Ukubikezela intengo ye-Bitcoin kuveza ukuthi i-BTC ingase iphume iphethini yamanje yesikhathi esifushane futhi iqhubekele ezingeni lama-$70,000.

Bitcoin Halving Event Draws Near

The Bitcoin (BTC) is on the rebound, edging closer to its mid-March record high, all amidst the eagerly awaited April halving event, just around the corner. Marking the second major trend poised to drive Bitcoin’s ascent in 2024, this halving event comes hot on the heels of the January debut of Bitcoin spot price ETFs.

Idatha Yezibalo Ze-Bitcoin Prediction:

• Intengo ye-Bitcoin manje - $69,777
• Bitcoin market cap – $1.3 trillion
• Ukunikezwa kwe-Bitcoin okujikelezayo - izigidi eziyi-19.6
• Ukunikezwa kwe-Bitcoin isiyonke - 19.6 million
• Izinga le-Bitcoin Coinmarketcap - #1

Umkhondo wesikhathi eside we-BTC / USD: I-Bullish (Ishadi Le-Daily)

Amanqindi amqoka:

Amazinga Okumelana: $ 81,000, $ 83,000, $ 85,000

Amazinga okusekela: $60,000, $58,000, $56,000

I-BTC / USD is currently trading at $69,777 with a 0.81% gain since the beginning of today’s trading. The Bitcoin price may head toward the upper boundary of the channel if the bulls increase the buying pressure. Moreover, for BTC/USD to remain above the 9-day and 21-day moving averages, it could make many traders feel that the $67,000 support level could be pretty strong.

Ukubikezela Kwentengo ye-Bitcoin: Ingabe Intengo ye-BTC Izokwephula Iphakeme

The Bitcoin price could not drop much cause of today’s trading, but if the first digital coin breaks below the support level of $67,000, it could change the coin’s direction to face the channel’s lower boundary. Alternatively, Bitcoin (BTC) may reclaim the previous resistance level of $70,000 to head to the upside. If successful, BTC/USD could aim at the resistance levels of $81,000, $83,000, and $85,000 respectively.

Nevertheless, the 9-day moving average may need to stay above the 21-day moving average as the coin consolidates around this level. Nevertheless, if the king coin slides below the lower boundary of the channel, this could mean that there may still be a room that the bears could explore. Therefore, the support levels of $60,000, $58,000, and $56,000 may play out.

Umkhondo wesikhathi esiphakathi kwe-BTC / USD: Bullish (Ishadi le-4H)

From a technical point of view, on the 4-hour chart, the Intengo ye-Bitcoin may spike above the 21-day MA, this may confirm the bullish movement if it touches the nearest resistance level of $72,000. Meanwhile, adding to the above, there is a little bit of bullish divergence as the coin crosses above the 9-day moving average to continue the bullish movement.

However, if the Bitcoin price faces the lower boundary of the channel, the market price could reach support at $66,500 and below. Meanwhile, if the current market value rises and crosses above the upper boundary of the channel, the Bitcoin price could hit the potential resistance level of $73,500 and above.

In the meantime, @TXWestCapital shared with his 37.1k followers on X (formerly Twitter) that #Bitcoin has surged approximately $2600 from this morning’s swing low, which occurred after the CPI data release. Were you rattled out of your position?

#Bitcoin has rallied ~$2600 so far off this morning’s swing low which was put in after the CPI data was released. Did you get shaken out? $ BTC pic.twitter.com/iu73XCbZiL

— Christopher Inks (@TXWestCapital) April 10, 2024

I-Bitcoin Alternatives

Should buyers drive the Bitcoin price beyond $70,000, it might indicate an upward trend, whereas a decline below $67,000 could suggest a bearish market within the channel. However, despite Bitcoin’s top-ranked market cap of $1.3 trillion, it might not offer the same growth potential as the newly introduced I-DOGEVERSE token. DOGEVERSE has already amassed over $1.3 million in its ongoing presale stage, making it a potentially more appealing investment option for investors seeking promising opportunities.

Dogeverse Presale Launching Now! Secure Early for Huge Gains!

[okuqukethwe okuhlanganisiwe]

With over $1.3 million raised in its presale and ongoing investor interest, $DOGEVERSE presents significant potential for growth in the crypto market. By getting in early, you can secure your position and capitalize on the increasing momentum of the token.

Joyina $DOGEVERSE movement today and seize the opportunity to be part of a groundbreaking revolution in cryptocurrency!

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• Source: https://insidebitcoins.com/news/bitcoin-price-prediction-for-today-april-10-btc-technical-analysis