BTCUSD

The rise in US 10-years for Bitcoin brought sales to the crypto market yesterday Bitcoin closed the day around $ 65,700 after falling below the $ 65,000 level. We are now following the 50-day moving average support at $ 62.7k. BlackRock's IBIT (BTC) fund received $ 165 million yesterday. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to occur on April 16, 2024. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which has broken its 7-day average around 68,000 again, breaks the 68,000 resistance again, we can see a 70,000 Movement if it breaks the 68,000 resistance again on a daily basis, if sales increase, the 64,000 support is the strongest support. Support: 64000 – 62000 Resistance: 68000 – 70000