Analysis: Traders predict Bitcoin will rise above $96,000 after consolidation phase

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ODAILY
04-30
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Planet Daily News: Despite the recent slowdown in Bitcoin's upward momentum, traders generally believe the price will break through the current consolidation range. Multiple analysts point out that there are a large number of sell orders in the area around $96,000 above the spot price, which may trigger a liquidity battle. Trader Cold Blooded Shiller stated that Bitcoin and the S&P 500 index will face a critical decision moment within the next 24 hours, with a tendency towards an upward price breakthrough. Cryptocurrency trader and analyst Michaël van de Poppe also believes that Bitcoin is preparing for the next rally. Data shows that as of the end of April, Bitcoin's monthly gain reached 15%, the best April performance since 2020. Analyst Rekt Capital noted that if the monthly candle closes within the range of $93,300 to $96,500, it will consolidate Bitcoin's trend at high levels. (Cointelegraph)

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