The recent rebound in cryptocurrency markets reflects a resurgence in institutional investment as the Bitcoin halving approaches in April. As sentiment improves, investors’ appetite for risk increases, leading to a massive rise in meme coins.
Along with MEMCOIN, many altcoins, including AI, are rising. Therefore, a market-wide recovery may allow sideline traders to maintain long positions.
With low-cap altcoins gaining momentum, let’s take a look at some of the cryptocurrency industry’s best weapons. With Bitcoin, Ethereum, and XRP prices showing strength, will HODLers benefit this April?
Will Bitcoin hit $100,000 in April?
On the weekly chart, BTC shows a bullish reversal as it successfully retests the round bottom breakout. The last week of March was strong, with BTC price gaining 4.15%.
Trading View
With buyers returning after falling to $62,000 this month, the resurgent trend momentum portends a potential upside. Additionally, the recovery rally is currently poised to hold above $70,000.
Currently, BTC price is trading at $69,975, having been trading sideways for the past 4 days. Additionally, a retest of the $65,000 mark with a morning star pattern as per Fibonacci levels predicts a huge upside. At the same time, BTC price is challenging the upper Bollinger Band, signaling a new rally.
On a fundamental level, the upcoming Bitcoin halving is raising expectations for a bull market. Depending on the 1.618 Fib level, the upcoming rally could have $95,952 as a potential target. So, looking optimistically, the price of a single Bitcoin could reach $100,000 by the end of this month.
Can Ethereum rise above $5,000 this April?
The price of ETH, the second-largest cryptocurrency by market capitalization, is rising again amid a market-wide recovery. The scuffle continues around the psychological $3,500 level as Ethereum maintains dominance above the $3,400 level.
The low price rejection along with the long tail weekly candle reflects a bullish comeback and strong underlying demand for altcoins. Rejecting a bearish close below $3,400 and the 61.80% Fibonacci level, an overall bullish reversal rally overcomes the sharp supply surge.
Trading View
On the weekly chart, ETH price is stuck between $3,872 and $3,274, which is the 78.60% and 61.80% Fib levels. Breaking both sides of this important boundary will shape Ethereum’s future trends.
April could end on a strong note, considering Ethereum’s upward trend has pushed it past the $4,000 barrier along with high expectations for the altcoin season. Optimistically, based on Fibonacci levels, ETH price could surge to an all-time high above $4,868 and reach $5,000.
Is April the comeback month for Ripple?
While sideline traders are expecting the price of XRP to surge through a triangle breakout rally, the delay threatens to break the trend. As meme coins and other altcoins grow to new heights, the dream of XRP price reaching $1 seems lost for many.
Trading View
However, it is a great achievement for Ripple that the bullish recovery has stayed above the 23.60% Fibonacci level. Overcoming supply pressure at $0.60, the XRP price is expected to rebound soon.
With the price of Bitcoin likely to surge to $100,000 in April, the price of XRP could benefit from additional momentum. In this case, the market for Ripple tokens could reach $1. This positions the XRP token as a token with high potential in April.
What’s next for Bitcoin, Ethereum and XRP price trends?
It was a positive month for the cryptocurrency market, with March showing a strong performance despite a brief dip in the middle. In the coming months, top coins like Bitcoin, Ethereum, and XRP could hit new peaks with massive gains. So now is the right opportunity to collect the best coins.