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Analysts expect April 2024 to reverse #BTC 's current drop below $70k.
Bitcoin has been “rising from the ashes” this year. BTC danced around $20,000 before reaching $70,000. The price has retraced to ~$66,000 and is attempting resistance around $68,000. Bitcoin is $66,768.96 as of this writing. The past 24 hours saw a 3.51% drop and the previous week 5.045. Speculation suggests the token might end the year at $100,000 or $125,000 despite uncertainty.
April 2024 gets the most attention. Based on the month, it will host the Halving event, which will reduce supply and make the token scarce. Analysts expect the month to reverse Bitcoin's current slide to below $70,000.
Bitcoin analyst opinions: April tale!
Famous experts usually fuel conjecture. Some advocate a bull run, while others take precautions. BTC has the same kind, but their statements are strongly weighted on the future, which might cause a bull run.
Zia ul Haque predicts a tumultuous Halving month. Whale hunting liquidation has dropped prices to $69,000. More may be available regardless of whale hunting. Zia added that April will be better than March, as seen by the 14.2% increase.
Kenobi noted another point. Bitcoin has closed 7 green months in a row for the first time. This may indicate that Bitcoin has grown for 7 months straight. It has excited the community, but they should be cautious of the crypto market's volatility.
Ali_Charts thinks $68,300 is good for the cryptocurrency. Price is below that line, and new support is $65,250–$63,150. They said that Bitcoin must maintain $70,320 for a huge increase. The only encouraging news regarding BTC is its 7.71% 30-day increase. Every other factor suggests a drop that may need to be corrected for newcomers.$BTC
According to Michaël van de Poppe, Bitcoin is now undergoing a period of consolidation gradually. They produced $67,000 for support and $71,700 for a last breakout for the token. Michaël predicts a new ATH before Halving in April 2024. After breaking $65,000, the token tested fresh resistance.
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