December 23, 2024
#Cryptocurrencies

Will Bitcoin start its highly anticipated bull run?

Fourth halvingcompleted its Bitcoin (BTC) cryptocurrency investors are slowly getting excited.

What the crypto industry has been looking forward to for a long time Bitcoin The halving took place as of April 20th. Even if there is no clear change in the BTC price yet, there are great expectations from the leader of cryptocurrencies in the future. Which levels may be important to follow for BTC, which is currently trading in the $65,000 band?


Bitcoin halving euphoria has not started yet!

Bitcoin, which made ATH in the past days with the mobility brought by Halving, had seen heavy sales due to geopolitical problems. BTC, which fell below $ 60,000 twice, managed to recover afterwards. The admiral of cryptocurrencies, which took off with the realization of Halving, is currently looking for its direction at $ 65,000.

Factors such as the start of the Halving euphoria or a decline in FED interest rates could push BTC to the upper levels. In such a scenario, a move towards $65,766 – $67,613 – $69,017 – $71,289 and $73,684 may come respectively.

If Halving fails to have the expected impact on the market, the FED maintains its tight interest rate policy or Israeli-Iranian tensions escalate, it will naturally increase sales in BTC. In such a scenario, declines up to $ 63,120 – 62,030 – 60,810 – 59,024 – 56,622 and 54,966 can be followed respectively.

In addition, for the short/medium term price structure, buyers should pay attention to the $63,120 – $62,030 range. A sharp loss of this range could make $60,000 a strong resistance. As an important level both psychologically and technically, $60,000 should be closely monitored.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk and readers should do their own research when making decisions.

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