2024

Bitcoin

April

when

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<p dir="ltr">Bitcoin's (<a href="https://u.today/bitcoin-btc-price-prediction-for-march-31" rel="noopener noreferrer nofollow">BTC</a>) price has found solid ground at the $68,300 mark, indicating it is on track to reach a new all-time high (ATH). Amid this optimism, crypto analyst Ali Martinez has pointed to a key resistance level that could dampen the price of the world’s leading digital asset.</p>
<h2 id="major-resistance-ahead-of-bitcoin">Major resistance ahead of Bitcoin</h2>
<p dir="ltr">In a recent post on X, Ali&nbsp;<a href="https://twitter.com/ali_charts/status/1774716269108871569/photo/1" rel="noopener noreferrer nofollow">stated</a> that Bitcoin’s price could see a downswing range of between $65,250 and $63,150 if it falls below $68,300.&nbsp;</p>
<p dir="ltr">Surprisingly, within this support range, Ali mentioned that around 760,000 wallets have bought 520,000 BTC. This suggests that a large percentage of crypto investors have ownership of the world’s leading cryptocurrency at this level, making it a pivotal level to watch.</p>
<p dir="ltr">The major resistance level pointed out on Ali’s chart for Bitcoin to reach a new high of $70,320 involves a total volume of 599,260 BTC from 736,380 addresses. According to Ali, surpassing this level could open the door for Bitcoin to continue its bullish momentum.</p>
<p dir="ltr">Ali’s chart also highlighted that 64.52% (1.82 million BTC) is in the money, while the remaining 35.45% (998,910 BTC) is out of the money. Currently, Bitcoin is trading at $69,709, with a trading volume that has increased by 49.76% to $25.9 billion, in addition to its market capitalization standing at $1.3 trillion.</p>
<blockquote>
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> finds solid ground at $68,300, yet a break below could lead to a downswing to the next support range at $65,250-$63,150, where 760,000 wallets hold 520,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>.On the brighter side, securing $70,320 as support is vital for <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> next leg up! <a href="https://t.co/EMPBRRADzT" rel="noopener noreferrer nofollow">pic.twitter.com/EMPBRRADzT</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1774716269108871569?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 1, 2024</a>
</blockquote>
<h2 id="investors-making-big-bet-on-bitcoin">Investors making big bet on Bitcoin</h2>
<p dir="ltr">In a bullish case for Bitcoin, renowned economist Peter Schiff predicted a price of $94,000 to match the price of the dollar. While Schiff's comment was made in jest, the figure has some merit. Bitcoin has recently experienced a&nbsp;<a href="https://u.today/bitcoin-btc-scores-historic-monthly-close" rel="noopener noreferrer nofollow">historic rise</a>, surpassing expectations and reaching previously unimaginable heights.</p>
<p dir="ltr">Meanwhile, Tim Draper, a renowned investor,&nbsp;<a href="https://u.today/tim-draper-teases-10-year-return-on-his-epic-bitcoin-btc-bet" rel="noopener noreferrer nofollow">disclosed</a> that he invested 300 Bitcoin to a crypto firm, obtaining a 4% share in the unidentified business. In 10 years, he claimed to have made 15 BTC from the investment.&nbsp; While this sum appeared small to many, Draper highlighted how the obtained returns represented a 15x return on his investment when measured in dollars.</p>

Bitcoin Price to ATH: One Big 599K BTC Barrier Lies Ahead

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