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BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

Bitcoin (BTC) has recouped much of January’s losses and now traders’ focus is shifting to April, which has historically been a strong month. According to Coinglass data, Bitcoin only ended April in the red three times, and the worst monthly loss was a 3.46% drop in 2015.

Although history favors the bulls, the Whale Shadows indicator has found that more than 11,000 bitcoin left a wallet sitting dormant for seven to 10 years. According to independent MA analyst Phillip Swift, the movement of similarly sized amounts of dormant accounts has generally resulted in a large top.

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Daily performance of the cryptocurrency market. Source: Coin360

In addition to keeping an eye on the crypto markets, traders should also follow the development of the US stock markets for clues as Bitcoin has been closely correlated with the stock markets over the past few weeks.

Could Bulls Clear Bitcoin’s Overhead Hurdle and Pick Altcoins and Extend Strong Recovery from the Lows? Let’s study the charts of the top 10 cryptocurrencies to find out.