Bitcoin jumped above $65,000 one day after an uneventful halving. The 4-hour chart showed that the loss of the $60,266 support could lead to a correction. In the long term, the price of the coin might head toward $85,000. Less than 24 hours after the 4th Bitcoin (BTC) halving took place, the price climbed above […]
The post Bitcoin (BTC) Regains $65,000: What’s Next for the Coin Post-Halving? appeared first on Coin Edition.
- Bitcoin jumped above $65,000 one day after an uneventful halving.
- The 4-hour chart showed that the loss of the $60,266 support could lead to a correction.
- In the long term, the price of the coin might head toward $85,000.
Less than 24 hours after the 4th Bitcoin (BTC) halving took place, the price climbed above $65,000. The event took place on April 20 as miners’ rewards were cut from 6.25 BTC to 3.125 BTC.
It is important to note that this happened as Bitcoin produced block number 840,000. Before the event, market participants expected the halving to cause high volatility with prices swinging very high or very low.
However, that was not the case as BTC moved sideways between $63,000 and $64,000. But with the halving done and dusted, how will Bitcoin fare in the coming months? Here, Coin Edition analyzes the price to see if the cryptocurrency would hit the astronomical values many traders have set for it this cycle.
BTC/USD 4-Hour Analysis
Since facing rejection at $71,030, BTC has been moving between $60,000 and $68,000. However, there was solid support at $60,266 on the 4-hour chart, A brea…
The post Bitcoin (BTC) Regains $65,000: What’s Next for the Coin Post-Halving? appeared first on Coin Edition.
