Bitcoin

April

Rekt

<p style="text-align: justify">The leading cryptocurrency, <a href="https://en.coin-turk.com/fluctuating-bitcoin-price-and-the-rise-of-altcoins-an-overview/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), surpassed the critical level of $40,000 and then went on to exceed $44,000 with its recent upward momentum. Will it be able to leave behind the deep downward trend it experienced since November 2019 and reach new heights?</p>
<h2 id="bitcoin-surpasses-44-000">Bitcoin Surpasses $44,000!</h2>
<p style="text-align: justify">According to the data, Bitcoin reached $44,011 on Bitstamp, surpassing altcoins and embarking on a new upward trend. This surge, which has increased gains by 10% this week, signifies the highest levels since the beginning of April 2022 and poses a significant challenge against an important resistance.</p>
<p style="text-align: justify">As noted by popular cryptocurrency analyst Rekt Capital, $44,000 represents the highest point of a range that has occurred several times since the beginning of 2021. In recent statements, the expert said:</p>
<blockquote>
 <p style="text-align: justify">Bitcoin successfully revisited the high range resistance around $43,900. Bitcoin has a history of reclaiming the level of $34,800, so the possibility of the price reaching levels above $40,000 is still high. However, it is important to observe the retest.</p>
</blockquote>
<p style="text-align: justify">Furthermore, spot tracking and derivative products led the markets. According to data from CoinGlass, liquidations have been gradually occurring. Additionally, over $100 million in crypto short positions have been closed so far. CoinGlass also showed the recent move that increased the critical threshold for potential short liquidations on <a href="https://en.coin-turk.com/new-claim-that-raises-fear-for-binance-it-will-be-worse-than-ever/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the largest global exchange.</p>
<p><img decoding="async" class="size-full wp-image-285083 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/BTC.jpg" alt="" width="1786" height="1266"></p>
<h2 id="critical-level-ahead-of-bitcoin-halving">Critical Level Ahead of Bitcoin Halving</h2>
<p style="text-align: justify">Meanwhile, concerns of some popular market participants focused on potential manipulative moves by high-volume traders. As previously warned by the analysis, these moves could lead to a significant selling wave to secure profits at new highs. However, according to experts, optimistic <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> had little time to fear. Michaël van de Poppe, the founder and CEO of trading firm MN Trading, commented on Bitcoin’s upcoming halving scheduled for 2024:</p>
<blockquote>
 <p style="text-align: justify">Bitcoin is on its way to reaching the $48,500 to $50,500 level before the halving. It has done this in previous cycles, and it seems we will see it again here. As long as it stays above $39,000, there is a great feeling. The probability of Bitcoin reaching $30,000 is very low.</p>
</blockquote> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/bitcoin-surpasses-44000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-surpasses-44000/</a>

Bitcoin Surpasses $44,000!

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