Bitcoin

The post <a href="https://coinpedia.org/price-analysis/btc-price-crosses-59000-will-bitcoin-reach-100k-pre-halving/" rel="noopener noreferrer nofollow">BTC Price Crosses $59,000! Will Bitcoin Reach $100K Pre-Halving?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the third consecutive bullish day for Bitcoin, the BTC price surpasses the $59,000 mark and is quickly heading to the $60,000 milestone. With the total Bitcoin ETFs trading volume reaching the $2 billion mark, the overall strength of the crypto is rising to new levels.&nbsp;
Further, the upcoming halving event and the potential rate cuts are also secondary catalysts. As a magnificent “Pre-Halving Run,” the biggest crypto is up by almost 40% this month. As the uptrend continues to gain momentum, the BTC price is teasing a new all-time high before the halving.
With such a bull run in motion, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">BTC price prediction</a> of reaching the $100K mark is coming closer to reality.&nbsp;
<h2 class="wp-block-heading" id="h-godspeed-bitcoin">Godspeed Bitcoin!</h2>
Making three consecutive bullish candles in the daily chart, the bull run in Bitcoin becomes unstoppable. With the market cap crossing the $1.1 trillion mark, the uptrend is gaining momentum.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236-1024x509.png" alt="" class="wp-image-273615" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/28144707/image-236.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/HM5VMLCJ/" rel="noopener noreferrer nofollow">Tradingview</a>
With the uptrend ready to challenge the $60,000 milestone, the BTC price could reach the $68,157 mark as per the trend-based Fibonacci levels. Further, with the 3.59% intraday growth reaching the $59,000 mark with a jump in intraday trading volume, Bitcoin eyes ahead. On a side note, Coinglass reports that over the last 24 hours, liquidations totalled $244.12M million, with $139 million stemming from short-order liquidations. This affected approximately 81,536 traders.
Further, the MACD indicator shows a positive crossover in the MACD and signal lines gaining space, indicating a rise in underlying bullishness.
<h2 class="wp-block-heading" id="h-will-the-btc-price-reach-100-000">Will The BTC Price Reach $100,000?</h2>
The potential for a prolonged high-momentum uptrend in Bitcoin is growing as recovery momentum builds. In addition to the bullish indicators mentioned, Fibonacci levels suggest a next peak possibility for Bitcoin around $96,000.
Considering the bullish breakout of the inverted head and shoulder arrives with a bullish closing above $60,000, the BTC price can skyrocket to $68,157.&nbsp;

BTC Price Crosses $59,000! Will Bitcoin Reach $100K Pre-Halving?

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