• Bitcoin prices passed $29,000 in the Q1 close, and is expected to break out of consolidation soon.
• Past price patterns suggest that the BTC price could surge above $30,000 in the first few weeks of April.
• Once this resistance is broken, a notable upswing may continue until H1 2023.
Crypto Market Analysis: What Can We Expect From Crypto Markets In Q2 2023?
The Q1 close was expected to be a massive one, pushing the Bitcoin prices above $29,000 and a step ahead toward $30,000. However, the price continued to consolidate within a narrow range displaying the possibility of continuing with a consolidated trend in the coming days.
Analyzing The Price Pattern
Bitcoin price usually follows a repetitive pattern from the past and has been following it finely. The past month’s breakout also carried the same legacy and hence is believed to print a couple of consecutive bullish monthly candles ahead.
Considering the previous data, one can expect a fine upswing in Q2 with the Bitcoin price soaring above $30,000 in the first few weeks of April. Once the price reaches the crucial resistance close to $35,000, a notable upswing may prevail until the end of H1 2023.
The upcoming quarter looks promising as far as crypto markets are concerned and investors should keep an eye on these market movements for better investment decisions.
„Sahana Vibhute“, A passionate cryptocurrency and blockchain author qualified to cover every event in crypto space. Researching minute occurrences and bringing new insights lie within prime focus of my task.