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- Bitcoin price may have printed the final bottom for spring.<\/strong><\/li>\n
- Ethereum could see a countertrend rally to $3,150.<\/strong><\/li>\n
- XRP price action is still disappointing, but holdlng could pay off<\/strong><\/li>\n<\/ul>\n
The cryptocurrency market could be establishing a bottom that will only be noticed in retrospect. Traders may have been experiencing sell-offs and fakeouts all month. The games played could be smart money’s involvement before the market rallies. Bitcoin, Ethereum and XRP could experience more sideways price action before a new rally is confirmed.\u00a0<\/p>\n
Bitcoin signals\u00a0whales in the market<\/strong><\/h2>\n
Bitcoin price\u00a0magnet-like price action<\/a>\u00a0around $41,300 and $39,700 hints that whales may be trying to accumulate the digital asset. The criteria could fit perfectlky as a\u00a0Bitcoin Wycoff<\/a> accumulation phase.\u00a0Investors should consider a dollar-cost approach at these levels to avoid missing out on a good entry in retrospect. The next target for Bitcoin price lies somewhere in the\u00a0$36,000 zone<\/a>\u00a0if the bulls cannot hold the swing low at 37,701.\u00a0<\/p>\n
![\"TM\/BTC\/4.29.22\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCUSD_2022-04-29_09-05-39-637868555697073071.png\")
<\/p>\nBTC.\/USDT 4-Hour Chart<\/small><\/strong><\/p>\n
Invalidation of the Macro\u00a0Bitcoin triangle<\/a>\u00a0lies at $28,000. If $28,000 is breached, traders should have enough steam to push the BTC price as low as $17k resulting in a 40% correction from the current Bitcoin price.\u00a0<\/p>\n
Ethereum price could shake out greedy bears<\/strong><\/h3>\n
Ethereum price still trades below the\u00a0$3,000 zone<\/a>. The ETH price currently trades at $2,850 as the bears have validated last week’s bearish thesis by tapping $2,750<\/a>\u00a0earlier this week.<\/p>\n
ETH price has breached the weekly trend line again but now trades above it at $2,850. This is the first sign of the bull rally everyone is hoping for. In addition, the ETH price could be coiling into an ending diagonal pattern on the 8-hour chart. The Relative Strength Index displays bullish divergence in oversold territory, which further confirms that the downtrend could briefly come to a halt. The bullish target is $3,150<\/p>\n
- Ethereum could see a countertrend rally to $3,150.<\/strong><\/li>\n
![\"TM\/ETH.4.29.22\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHUSDT_2022-04-29_09-28-03-637868557735663590.png\")
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