Bitcoin (BTC) Surges Past $64,000 as Altcoins Recover

Bitcoin (BTC) has bounced past $64,000 ahead of the April 28 weekly close, with altcoins also experiencing a recovery. According to data from Cointelegraph Markets Pro and TradingView, BTC price momentum has strengthened over the weekend, reversing weekly lows of $62,400 to maintain higher ground.

Key Points:

• BTC/USD bounces past $64,000 ahead of weekly close
• Altcoins experience recovery, with total altcoin market cap up 1% on the day
• Trader Skew suspects sell-side pressure will limit BTC advance
• Moustache predicts a full-fledged "altseason" rivaling 2017's market ascent
• Tether (USDT) dominance chart suggests a potential "backtest"
• Trader Daan Crypto Trades awaits cues from "TradFi" trading, including Bitcoin futures
• Alan Tardigrade sees a "very bullish" BTC price structure, predicting a solid bull run

Market Analysis:

The recent price action has sparked optimism among traders, with some predicting a significant altcoin season and a potential bull run for Bitcoin. However, others remain cautious, expecting sell-side pressure to limit BTC's advance. The monthly dominance chart for Tether (USDT) suggests a potential "backtest," which could impact altcoin performance. As the market awaits the start of "TradFi" trading, including Bitcoin futures, traders are closely monitoring price movements for cues on the crypto market's trajectory.