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♦️#BitcoinPrice Prediction*🤑🤑 : Bitcoin, the largest cryptocurrency market cap traded sideways this week, resonating between the horizontal level of $71600 and $68400. This consolidation with a short body candle reflects no clear initiation from buyers or sellers towards this asset. However, an analysis of the 4-hour time frame chart revealed this price fluctuation as the formation of a bullish pennant pattern, indicating a post-rally correction preparing for the next leap. Is BTC Price Heading to $75000? Price Prediction| Tradingview The Bitcoin price rebounded from its last correction in March’s fourth week as buyers witnessed notable support at the 38.2% Fibonacci retracement level. A bullish reversal propelled the coin price 17.7% to challenge resistance at $71500 However, the price shifted sideways below this resistance creating a narrow range formation in 4 hours. This lateral movement also hints at a pre-halving consolidation, as the BTC price stabilizes in anticipation of future events that could lead to heightened volatility. Moreover, the technical chart shows this range formation as the development of a bullish pennant pattern. This structure allows buyers to regain strength before resuming a recovery trend. Bitcoin Accumulation Trend Flashes Strong Signals Amid Consolidation In the latest analysis from the respected trader @alicharts, the Bitcoin Accumulation Trend Score indicates a robust pattern of accumulation, even as the cryptocurrency consolidates near its all-time highs. The Bitcoin price currently trades at $70576 with an intraday gain of 1%. With a higher potential of renewed recovery, the BTC price is likely to breach the pattern’s upper trendline, the post-breakout rally is likely to hit $73800, followed by $81700. Technical Indicator Exponential Moving Average: the rising 20 and 50 EMA reflect a short-term trend aligned with the long-term uptrend. Moving Average Convergence Divergence: A MACD and signal nearing a bullish crossover would accelerate the recovery sentiment among market participants. $BTC
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💵DOGE COIN PREDICTION?🚀 The record levels of open positions reflect investor sentiment. The funding rate has remained positive since October 2023, indicating dominant bullish predictions. Despite the market downturn during the March 15-20 period, the strong demand for futures is a robust bullish signal. Indeed, the price recently climbed to $0.23, showing its appetite for the $0.27 and $0.33 regions. While the price has dropped below $0.21 at the time of writing, the $0.20 threshold continues to hold. Basic momentum indicators are above their respective neutral lines during writing, and the MACD supports a price increase. Although the RSI has retreated somewhat from the overbought zone, the MFI indicator remains positive. High volatility is expected in the coming hours as Bitcoin and altcoins close the March candles. If DOGE can maintain strength at $0.20, with the support of futures interest, it has the potential to initiate a strong move up to $0.33. Moreover, optimism for April remains strong as Bitcoin continues to close above $69,000. Of course, no one can see the future, and even during the halving month, Bitcoin could see losses exceeding 30%. We have witnessed how historical data can trap investors during the last bear market. $DOGE #Memecoins
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What is #Defi ( DECENTRALIZED FINANCE ) ? Decentralized finance, or DeFi, uses emerging technology to remove third parties and centralized institutions from financial transactions. The components of DeFi are cryptocurrencies, blockchain technology, and software that allow people to transact financially with each other. $BTC $ETH $BNB
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What is *BITCOIN* (ETF) ? A bitcoin exchange-traded fund (ETF) is a financial product that allows investors to gain exposure to the price movements of bitcoin without actually holding the asset itself. Shares of a bitcoin ETF are traded on traditional stock exchanges, making it easier for investors to participate in the cryptocurrency market. $BTC
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Embark on a journey into the world of cryptocurrency trading with a seasoned professional. With years of experience navigating the volatile markets, I possesses a keen analytical mind, strategic prowess, and a deep understanding of blockchain technology. Known for their disciplined approach, they have successfully navigated market fluctuations, capitalizing on opportunities and mitigating risks to achieve consistent returns. Join us as we delve into the insights and strategies of this seasoned crypto trader." @Blivato X $BTC $ETH $SOL
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