Ethereum

Cryptocurrency

Bitcoin

Block

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-bitcoin-metrics-hit-peak-levels-not-seen-since-november-2021/" data-wpel-link="internal">Key Bitcoin Metrics Hit Peak Levels Not Seen Since November 2021</a> 
<a href="https://coin-turk.com/bitcoinde-btc-kritik-metrik-zirvede-en-son-kasim-2021de-bu-seviyedeydi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-50-000-dolari-gorur-mu" data-wpel-link="internal">BTC</a>) is experiencing a downturn as bears push the price below the critical $60,000 threshold, increasing anxiety among investors. Falling below this level could have negative consequences not only for <a href="https://en.coin-turk.com/analyst-kevin-svenson-predicts-upcoming-bitcoin-rally-surpassing-76000/" data-wpel-link="internal">Bitcoin</a> but also for the broader <a href="https://coin-turk.com/okex-bir-kripto-parayi-daha-platformuna-ekledi" data-wpel-link="internal">altcoin</a> market, especially <a href="https://en.coin-turk.com/ethereum-surges-past-3000-as-optimism-grows-among-traders/" data-wpel-link="internal">Ethereum</a> (ETH). 
<h2 style="text-align: justify" id="strong-bitcoin-faces-critical-levels-strong">Bitcoin Faces Critical Levels</h2> 
<a href="https://en.coin-turk.com/important-developments-in-cryptocurrencies-key-dates-us-data-and-opening-locks/" data-wpel-link="internal">Cryptocurrency</a> expert CryptoJelleNL pointed out today on his personal X account that the latest chart pattern indicates an ongoing battle between bulls and bears. The analyst noted that Bitcoin recently retested the bottom of its current range, highlighting the continuing dominance struggle. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-341757" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-BTC-Analiz-1.png" alt="" width="900" height="865"> 
In the face of current market volatility, analysts like CryptoJelleNL stress the importance of patience. Amidst market dynamics, the analyst advised a cautious approach, suggesting waiting without taking profits until Bitcoin surpasses $70,000. Despite the grim outlook, the analyst remained optimistic, referencing the proverb that the darkest period is often just before dawn in a bull market. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-341758" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-BTC-Yorum.png" alt="" width="800" height="412"> 
Famous cryptocurrency analyst Michael van de Poppe echoed this cautious optimism, stating that Bitcoin is currently playing a wait-and-see game as momentum decreases. He expects continued pullbacks and consolidation in the short term, while also noting that periods of capitulation often precede reversals. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-341759" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-Yorum-Analiz.png" alt="" width="1600" height="851"> 
Van de Poppe suggested that Bitcoin’s market dominance might have peaked after consolidation and could potentially signal a downtrend, as supported by chart analysis. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-341760" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-Grafik-Analiz-Yorum.png" alt="" width="800" height="523"> 
Meanwhile, closely followed cryptocurrency analyst Ali Martinez highlighted that Bitcoin has entered a consolidation phase within a well-known trading channel, with $61,000 acting as a critical support level. Martinez noted that breaking this support could lead to a drop to $56,200, while maintaining it could see a rise to $66,500. 
<h2 style="text-align: justify" id="strong-eyes-on-bitcoin-s-fourth-block-reward-halving-strong">Eyes on Bitcoin’s Fourth Block Reward Halving</h2> 
Despite differing opinions among analysts, the crypto world is focused on the expected Bitcoin’s fourth block reward halving on either April 19 or April 20. Historically, halvings have been a significant price influencer by reducing new supply by 50%, potentially leading to upward movements if demand remains stable or increases, with market observers anticipating this trend to continue post-halving. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/key-bitcoin-metrics-hit-peak-levels-not-seen-since-november-2021/" data-wpel-link="internal">Key Bitcoin Metrics Hit Peak Levels Not Seen Since November 2021</a></h5>

Key Bitcoin Metrics Hit Peak Levels Not Seen Since November 2021

Table of Contents

COINTURK NEWS

Other articles published on Apr 18, 2024

3 Undervalued Altcoins Positioned for Breakout Success

The BEFE Coin: Inspiring Change in the Cryptocurrency Community

Binance Shifts $1B Emergency Fund To Stablecoin USDC: A New Era Of Stability?

Explore the Next Big Crypto Wins with These 4 Altcoin

Harnessing the Power of Web3 to Create a Thriving GameFi Ecosystem: CryptantCrab Prime

Next Cryptocurrency To Explode Thursday, April 18 – Pyth Network, Dogecoin, Injective

Join our free newsletter for daily crypto updates!