Bitcoin

<ul><li>Bitcoin&#39;s historic achievement of closing above the .618 Fibonacci retracement level signals strong resilience and potential for further growth.</li><li>Near overbought conditions indicated by the 4-hour RSI suggest a possible correction in Bitcoin&#39;s price in the near term.</li><li>Despite short-term fluctuations, Bitcoin&#39;s long-term outlook remains optimistic, driven by increasing adoption and institutional interest.</li></ul><a href="https://cryptotale.org/expert-data-reveals-shift-in-bitcoin-holder-behavior-amid-current-price-surge/" rel="noopener noreferrer nofollow">Bitcoin</a> has made history by achieving a significant milestone in its price movement. As per Matthew Hyland, a prominent blockchain figure, BTC has closed a weekly candle above the .618 Fibonacci retracement level for the first time, from its cycle high to cycle low before the halving.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f14f896c276247c6af238cccbfdbc7d7.png" />Hence, it indicates a notable breakthrough in its price trajectory,<a href="https://cryptotale.org/analysts-foresee-bitcoins-ascent-to-200k-amid-volatility/" rel="noopener noreferrer nofollow"> showcasing</a> resilience and potential for further growth. At the time of writing, Bitcoin&#39;s price is <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$52,044.40</a>, with a 24-hour trading volume of $18.2 billion. Over the last 24 hours, Bitcoin has seen a modest increase of 0.82%.Read full article at <a href="https://cryptotale.org/is-bitcoin-heading-for-a-correction-key-market-insights-revealed/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Is Bitcoin Heading for a Correction? Key Market Insights Revealed

CryptoTale

2024년 2월 19일에 게재된 다른 기사

XRP Community Has No Desire for Peace, Cardano Founder Claims

Bitcoin Price Prediction As BTC Makes Final Turn Into Pre-Halving Rally, $58,000 Next?

Best Crypto to Buy Now February 19 – Manta Network, Altlayer, Xai

Why is Gary Gensler fighting with Wall Street?

Pixels Team Announces 20 Million PIXEL Token Airdrop for Ronin Network Users

Goldman Sachs Reveals S&P 500 Forecast: Will Bitcoin Continue to Rise?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!