NEAR Protocol

2024

Bitcoin

Captain

Coin

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-will-soon-hit-86k-if-this-happens/" rel="noopener noreferrer nofollow">Bitcoin Price Will Soon Hit $86K If This Happens</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has remained relatively calm in the past 24 hours despite fluctuating Bitcoin’s (BTC) price on the lower border of a weekly bullish flag. On the hourly chart, Bitcoin price against the US dollar has been grinding lower after experiencing a significant resistance level of around $67,200.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-bleed-to-altcoins">Bitcoin Bleed to Altcoins</h2>
<p>Short-term Bitcoin investors have been distributing their profits to the altcoin market to maximize gains. Furthermore, Bitcoin dominance has retraced more than 2 percent since the halving event to about 55 percent on Friday.&nbsp;</p>
<p>The ETH/BTC pair on the weekly and hourly time frames has formed a reversal pattern that favors an altseason ahead. Some altcoins to pay attention to include Binance Coin (BNN), NEAR Protocol (NEAR), and meme coins.</p>
<h2 class="wp-block-heading" id="h-high-impact-events-ahead">High-Impact Events Ahead</h2>
<p>The global cryptocurrency community will be graced with the trading of spot BTC ETFs in Hong Kong. The approval of spot BTC ETFs in Hong Kong will add to the bullish sentiment triggered by the U.S.-based similar approval.&nbsp;</p>
<p>Meanwhile, the third Federal Funds Rate will be released on the first day of next month. Market experts believe the Fed will hold its benchmark interest rate, with anticipated interest rate cuts later this year.</p>
<h2 class="wp-block-heading" id="h-key-btc-levels-to-watch-ahead">Key BTC Levels to Watch Ahead</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A Successful Bullish Flag Breakout will Send <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> to 86k..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f51c.png" alt="🔜" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Trust the Process. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/CN1NPD1pF5" rel="noopener noreferrer nofollow">pic.twitter.com/CN1NPD1pF5</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1783727655998705904?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>A popular and reputable crypto analyst alias, Captain Faibik, has closely followed Bitcoin prices and is armed with technical expertise. According to the crypto analyst, Bitcoin price has been forming a bullish flag in preparation for the next uptrend. Furthermore, the flagship coin is already in the price discovery phase after reaching an ATH of around $74k last month.</p>
<p>The Analyst expects the Bitcoin price to retest the support level of around $61k several times before rebounding to a new ATH above $86k soon.</p>

Bitcoin Price Will Soon Hit $86K If This Happens

Table of Contents

CoinPedia News

Other articles published on Apr 26, 2024

Impact of US Economic Performance on Cryptocurrency Markets

Michael Saylor Summarizes Why MicroStrategy Is Superior To Bitcoin ETFs

Ethereum grabs spotlight in new US SEC legal tussle

ConsenSys Sues The SEC To Prevent It ”Arbitrarily” Expanding Its Jurisdiction Over Ethereum

Stripe Reignites Cryptocurrency Payments with USDC Stablecoin Integration

Apple Reportedly in Talks to Deal with This Altcoin-Linked Company

Join our free newsletter for daily crypto updates!