Price analysis 4/24: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL By Cointelegraph

(BTC) managed to stay above $27,000 for the past three days, but its 9% loss last week spooked some newbie traders. Glassnode data shows that short-term holders who acquired Bitcoin less than 155 days ago have been moving coins to the exchanges at a loss since April 16.

While short-term traders are panicking and focusing on the $25,000 level on the downside, some analysts are turning bullish for the next year. Bloomberg Intelligence analyst Jamie Douglas Coutts expects Bitcoin to reach $50,000 by April 2024.