Weekend Bitcoin Predictions

The third important data confirming the upward outlook is the DAA Differentiation. What is measured in Daily Average Addresses (DAA) Price Discrimination is the disparity between the current price and the number of active addresses interacting on a daily basis. According to the indicator that monitors user activity, you can say, what is happening now? We are getting a bullish signal. The thing is exactly this: "As the price decreases, the number of active addresses increases". This is a signal that supports the accumulation trend that we mentioned in the second upward signal. The fourth pillar for those who remain optimistic about the upcoming halving weekend. The Bitcoin block reward halving, which is expected to take place on April 20, has historically led to parabolic rallies. Most investors agree that the long-term outlook is positive because we do not see massive breakout selling below $69,000.

The fourth pillar for those who remain optimistic about the upcoming halving weekend. The Bitcoin block reward halving, which is expected to take place on April 20, has historically led to parabolic rallies. Most investors agree that the long-term outlook is positive because we do not see massive breakout selling below $69,000.

According to all these indicators, Bitcoin price may retest $ 70,000 at the end of the week (April 6-7). If we can see closings above $71,370, we can enter the halving at a much higher price. On the other hand, since Bitcoin price continues to show weakness in the $68,250 resistance area (at the time of writing), it is difficult to talk about a definitive rally, considering the reasons we mentioned in the introduction. And of course, we should be aware that no one can see the future and forget the nature of crypto full of surprises. In the bearish scenario, the target is $65,300 and $61,730.

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