* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, July 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Bull of the Day: Credo Technology Group (CRDO) – Yahoo Finance

    Bull of the Day: Why Credo Technology Group (CRDO) Is Poised for a Breakout

    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

    Polypurine Hairpin Technology: A Safe and Powerful Breakthrough for Controlling Cholesterol by Targeting PCSK9

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Bull of the Day: Credo Technology Group (CRDO) – Yahoo Finance

    Bull of the Day: Why Credo Technology Group (CRDO) Is Poised for a Breakout

    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

    Polypurine Hairpin Technology: A Safe and Powerful Breakthrough for Controlling Cholesterol by Targeting PCSK9

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Analyst Predicts Bitcoin to Hit $86,500 in April, Citing Bullish Trends and Market Sentiment

April 4, 2024
in Business
Analyst Predicts Bitcoin to Hit $86,500 in April, Citing Bullish Trends and Market Sentiment
Share on FacebookShare on Twitter

Zduńczyk expects Bitcoin to reach US$86,500 by April’s end, driven by positive market indicators.
He noted increased risk and volatility with key indicators like BPRO and RSI highlighting potential challenges.
Market sentiment shows extreme greed; historical gains suggest a bullish outlook with halving event influence.

Adrian Zduńczyk, CMT (Chartered Market Technician) also known as crypto_birb on X, has taken to his 650k followers on the platform to share his thoughts on the current market and the outlook for the rest of April. As a financial consultant, Zduńczyk’s expertise is backed by his CMT credential, a leading qualification for technical analysts often held by people employed by major firms like Morgan Stanley, Wells Fargo, Fidelity, and Bloomberg.

Learn more about how to analyse crypto before buying in our comprehensive guide.

Zduńczyk says he expects Bitcoin to reach US$86,500 (AU$131,512) by the end of April.

In his analysis, Zduńczyk highlights the current bull market’s drivers, including upward trends in the 200-week and 50-week averages, increased ETF demand, and the anticipation of the upcoming halving event.

He notes a strong 7-week correlation with the S&P 500 at 0.79 and a Net Unrealised Profit/Loss (NUPL) of 0.6, indicating most traders are currently in profit.

Bull Market: 200-week & 50-week trends rising. ETFs & halving (16 days left) boost demand.

Adrian Zduńczyk

BPRO and RSI Hint at Increased Risk and Volatility

Zduńczyk points out increased risk and volatility, with daily prices fluctuating between US$59k (AU$89.7k) and US$74k (AU$112.5k). Key indicators such as the 200-day Simple Moving Average (SMA) and the 200-day Bullish Percentage Oscillator (BPRO) show significant upward trends, yet 50-day momentum is stalling, and RSI stands at 48, signalling growing volatility.

Source: Adrian Zduńczyk @crypto_birb via X

He remarks on bearish conditions and choppy trading evidenced by a notable US$250k (AU$380k) trade stopped for a loss and resistance levels around $71.7k (AU$109k) to $71.9k (AU$109.31k).

Unlike the Bullish Percent Index (BPI) that tracks the percentage of assets in bullish patterns within a given index, the Bullish Percentage Oscillator (BPRO) is a momentum indicator that measures the extent and speed of price changes over a specific period. It evaluates the rate at which prices are rising or falling, helping investors gauge the strength of a trend.

The Relative Strength Index (RSI) on the other hand is a technical analysis tool that measures the velocity and magnitude of recent price changes to identify overbought or oversold conditions in an asset’s price. 

The RSI operates on a scale from 0 to 100 and can signal potential trend reversals or corrective price pullbacks, guiding buy and sell decisions. An RSI above 70 suggests an overbought state, while below 30 indicates oversold conditions.

Related: Aussie Analyst Warns Market Correction Could Worsen Under This Condition

Further Zduńczyk said that market sentiment is characterised by extreme greed as seen in the Fear & Greed Index, and miners are profitable at prices above US$56.2k (AU$85.43). The market is currently in a ‘belief’ phase, he added.

Seasonally, according to Zduńczyk, the month opened at $71k ($107.9k), with April historically averaging gains of +21.95%, targeting $86.5k (AU$131.5k).

Halving: ‘buy the rumor, sell the news’ heuristic expected; BTFD dip hunt setup.

Adrian Zduńczyk

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoNews.com.au – https://cryptonews.com.au/news/analyst-predicts-bitcoin-to-hit-86500-in-april-citing-bullish-trends-and-market-sentiment-119513/

Tags: AnalystbusinessPredicts
Previous Post

Ripple to Launch USD-Backed Stablecoin on Ethereum and XRP Ledger

Next Post

Which Will be the Top Meme Coins in April? ChatGPT Analyzes

Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

July 21, 2025
Fanatics aided criminal investigation into sports memorabilia dealer. The dealer was later found dead. – The Athletic – The New York Times

Fanatics Helped Crack Sports Memorabilia Case Before Dealer’s Mysterious Death

July 21, 2025
Architecture Students’ Project Selected for Royal Academy Exhibition – Syracuse University News

Syracuse Architecture Students Selected for Prestigious Royal Academy Exhibition

July 21, 2025
Health experts raise alarm over RFK Jr’s ‘war on science’ amid mass firings and budget cuts – The Guardian

Health Experts Sound the Alarm on RFK Jr’s ‘War on Science’ Amid Mass Firings and Budget Cuts

July 21, 2025
Do dogs know who’s kind? Scientists put it to the test—and got a surprise – ScienceDaily

Do dogs know who’s kind? Scientists put it to the test—and got a surprise – ScienceDaily

July 21, 2025
Making these lifestyle changes reduces chronic disease, even if you have a genetic risk – WPBF

Transform Your Health: Simple Lifestyle Changes That Slash Chronic Disease Risk-Even If It Runs in Your Genes

July 21, 2025
Win a VIP trip to Tokyo – worldathletics.org

Win an Exclusive VIP Trip to Tokyo – Enter Now for Your Chance!

July 21, 2025
Under Governor Shapiro, Pennsylvania is a National Leader in Economic Growth, AI Innovation, and Energy – PA Department of Community & Economic Development (.gov)

Under Governor Shapiro, Pennsylvania is a National Leader in Economic Growth, AI Innovation, and Energy – PA Department of Community & Economic Development (.gov)

July 21, 2025
12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

July 21, 2025
AI in health care could save lives and money — but not yet – PBS

AI in health care could save lives and money — but not yet – PBS

July 21, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (731)
  • Economy (754)
  • Entertainment (21,639)
  • General (16,014)
  • Health (9,792)
  • Lifestyle (762)
  • News (22,149)
  • People (756)
  • Politics (763)
  • Science (15,971)
  • Sports (21,252)
  • Technology (15,737)
  • World (737)

Recent News

Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

July 21, 2025
Fanatics aided criminal investigation into sports memorabilia dealer. The dealer was later found dead. – The Athletic – The New York Times

Fanatics Helped Crack Sports Memorabilia Case Before Dealer’s Mysterious Death

July 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version