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Analysis: Traders predict that Bitcoin will rise and break through $96,000 after the consolidation phase.
Odaily News Despite the recent slowdown in the pump momentum of Bitcoin, traders generally believe that the price will break through the current consolidation range. Several analysts pointed out that there are a large number of sell orders in the area around $96,000 above the spot price, which could trigger a liquidity struggle. Trader Cold Blooded Shiller stated that Bitcoin and the S&P 500 index are expected to face a critical decision moment within the next 24 hours, leaning towards an upward price breakout. Crypto Assets trader and analyst Michaël van de Poppe also believes that Bitcoin is gearing up for the next round of rise. Data shows that by the end of April, Bitcoin's monthly rise reached 15%, marking the best April performance since 2020. Analyst Rekt Capital pointed out that if the monthly close is within the range of $93,300 to $96,500, it will consolidate Bitcoin's trend at high levels. (Cointelegraph)