2024

Bitcoin

April

<p>The post <a href="https://coinpedia.org/news/bitcoin-skyrockets-to-65k-expert-warns-of-potential-consolidation-ahead/">Bitcoin Price: Bullish Run or Pre-Correction Calm? Experts Weigh In</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cryptocurrency enthusiasts are cheering as Bitcoin confidently breaks the <a href="https://coinpedia.org/price-analysis/bitcoin-price-all-set-to-hit-66k-this-week-heres-why/">$65,000 mark</a>, a mere 6% shy of its all-time high at $69,044 in November 2021. However, amidst the excitement, renowned crypto analyst Michaël van de Poppe sounds a cautionary note, predicting a potential consolidation or correction in the coming weeks.</p> 
<h2 class="wp-block-heading" id="h-van-de-poppe-s-insight"><strong>Van de Poppe’s Insight</strong></h2> 
<p>In his recent analysis, Van de Poppe acknowledges Bitcoin’s climb to a new yearly high but suggests that it might be approaching a peak. The big question is whether the impressive surge will continue or if a period of consolidation and correction is on the horizon.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> making a new yearly high, as we're approaching $65K.<br><br>I think we're close to peaking on the price action and are going to consolidate -&gt; correction to lead later this month/beginning April.<br><br>Great movements, nonetheless. <a href="https://t.co/I3IfnmkSLy">pic.twitter.com/I3IfnmkSLy</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1764602512122789997?ref_src=twsrc%5Etfw">March 4, 2024</a>
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<p>Van de Poppe sees a consolidation phase looming, expected to unfold around late March or early April. Despite the warnings, he acknowledges positive movements in the overall market, offering a glimmer of optimism amid the caution.</p> 
<h2 class="wp-block-heading" id="h-charles-edwards-caution"><strong>Charles Edwards’ Caution</strong></h2> 
<p>Charles Edwards, from Capriole Investments, takes a careful stance amid the potential for market corrections. Even with no immediate shift, Edwards suggests that the lingering excitement from the previous month might take a bit more time to settle.</p> 
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   <p lang="en" dir="ltr">Simple facts:<br>– Bitcoin is at resistance<br>– Funding is 6-9X normal<br>– Memecoins are mooning<br>– ETF flows stagnating<br><br>These are not conditions historically conducive of a large rally continuing.</p>— Charles Edwards (@caprioleio) <a href="https://twitter.com/caprioleio/status/1764063172796027281?ref_src=twsrc%5Etfw">March 2, 2024</a>
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<p>Describing the ongoing excitement as “froth,” Edwards suggests it might persist for 2-3 weeks before calming down, hinting at a possible correction around mid to late March. Drawing parallels with early 2021, he notes a similar period of heightened enthusiasm leading to a correction in early Q2, delaying Bitcoin’s new all-time highs until November.</p> 
<h2 class="wp-block-heading" id="h-bulls-in-the-lead"><strong>Bulls in the Lead?</strong></h2> 
<p>As of now, Bitcoin is gearing up for another positive month, with a 14% surge since March’s start. Trading above $65,000, a 5% spike in the last 24 hours suggests a positive outlook for the bulls.</p> 
<p>With the Bitcoin halving event still 52 days away on April 21st, many predict Bitcoin achieving a new all-time high before this significant event. As the crypto community watches, the question remains: will Bitcoin keep its bullish run or face the predicted correction soon?</p>

Bitcoin Price: Bullish Run or Pre-Correction Calm? Experts Weigh In

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