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Bitcoin Price Prediction as BTC Bounces From $60,000 Level – More Selling Incoming?

Cryptonews04-18

Bitcoin Price Prediction As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its ...

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With the dollar’s rise linked to paused rate cuts enhancing its ...</p>\n\n<a href=\"https://cryptonews.com/news/bitcoin-price-prediction-36.htm\">Source Link</a>\n\n</div>\n","source":"cryptonews_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Price Prediction as BTC Bounces From $60,000 Level – More Selling Incoming?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Price Prediction as BTC Bounces From $60,000 Level – More Selling Incoming?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 17:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cryptonews.com/news/bitcoin-price-prediction-36.htm><strong>Cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin Price Prediction\n\n\n\n\n\n\n\nAs Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its ...</p>\n\n<a href=\"https://cryptonews.com/news/bitcoin-price-prediction-36.htm\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://cryptonews.com/news/bitcoin-price-prediction-36.htm","article_id":"2428568539","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/data:image/svg+xml;base64,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?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428568539","pubTimestamp":1713431922,"sourceInfo":{"source_id":"cryptonews_highlight","name":"Cryptonews"},"weMediaInfo":null,"summary":"As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates.This positions Bitcoin at a precarious juncture, especially as the market braces for the April 20 halving, expected to slash mining rewards.This event and the dollar’s strength may heavily influence upcoming Bitcoin price prediction, pressing investors to closely monitor both market reactions and economic indicators.Bitcoin Declines as Dollar Strengthens Amid Rate Cut Pauses. — JackTheRippler   April 15, 2024Such partnerships are poised to enhance market liquidity and attract more institutional investors, potentially boosting Bitcoin’s demand and reinforcing its position as a mainstream asset class.","collect":0,"end_time":0,"defaultTopTitle":"cryptonews.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","RSI":"Rush Street Interactive, Inc.","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"随着BTC从60,000美元水平反弹，比特币价格预测——更多抛售即将到来？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"RSI":1},"content_text":"Bitcoin Price Prediction\n\n\n\n\n\n\n\nAs Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates.\nThis positions Bitcoin at a precarious juncture, especially as the market braces for the April 20 halving, expected to slash mining rewards.\nThis event and the dollar’s strength may heavily influence upcoming Bitcoin price prediction, pressing investors to closely monitor both market reactions and economic indicators.\n\n\n\n\n\n\n\nBitcoin Declines as Dollar Strengthens Amid Rate Cut Pauses\nAs the US dollar experiences its strongest five-day surge in 14 months, Bitcoin has seen a notable decline, falling 9% to $63,936. This drop is influenced by the likelihood of prolonged high interest rates, which tend to reduce the appeal of riskier assets such as Bitcoin.The inverse relationship between Bitcoin and the dollar typically sees Bitcoin gain popularity when the dollar weakens. However, with the upcoming Bitcoin halving on April 20—which will halve BTC mining rewards—investors are watching the markets closely.\nBitcoin drops as dollar eyes ‘best 5-day run’ in 14 months on expected rate cut hold\nThe Bloomberg Dollar Spot Index (BBDXY) — which tracks the performance of a basket of 10 leading global currencies versus the U.S. dollar — has climbed by approximately 2% over the last 5… pic.twitter.com/k3kFpxB7Wm\n— Lilac (@ChristinaH94232) April 17, 2024Despite Bitcoin’s current 52% market dominance, the broader economic concerns and high interest rate expectations are putting downward pressure on cryptocurrency values.\nBitcoin’s 9% drop coincides with the dollar’s significant rise.\nApril 20 Bitcoin halving anticipated to impact mining rewards.\nMarket watches closely as economic and rate concerns dominate.