Bitcoin Price Prediction: BTC Plunges 5% In A Week As Experts Say This ICO Might Explode After The Bitcoin Halving

The
Bitcoin
price
is
up
almost
1%
in
the
past
24
hours
but
down
5%
in
the
last
week
to
trade
for
$66,409
as
of
05:22
a.m.
EST
time.

The
200-day
Exponential
Moving
Average
(EMA)
is
continuing
to
hold
after
providing
formidable
support
for
the
Bitcoin
price
over
the
last
six
months,
analyst
Ali
Martinez
told
his
56K
followers
in
a
post
on
X.
If
it
breaks,
the
downside
momentum
for
the
Bitcoin
price
could
extend,
much
like
happened
around
mid-January.

The
200EMA
on
the

#Bitcoin
four-hour
chart
has
been
formidable
support.
Since
early
February,
it
has
prevented

#BTC
from
dropping
further.

For
this
reason,
I’m
paying
close
attention
to
this
level
because
if
it
holds,
it
guarantees
a
rebound,
but
if
it
breaks
as
it
did
in…

pic.twitter.com/cnfruT9wUJ

—
Ali
(@ali_charts)

April
2,
2024

Bitcoin
Price
Dumps
As
BTC
RSI
Slips
Beneath
50
Mean
Level

The
upward
momentum
for
the
Bitcoin
price
remains
slim
to
none,
as
seen
with
the
position
of
the
Relative
Strength
Index
(RSI).
Notably,
this
momentum
indicator
is
below
the
‘50’
mean
level.

The
last
time
this
was
seen
was
around
the
last
week
of
January
before
spot
HTC
exchange-traded
funds
(ETFs)
inflows
started
going
berserk.
Then,
the
Bitcoin
price
was
around
the
$41,800
level.

NEW:
????Bitcoin
RSI
is
back
under
50
and
has
reset
to
levels
last
seen
when

#Bitcoin
was
$41,800,
just
before
the
ETF
inflows
really
took
off!

Get
ready
for
the
next
leg
up!
????

pic.twitter.com/MwtqJspDET

—
Bitcoin
Archive
(@BTC_Archive)

April
2,
2024

Meanwhile,
all
eyes
remain
peeled
on
the
Bitcoin
halving,
out
just
over
two
weeks.
With
this
optimism,
BTC
ETF
inflows
have
started
to
read
positive
again
after
a
prolonged
slowdown,
which
catalyzed
the
dump
in
the
Bitcoin
price.

????LATEST:
Weekly
ETF
Flows
Are
Positive
Again!

After
last
week’s
outflows
this
is
very
promising
to
see.

Don’t
be
fooled
by
the
little
shakeout,
the
bigger
picture
remains
the
same.

6-figure

#Bitcoin
is
coming
soon!!!

pic.twitter.com/CoQKTMf7jb

—
Kyle
Chassé
(@kyle_chasse)

April
2,
2024

With
the
positive
ETF
flows
inspiring
hope
in
the
market,
reports
have
also
indicated
that
the
Bitcoin
ETFs
are
likely
to
be
integrated
into
the
UBS
platform.
The
firm
boasts
up
to
$3.5
trillion
in
assets
under
management
(AUM).

UPDATE:
sources
saying
that

#Bitcoin
ETF’s
will
be
added
to

@UBS
platform
next
week
and
widely
available.

–
removal
from
PWM
silo.
–
removal
of
‘unsolicited’
order
restriction.
–

@UBS
manages
$3.5T
in
global
wealth.

—
Andrew
(@AP_Abacus)

April
2,
2024

The
integration
of
Bitcoin
ETFs
would
mark
a
landmark
shift
in
traditional
finance
as
it
points
to
more
adoption
for
BTC
and
crypto
in
general
from
wealthy
individuals.

Since
the
landmark
approval
of
multiple
spot
BTC
ETFs
in
January,
the
cryptocurrency
adoption
curve
has
steepened,
with
big
players
capitulating
to
the
allure
of
crypto.

One
analyst,
@CryptoMichNL
on
X,
says
that
the
consolidation
of
the
Bitcoin
price
and
BTC
peaking
as
part
of
the
pre-halving
rally
are
“Two
essential
ingredients
and
I
think
we
won’t
be
seeing
a
new
ATH
pre-halving.”

#Bitcoin
consolidating
and

#Bitcoin
peaking
pre-halving.

Two
essential
ingredients
and
I
think
we
won’t
be
seeing
a
new
ATH
pre-halving.

If
Bitcoin
dips
further
in
the
Summer,
I’ll
be
happy
to
be
buying
it
at
$56-60K.

