Bitcoin Regained the $70,000 Level

Bitcoin, the cryptocurrency with the highest market value, has surpassed $70,000 to rise to $70,230 as of today. This rise is among the speculations related to the expected halving event in April. Investors are eagerly awaiting the possible positive effects of this event on Bitcoin. 70,000 Dollar Resistance and Technical Indicators Bitcoin has been trading just below $70,000, with a 2.4% increase in the last 24 hours, and this level has been an important resistance point that the bulls have repeatedly failed to exceed. The leading cryptocurrency is currently trading at $69,704 after losing some of its gains. Analyst Ali Martinez points out the TD Sequential indicator, which gives a selling signal for Bitcoin in the four-hour chart and predicts a short-term correction. Bitcoin Sensitivity and Halving Effect After the unsuccessful rise to $70,000 on April 1st, Bitcoin experienced a sharp decline but managed to recover. The Fear and Greed […]

Bitcoin Regained the $70,000 Level

Bitcoin, the cryptocurrency with the highest market value, has surpassed $70,000 to rise to $70,230 as of today. This rise is among the speculations related to the expected halving event in April. Investors are eagerly awaiting the possible positive effects of this event on Bitcoin.

70,000 Dollar Resistance and Technical Indicators

Bitcoin has been trading just below $70,000, with a 2.4% increase in the last 24 hours, and this level has been an important resistance point that the bulls have repeatedly failed to exceed. The leading cryptocurrency is currently trading at $69,704 after losing some of its gains. Analyst Ali Martinez points out the TD Sequential indicator, which gives a selling signal for Bitcoin in the four-hour chart and predicts a short-term correction.

Bitcoin Sensitivity and Halving Effect

After the unsuccessful rise to $70,000 on April 1st, Bitcoin experienced a sharp decline but managed to recover. The Fear and Greed Index, which measures market sentiment, indicates an “extreme greed” situation for Bitcoin. This extreme greed in market sentiment can bring about short-term corrections and price “buying” to the agenda.

Valuable Information for the Reader

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

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

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