Bitcoin's Historic Moment: Analysts Predict Bullish Uptrend and Price Surge.
A crypto analyst predicts that Bitcoin will break a macro downward resistance in April, which has kept it bearish since hitting its all-time high in 2022. The analyst notes that Bitcoin tends to break macro downtrend around a year before its upcoming halving, which is slated for April 2024. Another factor favoring Bitcoin is a quarterly bullish engulfing candle, which historically has preceded multiple quarters of upside. Meanwhile, another analyst points out that Bitcoin now plays a different role in investors' portfolios than it has in the past, as it is now an effective way to preserve wealth and store value.