2024

Bitcoin

April

<p>The post <a href="https://coinpedia.org/price-analysis/back-above-70k-bitcoin-eyes-a-breakout-run-to-cross-75k/">Back Above $70K, Bitcoin Eyes A Breakout Run To Cross $75K!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Starting a new bullish week this Monday, Bitcoin buyers continue to pick up the additional trend momentum. Bouncing from under $65K, the morning star-led uptrend finally crosses the $70K barrier.&nbsp;</p> 
<p>With a streak of three bullish candles, the 5% jump on Sunday followed by an additional 4% hike on Monday, the <a href="https://markets.coinpedia.org/bitcoin/">BTC price</a> is going uphill. Facing minimal resistance, thanks to the surge in buying pressure, Bitcoin continues the uptrend with today’s intraday jump of 1.02%.</p> 
<p>Further, the 49% rise in intraday trading volume bolsters the buying spree. Therefore, with the growing bullish sentiments and the coming Bitcoin halving this April 19th, the upside moves are unsurprising for many.&nbsp;</p> 
<p>With the uptrend crossing the $70K mark, can we witness the BTC price reaching $100,000 before halving?&nbsp;Read out <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="sponsored nofollow">Bitcoin Price Prediction</a> for a more detailed analysis. </p> 
<h2 class="wp-block-heading" id="h-will-bitcoin-cross-100-000">Will Bitcoin Cross $100,000?</h2> 
<p>Currently trading at $70,550, the price of a single Bitcoin has increased by more than 10% in the past 72 hours. With this revival, the buyers ended last week on a bullish note, and the momentum continues to rise this week.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/DXLCwuNL5uCP5QzinBFf4SueSfCw2LxT-Q1oH_QoWigtvlSHt4MDApHXB_ANg7MBeBsHMSySqaq6527iDzihHr02V3MfqbCTBmgn_azmldYwxAXLKLManmgNx0_J301qmJYnpf_wSBKwZCcoZ-ilVBc" alt="">
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<p><a href="https://www.tradingview.com/x/nKhMxcEc/">Tradingview</a></p> 
<p>As mentioned in our last few articles, the daily chart shows the retest of the $65K zone as a potential entry spot. With a successful post-retest reversal, the Bitcoin price rally will challenge the $73K peak.&nbsp;The MACD indicator shows a potential bullish crossover with this recovery in motion. </p> 
<p>Further, with the recent recovery rally, the short-liquidations in Bitcoin surpass the $100M mark per <a href="https://www.coinglass.com/LiquidationData">coinglass</a>.&nbsp;</p> 
<p>Analyzing the recent trend move, the BTC price could reach the $96K mark per the trend-based Fibonacci level. However, a conservative approach highlights the $75K psychological mark as the next target.&nbsp;</p> 
<p>Conversely, a reversal from the $73K could birth a consolidation range between $73K and $65K.&nbsp;</p> 
<p>Also Check Out: <a href="https://coinpedia.org/price-analysis/solanas-on-chain-metrics-decline-amid-rising-bearish-threats-will-the-sol-price-plunge-further/">Solana’s On-Chain Metrics Decline Amid Rising Bearish Threats! Will The SOL Price Plunge Further?&nbsp;</a></p> 
<h2 class="wp-block-heading" id="h-long-term-hodlers-channelize-shifting-dynamics">Long-term Hodlers Channelize Shifting Dynamics</h2> 
<p>On Sunday alone, wallets holding between 10-10K $BTC accumulated almost 52,000 collective #Bitcoin. This large sum of Bitcoin accounts for more than a quarter percent of the entire currently available supply accumulated in one day.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> stakeholders had one of their single largest accumulation days in years.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53c.png" alt="🔼" class="wp-smiley" style="height: 1em; max-height: 1em;">51,959 collective <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> were accumulated by wallets that hold between 10-10K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> on… <a href="https://t.co/vT4fRUVYs7">pic.twitter.com/vT4fRUVYs7</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1772295815421362413?ref_src=twsrc%5Etfw">March 25, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Hence, with the growing investments and institutional interest, the Bitcoin uptrend is gaining momentum.</p>

Back Above $70K, Bitcoin Eyes A Breakout Run To Cross $75K!

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