Bitcoin still around $30. What's next for the price of the largest cryptocurrency?

After a very successful January and March on the market Bitcoin, April brought calm, and the increase in quotations of the main cryptocurrency in relation to USD amounted to only 2,67%. In March it was over 23%. BTC/USD appears to have reached a potential resistance zone below the $31 level, where it reversed in mid-April. Perhaps only exceeding USD 000 could open the way for bitcoin to higher levels, where the next potential resistances may fall in the region of USD 31 - 500.

Meanwhile, potential support may be at the level of USD 27 - USD 000, and crossing it could open the way towards USD 26. From the point of view of the situation in the BTC/USD chart, it can be said that the market, after an earlier increase, got stuck in a consolidation (sideways trend) and now bulls or bears must go on the offensive to break through the levels described above, which could move the current equilibrium price to the next place on chart.

USDT gains in popularity, USDC loses

The situation on the market still looks interesting stablecoinswhere capitalization USDT is growing week by week and already amounts to almost USD 82 billion. The previous record was set in May 2022 and amounted to USD 83,209 billion. At the same time, USDC's market capitalization is falling to $30,143 billion this week, down from nearly $2022 billion at its peak in June 56. The capitalization of BUSD is also gradually declining, approaching USD 6 billion from over USD 20 billion at the end of 2022. Therefore, the changes in the stable coin market are still ongoing.

Ethereum with resistance at $2150

Returning to the events on the main cryptocurrencies, it is impossible not to mention the situation on the course ETH / USD. Here, the quotations dynamically rejected the level around USD 2150. The shape of the monthly April candle does not seem to be optimistic due to the fact that the candle closes close to its opening while creating a large upper shadow. From the point of view of the chart, around USD 1790 may be a support for the quotations and exceeding it could lead to a larger correction in this market.