Crypto coins rose over the past 24 hours with investor sentiment boosted by strong earnings from tech giants. Concerns about the financial health of some US regional banks also led some investors to switch away from traditional finance into crypto assets.
The price of Bitcoin rose 0.5 percent to roughly 43,000 US dollars over the past 24 hours. Its price has oscillated around this level over the past month. The founder of MN Trading, Michaël van de Poppe, foresees a correction to 42,000 dollars, before a push to 48,000-50,000 dollars prior to its halving.
“The Bitcoin halving is set to occur on 17 April 2024. The 365 days after the Halving offer the best risk-reward opportunity to long Bitcoin historically. This is the exact window where the rate of change of the supply growth rate gets compressed and declines by more than -4% a month,” the founder of Capriole Fund, Charles Edwards said.
Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Ripple’s XRP, Cardano and Avalanche facing bearish clouds and downside risks according to ATTMO. As for Ether, Litecoin, Binance Coin and Dogecoin, they should all profit from a bullish sun and upside potential.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Polygon and Chainlink, while the other altcoins covered by ATTMO are set to face bearish clouds.
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The price of Bitcoin rose 0.5 percent to roughly 43,000 US dollars over the past 24 hours. Its price has oscillated around this level over the past month. The founder of MN Trading, Michaël van de Poppe, foresees a correction to 42,000 dollars, before a push to 48,000-50,000 dollars prior to its halving.
“The Bitcoin halving is set to occur on 17 April 2024. The 365 days after the Halving offer the best risk-reward opportunity to long Bitcoin historically. This is the exact window where the rate of change of the supply growth rate gets compressed and declines by more than -4% a month,” the founder of Capriole Fund, Charles Edwards said.
Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Ripple’s XRP, Cardano and Avalanche facing bearish clouds and downside risks according to ATTMO. As for Ether, Litecoin, Binance Coin and Dogecoin, they should all profit from a bullish sun and upside potential.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Polygon and Chainlink, while the other altcoins covered by ATTMO are set to face bearish clouds.
Follow us for more crypto weather reports!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.