The current outlook for Bitcoin in April suggests a potential shift towards a bear market following several months of consistent growth.
This shift could be influenced by factors such as the upcoming halving event, which may lead to increased selling pressure or profit-taking behaviors among investors.
It's worth noting that after surpassing the $60,000 mark, there's a lack of significant support until the $50,000 level, indicating a potentially steep decline.
With this in mind, it's prudent to exercise caution and carefully plan investment strategies during this period of heightened volatility.
Additionally, holding short positions starting at $72.8k could be a strategic move given the market dynamics.
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