The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Bitcoin Bullish Accumulation Coming to an End, Unveils April Forecast for BTC

by Daily Hodl Staff
April 2, 2023
in Bitcoin, Trading

A popular crypto strategist says a major trend shift is on the horizon for Bitcoin (BTC) as we enter a new month.

Analyst Jason Pizzino tells his 283,000 YouTube subscribers that Bitcoin is closely following a Wyckoff accumulation schematic, which suggests that an asset is forming the base for an incoming bull market.

According to Pizzino, Bitcoin appears to be at the final phase of the accumulation schematic, indicating that BTC is gearing up for the markup phase or a period of price rises.

“This is the next major piece of the puzzle as we head into phase [E]. I want to get just another one or two weeks of confirmation on the chart and potentially we can put it to bed and say the accumulation has occured for Wyckoff, especially if we get over the 50% level which is around $42,000.

Do I think we’re going to get there tomorrow? No. Let’s hold our horses. We still need to test the low to mid-$30,000 as well. So it’s coming to an end. It’s not there yet.”

Source: Jason Pizzino/YouTube

Looking at BTC’s potential price action for April, Pizzino says that BTC may rally above the $30,000 level this month. However, he highlights that BTC may struggle to take out resistance between $32,000 and $34,000.

“March has been a phenomenal month, pushing down, putting a higher swing bottom and breaking out to the upside, which is why I think April may be the month that we come up to test the $30,000 and the low $30,000 area, so about $32,000, which is previous lows and support of January 2022… That is going to be a key area.

Then we have the midway point between the high and the zero point, so $69,000 is the top, all the way down to zero. Halfway is $34,500. So there’s a lot of resistance on the way up to that $40,000 level.”

At time of writing, Bitcoin is trading for $28,476.

I

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Dalle-2

Submit a Press Release

Industry Announcements

  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Meme Fans Eye El Hippo (HIPP) As Floki Inu (FLOKI) Price Dips
    September 19, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
  • Xsolla Launches Mall, an Online Destination for Video Games
    September 18, 2023
  • BlockchainSpace Debuts Polygon-Based Community Rewards Platform, YEY, With Philippine Telco Giant at FIBA 2023
    September 14, 2023
  • OKX Switch McLaren MCL60 Race Car to Stealth Mode for the Singapore Grand Prix
    September 14, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,765.17
$26,765.17
1.13%
Ethereum
$1,605.00
$1,605.00
1.46%
Cardano
$0.248001
$0.248001
1.71%
XRP
$0.506046
$0.506046
1.27%
Dogecoin
$0.061826
$0.061826
0.5%

Spotlight

  • Bitcoin Printing Fakeout Rally Into Death Cross, Says Top Crypto Analyst Benjamin Cowen – Here Are His Targets
    September 14, 2023
  • Bloomberg Analyst Issues Bitcoin Warning, Says BTC Has Hit ‘Exit Signal’ and Could Go Even Lower
    September 14, 2023
  • Two Ethereum Rivals Overtake Cardano on One Critical Metric, Says Crypto Analytics Firm Santiment
    September 14, 2023
  • Arthur Hayes Says Bitcoin (BTC) and Crypto Can Rise With or Without the Fed’s Money Printer
    September 14, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl