Analysts suggest Bitcoin and 3 other cryptocurrencies to keep an eye on this week, with the potential to generate profit opportunities and purchases.

The first quarter of 2024 was turbulent for the crypto market, with Bitcoin notably appreciating by 91.36% from the minimum to maximum prices recorded between January and March this year.

After undergoing a prolonged period of sideways movement, signaling a crypto winter, we've seen that positive news and data serve as strong catalysts for price action.

Mattos points out that in retrospect, all these factors prompted Bitcoin to embark on a parabolic rally, marked by its departure from the year's lowest price of $38,555 on January 23rd to an accumulated appreciation of 91.36% at the historical peak reached in the first quarter of the year, $73,777 in March.

According to the analyst, consolidation between these prices will be entirely normal and anticipated, as sellers take profits and switch places with buyers positioning themselves for the next upward wave.

She notes that for Bitcoin's price to resume its upward movement, short- and medium-term resistances in the price ranges of $72,400 and $73,777 must be overcome with significant buying pressure.

In addition to Bitcoin, the analyst is also keeping an eye on Ethereum (ETH) and Pendle (PENDLE). In the case of ETH, she highlights that its price has been trading within a range between $3,446 and $3,650 since March 25th.

One token that has been surprising the market is Choise.com (CHO), which has already recorded over 1,100% appreciation in less than 60 days since the token's uptrend began. #bitcoin #PENDLE #ETH🔥🔥🔥 #Cryptocurrencies #CHO