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.
Contributor
Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
BTC.X in downward trend: price may decline as a result of having broken its higher Bollinger Band on September 03, 2026
BTC.X broke above its upper Bollinger Band on September 03, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 61 similar instances where the stock broke above the upper band. In 19 of the 61 cases the stock fell afterwards. This puts the odds of success at 31%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on September 04, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 10 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 23%.
The Momentum Indicator moved below the 0 level on September 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In 40 of 143 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 28%.
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on September 04, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 66 similar instances when the indicator turned negative. In 19 of the 66 cases the stock turned lower in the days that followed. This puts the odds of success at 29%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 30%.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
BTC.X moved above its 50-day moving average on August 17, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BTC.X crossed bullishly above the 50-day moving average on August 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 4 of 22 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 18%.
The 50-day moving average for BTC.X moved above the 200-day moving average on September 08, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +0.92% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in 128 of 424 cases, the price rose further within the following month. The odds of a continued upward trend are 30%.
The Aroon Indicator entered an Uptrend today. In 146 of 397 cases where BTC.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 37%.
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