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May 04, 2018

Bitcoin Surged in April – Will the Rally Continue?

Is the Bitcoin bear market over?

When Bitcoin reached a high of $19,343 on December 16, 2017, investors were of the mind that sky was the limit. What happened next was the biggest reality check the cryptocurrency has ever seen. From mid-December through essentially late-March, Bitcoin’s price plummeted some 65%, and with the benefit of hindsight, one could argue that it displayed traits commonly found in equity bear markets: a steep, scary drop, followed by a dead cat bounce (February), followed by another down leg. Bear markets often deplete investors’ hopes in cruel ways, and for many, Bitcoin’s bear did just that.

But maybe the dark times are over. One could argue that since late March, Bitcoin’s price has found a support level, moving in a sideways trading range of about $6,600 to $7,000. But something interesting happened on April 11, when the price of Bitcoin broke out to the upside and has continued to make strides higher to date. The question is, is Bitcoin officially in recovery mode, meaning that the rally could continue??

Some technical traders and analysts are now keeping an eye on the 50-day moving average of about $8,600, labeling that price as a key support. The 150-day moving average is higher, at about $9,700, which could also define when Bitcoin could earnestly charge through those levels if it continues to breakout. Tickeron’s AI sees something else.

Tickeron’s Artificial Intelligence Sees Bullish Possibilities in Bitcoin Trading Patterns

Tickeron’s AI confirmed a “Wedge Falling” Bullish pattern for Bitcoin (BTC.X) in mid-April and thinks with greater than 25% confidence that the price of Bitcoin could surge to around $11,500 if the pattern plays out. For investors, that could mark an almost +20% surge from the current level of ~$9,600. On the chart below, you can see the AI’s thinking and details about the pattern formation:

 

 

Ready to Try and Capitalize? How to Trade a “Wedge Falling” (Bullish) Pattern

Tickeron’s AI can deliver you technical pattern formations, trade ideas, breakout prices, and target prices. You let the algorithms do all the work, and then pick the trades that make the most sense for you. It’s that easy. Learn more now and start a FREE 45-day trial: Artificial Intelligence for Trades in Stocks, Cryptocurrencies, ETFs, and more.

For a “Wedge Falling” (Bullish) pattern, a trader should consider going long the cryptocurrency at the breakout price, or perhaps purchase a call option in anticipation that the security’s price will rise. Once the target price is reached, either sell the security or check Tickeron’s AI to see if a new pattern has formed.

Trading cryptocurrencies is a new art, a new science. Tickeron has developed Artificial Intelligence to help you navigate the complex trading world. Find out how you can use algorithms to find patterns in the securities markets today, so you can trade with data – not emotions. Get started on tickeron.com.

Related Ticker: BTC.X

BTC.X in downward trend: price dove below 50-day moving average on October 27, 2025

BTC.X moved below its 50-day moving average on October 27, 2025 date and that indicates a change from an upward trend to a downward trend. In of 48 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Momentum Indicator moved below the 0 level on November 03, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In of 138 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 50-day moving average for BTC.X moved below the 200-day moving average on November 16, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for BTC.X entered a downward trend on November 28, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BTC.X's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BTC.X just turned positive on November 27, 2025. Looking at past instances where BTC.X's MACD turned positive, the stock continued to rise in of 67 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 435 cases, the price rose further within the following month. The odds of a continued upward trend are .

BTC.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Market Cap

The average market capitalization across the group is 1.81T. The market cap for tickers in the group ranges from 1.81T to 1.81T. BTC.X holds the highest valuation in this group at 1.81T. The lowest valued company is BTC.X at 1.81T.

High and low price notable news

The average weekly price growth across all stocks in the group was 7%. For the same group, the average monthly price growth was -16%, and the average quarterly price growth was -14%. BTC.X experienced the highest price growth at 7%, while BTC.X experienced the biggest fall at 7%.

Volume

The average weekly volume growth across all stocks in the group was -7%. For the same stocks of the group, the average monthly volume growth was -46% and the average quarterly volume growth was -17%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: (-100 ... +100)
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BTC.X
Daily Signal:
Gain/Loss:
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These past five trading days, the crypto lost 0.00% with an average daily volume of 0 shares traded.The crypto tracked a drawdown of 0% for this period.
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