Bitcoin Reclaims $70,000 Level

The cryptocurrency with the highest market value, Bitcoin, has reached 70,000 dollars, rising to 70,230 dollars as of today. This rise is among the speculations related to the halving event expected to take place in April. Investors are eagerly awaiting the potential positive effects of this event on Bitcoin. $70,000 Resistance and Technical Indicators Bitcoin, having risen by 2.4% in the last 24 hours, is trading just below 70,000 dollars, a significant resistance level bulls have repeatedly failed to break through. The leading cryptocurrency is trading at 69,704 dollars after losing some of its gains. Analyst Ali Martinez points out the TD Sequential indicator giving a sales signal on the four-hour chart and predicts a short-term correction. Bitcoin Sensitivity and Halving Effect Following a failed rise to the 70,000 dollar mark on April 1, Bitcoin experienced a sharp decline but managed to recover. The Fear and Greed Index, measuring sensitivity […]

Bitcoin Reclaims $70,000 Level

The cryptocurrency with the highest market value, Bitcoin, has reached 70,000 dollars, rising to 70,230 dollars as of today. This rise is among the speculations related to the halving event expected to take place in April. Investors are eagerly awaiting the potential positive effects of this event on Bitcoin.

$70,000 Resistance and Technical Indicators

Bitcoin, having risen by 2.4% in the last 24 hours, is trading just below 70,000 dollars, a significant resistance level bulls have repeatedly failed to break through. The leading cryptocurrency is trading at 69,704 dollars after losing some of its gains. Analyst Ali Martinez points out the TD Sequential indicator giving a sales signal on the four-hour chart and predicts a short-term correction.

Bitcoin Sensitivity and Halving Effect

Following a failed rise to the 70,000 dollar mark on April 1, Bitcoin experienced a sharp decline but managed to recover. The Fear and Greed Index, measuring sensitivity in the cryptocurrency market, indicates an “extreme greed” situation for Bitcoin. This extreme sensitivity in the market can lead to short-term corrections and price “buying” discussions.

Useful Information for Readers

Breaking the $70,000 resistance level could be a potential signal for a price increase in Bitcoin.
The TD Sequential indicator gives a short-term sales signal for Bitcoin, indicating a possible correction in the near future.
The upcoming halving event could have a positive effect on prices and increase investor interest.

Finally, with the approaching halving event, it is expected that the increasing interest of mainstream media will further increase market excitement. This situation could play an important role in Bitcoin’s price movements.

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how to buy crypto?
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