Recent recovery in the cryptocurrency market indicates a bullish trend for Bitcoin (BTC)
$ 94,289 prices. According to Matrixport’s evaluation dated April 23, as investor risk appetite increases and market uncertainties diminish, the likelihood of Bitcoin surpassing the $95,000 level strengthens.
Market Warms Up as Fear Eases
The recent rebound in Bitcoin supports previously optimistic predictions for the cryptocurrency market. Notably, the increase in open positions in derivative markets shows that investors are willing to take on more risk, which heightens the probability of prices testing higher levels in the near future.
Bitcoin, Ethereum, and Solana – Matrixport Bitcoin has yet to surpass the critical psychological threshold of $95,000. However, investors’ concerns regarding external risk factors, like U.S. President Donald Trump’s comments on tariffs, have lessened. According to Matrixport experts, this situation could facilitate Bitcoin overcoming its resistances.
Overall, the trend signals an upward movement. The recent zigzag yet predominantly upward price chart indicates that buyers are dominating the market. Particularly, long-term investors resuming their positions supports the sustainability of this rally.
Ethereum and Solana Also Rally
Not just Bitcoin, but major altcoins like Ethereum (ETH) 
$ 1,797 and Solana (SOL) have also benefited from this upward movement. While Ethereum has seen a slight decline in its strong performance over the past few weeks, it still maintains significant investor interest. Solana has also observed a renewed increase in trading volumes.
Overall, Bitcoin has made a strong upward leap since the end of March. Ethereum’s performance appears more volatile, while Solana continues its horizontal movement within a specific range. Nevertheless, the overall trend indicates an increase in buying activities within the altcoin market.
The current upward momentum in the market is also supported by a rise in speculative trading volumes. Open positions on futures trading platforms have notably increased, indicating that investors are positioning themselves with expectations of high short-term gains.