Digital assets achieve a considerable rise headed by SUI, followed by Dogecoin (12%), Avalanche (11.2%) and Ethereum (11.02%).
Cryptocurrencies rise to 19.2% this Tuesday, April 22, in line with the Wall Street rebound. After several days down, digital assets achieve a considerable rise headed by SUI, followed by Dogecoin (12%), Avalanche (11.2%) and Ethereum (11.02%). Meanwhile, Bitcoin exceeds US $ 92,000, according to Binance.
In Wall Street, the actions rose strongly. The index Dow Jones Industrial Average He advanced More than 1,000 pointsor a 2.8%. He S&P 500 He advanced 2.9%and the Nasdaq Composite climb 3.3%.
What the market analyzes
In this volatile environment, technical analysis gains prominence again. The renowned analyst Doctor Profit He had anticipated with surprising precision the recent behavior of Bitcoin. In a publication made March 21projected a rebound from the 50 -week exponential mobile average (EMA 50) —What he calls “the golden line” – located around the $ 76,000with a subsequent rise to the U $ S area87,000 Au $ S88,000exactly what has happened during April.
The prognosis was based in part on the relationship between Bitcoin and the M2 monetary offer, an indicator that Dr. Profit considers underestimated by the market. According to his vision, the rally started in September 2024 already discounted the expansion of liquidity observed since February, contrarying the dominant narrative between investors.
Now, the focus is on the Next phase of the movement: An eventual correction towards the range of US70,000 Au $ S74,000. According to the analyst, this area will mark a turning point. If the price only marks a temporary “wick” in that region and then closes above the golden line, a bullish reversal would be consolidated, favoring the accumulation of long positions. On the contrary, a sustained closure below that support could open the door to a deeper fall, even up to US $50,000 In an extreme scenario, which the analyst describes as a possible “black swan”.
Despite this short -term bearish warning, Doctor Profit maintains a positive vision for the second semester of 2025. He estimates that, after the correction of April or early May, the market could resume its upward trend towards new historical maximums in the US $ S120,000 Au $ S40,000 between May and June.
For now, with Bitcoin quoting at US $ 87,526 and rising more than 3% dailyall eyes are put in the evolution of the price and in whether it will consolidate a weekly candle above US $100,000which would completely invalidate the current bearish thesis and mark the beginning of a new bullish cycle.
Source: Ambito
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