Bitcoin (BTC<\/a>) preserved new 10-month highs at the April 14 Wall Street open as analysts kept hoping for further gains.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD consolidating around $30,700 after spiking past the $31,000 mark<\/a>.<\/p>\n The pair saw no major retracement as it headed further into grounds it originally lost in June 2022.<\/p>\n Now, market participants eyed the potential for bulls to capitalize on existing momentum with the help of positive macro trends.<\/p>\n United States equities opened higher, with the S&P 500 and Nasdaq Composite Index both up 0.3% at the time of writing.<\/p>\n \u201cWith stocks opening up hot, BTC was able to maintain above the previous range high,\u201d popular trader and analyst Josh Rager told<\/a> Twitter followers after the open. <\/p>\n \u201cThink we can see a retest and push higher here above $31k+.\u201d<\/p><\/blockquote>\n Others also considered the possibility of BTC\/USD hitting $32,000 or more in the short term before taking a more pronounced time out.<\/p>\n #BTC<\/a>‘s recent breakout means that price is now entering the $28800-$33000 range (orange-blue)<\/p>\n It’s unclear whether $BTC<\/a> needs to dip to solidify ~$28800 as support before jumping to $33000<\/p>\n But at the moment, more arguments for upside at this time#Crypto<\/a> #Bitcoin<\/a> https:\/\/t.co\/85DjLHoZnD<\/a> pic.twitter.com\/Nx7bQx0OWa<\/a><\/p>\n \u2014 Rekt Capital (@rektcapital) April 13, 2023<\/a><\/p><\/blockquote>\n \u201cI believe the next stop is just a hair above $33,000, where we\u2019ll encounter the 100 moving average, on the weekly time frame,\u201d macro analyst Jesse Dow continued<\/a> in part of Twitter analysis during the week.<\/p>\n \u201cDon\u2019t forget we have bullish divergence and convergence on the weekly. And this has NEVER failed after we\u2019ve seen at least a 75% drop in Bitcoin\u2019s price, from the previous cycle.\u201d<\/p><\/blockquote>\n Zooming out, the importance of the current range for spot price became all the more visible, with $31,000 acting as support through 2021 until the June 2022 breakdown.<\/p>\n As various popular figures called the start of an \u201caltseason,\u201d one staying firmly bullish on BTC was veteran trader Peter Brandt.<\/p>\n Related:\u00a0What Bitcoin bear market? BTC price closely copying old halving cycles<\/a><\/em><\/strong><\/p>\n In a tweet on April 13, Brandt revealed long positions on Bitcoin in addition to stocks in a further suggestion that the worst of the bear market was now over.<\/p>\n Heading to MN for the summer. Current Factor LLC positions with trailing stops \u2014 Peter Brandt (@PeterLBrandt) April 13, 2023<\/a><\/p><\/blockquote>\n Previously, former BitMEX CEO Arthur Hayes had revealed<\/a> a rethink on his own investment strategy, opting to increase crypto exposure.<\/p>\n \u201cThe ensuing Bitcoin rally will be one of the most hated ever,\u201d he predicted<\/a> in a blog post released last month.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/d3611cb0-cbac-4238-99fa-b3b7d4803f6d.png\")
$31,000 revealed as make-or-break trend line<\/h2>\n
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Brandt stays long Bitcoin<\/h2>\n
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Long Nasdaq $NQ_F<\/a>
Long Gold vs. YPY $GC_F<\/a> $G6J_F
Long Bitcoin $BTC<\/a>
Long Gold $GC_F<\/a>
Long London Cocoa (not shown) $LCC_F<\/a> pic.twitter.com\/FH2o0LxZEz<\/a><\/p>\n