Bitcoin

The unprecedented entry of USDC suggests that the $60,000 that Bitcoin recently reached may represent a local low in the current bull trend. In other words, the market may be preparing to increase its demand at current price levels, driving the rally. Meanwhile, the currency has been trading sideways for the past three weeks, fluctuating between US$60,000 and US$73,700, its new all-time high. Therefore, analysts point out that the market is currently in a consolidation phase and that a breakout is close, both up and down. This scenario occurs while analysts remain optimistic in the medium term due to the halving scheduled for the second half of April. This event, which takes place every four years, consists of halving the issuance of the currency, which limits selling pressure and drives prices upward.#BTC100k