It’s
still
altcoins
time.

pic.twitter.com/CongTohvNA

—
Michaël
van
de
Poppe
(@CryptoMichNL)

April
3,
2024

Bitcoin
Price
Prediction
Amid
Growing
Institutional
Adoption
For
BTC

For
now,
there
remain
conflicting
sentiments
among
analysts
and
traders
of
how
the
next
few
days
before
the
halving
would
be
for
BTC
price.
History
and
experience,
however,
tell
us
that
sentiment
is
often
the
best
indicator.
The
best
signal
for
sentiment
in
a
volatile
market
is
a
pullback.

With
the
200-EMA
holding
as
support
for
the
Bitcoin
price,
the
latest
pullback
could
be
setting
the
stage
for
a
pre-halving
rally.
There
is
a
caveat!
The
Bitcoin
price
must
first
flip
the
$69,000
roadblock
into
support
on
the
daily
timeframe
and
hold
steady
above
it.
This
would
be
the
first
sign
that
a
new
all-time
high
is
looming.

Such
a
move
would
encourage
additional
buy
orders,
especially
among
the
risk-averse
traders
who
are
waiting
for
a
safer
entry.

Not
buying
yet…

—
Ran
Neuner
(@cryptomanran)

April
2,
2024

The
ensuing
buying
pressure
could
fuel
further
upside
for
the
Bitcoin
price,
likely
enough
for
it
to
reclaim
the
$73,777
peak.
In
a
highly
bullish
case,
the
Bitcoin
price
could
extend
the
climb
to
record
a
new
peak
above
the
$74,000
range.

TradingView:
BTC/USDT
1-day
chart

On
the
other
hand,
the
RSI
has
recorded
lower
lows
while
the
Bitcoin
price
is
recording
higher
lows.
Analysts
interpret
this
as
a
hidden
bearish
divergence.
If
it
executes,
the
Bitcoin
price
could
confirm
the
loss
of
the
support
due
to
the
200-day
EMA
at
$65,570
by
breaking
below
the
upper
boundary
of
the
governing
chart
pattern.

Such
a
move
could
see
the
Bitcoin
price
provide
another
buying
opportunity
around
the
$60,800
level.

Meanwhile,
experts
are
also
looking
at
BTCMTX,
a
Bitcoin
derivative
analysts
say
has
the
potential
for
10X
gains
on
launch.

Analysts
also
rank
it
among
their
top
choices
for

penny
cryptos
with
the
potential
for
explosive
growth.

Promising
Alternative
To
Bitcoin

Ahead
of
the
expected
BTC
halving,
BTCMTX
presents
itself
as
the
most
promising
alternative
to
Bitcoin.
It
is
the
powering
token
for
the

Bitcoin
Minetrix
ecosystem,
a
cloud-mining
project
making
Bitcoin
ownership
achievable
even
for
the
ordinary
folk.

#BitcoinMinetrix
introduces
a
tokenized
cloud
mining
platform,
enabling
regular
individuals
to
participate
in
decentralized

$BTC
mining.
????

Effectively
eradicating
the
risk
of
third-party
cloud
mining
scams
and
granting
full
control
over
operations.
????

pic.twitter.com/5oWTwsR75v

—
Bitcoinminetrix
(@bitcoinminetrix)

April
2,
2024

The
project
operates
as
a
tokenized
cloud-mining
platform
where
community
members
can
mine
BTC
in
a
decentralized
fashion.

#BTCMTX
presents
a
reliable
cloud
mining
solution
designed
for
all

#Crypto
fans.

Previous
worries
about
hardware
and
scams
have
discouraged
numerous
individuals.

This
decentralized
approach
guarantees
a
clear
and
secure
mining
adventure.
????????

pic.twitter.com/A0IVhRLOnw

—
Bitcoinminetrix
(@bitcoinminetrix)

April
1,
2024

Bitcoin
Minetrix
is
in
the
presale
stage,
allowing
interested
investors
to

buy
BTCMTX
for
$0.0144
per
token.

Just
3
days
remaining
until
Stage
35
of

#BitcoinMinetrix
wraps
up!
⏳

Do
you
think
government
regulations
have
a
significant
impact
on

#Bitcoin
mining?
????️

pic.twitter.com/aiLtMxZy7h

—
Bitcoinminetrix
(@bitcoinminetrix)

April
2,
2024

So
far,
presale
sales
have
reached
upwards
of
$12.8
million
out
of
a
target
objective
of
$13.7
million.

#Iceland
faces
a
unique
dilemma:
balancing

#Bitcoin
mining
with
food
sustainability.
????

Prime
Minister

@katrinjak
highlights
the
nation’s
crossroads.

How
can
Iceland
leverage
renewable
energy
for
mining
while
ensuring
food
self-sufficiency?#BitcoinMinetrix
has
achieved…

pic.twitter.com/U3MuM1Esr2

—
Bitcoinminetrix
(@bitcoinminetrix)

March
26,
2024

Token
holders
can
stake
their
holdings
for
mining
credits
and
then
redeem
these
credits
for
mining
hash
power.

Visit
and
buy
BTCMTX
here.

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