Bitfinex: Bitcoin rose 14% in April, the current key support level is $95,000
the latest report released by Bitfinex shows that Bitcoin rose by 14.08% in April, rebounding from a low of $74,501 at the beginning of the month to nearly $98,000, surpassing historical average performance. The current key support level is $95,000, and if this range can be maintained, it may lay the foundation for a return to historical highs. On-chain data shows that miner reserves remain stable, and the Puell Multiple indicator shows that miners currently have no large-scale selling motivation, indicating that the market's structural bullish signal remains strong. Although the short-term trend still needs to be observed, the overall trend is inclined to continue upwards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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