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Bitcoin (BTCUSD) remains volatile despite current correction BTCUSD remains in a correction phase with much volatility BTCUSD continues to navigate a correction phase characterized by significant volatility. Having reached an all-time high of ,840 on March 14th, the cryptocurrency encountered resistance at this level, initiating a corrective movement that retraced to the previous all-time high and subsequently declined further. Notably, the ,000 price level has been a focal point of heightened volatility as the market seeks to establish stability. BTCUSD Key Levels Supply Levels: ,000, ,000 Demand Levels: ,000, ,000 https://www.tradingview.com/x/r5w2dkKS/ While the Bitcoin market undergoes a correction following its recent surge, it concurrently experiences elevated levels of volatility, reflecting the rapid fluctuations in price during this period. Investors are eagerly anticipating a stabilization phase that would enable buyers to regroup and regain momentum. Crypto signals from the Average True Range (ATR) indicator on the daily timeframe highlight the current heightened volatility levels, persisting despite the ongoing correction phase that has lasted for over a week. Conversely, the Elders Force Index (EFI) illustrates the impact of the correction phase, with a drop below ,000 resulting in a negative value, followed by an upward reversal as the price recovers above this critical level. https://www.tradingview.com/x/zEHFVsmr/ Market Expectations On the 4-hour chart, the price descended within a channel to ,675 before correcting upwards to break out of the channel, pushing the EFI line above the equilibrium. The current price is positioned at a confluence of the channel's upper border and the ,000 level, potentially offering crucial support for bulls to initiate an upward rally. However, the ATR indicator suggests that volatility remains high, adding an additional layer of complexity to the market's current dynamics.

Bitcoin (BTCUSD) Remains Volatile Despite Recent Correction

BTCUSD Remains in a Correction Phase with Much Volatility BTCUSD continues to navigate a correction phase characterized by significant volatility. Having reached an all-time high of $73,840 on March 14th, the cryptocurrency encountered resistance at this level, initiating a corrective movement that retraced to the previous all-time high and subsequently declined further. Notably, the $64,000 […]

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Bitcoin (BTCUSD) is Poised for a Period of Consolidation

BTCUSD is Poised to Consolidate Below $69,000 Bitcoin (BTCUSD) is currently poised for consolidation beneath the significant threshold of $69,000. This follows a remarkable period of price escalation that commenced early last year. The upsurge reached its zenith in February of this year and extended into March. Bitcoin surpassed previous highs during this bullish surge, […]

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Bitcoin (BTCUSD) Takes a Step Back Due To Bulls Exhaustion

Bitcoin (BTCUSD) Takes a Step Back Due To Bulls Exhaustion

BTCUSD Takes a Dip After First Time Rejection at $73,540.00 BTCUSD takes a setback as bullish momentum wanes, signalling exhaustion among buyers. Following its initial rejection at the $73,540.00 resistance, BTCUSD takes a dip, marking a pivotal moment in its recent surge. This decline underscores a temporary pause in the market’s bullish momentum, evident after […]

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Blackrock Bitcoin ETF Hits B Mark as BTC Eyes 0K Post-Halving

Blackrock Bitcoin ETF Hits $10B Mark as BTC Eyes $100K Post-Halving

Blackrock’s Bitcoin ETF has soared past $10 billion, marking a significant milestone in institutional crypto investment. The ETF’s approval in January sparked hefty inflows, coinciding with the impending Bitcoin Halving in April, fueling optimism and driving Bitcoin to new heights. BlackRock $BTC ETF $IBIT at 4th place in terms of Volume traded! Everyday this new […]

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Richard Teng, CEO of Binance Remain Optimistic about Bitcoin's potential

Richard Teng, CEO of Binance Remains Optimistic about Bitcoin’s Potential

Richard Teng, CEO of Binance, a leading global cryptocurrency exchange, recently discussed the future of Bitcoin at a recent event in Bangkok.According to a report by Anuchit Nguyen for Bloomberg News, Teng expressed optimism about Bitcoin’s potential, suggesting it could soon surpass the $80,000 mark. He attributed this potential surge to increased institutional interest and […]

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Bitcoin (BTCUSD) Surpasses All-Time High, Gears Higher

Bitcoin (BTCUSD) Surpasses All-Time High, Gears Higher

BTCUSD Surpasses the $69,000 Price Level BTCUSD surpasses its all-time high at $69,000 by achieving a remarkable surge and signaling potential for further upward movement. With an impressive 80% price increase this year, Bitcoin has navigated barriers while approaching the upcoming halving event and overcoming hurdles that often involved brief accumulation periods before breaking through. […]

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Bitcoin (BTCUSD) is Currently Held Below $69,000

BTCUSD is Currently Stalled Below the $69,000 Key Level BTCUSD is currently held below the significant $69,000 level. This is despite showcasing robust bullish momentum with a more than 30% price increase over the past two weeks. Despite maintaining a bullish stance, the crypto faced a bearish setback on Tuesday, leading to a dip to […]

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BTCUSD Gears Up to Surpass All-Time High, Targeting $69,000

BTCUSD Gears Up to Break the $69,000 Level BTCUSD gears up to break through its all-time high, aiming to conquer the high-priced $69,000 after coming to test it. The ongoing impressive rally, extending from February into March, has seen Bitcoin surpass the crucial $64,000 key level, marking an impressive 80% increase in the past month. […]

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JPMorgan says Bitcoin Price Could Drop Toward ,000 after April Halving

JPMorgan says Bitcoin Price Could Drop Toward $42,000 after April Halving

In a recent report, JPMorgan has issued a cautionary forecast for Bitcoin investors, suggesting that the cryptocurrency’s price may experience a significant decline to $42,000 following the highly anticipated halving event scheduled for April. Analysts at the global investment bank have articulated that this level is where they anticipate Bitcoin prices to gravitate towards once […]

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