The crypto markets have once again turned green today, with many coins reclaiming levels close to their yearly highs. Bitcoin’s price is currently hovering above $28,000, displaying the accumulated strength within the crypto space that may soon lift the entire market even higher.
However, the approaching quarterly close could indicate massive market volatility, so the cryptos are expected to remain above their respective resistance levels, potentially igniting a significant rally in the coming quarter.
Presently, the BTC price is experiencing a minor pullback, which may drop further below $28,000. In such a case, will the bullish trajectory be invalidated, or will the bulls regain their dominance and push the price higher?Â
Popular analyst Michael van de Poppe presents some price levels, according to which the BTC price is required to break above $28,500 to reach $30,000.
The analyst also presents price levels for other cryptocurrencies, such as Ethereum, where a breakout above $2,000 is mandatory. Meanwhile, Litecoin may be preparing for a halving rally, while other altcoins like Polkadot, Avalanche, Curve, Solana, and Chainlink may witness a significant jump of over 15% to 25% after a bullish breakout.
Currently, Bitcoin, Ethereum, and Avalanche are closer to undergoing a notable breakout, which may ignite a significant upswing ahead. The BTC price is trading at $28,259, with a jump of 1.92%, while the ETH price is at $1,813, with a 3.36% increase. Other mentioned altcoins have also flipped marginally from the bearish captivity. While the upcoming weekend may be crucial in determining the next move for these popular tokens.