Bitcoin’s market structure is shifting back to bulls, increasing the chance of BTC price seeking new all-time highs.
Bitcoin’s (BTC) price is off to a swift start in Q2, rallying by 5.53% to an intraday high of $87,333 on April 2. Currently, Bitcoin is emerging from a ten-week downtrend that began on Jan. 20 when the price peaked at $110,000.
A decisive close above the trendline might lead to continued bullish momentum for Bitcoin in the coming days.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
