While Bitcoin price hovers around $70,700, the crypto markets are gearing up for April and the upcoming Bitcoin block reward halving. The halving will reduce the new Bitcoin supply entering the market by half, often leading to price increase expectations. Investors are considering a potential increase for Celestia (TIA) Coin in April.
TIA Coin is seen as having high potential, and funding in futures trades is positive, indicating an expectation of a rise. The MACD indicator is also giving more bullish signals. Bitcoin’s price is expected to reach $73,777, which could mean new highs for TIA Coin.
The Future of TIA Coin
The potential for Celestia to recover from mid-March and reach $18 creates optimism in the market. However, there are barriers for a rally due to prevailing negative sensitivity for TIA Coin. If negative sensitivity prevails, the price could potentially drop to $11.5.
In the event of a rally, TIA Coin would face resistance above $18.6 and could potentially aim to reach $21.12 in a strong rally, which would be the highest level on the Binance exchange. A further rise to $28-30 could be possible in the near future.
Expectations for Investors
The market’s path after April and the Bitcoin halving is crucial for investors. The performance of altcoins like TIA Coin is expected to depend on movements in the Bitcoin price.
0 Comment