Bitcoin

<p><em><strong>Analyst Jelle predicts that Bitcoin might reach $75,000 by the upcoming weekend. However, Bitcoin faced an 18% correction, dipping below $61,000. Despite this setback, it managed to bounce back, surpassing $71,500, although it experienced another decline afterward.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Following Coinbase’s decision not to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), both Bitcoin and the wider crypto market experienced a downturn. Coinglass <a href="https://cryptosheadlines.com/justin-sun-transfers-4-3-million-worth-of-makerdao-tokens-to-binance-reveals-blockchain-data/" rel="noopener noreferrer nofollow">data reveals that approximately $239 million worth</a> of cryptocurrency was liquidated within the last 24 hours, with a notable portion of these positions being long, totaling $166 million.</p><h2 id="header-1">Bitcoin Faces Resistance as Analyst Identifies Key Barrier</h2><p>Renowned <a href="https://cryptosheadlines.com/crypto-analyst-warns-of-potential-bitcoin-pullback-following-25-rally/" rel="noopener noreferrer nofollow">crypto analyst</a> Ali Martinez has pinpointed the primary resistance zone for Bitcoin, ranging from $70,180 to $70,600. IntoTheBlock’s data reveals a significant concentration of 291,000 <a href="https://cryptosheadlines.com/bitcoin-address-activity-signals-short-term-price-jump/" rel="noopener noreferrer nofollow">addresses that purchased Bitcoin at an average price</a> of $70,223, currently finding themselves in an out-of-the-money position.</p><p><strong>Bitcoin’s Unrealized Profit Levels and Halving Expectations: </strong>Data from Glassnode highlights Bitcoin’s attainment of a “statistically significant level” in terms of unrealized profit within its supply. Despite this, with only 21 days remaining until the <a href="https://cryptosheadlines.com/top-cryptos-to-buy-before-the-next-bitcoin-halving-in-2024/" rel="noopener noreferrer nofollow">next Bitcoin halving</a>, a notable cohort of investors remains hopeful for a substantial price surge leading up to the event.</p><p><strong>Current Bitcoin Trading Position: </strong>At the time of the report, Bitcoin was trading at $68,690, nearing its previous all-time high of $69,000.</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><h2 id="header-2">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p>

Bitcoin Expert Forecasts Possible Price Jump $75000 by Weekend

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