Price of the Bitcoin will cross 85K within 2 week, What you say?

Price of the Bitcoin will cross 85K within 2 week, What you say?

The price of the BTC will cross 85k in these couple of weeks, the price of the BTC considerable worldwide and the leading and king of the coins now looking for more records while having continuous sell resistances but the price of the Bitcoin still remain strong to break the resistance and will create new records to cross the 85k in the at the end of this month.

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The price of the BTCUSD will take this support or will continue down to reach 55k to rise again. This chart providing you the deep chart technical review that can be read through deep concentration.

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Expected Bitcoin Halving Date (April 19, 2024):

The anticipated date for the next Bitcoin halving event, which occurs approximately every four years. During halving, the block reward for miners is reduced, impacting Bitcoin’s supply dynamics.

Bitcoin Energy Summit (April 22, 2024):

A forum to discuss sustainable energy practices within the crypto industry, particularly related to Bitcoin mining.

CME BTC Futures Expiration (April 26, 2024):

The expiration date for Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). Traders closely monitor this event for market insights.

Fed FOMC Meeting (April 30, 2024):

While not directly related to Bitcoin, the Federal Reserve’s decisions during its Federal Open Market Committee (FOMC) meeting can impact overall market sentiment and indirectly affect cryptocurrencies.

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The bitcoin market has been quite volatile during the trading session on Friday. It initially reacted negatively to the potential expansion of the Middle Eastern conflict when Israel attacked Iran. However, it appears that the attack was more of a show, and traders have since returned to try to pick up “cheap coins.”

Here are some key points from the analysis:

Crucial Support Level: The $60,000 level is crucial. As long as BTC/USD stays above this level, there’s a real chance of the market taking off to the upside again.
Potential Upside Targets:
Short-term target: $70,000
Further potential: We could extend beyond $70,000, possibly toward the $74,000 level.
Buy on Dips: Most traders are willing to buy Bitcoin on dips. As long as BTC/USD remains above $60,000, the overall trend remains bullish.
Wall Street and ETF: Wall Street continues to push for the ETF, which means more money flowing into the spot Bitcoin market via the ETF.
Consolidation: The market recently rallied 92% in 6 weeks, so some consolidation in this vicinity is expected to work off the excess froth.

In summary, BTC/USD finds major support around $60,000, and the overall outlook remains bullish. Keep an eye on the key levels mentioned above as the market continues to evolve.

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Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.

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