Sun speaks on challenges facing Ethereum ETF approval

Impressive Performance of Bitcoin and Altcoins in Early 2024

AI-Enhanced Camera Technology Aids in the Arrest of a Murder Suspect

Next Cryptocurrency To Explode Sunday, April 28 — Starknet, Ethereum Classic, Optimism, Arweave

Russia Moves to Ban Cryptocurrency Circulation with Exceptions for Central Bank Experiments

Golem Price Prediction: GLM Plunges 10% As Traders Rush To Buy This Solana Meme With Less Than A ...

Join our free newsletter for daily crypto updates!