Bitcoin Halving Event 2024: All You Need to Know
Welcome to the most anticipated month of April 2024 as we countdown to the upcoming Bitcoin halving event just 20 days away. The Bitcoin (BTC) price has been displaying strength recently, currently trading at $69,500 levels with a market cap of $1.366 trillion. Let’s delve into the details of the strong breakout leading to the Bitcoin halving event and the potential price action ahead this week.
Strong Breakout Leading to Bitcoin Halving 🚀
– Crypto analyst Rekt Capital indicates that Bitcoin has started the breakout process
– First step: Weekly close above the range high
– Second step: Possible dip into the range high to retest as new support
– Bitcoin price aiming for $75,000 as halving approaches
– Monthly closing above previous ATH of $69,000 is a bullish sign
BTC Price Action Ahead This Week 📈
– Importance of Federal Reserve’s interest rate trajectory and BTC-spot ETF data
– US BTC-spot ETF market closure on March 29, reacting to April 1 data
– US to unveil non-farm payroll data and unemployment rate for March
– BTC response to US economic indicators influenced by BTC-spot ETF market
– Grayscale Bitcoin Trust (GBTC) net outflows decrease, impacting sentiment
Hot Take: Are You Ready for the Bitcoin Halving Event?
Get prepared for the upcoming Bitcoin halving event with all the latest insights and analysis to guide your crypto investments during this crucial time.
***Sources:***
– [Mark Yusko CNBC Interview](https://www.cnbc.com/2024/03/30/hedge-fund-manager-mark-yusko-bitcoin-soaring-to-150000-this-year.html)
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