Bitcoin Reclaims 70,000 Dollar Level

Bitcoin, the cryptocurrency with the highest value in the markets, reached 70,230 dollars today, surpassing 70,000 dollars. This rise is said to be associated with the halving event expected to occur in April, leading to speculation among investors who eagerly anticipate the possible positive effects on Bitcoin. 70,000 Dollar Resistance and Technical Indicators Over the past 24 hours, Bitcoin has been trading just below 70,000 dollars with a 2.4% increase. This level has repeatedly been an important resistance point, unattainable by bulls. The leading cryptocurrency is currently trading at 69,704 dollars, after having lost a portion of its gains. Analyst Ali Martinez highlights the TD Sequential indicator, signaling a sell-off in the four-hour chart and predicting a short-term correction. Bitcoin Sensitivity and Halving Impact Following the failed rise to 70,000 dollars on April 1st, Bitcoin experienced a sharp decline but managed to recover. The Fear and Greed Index, measuring market […]

Bitcoin Reclaims 70,000 Dollar Level

Bitcoin, the cryptocurrency with the highest value in the markets, reached 70,230 dollars today, surpassing 70,000 dollars. This rise is said to be associated with the halving event expected to occur in April, leading to speculation among investors who eagerly anticipate the possible positive effects on Bitcoin.

70,000 Dollar Resistance and Technical Indicators

Over the past 24 hours, Bitcoin has been trading just below 70,000 dollars with a 2.4% increase. This level has repeatedly been an important resistance point, unattainable by bulls. The leading cryptocurrency is currently trading at 69,704 dollars, after having lost a portion of its gains. Analyst Ali Martinez highlights the TD Sequential indicator, signaling a sell-off in the four-hour chart and predicting a short-term correction.

Bitcoin Sensitivity and Halving Impact

Following the failed rise to 70,000 dollars on April 1st, Bitcoin experienced a sharp decline but managed to recover. The Fear and Greed Index, measuring market sentiment, indicates an “extreme greed” scenario for Bitcoin. This excessive sensitivity in the market could lead to short-term corrections and price “buying” moments.

Useful Information for the Reader

The breaking of the 70,000 dollar resistance level by Bitcoin could be a potential signal for price increase.
The TD Sequential indicator is giving a short-term sell-off signal for Bitcoin, hinting at a possible correction soon.
The upcoming halving event may have a positive effect on prices and increase investor attention.

Finally, with the halving event approaching, it is expected that the increasing interest from mainstream media will further boost market excitement. This could play a significant role in Bitcoin’s price movements.

how to buy crypto?
Related Posts

Token Lock Releases and the Market Impact of ID Token

News 1 month ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 1 month ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 1 month ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,934.00-0.54%
  • ethereumEthereum(ETH)
    $3,729.72-1.49%
  • tetherTether(USDT)
    $1.00-0.10%
  • binancecoinBNB(BNB)
    $616.51-0.24%
  • solanaSolana(SOL)
    $179.981.06%
  • staked-etherLido Staked Ether(STETH)
    $3,732.52-1.36%
  • usd-coinUSDC(USDC)
    $1.00-0.12%
  • rippleXRP(XRP)
    $0.53-3.66%
  • dogecoinDogecoin(DOGE)
    $0.165665-2.00%
  • the-open-networkToncoin(TON)
    $6.35-0.83%
Random