April Will Be Crucial For Bitcoin, Important Analyst Says

It’s been revealed that April will be an extremely important month for Bitcoin. Check out the latest reports coming from a veteran crypto analyst.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $43,471.

A popular crypto trader believes that April will be a crucial month for Bitcoin’s price momentum.

The pseudonymous analyst Dave the Wave recently said that Bitcoin’s monthly and weekly moving average convergence divergence (MACD) metrics are moving downward.

MACD metrics are trend-identifying indicators.

“Long-term monthly chart reasserting itself; current candle turning red and MACD continuing down,” the analyst said.

He continued:

“This will be a crucial month [in my opinion] — can price stay green, and can the histogram/momentum strengthen?”

As the online publication the Daily Hodl notes, the analyst has also updated his chart mapping out his predictions for Bitcoin’s “road to $500,000.”

Also, check out his following tweet.

This represents in visual form the phenomenon of diminishing returns [lesser height, more time]. As far as ‘multi-year cycles’ go, I think they are becoming redundant in an increasingly liquid/ mature market. Better to think of diminishing ‘cycles’ as opposed to lengthening ones.

— dave the wave🌊🐫 (@davthewave) April 4, 2022

Bitcoin and crypto adoption is also going great.

A new survey is out, and it was released by the Gemini exchange. Check out the interesting details that have been also addressed by the online publication the Daily Hodl.

It’s been revealed that a study conducted by crypto exchange platform Gemini finds that crypto adoption reached a crucial tipping point in 2021.

In a new report, Gemini surveyed more than 29,000 adults in 20 countries. This has been made in an effort to gauge the world’s awareness and attitude toward digital assets.