Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-nears-all-time-highs-as-market-sentiments-mix/" data-wpel-link="internal">Bitcoin Nears All-Time Highs as Market Sentiments Mix</a> 
<a href="https://coin-turk.com/analist-bitcoinin-7-000-dolar-ustune-cikmasi-sadece-baslangic" data-wpel-link="internal">Bitcoin</a>, enters the final week of March strikingly close to its all-time high levels. The pullback from the all-time high of $74,000 exceeded 17% at one point, which, while still modest by bull market correction standards, has made many uneasy. When combined with the increase in mining difficulties, classic signs of a bullish trend are clearly visible. Beyond <a href="https://en.coin-turk.com/time-to-take-profits-from-microstrategy-shares/" data-wpel-link="internal">Bitcoin</a>, a set of classic macroeconomic triggers could potentially lead to a more volatile period for risk assets. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-bitcoin-front">What’s Happening on the Bitcoin Front?</h2> 
Contrary to previous periods, this weekend has mostly been a success story for Bitcoin bulls. According to data from TradingView, a slow ascent resulted in Bitcoin’s price closing the week just below $67,200 on central exchanges. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332777 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-4.webp" alt="" width="1534" height="849"> 
Although this was $1,200 lower than the previous one, the <a href="https://coin-turk.com/en-iyi-kripto-yorumculari-mayis-ayinda-hakli-cikan-4-kripto-para-analisti" data-wpel-link="internal">BTC</a>/USD pair has offset most of the recent losses since reaching local lows below $61,000 on March 20th. Now, a downward gap in the CME futures markets is a target to watch for popular analyst Mark Cullen. 
When they emerge over the weekend, upward or downward gaps create a common price attraction, and the <a href="https://en.coin-turk.com/bitcoin-rebounds-above-67000-as-market-recovers/" data-wpel-link="internal">BTC</a>/USD pair often fills them within days or even hours as the new trading week begins. Cullen asked in a section of his article on X whether the CME gap would fill within the next 24 hours and included a chart highlighting the areas he identified as points of interest. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332776 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-yorum.png" alt="" width="2860" height="1577"> 
<h2 class="p1" style="text-align: justify" id="prominent-figures-weigh-in-on-bitcoin">Prominent Figures Weigh in on Bitcoin</h2> 
Looking at market participants’ opinions before the Wall Street opening, there are strong reservations about the strength of the Bitcoin bull market. Investor JT pointed out a series of indicators, including the Relative Strength Index (RSI), which signaled overbought conditions in two-week time frames, calling for a reversal of the trend: 
<blockquote> 
 “In conclusion: Bitcoin is overbought in two-week data and needs a close above $69,100 for bulls to regain momentum.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-332775 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-rsi.jpg" alt="" width="1144" height="1385"> 
However, before the weekly close, investor Alan Tardigrade saw a different narrative in the daily RSI data. He argued that the metric had broken out of a downtrend for much of March. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-332774 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/rsi-yorum.jpg" alt="" width="1242" height="1496"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-nears-all-time-highs-as-market-sentiments-mix/" data-wpel-link="internal">Bitcoin Nears All-Time Highs as Market Sentiments Mix</a></h5>

Bitcoin Nears All-Time Highs as Market Sentiments Mix

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