Price predictions 4/30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Bitcoin’s low 7-day volatility could be a sign that a range expansion is in the making. Cointelegraph checks the altcoin charts to see which could follow.
Key points:
Bitcoin’s 7-day volatility is the lowest in 563 days, signaling an impending range expansion.
Bitcoin’s breakout above $95,000 could swiftly take it to $100,000 and above.
Although the probability is low, traders should remain cautious about a pullback in the near term.
BTC
$97,116
has been trading in a tight consolidation near the $95,000 level for several days. K33 Research head of research Vetle Lunde said in a post on X that Bitcoin’s 7-day volatility has hit a 563-day low.
A range expansion usually follows a low-volatility period. Although it is difficult to predict the direction of the breakout, a tight consolidation just below a crucial resistance increases the likelihood of an upside rally. Several analysts are also optimistic that Bitcoin’s break will occur to the upside.
Although signs point to a possible breakout to the upside, traders should remain cautious. Sometimes, short-term buyers book profits when the price fails to break out to the upside. That leads to a short-term pullback.
Could Bitcoin break above $95,000, or is a correction around the corner? How are the altcoins placed? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Bitcoin bulls are struggling to push the price above the $95,000 barrier, but a minor positive is that the buyers have not ceded ground to the bears. That suggests the bulls have kept up the pressure.
