Bitcoin Price May Rise Over the Weekend

The price of Bitcoin appears to be around $67,850 as the summer approaches, with altcoins showing signs of recovery. On April 5th, Spot Bitcoin ETF saw a net flow of $204 million, but it is noted that this figure is behind that of previous days. Bitcoin price predictions for the weekend are eagerly awaited. Optimistic Signals While the release of inflation data on Wednesday is causing concern in the markets, it is thought that the dominance in the ETF market could lighten after Genesis’s large GBTC sale. In addition, it is stated that the Reserve Risk indicator continues to recover, and long-term investors may start to accumulate. Bitcoin Price Predictions Another data indicating the potential for a rise in Bitcoin price is indicated as DAA divergence. If the number of active addresses increases while the price is falling, this supports the trend of accumulation and hence the signal of increase. […]

Bitcoin Price May Rise Over the Weekend

The price of Bitcoin appears to be around $67,850 as the summer approaches, with altcoins showing signs of recovery. On April 5th, Spot Bitcoin ETF saw a net flow of $204 million, but it is noted that this figure is behind that of previous days. Bitcoin price predictions for the weekend are eagerly awaited.

Optimistic Signals

While the release of inflation data on Wednesday is causing concern in the markets, it is thought that the dominance in the ETF market could lighten after Genesis’s large GBTC sale. In addition, it is stated that the Reserve Risk indicator continues to recover, and long-term investors may start to accumulate.

Bitcoin Price Predictions

Another data indicating the potential for a rise in Bitcoin price is indicated as DAA divergence. If the number of active addresses increases while the price is falling, this supports the trend of accumulation and hence the signal of increase. In addition, it is emphasized that the Bitcoin halving event to be held on April 20 has had a positive effect on prices historically and therefore long-term optimism continues.

Useful Information for Readers

The Bitcoin price may test $70,000 over the weekend.
A close above $71,370 indicates a higher price before halving.
Weakness at the $68,250 resistance point makes it difficult to expect a definite rally.
In the bearish scenario, $65,300 and $61,730 are highlighted as target prices.

According to the indicators, the Bitcoin price may push the $70,000 limit over the weekend, but current market conditions and potential resistance levels should be considered for a definite rally expectation. Investors are reminded that they cannot predict the future and that the crypto market is open to surprises.

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