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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-struggles-to-regain-support-as-wall-street-opens-weak/" data-wpel-link="internal">Bitcoin Struggles to Regain Support as Wall Street Opens Weak</a> 
<a href="https://coin-turk.com/bloomberg-analistinden-2024-bitcoin-btc-hedefi-yeni-yil-yukselisi-getirebilir" data-wpel-link="internal">Bitcoin</a>, tried to retest the $68,000 support on April 1st as the Wall Street opening led to weakness. Data from TradingView showed that <a href="https://en.coin-turk.com/bitcoin-reaches-highest-level-in-17-months-amidst-expectations-for-etf-approval-and-halving-event/" data-wpel-link="internal">Bitcoin</a> price losses exceeded 4.5%, marking a troubled start to the second quarter of the year. Despite no outflows from the Grayscale Bitcoin Trust (GBTC), the return of institutional flows did not lead to further increases. 
<h2 class="p1" style="text-align: justify" id="prominent-investor-shares-downward-trend-analysis">Prominent Investor Shares Downward Trend Analysis</h2> 
Commenting on this period for Bitcoin, the popular investor Daan <a href="https://en.coin-turk.com/razer-suffers-major-data-breach-sensitive-data-up-for-sale-on-hacker-forums/" data-wpel-link="internal">Crypto</a> Trades suggested that the Easter holiday period could be a factor. Along with data from crypto analytics firm Arkham, he shared the following comment with his followers on platform X: 
<blockquote> 
 “Grayscale, sent nothing significant other than some Ethereum and other cryptocurrencies. It’s probably related to the markets being closed for Easter. We expect the usual inflow/outflow data from tomorrow.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-336044 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/farside.webp" alt="" width="700" height="860"> 
Daan Crypto Trades also added that GBTC outflows seem to be slowing down. On the last trading day of the first quarter, March 18, there was a significant decrease from the record level of $642 million to $104 million. Meanwhile, the BTC/USD pair, which has been at its lowest levels since March 25, has led investors to ponder. For Daan Crypto Trades, it was not about falling below the 200-period moving average in four-hour time frames and currently down to $67,330. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-336043" src="https://coin-turk.com/wp-content/uploads/2024/04/daan-tweet.webp" alt="" width="500" height="572"> 
<h2 class="p1" style="text-align: justify" id="what-to-expect-on-the-bitcoin-front">What to Expect on the Bitcoin Front?</h2> 
Trade source Material Indicators, which examines the liquidity of the exchange order book on the largest global trade platform <a href="https://en.coin-turk.com/binance-quietly-amends-terms-of-service-impacting-user-digital-asset-management/" data-wpel-link="internal">Binance</a>, painted a grim picture for Bitcoin price movement between now and the upcoming halving event. The firm, along with its co-founder Keith Alan, pointed to increasing bid liquidity towards $60,000 in a series of X posts and shared the following statements: 
<blockquote> 
 “Despite Bitcoin’s seventh consecutive green monthly close in history, there’s not just an upward trajectory for the halving event.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-336042 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-siparis-defteri.jpg" alt="" width="1195" height="915"> 
Alan also added that Bitcoin’s movement in a relatively unexplored region could pose a problem for institutional buyers. However, he noted that the belief in reaching all-time highs remains firmly in place after the halving event: 
<blockquote> 
 “At least one institution believes it’s highly likely, as Bitcoin bids dropped to $62,000 after a brief dip below $69,000, exceeding $150 million.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-struggles-to-regain-support-as-wall-street-opens-weak/" data-wpel-link="internal">Bitcoin Struggles to Regain Support as Wall Street Opens Weak</a></h5>

Bitcoin Struggles to Regain Support as Wall Street Opens Weak

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