Willmartinzo
Contributor
52 days remain until the Bitcoin halving, and the price of BTC is just 20% below its current all-time high of $68,789.63. In addition, spot ETF inflows are reaching all-time highs, which is a big part of the reason why the price of bitcoin bounced back from the FTX debacle in just 16 months. When viewed in the context of the larger market data, the cryptocurrencies remain quiet and do not produce exceptionally bullish candles.
With this most recent action, the price of bitcoin has formally indicated that it is a part of the final price range before the ATH. The market is attempting to break through the critical resistance levels, which must be done to set new records for the current bull run. But it looks like the bulls have a firm hold on the rise, so setting a new ATH would not be too difficult.
When will the altcoins begin their ascent to the ATH, given that the price of Bitcoin is about to reach all-time highs? It is noteworthy that while altcoins are well behind their goal, Bitcoin is nearing its ATH and has set new highs in several global locations.
The market capitalization of altcoins has overcome a significant resistance level, standing at $936.44 billion, and is on track to surpass the $1 billion mark. Considering that the markets are now favoring bulls, making this breakthrough might not be a laborious task. Because the technicals are favoring bulls, a weekly close above these levels may raise the prices of the altcoins. The RSI has crossed over the upper bound and is predicted to stay in the same range as it did during the bull run in 2021.
As a result, once the levels reach the $1 billion milestone, a little correction is likely, however, it might not be a decline because the markets might still be moving in a bullish direction. According to a well-known expert going by the handle Captian Faibik, the price of Bitcoin may reach new highs in April or May, which means the AltSeason may start at the same time as the halving of the price of Bitcoin.
Curious about Bitcoin’s crystal-clear future? Bitcoin price prediction unveils an enticing forecast.
With this most recent action, the price of bitcoin has formally indicated that it is a part of the final price range before the ATH. The market is attempting to break through the critical resistance levels, which must be done to set new records for the current bull run. But it looks like the bulls have a firm hold on the rise, so setting a new ATH would not be too difficult.
When will the altcoins begin their ascent to the ATH, given that the price of Bitcoin is about to reach all-time highs? It is noteworthy that while altcoins are well behind their goal, Bitcoin is nearing its ATH and has set new highs in several global locations.
The market capitalization of altcoins has overcome a significant resistance level, standing at $936.44 billion, and is on track to surpass the $1 billion mark. Considering that the markets are now favoring bulls, making this breakthrough might not be a laborious task. Because the technicals are favoring bulls, a weekly close above these levels may raise the prices of the altcoins. The RSI has crossed over the upper bound and is predicted to stay in the same range as it did during the bull run in 2021.
As a result, once the levels reach the $1 billion milestone, a little correction is likely, however, it might not be a decline because the markets might still be moving in a bullish direction. According to a well-known expert going by the handle Captian Faibik, the price of Bitcoin may reach new highs in April or May, which means the AltSeason may start at the same time as the halving of the price of Bitcoin.
Curious about Bitcoin’s crystal-clear future? Bitcoin price prediction unveils an enticing forecast.