BTC $57K Next? ATTMO Forecasts ☀️ Conditions for the Next Week

Cryptocurrencies rose across the board over the past week and continued their upward trajectory over the weekend. Bitcoin rose 9 percent over the past seven days, with its up-coming halving at the end of April supporting demand.

“Bitcoin appears to target $57,000 as its next resistance, and considering Bitcoin’s performance in the previous pre-halvings, the odds for another leg being higher are increasing,” said the Head of Research at 10x Research, Markus Thielen in his daily newsletter. “This time will be no different as the perception within the crypto community is high that the halving is bullish. This perception is undoubtedly flowing into the TradFi community, which is aggressively buying these Bitcoin ETFs ahead of the halving.”

The price of Bitcoin strengthened 1.5 percent to roughly 52,500 US dollars over the past 24 hours. Read more about Bitcoin’s upcoming halving here.

The steady inflow of funds into the spot Bitcoin exchange traded funds (ETFs) launched in the US a month ago also supports the price of Bitcoin.

ATTMO’s sunny predictions for the next 24 hours and week confirm that bullish trading conditions lie ahead for the global crypto market.

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