Bitcoin Will Rise in April

Bitcoin is expected to rise in April. Experienced cryptocurrency analyst Markus Thielen predicts that next month will be filled with positive returns for Bitcoin based on historical data and past trends. Thielen points out that April has generally been lucrative for Bitcoin and significant increases have occurred in the last decade. 12% Rise Expected Markus Thielen predicts a 12% increase in Bitcoin price in April. This forecast is based on the price increases typically seen in April. Thielen points to a 12% rise in Bitcoin price based on previous April movements. Thielen’s analysis links the fluctuations in Bitcoin price to the block reward halving. Historically, stages before the block reward halving have led to significant price rallies afterwards. This is considered a positive indicator for Bitcoin, attracting the interest of both individual and institutional investors. Spot ETFs Providing Support Bitcoin’s rise is particularly buoyed by increased interest in spot Bitcoin […]

Bitcoin Will Rise in April

Bitcoin is expected to rise in April. Experienced cryptocurrency analyst Markus Thielen predicts that next month will be filled with positive returns for Bitcoin based on historical data and past trends. Thielen points out that April has generally been lucrative for Bitcoin and significant increases have occurred in the last decade.

12% Rise Expected

Markus Thielen predicts a 12% increase in Bitcoin price in April. This forecast is based on the price increases typically seen in April. Thielen points to a 12% rise in Bitcoin price based on previous April movements.

Thielen’s analysis links the fluctuations in Bitcoin price to the block reward halving. Historically, stages before the block reward halving have led to significant price rallies afterwards. This is considered a positive indicator for Bitcoin, attracting the interest of both individual and institutional investors.

Spot ETFs Providing Support

Bitcoin’s rise is particularly buoyed by increased interest in spot Bitcoin ETFs. Increased investments in spot ETFs in the US and a decrease in outflows from Grayscale’s GBTC indicate renewed confidence in the cryptocurrency market. This solidifies Bitcoin’s position as a mainstream investment vehicle.

At the time of writing, Bitcoin is trading at $69,979, up 0.88% in the last 24 hours. However, it has shown a 7.96% and 11.62% increase in the last 7 and 30 days, respectively, supporting the overall upward trend in the market.

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