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A renowned cryptocurrency market expert says Bitcoin is on the verge of a historic trend.

Capital, a well-known cryptocurrency market analyst, has announced that Bitcoin is likely to break through its significant downward trend resistance in April. According to him, this trend line has caused Bitcoin to decline since reaching its peak price in November 2021. Breaking through it could initiate a new and historic upward trend for this cryptocurrency. It is worth noting that Bitcoin’s price has decreased by about 0.2% in the last 24 hours and is currently around $28,380.

Data from Santiment shows that the market value of the top 5 stablecoins have plummeted 21% in the past year.

In the cryptocurrency market, namely Tether, USDCoin, Binance USD, DAI, and TrueUSD, has reached $125.9 billion and has decreased by more than 21% compared to a similar period in 2022. However, this index has increased by over 100% compared to a similar period in 2021. Many analysts believe that the policies and strict measures of American lawmakers have played a role in this.