After a decline over the weekend, the crypto market chart staged a rebound in the last 24 hours, led mainly by Bitcoin’s price range, which extended to over $68,000.

Bitcoin reversed the selling spree of the last few days and moved upward at the week’s beginning. It reclaimed the $68,000 mark as its support, improving other crypto indicators as well. As a result, the crypto market chart witnessed an upward curve, which could go further with a rally. Bitcoin’s price range is currently stable, and bulls could attempt the next breakout this week.

Other altcoins also took the cue from BTC and rose gradually. ETH surged by 4.1%, while SOL registered around 11% gains. AVAX was another clear winner, rallying by over 18%. DOGE and SHIB also saw significant returns.

Analysts and experts noted Bitcoin was heading towards a ‘danger zone’ before the halving event. Historically, it has dipped at such phases just before a halving event. Rekt Capital, a crypto technical analysis firm, mentioned how BTC had dipped by 20% and 40% in 2020 and 2026, respectively. Meanwhile, other heads of crypto firms were heavily bullish, claiming BTC will breach the $80,000 mark soon.

Even if Bitcoin holds $60,000 as its support in case of a bearish turn, it will be a strong foundation for 2024. Bulls could gather enough support at $60,000 to recover from dips.

BTC/USD 1D price chart

Bitcoin is currently trading at around $68,400 on March 18, 2024, with BTC/USD trading higher by a margin of 4% in the last 24 hours. Bitcoin’s market cap was trading at around $ 1.34 trillion in the last 24 hours.

BTC/USD is trading higher than its 20-day EMA (62,914.04), as BTC’s 24-hour volume was at around $41.2 billion. The global crypto market cap decreased by around 4.5%, trading above $2.59 trillion. BTC’s year-to-date returns are at 62.70%.

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Bitcoin successfully traded over the $43,000 mark in the last few days, helping sustain the crypto support level and sentiments for the last week of the year.

After moving past $43,000 during the weekend, Bitcoin has been range-bound for the last 24 hours. It dipped a little below $43,500, but its strength around its support level is robust. The crypto support level could be crucial for the next few days as BTC attempts a year-end rally. The Christmas trading day for the crypto market saw a vast upward trend from that of 2022 when several token prices were under losses.

Experts have predicted a last push from the crypto market within this week for a big price jump at the beginning of 2024. While the overall outlook for the market is bright, the macro events of 2024 will be closely watched. Meanwhile, several tokens are currently trading with positive weekly gains. ETH has gained around 4.9% during the week, with a market cap of $482 billion. Meanwhile, Solana witnessed vast returns of 60% over the week.

Traders could target $45,000 for BTC this week and hold it till the year’s end. If they can do so, the $50,000 trading level could be possible by January 2024. Moreover, the altcoin rally in the market could also continue next year.

BTC/USD 1D price chart

Bitcoin is currently trading at around $43,100 on December 25, 2023, with BTC/USD trading lower by a margin of 1.6% in the last 24 hours. Bitcoin’s market cap was trading at around $844 billion.

BTC/USD is trading higher than its 20-day EMA (41,985.40), as BTC’s 24-hour volume was at around $19 billion. The crypto market cap decreased by around 1.34%, trading above $1.66 trillion. BTC’s year-to-date returns are above 160.50%

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Bitcoin’s price range for the last few weeks finally broke free as BTC witnessed a sharp price jump, leading to speculations for the next crypto rally in the upcoming months.

Bitcoin rose steadily in the last 24 hours as bulls gathered enough strength to help it cross $46,000. There was no bearish activity in sight in the crypto market, as other altcoins also staged a mini rally. With the current trends, the next crypto rally could take over and take BTC to newer highs. Meanwhile, Bitcoin’s price range also saw a big price breakout after a stagnant period.

Ethereum’s weekly gains averaged around 6%, setting the tone for it to cross $2,500 soon. Other altcoins were in the green as well, with surging market caps. The overall market cap of the crypto market also saw a significant jump, with BTC leading it. If the crypto market continues the stable movements over the weekend, BTC may trade higher next week.

Traders and analysts were active in discussions on social media regarding Bitcoin’s price predictions. According to them, it could reach as high as $51,000 before the BTC halving event. Moreover, the crypto market has also mirrored the equities market in the US, moving on parallel lines.

As a result, the next crypto rally could take control soon and set bullish sentiments for all stakeholders.

BTC/USD 1D price chart

Bitcoin is currently trading at around $46,200 on February 9, 2024, with BTC/USD trading higher by a margin of 3.9% in the last 24 hours. Bitcoin’s market cap was trading at around $907 billion.

BTC/USD is trading higher than its 20-day EMA (42,467.09), as BTC’s 24-hour volume was at around $28 billion. The crypto market cap increased by around 2.39%, trading above $1.75 trillion. BTC’s year-to-date returns are at 10.24%.

The positive sentiments in the crypto market make it the best time to start trading! Join a user-friendly crypto exchange like Millionero and start today!