Bitcoin

Starship

April

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 <p class="paragraph">For two consecutive quarters, Bitcoin (BTC), the world’s premier cryptocurrency, has been increasingly trading higher nearly tripling its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> in six months’ time.&nbsp;</p>
 <p class="paragraph">March has, however, proven that $70,000 per BTC is a tough level to hold, and, after hitting $73,000 – a new all-time high (ATH) – early in the month, the coin has been going through significant oscillations.</p>
 <p class="paragraph">While the onset of April brought, for the most part, the expectations of new and ever-greater ATHs, mostly due to the upcoming Bitcoin halving, one expert pointed out that the direction for the cryptocurrency is not yet entirely set.</p>
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 <h2 class="wp-block-heading" id="h-crypto-expert-set-bitcoin-s-crucial-<a rel=" dofollow title="price" href="https://thebittimes.com/tag/price.html" rel="noopener noreferrer nofollow">price-points"&gt;Crypto expert set Bitcoin’s crucial <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> points</h2>
 <p class="paragraph">Indeed, while BTC is ‘quietly consolidating,’ at the time of publication, should its next big move send it below the support level of $67,000, a downtrend could start in earnest, according to an April 1 X post by the crypto expert Michaël van de Poppe.</p>
 <p class="paragraph">Indeed, should Bitcoin witness a drop below the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, there is no telling how far it may collapse before the investors’ fears of a <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> get overpowered by the newly presented value buying opportunity.</p>
 <p class="paragraph">On the one hand, recent volatility demonstrates that BTC retains significant support slightly above $60,000 rendering a greater drop unlikely, historic examples also show that the cryptocurrency can fall multiple tens of thousands of dollars within months – much like it can manage a similar surge.</p>
 <p class="paragraph">Finally, while the expectations that Bitcoin price will see a significant rise after the halving are strongly rooted in its past performance, it is notable that this event is the first to have featured a new BTC ATH in its leadup, thus somewhat shaking the analysts’ ability to make parallels.</p>
 <p class="paragraph">Finally, van de Poppe’s post wasn’t ultimately bearish as it simultaneously estimated that, should Bitcoin surge above $71,700 as its next big move, an uptrend is likely to be confirmed.</p>
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    <p lang="en" dir="ltr">#Bitcoin calmly consolidating.<br><br>Crucial levels (lower timeframes):<br>– $67K to hold for support.<br>– $71.7K for a final breakout towards the ATH.<br><br>If either of the two happens, probably direction is chosen. <br><br>I think we'll have one final ATH test before halving happens. pic.twitter.com/ZeHNBxnptg</p>— Michaël van de Poppe (@CryptoMichNL) April 1, 2024
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 <p class="paragraph">Under such circumstances, the estimated upside reaches well above $150,000 and – per the forecasts of the author of the best-selling personal finance book ‘<em>Rich Dad Poor Dad</em>’ and commodity and BTC bull, Robert Kiyosaki – up to $300,000 before the end of 2024.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-chart">Bitcoin price chart</h2>
 <p class="paragraph">Whether the upcoming halving yields the expected rally or proves that Bitcoin retains its nature as an investor’s wild card, its recent performance has, without a doubt, been strong.</p>
 <p class="paragraph">Year-to-date (YTD), BTC has risen 68.96% after achieving a 50% surge in the final quarter of 2023.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/RtPn7LseHI5WzsC35uB8acUlrb4O4-kIyS9li4rA0qCj1npsRBPd2P-3CGW4zs2GGKLwxYRKUTLBwQYUm_O4pkWBwbCwJXWjULHfl8-WI19CHtfeqBg9D1OKBvOtpFJYKzaG4yzy5AAIE_DTbrTfvsU" alt>
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   BTC YTD price chart. Source: Finbold
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 <p class="paragraph">While it has slowed down in recent weeks being 11.40% in the green in the last 30 days, and down 1.14% on the daily chart, it has – with the press time <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $69,437 – so far handily managed to remain in the range between its previous and current ATHs.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-crash-unlimited-if-btc-falls-below-this-price-tbt84101.html">https://thebittimes.com/bitcoin-crash-unlimited-if-btc-falls-below-this-price-tbt84101.html</a></p>

Bitcoin crash unlimited if BTC falls below this price

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