Despite recent market volatility and indicators showing uncertainty, executives and analysts believe that the peak of Bitcoin has not yet arrived. Cryptocurrencies had previously dropped significantly below the $60,000 mark, but later rebounded to $63,167, a 6% increase within just 24 hours. This recovery has sparked optimism among investors, with some viewing the current volatility as a buying opportunity. Tom Lee of Fundstrat and other analysts believe that the recent decline is a healthy adjustment driven by profit-taking and does not signify the end of the Bitcoin bull market cycle. However, analysis by AMBCrypto of Bitcoin's annual expenditure data and network realized profit and loss data suggests that the market may not have bottomed out yet, contradicting the optimistic sentiment. Additionally, a report by Glassnode indicates an increase in Bitcoin outflows in April, suggesting selling pressure in the market.

Market Analysis:

BTC: On the 4-hour chart, the price continues to stay above the Bollinger Band midline, showing continued strength in its trend.

On the daily chart, the price has regained support from the moving average, indicating a strong trend.

In summary, the support level is at 63600, and the resistance level is at 64100.

ETH: On the 4-hour chart, the price continues to stay above the Bollinger Band midline, showing continued strength in its trend, with support at 3120 and resistance at 3150.

LTC: The price continues to oscillate near the Bollinger Band midline, showing a neutral trend, with support at 80 and resistance at 83.

BCH: The price continues to stay above the Bollinger Band midline, showing continued strength in its trend, with support at 450 and resistance at 480.

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