LIVE$BTC UPDATES
Current Price and Trends:
As of the most recent data, Bitcoin (BTC) is trading at $65,991.Its all-time high was $73,835.57 on March 14, 2024, but it has been consolidating above the $60K mark recently, failing to continue its upward trajectory2.The original cryptocurrency has experienced 138.34% year-over-year growth1.
Market Sentiment and Technical Analysis:
BTC/USD recently pushed beyond $66,000, reaching its highest level since April 152.Analysts are closely monitoring for signs of stabilization or bullish reversal patterns, which could indicate short-term opportunities for gains3.Keep an eye on support and resistance levels, trend-lines, and technical indicators like the Relative Strength Index (RSI) and Fibonacci retracement levels2.
Halving Event and AI Mining:
The upcoming halving event, which occurs every four years, will slash the rate of Bitcoin supply growth by 50%4.Some mining companies are already profiting from AI operations, and there’s speculation that more miners may shift toward AI mining after the halving4.
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