RATE Group | Why Bitcoin Price Can Hit $9K With Less Than 17 Days Before Halving
86676
post-template-default,single,single-post,postid-86676,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Why Bitcoin Price Can Hit $9K With Less Than 17 Days Before Halving

25 Apr Why Bitcoin Price Can Hit $9K With Less Than 17 Days Before Halving

Posted at 15:22h in Bitcoin News by

The price of Bitcoin (BTC) has been stagnating between $6,600 and $7,200 for a few weeks, but finally, a breakout occurred to the upside, which meant a 10% push towards $7,750. 

But Bitcoin is not the only cryptocurrency that has been showing strength as altcoins are also following suit with Cardano (ADA) jumping by 22% and Ethereum (ETH) by 16%. 

So what can be expected from the markets with just over two weeks before the halving for Bitcoin? 

Crypto market daily performance. Source: Coin360

Bitcoin breaks crucial $7.2K resistance but faces $7.8K next

The price of Bitcoin was stagnating between $6,800 and $7,300 for a few weeks, which made the price indecisive on which direction it wanted to go. The clear answer was given by a crucial breakout above the $7,300 resistance zone, as the chart is showing.

BTC USDT 4-hour chart. Source: TradingView

The price of Bitcoin held the $6,800 area earlier this week as support, after which it started to rumble up for a test of the resistances….

Source link

Tags:
, , , , , ,