Bitcoin Analysis – 25.Mar.2024
Bitcoin Analysis: By checking the Bitcoin chart in the weekly (logarithmic) time frame, we see that the price after correction to $60,800 was again accompanied by demand and is currently in the range of $67,500! There are only 25 days left until the Bitcoin halving and we will probably see extreme price fluctuations before and after the halving! According to the previous analysis, the next possible targets of Bitcoin will be $77,700, $79,000, $85,000 and $100,000 respectively! “Glassnode data indicates a decrease in Bitcoin transfer values compared to the 2021 peak, suggesting investors are waiting to sell at higher prices. This aligns with Blockware Solutions’ analysis, which interprets the trend as a strong market confidence and a reluctance to sell Bitcoin.”
(This Post on TradingView)
Author : Arman Shaban
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