Bitcoin is changing hands at around a three-week high when writing following refreshing gains on April 8. With the coin trading higher and above previous resistances, now support, analysts on X are upbeat.
In a post, one analyst said the recent dip before the upcoming Halving could be the final fire sale of 2024 before ordinary folks are priced out. For what’s expected in the coming months, the analyst urges traders and coin holders against panic selling even if prices coil lower from spot rates.
Bitcoin Is Rising: Trading At A 3-Week High
Since March 15, Bitcoin has been under pressure, days after breaking higher and registering a new all-time high at around $73,800. While the moment was historic, the subsequent dump saw the coin drop as deep as 15%, bottoming at around $61,000.
The recovery on March 20 is the basis of the current leg up. However, it is yet to be seen whether bulls have sufficient momentum to drive BTC above $74,000, with the Bitcoin Halving even
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