SoonVerse narxSOON

$BTC - We'll see if April is one of the few months worth trading or it's another month to focus on hobbies. Just chilling at diagonal resistance. Pretty neutral but I would say it leans more bullish assuming momentum picks up soon and price doesn't stall.

🇰🇿 Kazakhstan Plans National Crypto Bank With 90% of crypto still unregulated, the government is stepping in. A state-run crypto bank could soon handle all digital asset transactions.

🔥 #Bitcoin to $91,000 Soon? 🔥 🔹 A bullish pennant has formed on the 4-hour chart, signaling a potential breakout. 🔹 If BTC breaks to the upside, the target sits around $91.4k. 🔹 The pattern suggests strong continuation momentum, backed by rising volume. ⚡️ Key Factors to Watch: ✅ Confirmed breakout with high volume = 🚀 bullish push toward $91k. ✅ Failure to break out = possible retest of support before the next move. ✅ Whales are accumulating, indicating strong buying pressure. 👀 Keep an eye on the charts – BTC could be heading for $91k sooner than expected! 💥

$BTC Buyers are in control base on volume but we can see lower trendline is break twice. After lower trendline breakout buyers react and put the price back inside the triangle. Bears are consistent on trying to drop the price but bulls also fighting back. For now market is still 50:50 But This will soon to break as it is already squeezed between upper trendline and lower trendline. Another confluence is 4hr pattern is still bull flag. Warning for bulls: We can't be so confident yet as we still have not seen an upper rally which supposed to break the upper trendline. Not financial advice 🔥 #BTC #bitcoin

As we step into April, the cryptocurrency market is filled with anticipation. Will this month bring a surge in trading activity, or will it be another period of calm, allowing traders to focus on their hobbies? In this analysis, we'll delve into the current state of the Bitcoin market, exploring the diagonal resistance level and the potential for a bullish breakout. Diagonal Resistance: A Crucial Level to Watch Bitcoin's price action has been consolidating around the diagonal resistance level, creating a sense of neutrality in the market. This level has been a crucial point of contention, with bulls and bears engaging in a tug-of-war. The diagonal resistance level serves as a barrier, separating the bulls' territory from the bears' domain. Neutral Market with a Bullish Bias While the market remains neutral, there is a subtle leaning towards bullishness. This bias is rooted in the assumption that momentum will pick up soon, and the price won't stall. A bullish breakout above the diagonal resistance level could trigger a surge in buying activity, propelling the price higher. Key Factors to Watch Several key factors will influence the direction of the Bitcoin market in the coming weeks: 1. *Momentum*: A pickup in momentum could be the catalyst for a bullish breakout. Traders should monitor the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) for signs of increasing momentum. 2. *Price Action*: The price action around the diagonal resistance level will be crucial. A successful breakout above this level could confirm the bullish bias, while a rejection could lead to a bearish reversal. 3. *Trading Volume*: An increase in trading volume could be a sign of growing interest in the market. Traders should monitor the volume metrics to gauge the level of participation. Potential Scenarios Based on the current market conditions, two potential scenarios emerge: 1. *Bullish Breakout*: A successful breakout above the diagonal resistance level could trigger a rally towards the next resistance level. This scenario is contingent upon a pickup in momentum and a surge in buying activity. 2. *Bearish Reversal*: A rejection at the diagonal resistance level could lead to a bearish reversal. This scenario would be confirmed by a breakdown below the support level, accompanied by a decrease in momentum and trading volume. Conclusion The Bitcoin market is at a critical juncture, with the diagonal resistance level serving as a crucial barrier. While the market remains neutral, there is a subtle leaning towards bullishness, assuming momentum picks up soon and the price doesn't stall. Traders should monitor the key factors outlined above, preparing for potential scenarios that may unfold in the coming weeks. Final Thoughts As we navigate the complexities of the cryptocurrency market, it's essential to remain adaptable and responsive to changing conditions. By staying informed and monitoring the key factors, traders can make informed decisions and capitalize on emerging opportunities. Whether April proves to be a month worth trading or a period to focus on hobbies, one thing is certain – the Bitcoin market will continue to evolve, presenting traders with a new set of challenges and opportunities. $BTC