RATE Group | Is BTC/USD still in the buy zone heading into the May halving?
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Is BTC/USD still in the buy zone heading into the May halving?

20 Apr Is BTC/USD still in the buy zone heading into the May halving?

Posted at 06:31h in Bitcoin News by

  • Bitcoin price is stable above $7,000 following the rally from levels under $6,500 last week.
  • BTC/USD is about to enter a unique buy zone after crossing above the Ichimoku Cloud.

The weekend session has been stable for most cryptocurrencies especially for Bitcoin. The bulls desire to close the week above $7,000 materialized with an opening value of $7,129. BTC/USD has remained in the green throughout the Asian session on Monday. At the time of writing, the largest digital asset is trading at $7,160 after adding a subtle 0.46% to its value on the day. The existing trend is bullish, although the low volatility suggest that very minor upwards movements are expected in the current session.

Bitcoin approaches halving

Bitcoin is grinding closer to the most-anticipated event not only for the network but also for the entire cryptocurrency industry. The May 2020 block reward halving happens to be third in the history of Bitcoin. Reward halving assists in controlling…

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