US tech stocks in the Nasdaq Composite traded down -6.96% for the 1M window ending Apr. 18. But at the time, Bitcoin\u2019s price notched a gain just under 1% for the month\u2019s trades.<\/p>\n
That\u2019s after a remarkable 4-day, mid-April bounce back to the $85,000 handle from the first bear test as low as $75,000 since BTC soared past that level last November on its way to $109,000 on Jan. 20th.<\/p>\n
Meanwhile, Bitcoin prices<\/a> on crypto exchanges formed a bullish cup and handle chart pattern on the 1M view. The cup formed over 8 days from Apr. 4 through Apr. 12, with a long 6-day handle through Apr. 18.<\/p>\n 24H trade volume peaked at $98 billion on Apr. 7 in the middle of the cup and declined to below $21 billion by Friday, Apr. 18, as in many typical pre-rally markets.<\/p>\n That bullish cup and handle market signal occurred right around a crucial inflection point for Bitcoin\u2019s price along its long-term trend lines.<\/p>\n The total market capitalization trend continues to be upwards and is holding a crucial support level for #Crypto<\/a>. pic.twitter.com\/7uaK2IHs54<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 16, 2025<\/a><\/p>\n\n MN Capital founder Micha\u00ebl van de Poppe posted on Wednesday:<\/p>\n \u201cThe total market capitalization trend continues to be upwards and is holding a crucial support level for #Crypto.\u201d<\/p>\n The accompanying market chart for BTC displays the downward correction from $109,000 since January, converging with the long-term support trend line for Bitcoin\u2019s price since Q3 2023.<\/p>\n If BTC markets repeat the July through January rally\u2019s performance while staying above long-term support, its price would top $150,000 by October.\u00a0That target is in line with other analysts\u2019 expectations.<\/p>\n UK mega bank Standard Chartered forecasts $200,000<\/a> Bitcoin inside of 2025 and $500,000 by 2029.<\/p>\n Popular stock tips website Motley Fool says $200,000 BTC in 2025 is \u201cfairly probable.\u201d<\/p>\n BlackRock\u2019s Larry Fink says if something<\/a> really crazy happens in large hedge funds, markets could face $700,000 BTC.<\/p>\n The post Dutch Crypto Manager Spies Path For Bitcoin to $150K By October<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" US tech stocks in the Nasdaq Composite traded down -6.96% for the 1M window ending Apr. 18. But at the time, Bitcoin\u2019s price notched a gain just under 1% for the month\u2019s trades. That\u2019s after a remarkable 4-day, mid-April bounce back to the $85,000 handle from the first bear test as low as $75,000 since […]<\/p>\n","protected":false},"author":0,"featured_media":60660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60659"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60659"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60660"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}18mo. Support Line for Bitcoin Prices<\/h2>\n
$150,000 BTC by October?<\/h2>\n