\nLBBW Partners with Bitpanda for Crypto Custody Services, Targeting Corporate Clients\nGermany’s largest state-backed bank, LBBW, is set to offer cryptocurrency custody services through a partnership with Bitpanda, starting in the second half of 2024. This move, initially targeting corporate clients, marks a significant step for institutional adoption of cryptocurrencies like Bitcoin and Ethereum.LBBW’s entry into the crypto custody market, facilitated by Bitpanda’s established infrastructure, reflects a growing interest among traditional financial institutions in cryptocurrency services.\n🚨BREAKING: Germany's Largest Federal Bank LBBW to Offer #Crypto Custody Services With Bitpanda! 👀\nGermany is becoming a crypto hub. 0% taxes after 1 year holding on cryptocurrencies! 🔥 pic.twitter.com/eBGh77183S\n— JackTheRippler ©️ (@RippleXrpie) April 15, 2024Such partnerships are poised to enhance market liquidity and attract more institutional investors, potentially boosting Bitcoin’s demand and reinforcing its position as a mainstream asset class.\nLBBW to launch crypto custody services with Bitpanda in late 2024.\nFocus on corporate clients, enhancing Bitcoin and Ethereum accessibility.\nPotential to boost market liquidity and institutional interest in cryptocurrencies.\nBitcoin Halving’s Long-Term Impact Underestimated, Says Bitwise\nBitwise Asset Management highlights that while immediate effects of Bitcoin halvings on its price have historically been minimal, their long-term impact significantly boosts its value.The typical pattern shows negligible price changes in the month following a halving, but substantial increases over the following year, suggesting that the market may undervalue these events’ long-term effects.Despite this, industry experts remain wary, anticipating potential declines and miner sell-offs post-halving.\nThe current market cycle is the first time #Bitcoin has hit an all-time high before halving.$BTC hit its current $73,679 peak on March 13; it has since corrected 16% to a low of $61,500.https://t.co/vguvfj0zSq\n— Cointelegraph (@Cointelegraph) April 17, 2024Although recent market corrections and predictions point to short-term volatility, historical trends suggest Bitcoin could experience considerable gains in the year after the halving, reinforcing optimistic long-term forecasts.\nMinimal immediate price impact post-halving; significant long-term gains observed.\nIndustry experts anticipate short-term volatility and potential declines.\nHistorical patterns suggest substantial gains for Bitcoin one year post-halving.\nBitcoin Price Prediction\nBitcoin (BTC/USD)’s pivot point holds at around $62,216. Immediate resistance lies ahead at $64,606, with further barriers at $67,695 and $70,959. On the downside, significant support levels are found at $59,418, $56,271, and $53,182.\n\n\n\n\n\n\n\n\n\n\n\n\n\nBitcoin Price Prediction\n\n\n\n\n\n\n\n\n\nTechnical indicators suggest a cautious outlook; the Relative Strength Index (RSI) is at 37, indicating potential oversold conditions, while the 50-Day Exponential Moving Average (EMA) at $66,047 reinforces the prevailing downward pressure.\nA definitive move above $62,215 may signal bullish potential, but slipping below could intensify selling pressures, hinting at deeper corrections.\n\nUnlock Cryptocurrency Rewards: Dive Into the 99Bitcoins Presale!\n\n99Bitcoins, a pioneering digital education platform, is redefining cryptocurrency learning through its unique ‘learn-to-earn’ system. Users engage with educational modules and earn $99BTC tokens, enhancing both their knowledge and their digital wallets.\n\nThe ongoing presale of $99BTC tokens is stirring considerable excitement, offering these tokens at a reduced price for early adopters.\n99Bitcoins Presale: Your Early Advantage\nThis presale is an invaluable opportunity for early investors to secure $99BTC tokens at advantageous rates, setting the stage for potential growth as the platform expands and its offerings evolve. These tokens reward users and open doors to further educational content and exclusive community perks.\n99Bitcoins\nDon’t Miss Your Chance\nAs of now, $439,698.51 has been raised towards the $1,136,737 goal. With only 5 days, 14 hours, 42 minutes, and 13 seconds remaining before the next price increase, act swiftly to purchase your $99BTC at just $0.00101 each.\nInvest now to capitalize on the opportunity to immediately stake your $99BTC.\n\nGet 99Bitcoins Here\n\n\n\n\n\n\n\n\n\n\n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}