Bitcoin Price Could Rise Over the Weekend

The price of Bitcoin is currently at $67,850, while altcoins show signs of recovery. On April 5th, there was a net inflow of $204 million into the Spot Bitcoin ETF, but this figure is said to be below previous days. Bitcoin price predictions for the weekend are eagerly anticipated. Optimist Signals While the inflation data to be released on Wednesday causes concern in the markets, it is thought that the dominance in the ETF market may diminish after the large GBTC sale by Genesis. In addition, the Reserve Risk indicator continues to recover and suggests that long-term investors may start accumulating. Bitcoin Price Predictions Another data indicating the potential for a rise in Bitcoin price is the DAA Difference. If the active address count increases while the price decreases, it supports the accumulation trend and thus the signal for an increase. In addition, the Bitcoin halving event scheduled for April […]

Bitcoin Price Could Rise Over the Weekend

The price of Bitcoin is currently at $67,850, while altcoins show signs of recovery. On April 5th, there was a net inflow of $204 million into the Spot Bitcoin ETF, but this figure is said to be below previous days. Bitcoin price predictions for the weekend are eagerly anticipated.

Optimist Signals

While the inflation data to be released on Wednesday causes concern in the markets, it is thought that the dominance in the ETF market may diminish after the large GBTC sale by Genesis. In addition, the Reserve Risk indicator continues to recover and suggests that long-term investors may start accumulating.

Bitcoin Price Predictions

Another data indicating the potential for a rise in Bitcoin price is the DAA Difference. If the active address count increases while the price decreases, it supports the accumulation trend and thus the signal for an increase. In addition, the Bitcoin halving event scheduled for April 20th is said to have positively affected the prices historically, and therefore long-term optimism continues.

Useful Information for Readers

Bitcoin price could test $70,000 over the weekend.
Closing above $71,370 indicates a higher price before the halving.
Weakness at the $68,250 resistance point complicates a definite rally expectation.
In the bearish scenario, $65,300 and $61,730 emerge as target prices.

According to indicators, the Bitcoin price could test the $70,000 threshold over the weekend, but current market conditions and potential resistance levels should be taken into account for a definitive rally expectation. Investors are reminded that they cannot predict the future and that the crypto market is open to surprises.

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