Cardano

Bitcoin

Million

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-halving-event-completed-heres-what-to-expect-next-for-crypto-market/" rel="noopener noreferrer nofollow">Bitcoin Halving Event Completed: Here’s What To Expect Next For Crypto Market.</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the Bitcoin price making a strong intraday comeback, the Bitcoin Halving brings a bullish relief. However, the broader market sentiment shows minimal changes as the market remains under bearish influence.&nbsp;</p>
<p>After the successful Bitcoin Halving this past Friday, the blockchain reached a total of 840,000 blocks. The halving event also reduced the mining reward to 3.125 Bitcoin per block. Known for triggering bull markets, this fourth halving occurs at a challenging time for global markets.</p>
<p>With bulls failing to turn the dream of Bitcoin reaching $100,000 into reality, the BTC price remains at the $63,000 levels. Under such conditions, the altcoins are reflecting a minor shift in the underlying conditions.&nbsp;</p>
<p>Further, with the talks of Ethereum ETF witnessing a minor surge amidst boosting the sentiments, the bulls are preparing for another moonshot. So, let’s have a closer look at the crypto market to find out more about the upcoming trend.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-performance">Bitcoin Price Performance</h2>
<p>Trading below the average line of 50D EMA, Bitcoin struggles to sustain dominance at the $60,000 level. As it trades at $63,817, the sharp comeback overnight comes with the Bitcoin Halving.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/b35i2qvMb2fXa9410gy1xBIRmwgafm0B2PHYpaRf6fQcyPhSJiM74Ngf4ABqKnfsUsrOUPYSITjXbSmaaWLTtcphM2JoZNC_tdDpyhvou55J7nrhuuVQv7LuaE5cqAfezB_sHzgoESJj_WgXAi4G6To" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/Ny9JuDcx/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>As it bounces from $60,000 or the 38.20% Fibonacci level, the BTC price struggles to surpass the 23.60% Fib level at $65,000. Further, the dynamic resistance of the 50D EMA is another resistance at play.&nbsp;</p>
<p>With $278 Million in liquidation on Bitcoin Halving day, the volatile move leads to pain on either side of the market, per <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">Coinglass</a>. Meanwhile, despite the drop to $63,000, 83% of HODLers are at profit at the current market price, with 69% of HODLers older than a year, per <a href="https://app.intotheblock.com/coin/BTC" rel="noopener noreferrer nofollow">intotheblock</a>.</p>
<h2 class="wp-block-heading" id="h-the-broader-market-moves">The Broader Market Moves</h2>
<p>With a successful Bitcoin Halving, anticipation is high for the next altcoin season. To analyze the next move in the altcoin sector fueled by Bitcoin Halving, let’s have a closer look at the past jumps.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/XvJFpioVOnxzSBbbvuZVvpi-vTRV32GFGnmqkM3Puihre4HwqHhnY3ggWmKOTGRHuceTOfni8Hy-ok-LSUG-EQun-UQ05q9Tb3LPyy40b4RXLBIw15ClGxda0SwLj-72YFqhzN7pinyYw1V9h7k2Pmw" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/T2yNXlGj/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Following the 1000+% jump in 2016 and almost 300% rise in 2020, 2024 shows strong potential to bring the next altcoin season. Fueled by the Bitcoin ETF and the highly anticipated Ethereum ETF, the altcoins might witness a remarkable surge in the coming months.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-cardano-hit-1-post-bitcoin-halving">Will Cardano Hit $1 Post Bitcoin Halving?</h2>
<p>As Bitcoin manages to bounce from $60,000, the ADA price action teases a rounding bottom reversal from $0.46. The altcoin aims to reclaim the $0.50 psychological mark and avoid the looming death cross.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/cpGwIG0zt86a0wRmFNuTjfDqGcC4WpFkWo_MBk6NffLfvbLdfdiTWQYBVygmOlAe2omX7eIdsXL0tmQzXdfe5yWJC3embVOsQXmyVlnSNWRZzohIDusvtD3yI8Fqeo5mGG17Tl12TaPdKWsxWytYYC4" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/Yzv0P7NM/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>With an intraday jump of 4%, Cardao is preparing a turnaround rally and might hit $0.888 by the end of April if the broader market recovers. With such potential, the altcoin is set to achieve the $1 mark in the coming future.&nbsp;</p>
<h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
<p>As the broader market survives the crash, the Bitcoin Halving is set to revive the underlying bullish momentum. Amidst such conditions, the altcoins are ready for a solid bull run with a boost in trend momentum. However, the global market conditions could send out supply waves if the Iran-Israel conflict grows intense.&nbsp;</p>

Bitcoin Halving Event Completed: Here’s What To Expect Next For Crypto Market.

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