Analysis and Expectations of the Crypto Currency Market in 2024

In 2024, the cryptocurrency market was shaken by many important developments. The approaching halving event and the increased demand in the ETF channel created positive expectations among investors, while rocket attacks by Iran overshadowed these expectations. Events such as delays in the SEC’s ETF approval process and the hacking of account X were some of the challenges the market faced. Investment and Market Dynamics The prices of Bitcoin and other cryptocurrencies showed significant volatility in April 2024. Whales accumulated significant amounts of Bitcoin from March onwards, while at the same time, big sell walls and critical resistance points emerged in the market. The $64,000 level in particular created significant selling pressure. Expert Analyses and Predictions Popular analysts like Skew emphasized the importance of closures above the $62,000 level for Bitcoin, while Whalemap noted that the $52,000 and $48,000 levels should be considered critical support points in extreme selling scenarios. Santiment […]

Analysis and Expectations of the Crypto Currency Market in 2024

In 2024, the cryptocurrency market was shaken by many important developments. The approaching halving event and the increased demand in the ETF channel created positive expectations among investors, while rocket attacks by Iran overshadowed these expectations. Events such as delays in the SEC’s ETF approval process and the hacking of account X were some of the challenges the market faced.

Investment and Market Dynamics

The prices of Bitcoin and other cryptocurrencies showed significant volatility in April 2024. Whales accumulated significant amounts of Bitcoin from March onwards, while at the same time, big sell walls and critical resistance points emerged in the market. The $64,000 level in particular created significant selling pressure.

Expert Analyses and Predictions

Popular analysts like Skew emphasized the importance of closures above the $62,000 level for Bitcoin, while Whalemap noted that the $52,000 and $48,000 levels should be considered critical support points in extreme selling scenarios. Santiment reported that large investors continued to buy, and despite selling pressure, interest in Bitcoin remained strong.

Useful Information

Halving events and ETF approval processes are important factors affecting Bitcoin prices.
Even in market fluctuations, large investors (whales) continue to accumulate Bitcoin.
The $52,000 and $48,000 levels should be considered important support points in extreme selling scenarios.
Regional tensions and international political events can directly affect cryptocurrency markets.

In conclusion, the cryptocurrency markets in 2024 are facing many challenges arising from both technical and geopolitical factors. Investors should be cautious in the face of such situations and should continuously monitor market dynamics.

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