Bitcoin

<p><em><strong>Bitcoin’s social sentiment remains neutral, indicating potential for a rally to $70,000 and beyond. However, the currency’s recent 8% gains have resulted in $134 million in liquidations over the past 24 hours.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>Bitcoin’s price rally appears unstoppable as the leading digital currency surged another 8%, inching closer to its all-time highs. Currently, Bitcoin is trading at $68,200, boasting a market cap of $1.340 trillion. This week alone, BTC’s gains have surpassed 22%.</p><h3 id="bitcoin-s-market-value-nears-all-time-high">Bitcoin’s Market Value Nears All-Time High</h3><p>Insights from <a href="https://cryptosheadlines.com/ethereum-holders-increasingly-transferring-coins-to-centralized-exchanges-on-chain-data-reveals/" rel="noopener noreferrer nofollow">on-chain data provider Santiment reveal</a> that Bitcoin’s current market value of $68.0K is remarkably close to its all-time high (ATH) of $68.6K, showing a difference of just 0.9%. Despite traders anticipating a surpassing of this value soon, overall sentiment remains relatively neutral compared to previous bullish cycles.</p><p>In contrast to meme coins and other altcoins experiencing recent surges, Bitcoin’s neutral sentiment offers a favorable scenario for sustaining a rally. This sentiment, coupled with trader disbelief, <a href="https://cryptosheadlines.com/significant-1000-surge-in-shiba-inu-shib-burn-rate-suggests-potential-price-rebound/" rel="noopener noreferrer nofollow">suggests potential</a> for liquidation of short positions, potentially propelling a rally beyond $70K and further.</p><p>It’s crucial to monitor sentiment as <a href="https://cryptosheadlines.com/bitcoin-approaches-29k-amid-fidelity-etf-amendment/" rel="noopener noreferrer nofollow">Bitcoin approaches its anticipated all-time high,</a> as crowd perceptions can swiftly shift following significant resistance breaches. Reports from Santiment indicate that market movements often counter traders’ expectations. Additionally, <a href="https://cryptosheadlines.com/realizing-bitcoins-potential-through-ordinals-ordi-token/" rel="noopener noreferrer nofollow">realized profits from Bitcoin</a> have surged to a three-year peak, indicating substantial rewards for average traders who have held onto their assets.</p><p>According to Liquidation data from CoinGlass, over $134 million in liquidations occurred on the Bitcoin network, with nearly $105 million in short liquidations taking place.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><h3 id="strong-notable-trends-in-the-bitcoin-market-strong"><strong>Notable Trends in the Bitcoin Market</strong></h3><p><a href="https://cryptosheadlines.com/bitcoin-to-surge-in-next-decade-predicts-on-chain-analyst-willy-woo/" rel="noopener noreferrer nofollow">On-chain analyst</a> Checkmate has observed a significant trend in the Bitcoin market, highlighting the initiation of all-time high (ATH) distribution by long-term Bitcoin holders. Approximately 40-50% of this distribution can be attributed to the Grayscale Bitcoin Trust (GBTC), showcasing the <a href="https://cryptosheadlines.com/polygons-strategic-move-for-ecosystem-expansion/" rel="noopener noreferrer nofollow">strategic moves</a> of HODLers in understanding market dynamics and implementing classic investment strategies of buying low and selling high.</p><h3 id="strong-sell-signal-triggers-caution-among-traders-strong"><strong>Sell Signal Triggers Caution Among Traders</strong></h3><p>Crypto analyst Ali Martinez reports that the TD Sequential indicator has signaled a sell indication for Bitcoin on the 4-hour chart.</p><p><a href="https://cryptosheadlines.com/dogecoin-price-reflects-previous-bull-run-is-1-within-reach/" rel="noopener noreferrer nofollow">Also Read:   Dogecoin Price Reflects Previous Bull Run: Is $1 Within Reach?</a></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines002.jpeg?resize&#61;640%2C401&amp;ssl&#61;1" /></p><p>Courtesy: Ali Martinez</p><p>Historically, following such signals since February 15, Bitcoin’s price has declined by 1.5% to 4.7%. This pattern warrants close observation for short-term traders. Additionally, with <a href="https://cryptosheadlines.com/bitcoin-holders-in-profit-after-11-months-according-to-blockchain-data/" rel="noopener noreferrer nofollow">Bitcoin holders currently in 100% profit</a>, there’s a possibility of profit booking on the horizon.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

BTC Price Approaches $68600 All-Time High Looms; Rally Expected

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