Bullish Bitcoin, Ether Price Predictions For April 2022 and Metapolis’ Zilliqa (Up 80%) Moons

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Last Updated on 31 March 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Just before entering the second quarter of the year (you may remember that the second quarter was last year’s best), things seem to have turned around for crypto. Experts are shining their light on the possible price movement for the world’s biggest cryptocurrencies Bitcoin and Ether.

FX Street claimed that:

Ethereum price reveals its intention to move higher through the volume profile indicator. This indicator shows a low volume node at roughly $3,703, indicating that not a lot of volume was traded up to this level. This suggests Ethereum price will move into this area and consolidate around here to fill the inefficiency. In some cases, bulls could try to move into the high volume node present above, at $4,040.

Advertentie.

Bullish for Bitcoin

For Bitcoin, FX street’s outlook is also bullish, with their summary being:

In the case of Bitcoin price producing a weekly close above $52,000, there is a good chance the run-up might extend to $60,000.

Forbes seemed to agree on this. They were seen quoting Nigel Green, CEO of deVere Group, who stated that:

Bitcoin is up nearly 25% in the last 10 days, smashing through the $35,000-$45,000 band where it has been lodged since January.

It’s now edging nearer to the important $50,000 level. Should it also surge through this key price marker, we expect the current bull run would become supercharged as crypto FOMO would kick in—as it typically does when the bitcoin price shoots up.

Speaking to The Independent, GlobalBlock analyst Marcus Sotiriou claimed that the $625 million hack of the blockchain game Axie Infinity caused a short term pullback, which should be followed by a further leg up. Marcus said:

The dip has been bought up as bitcoin remains above $47,000, showing great strength amongst the news of the hack. One factor for this could be the positive news of Michael Saylor, CEO of MicroStrategy, obtaining a $205 million loan from Silvergate Bank, which is collateralised by bitcoin, in order to buy more bitcoin. The buy pressure of MicroStrategy and Luna Foundation Guard is understandably contributing to a strong uptrend in the short term.

Let’s see if they are all correct. If they are, we’re looking at a great start of April

Zilliqa

In case you haven’t noticed, a metaverse coin that has gone ballistic in the last few days is Zilliqa.

This is mostly because of the positive feedback from it’s project surrounding Metapolis, billed as the metaverse for all, which has announced a new partnership with global talent award app Agora. Yahoo Finance also put it on top of it’s crypto discussion this morning so expect interest to continue.

The official launch is scheduled for April 2, 2022 (in Miami). Rest of the price action will depend on the reception of Metapolis so be sure to take profits in time. FX street explains the technical validators in this morning’s piece.