Bitcoin Price to Reach $82k Before an Anticipated Altcoin Season in May
The post Bitcoin Price to Reach $82k Before an Anticipated Altcoin Season in May appeared first on Coinpedia Fintech News The global cryptocurrency market capitalization has stabilized around $2.6 trillion in the past few days as the bulls attempt to regain control. In the past three days, Bitcoin’s (BTC) price has been trying to reclaim the crucial support level above $67,000. With most of the altcoin pairs against the US dollar and Bitcoin down between …
The post Bitcoin Price to Reach $82k Before an Anticipated Altcoin Season in May appeared first on Coinpedia Fintech News
The global cryptocurrency market capitalization has stabilized around $2.6 trillion in the past few days as the bulls attempt to regain control. In the past three days, Bitcoin’s (BTC) price has been trying to reclaim the crucial support level above $67,000. With most of the altcoin pairs against the US dollar and Bitcoin down between 20-40 percent in the past few weeks, it is safe to assume a violent uproar is on the horizon.
Furthermore, the calm before the storm is bolstered by the upcoming Bitcoin halving, expected to happen between April 16 and 25th.
Bitcoin Price Analysis
Most major stock market indexes, gold, and silver have already signaled the onset of a macro-bullish outlook. With Bitcoin expected to outperform them all after the upcoming halving, more cash inflows have been recorded in the past few weeks.
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