Bitcoin Cash

Bittensor

Bitcoin

Dogecoin

Gains

<ul>
 <li>Ethereum (ETH) hints at a bullish reversal despite short-term cryptocurrency negativity.</li>
 <li>AI-based cryptos like Render (RNDR) hit highs but face selling pressure.</li>
 <li>Dogecoin (DOGE) surged after breaking resistance, historically bullish during halving events.</li>
</ul>
<p>As the highly anticipated <a href="https://thenewscrypto.com/?s=Bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> Halving event draws near, the cryptocurrency market has been displaying a mix of bearish and bullish sentiment. Despite the market’s increased volatility since the start of the month, the industry remains optimistic about the potential for a bull market in the coming months.</p>
<p>Following a successful year in 2023, the cryptocurrency market began 2024 on a positive note, with the top altcoins already recording significant valuations in their respective portfolios.</p>
<h2 class="wp-block-heading" id="h-ethereum-eth-hints-at-strong-bullish-reversal">Ethereum (ETH) Hints at Strong Bullish Reversal</h2>
<p>Ethereum (ETH), the leader of altcoins, has shown strong bullish sentiment, trading at a discount of approximately 29% from its previous all-time high (ATH). The token has added around 4% to its value within the past seven days, with a year-to-date (YTD) growth of 53.06%.</p>
<p>Although the Moving Average Convergence Divergence (MACD) indicator displays a negative sentiment in the 1-week time frame, Ethereum hints at a strong bullish reversal that could lead to a new ATH this year, potentially jumping 50% in valuation.</p>
<h2 class="wp-block-heading" id="h-ai-based-cryptocurrencies-on-the-rise">AI-Based Cryptocurrencies on the Rise</h2>
<p>The rise of AI-based cryptocurrencies has been a notable trend in the market, with the Render (RNDR) token achieving a new all-time high this year. However, the MACD indicator shows a constant decline in the histogram, suggesting increased selling pressure in the crypto industry with a high possibility of negative price action in the coming weeks.</p>
<h2 class="wp-block-heading" id="h-dogecoin-doge-poised-for-strong-bullish-price-action">Dogecoin (DOGE) Poised for Strong Bullish Price Action</h2>
<p>Dogecoin (DOGE), the leader of the memecoin category, started the year by successfully breaking out of the resistance level at $0.1081, with the bulls recording a notable run by adding over 100% to its portfolio within the next few weeks. Despite facing rejection at the $0.22 resistance level, the memecoin category has a history of displaying a bearish trend during halving events, hinting at a strong bullish price action in the coming time.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-cash-bch-influenced-by-bitcoin-etf-hype">Bitcoin Cash (BCH) Influenced by Bitcoin ETF Hype</h2>
<p>Bitcoin Cash (BCH) has also been influenced by the hype surrounding the Bitcoin ETF, which recorded a 26-month high in its portfolio. Despite a strong bearish reversal over the past seven days, Bitcoin’s price movements heavily influence the token.</p>
<h2 class="wp-block-heading" id="h-bittensor-tao-gains-significant-market-attention">Bittensor (TAO) Gains Significant Market Attention</h2>
<p>Bittensor (TAO) has gained significant attention from the market, adding approximately 2,000% to its value over the past few months. With a maximum supply of only 21 million tokens, Bittensor is considered a fundamentally strong project in the crypto industry.&nbsp;</p>
<p>As the Bitcoin Halving event approaches, the cryptocurrency market is poised for a potential bullish run, with top altcoins showing promising signs of growth. While volatility remains a concern, investors and enthusiasts alike are closely monitoring the market for opportunities to capitalize on the projected uptrend in the coming months.</p>

Cryptocurrencies Poised For 5x Gains As Bitcoin Halving Nears

Table of Contents

TheNewsCrypto

Other articles published on Apr 12, 2024

Solana’s memecoin mania: What’s beyond the ‘hype’ and is there ‘impact’?

Victims of $6.2B scam request China’s help with UK seized Bitcoin

MarginFI’s TVL Drop by Over 50% Following CEO’s Sudden Exit

FBI Investigates Bitcoin Dev Event Tied to Luke Dashjr’s Hack

Why Bitgert Coin Is the Go-To Trending Crypto of the Week

Is Poor UX Still Preventing Mass Adoption of Web3 Tech?

Join our free newsletter for daily crypto updates!