Bitcoin Next Big Move In Mid-April? Analyst Explains Why ‘Decision Time’ Could Be Near

As Bitcoin (BTC) attempts to reclaim a key resistance area, an analyst has suggested that the end of BTC’s two-month consolidation could be weeks away, potentially opening “generational opportunities” before the next bull run. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Could Keep Crashing This Week Bitcoin Consolidation’s End May Be Weeks Away On Monday, Bitcoin jumped 5% from Sunday’s lows to a key area for the first time in April. Notably, the flagship cryptocurrency has been trading between $62,000-$74,000 over the past two months but has not reached the upper end of its range since late March. Now, BTC is retesting the $69,000-$70,000 resistance area, which could set the stage for a crucial short-term move. Market observer Ted Pillows stated that if the cryptocurrency reclaims this zone, a rally towards $72,000-$74,000 could happen. On the contrary, a rejection would likely see Bitcoin drop to the $65,000-$66,000 support zone, where price has held over the past mon