Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin Titer on the Edge of Glory: Will it Break $70,000 Resistance?
BITCOIN NEWS

Bitcoin Titer on the Edge of Glory: Will it Break $70,000 Resistance?

By Crypto FlexsApril 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Titer on the Edge of Glory: Will it Break ,000 Resistance?
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) has been steadily rising towards a new all-time high (ATH) and is currently gaining a foothold in the $68,000 range.

This level of performance represents a culmination of investor confidence, market dynamics and underlying economic factors that paint a broader picture of the “resilience and attractiveness” of digital currencies.

Cryptocurrency analyst Ali recently said: shine a light Identifying significant resistance levels that could impact near-term price movements at critical points in Bitcoin’s journey.

Major resistance awaits

Ali’s analysis brings to the fore the specific resistance barriers Bitcoin faces on its way to achieving new ATHs. According to Ali, the $70,320 resistance level, featuring a total volume of 599,260 BTC held by 736,380 addresses, acts as a gatekeeper for further bullish momentum.

Exceeding this threshold could potentially fuel Bitcoin’s rise, further solidifying its status as the pinnacle of the cryptocurrency market.

This resistance is indicative of the collective expectations and strategic positioning of hundreds of thousands of investors invested in the digital gold of Bitcoin in particular.

#Bitcoin It has found solid ground at $68,300, but a drop below could lead to a decline to the next support range of $65,250-$63,150, with 760,000 wallets holding 520,000. $BTC.

On the positive side, securing $70,320 in support is very important. #BTC Over the next bridge! pic.twitter.com/EMPBRRADzT

— Ali (@ali_charts) April 1, 2024

Meanwhile, the sentiment in the cryptocurrency market was like a roller coaster. Bitcoin fell 1.4% in the past week and 2.4% in the last 24 hours, reaching a market price of $68,448 at the time. writing.

Precautions during Bitcoin Record Streak

Against this backdrop, author and former hedge fund manager Jim Cramer expressed his observation, saying that the market is the most overbought it has been in recent memory.

This observation coincided with Bitcoin achieving its seventh month of positive performance, a milestone it last achieved in 2012. This period of growth is highlighted by the monthly candlestick chart closing higher than the peak of the last cycle.

Adding to this “overbought” sentiment from Jim Cramer is the transaction of the 7th richest Bitcoin address recording 8,889 BTC from Bitfinex worth approximately $627 million recorded by Peckshield.

But Cramer’s comments nonetheless sparked controversy and skepticism among the cryptocurrency community, with some questioning whether his comments were an April Fool’s Day joke.

April Fool’s Day + Kramer Signal = Massive Ripoff Received

— Tuberculosis – JDUN (@Jduntrades) April 1, 2024

Featured image by Unsplash, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Cardano is 4% away, saying that Hoskinson will break the Internet.

September 21, 2025
Add A Comment

Comments are closed.

Recent Posts

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Easily Earn $5588+ In Passive Income Every Day With PlanMining Cloud Mining

October 3, 2025

The reason why hyper clicade wins aster with Perp DEX, which can be most invested.

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025
Most Popular

VanEck discontinues multi-currency trading in USD for some ETPs.

January 13, 2024

‘There’s nothing stopping Ripple from selling XRP,’ says legal expert.

January 19, 2024

Best Way to Get Bitcoin for Free in 2024

March 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.