Posted in

Bitcoin Price Prediction as $35 Billion Trading Volume Sends BTC Toward New All-Time Highs – Time to Buy?

Bitcoin’s price, now at $70,768 with a 1.50% rise, is nearing uncharted territory, spurred by a $35 billion trading volume.

Amidst Google’s embrace of blockchain data, indicating growing mainstream acceptance, Bitcoin price predictions are increasingly optimistic, suggesting a trajectory towards new all-time highs.

This shift underscores a significant moment in cryptocurrency’s integration into the broader financial landscape.

Google Embraces Bitcoin: Indexes Blockchain Data Amid Growing Interest

Google now indexes Bitcoin blockchain data, offering search insights into transactions and wallet balances, marking a significant shift since lifting its Bitcoin ad ban. This integration could boost Bitcoin’s visibility and adoption but raises privacy concerns.

Despite these changes, Bitcoin search trends remain high, signaling enduring interest and potential for increased investment in the cryptocurrency.

  • Google now displays Bitcoin transaction details in search results.
  • Move may enhance Bitcoin’s accessibility but raises privacy issues.
  • Search interest in Bitcoin remains strong, indicating sustained investment potential.

Brazil’s B3 Exchange to Launch Bitcoin Futures in April, Boosting Crypto Accessibility

Brazil’s B3 Stock Exchange is set to launch bitcoin futures trading on April 17, with contracts tied to the Nasdaq Bitcoin Reference Price.

This initiative aims to meet the demand for bitcoin price hedging and investment exposure, offering financial settlement instead of physical bitcoin transfers

B3’s move signifies a major advancement in integrating bitcoin into Brazil’s financial market, potentially drawing more institutional investors and stabilizing bitcoin’s price fluctuations.

  • B3’s bitcoin futures linked to Nasdaq’s price, launching in April.
  • Futures aim for financial hedging and investment in bitcoin.
  • Could lead to broader institutional engagement and market stability for bitcoin.

BlackRock’s Fink Embraces Bitcoin: IBIT Becomes Fastest Growing ETF

BlackRock CEO Larry Fink has expressed strong optimism for Bitcoin, highlighting the rapid growth of their Bitcoin ETF, IBIT, which has amassed over $17.2 billion.

Fink’s positive outlook, including consideration for an Ethereum ETF pending regulatory approval, marks a significant shift in his stance on cryptocurrency.

His endorsement underscores Bitcoin’s viability as a durable investment, potentially fostering greater confidence and investment in the digital currency.

  • Fink’s bullish view on Bitcoin boosts market confidence.
  • IBIT’s success signals strong retail demand and market potential for Bitcoin.
  • Openness to an Ethereum ETF indicates expanding institutional crypto interest.

Bitcoin’s Market Evolution: Navigating Beyond the Four-Year Cycle

Bitcoin is on the brink of another halving event, sparking anticipation of major market shifts. With its price surpassing $73,000, driven by institutional investments and potential ETF approvals, the landscape appears to be changing.

Challenges like inflation and mining sector issues, alongside U.S. political dynamics, could influence the market’s trajectory.

The upcoming halving might reduce the impact of the traditional four-year cycle, leading to a more consistent market driven by institutional players. This shift could enhance stability but might diverge from Bitcoin’s original decentralized nature.

The potential for increased sovereign adoption could further integrate Bitcoin into the global financial system, promoting stability and sustained growth.

  • Bitcoin’s halving may redefine the market cycle.
  • Institutional investments could lead to a more stable market.
  • Sovereign adoption might drive global acceptance and reduce volatility.

Bitcoin Price Prediction

Bitcoin (BTC/USD) shows signs of consolidation in the latest trading session, hovering close to the pivot point of $68,520.

The cryptocurrency encounters immediate resistance at $71,535, with further resistance levels waiting at $73,543 and $75,116. Should buying interest increase, surpassing these levels could confirm the momentum for a bullish advance.

Bitcoin Price Chart
Bitcoin Price Chart – Source: Tradingview

On the downside, Bitcoin finds support at $66,461, with additional layers of potential buying interest at $63,941 and $60,000.

The 50-day EMA lies just below current prices at $68,595, suggesting the market is in balance. The Relative Strength Index (RSI) is at a neutral 56, indicating that there is room for price movement in either direction without being overextended.

In conclusion, the trend for BTC/USD could be described as neutral with a bullish inclination as long as prices remain above the pivot point.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Check other news for today and Please stand by..

*********************************

If one of the paying programs on our Monitor appeals to you, please support EmilyNews by registering for it on our website. Thanks very very much!

EN web Support Chat | Hyips and Crypto questions – HyipChatEN

Telegram Chat for Crypto and Hyip reports: @HyipChatEN

*********************************

Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook, EN Telegram, EN Twitter
or Subscribe to EN Feedburner and submit your email address!

If you like this article and want to support EN – please share it by using at least few of social media buttons below. Thanks and See you tomorrow!

Leave a Reply

Your email address will not be published. Required fields are marked *

join program here