As cryptocurrency options exchange Deribit approaches its $15 billion contract settlement deadline, Bitcoin bulls find themselves with a compelling reason for optimism. Speculation suggests that the cryptocurrency could surge to $80,000, potentially as soon as this weekend or the following week.
Bitcoin continues to trade above its 2021 all-time high, fueling anticipation of a breakout amidst the impending expiration of $15 billion in digital assets. Crypto analyst CryptoJelleNL, in a post on March 29, highlighted the likelihood of significant market movement coinciding with the options expiry.
According to a pseudonymous crypto trading expert, Bitcoin's recent breakout from its descending broadening wedge and above its weekly support suggests a bullish trend. The expert predicts that Bitcoin could reach $80,000 in the near future, citing technical chart patterns such as the cup & handle formation.
Bitcoin’s cup & handle pattern. Source:CryptoJelleNL
At the time of reporting, Bitcoin is trading at $70,140, marking a slight decline of 0.86% for the day. However, it has recorded a notable 9.19% increase over the past week and a substantial 18.08% gain in the last month. Despite short-term fluctuations, sentiment remains bullish.
Crypto specialist TradingShot has set an even more ambitious target for Bitcoin, projecting a price prediction of $200,000 based on historical resistance levels and previous market patterns. This bullish outlook underscores growing optimism within the crypto community.
While the future price of Bitcoin appears promising, the volatile nature of the cryptoverse necessitates caution. Making definitive predictions in such a dynamic market is challenging, emphasizing the importance of conducting thorough research before investing.
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Xu LinBitcoin hits a record $73,679, signaling bullish momentum with strong gains across various time frames. Technical analysis suggests robust support levels and positive indicators, reinforcing the ongoing uptrend. However, caution is advised for potential pullbacks amid overbought conditions and profit-taking.
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JinseFinanceWhile MKR has established itself as a transaction volume leader, challenges in RWA inflows have prompted a revenue shift towards alternative products, impacting the overall financial landscape of MakerDAO.
Cheng YuanBitcoin confronts strong resistance at $48K, leading to a 15% drop to $41K. Further decline to $38K possible, supported by technical analysis and 100-day moving average. 4-hour chart shows consolidation, with $42K as a key level. On-chain Puell Multiple indicates positive market conditions but suggests potential for a substantial correction before a bullish trend. Traders and investors advised to monitor key levels closely.
Xu Lin昨晚8点，从傍晚6时就开始脱离45k横盘阵地的BTC，到达了向下跌落的最快加速度。短短2个小时，便从45k插针到接近40k。
JinseFinance“Hal-hal tampaknya telah stabil,” kata Zhao mengenai penarikan multi-miliar pengguna baru-baru ini dari Binance.
cryptopotatoData on-chain menunjukkan pertukaran crypto Coinbase mengamati 38k BTC dalam arus keluar sesaat sebelum Bitcoin pulih kembali di atas $30k. Bitcoin ...
Bitcoinist$20.000 atau $32.000? Keduanya menampilkan prospek aksi harga Bitcoin ke depan.
CointelegraphJohn R. Buran, CEO dan Presiden, Flushing Financial Corporation: "Sebagai bagian dari transformasi digital kami yang berkelanjutan, kami menyadari pentingnya mengikuti tren pasar yang sedang berkembang."
Cointelegraph