BTC's next price move in spotlight as Bitcoin navigates post-halving trajectory
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Supporting this outlook is the fact that Bitcoin is currently facing resistance at the mid-level of a parallel channel. If Bitcoin faces rejection at this key price level, it might trigger a short-term price drop. Ali adds a note of warning for Bitcoin buyers to exercise caution, given this indicator's track record. The most important thing to watch is if BTC drops below the $65,500 support level.
BTC had fallen beneath this highlighted level at the time of writing, down 2.67% in the last 24 hours to $65,168. Mid-April has historically been a period of price weakness for BTC.The crypto community watches with rapt attention to deduce BTC's next price move as it navigates its post-halving trajectory. , Bitcoin's key whale tier holding between 1,000 and 10,000 BTC, has accumulated 266,000 more BTC since the start of 2024. This translates to an accumulation of 1.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase share price rallies 9% as bitcoin price bounces off $70,000The Coinbase share price has increased by over 9% in the past 24 hours, now trading above $278 per share, according to TradingView data.
Read more »
Bitcoin Price Alert: Veteran Trader Peter Brandt Hints at Major BTC Move AheadBitcoin gained 7% as selling by traders seemed to ease
Read more »
Bitcoin Price Alert: Historical Trends Spell Trouble for BTC as Halving LoomsBitcoin halving event set to occur in next few days; what to expect, per historical data
Read more »
Bitcoin Price Alert: Two Crucial Indicators Forewarned BTC Drop to $65,000Market has transitioned into euphoric phase with profit-taking climbing
Read more »
Once unprofitable BTC miners are turning their machines back on — AnalystPreviously unprofitable Bitcoin miners may now be coming back online amid Bitcoin’s recent price rise.
Read more »
Bitcoin halving’s price influence ‘diminished,’ demand now key driver: CryptoQuantCrypto analytics firm CryptoQuant holds the view that the upcoming halving won't have as much of an impact as previous ones.
Read more »