Leading cryptocurrency Bitcoinspent April with declines. If the price can’t rise BTC With a monthly close of over 12%, it will have its worst close since November 2022.
In addition, as Bitcoin prepares to close April with a decline, it will also break its 7-month winning streak.
At this point, while BTC started the week with a decline, today it continued its downward trend and fell below $ 62,000.
Known for his bearish views and frequently criticized by investors for his bearish comments il Capo of Crypto, He made an evaluation after the recent decline in Bitcoin and the general cryptocurrency market.
Accordingly, il Capo listed the important events that will occur this week, stating that these events have an impact on the BTC price. He said he expects the decline to continue up to $57,000-$59,000.
İl Capo, BTC and cryptocurrency market this week “-Spot Bitcoin and Ethereum ETFs launched in Hong Kong, Eurozone CPI rates, CZ decision and FED interest rate decision” He stated that it would affect
launched in Hong Kong BTC And ETH Pointing out that there was a “sell the news” phenomenon after ETFs, il Capo shared the critical points to follow in Bitcoin and Ethereum.
“Bitcoin is still trading in the $73,000 to $60,000 range. Liquidity remains above/below this.
In my view, the next move should again reach the lower range $57,000 to $59,000 on BTC and $2,700 to $2,800 on ETH.
“When BTC and ETH reach these levels, the reaction there will be very important.”
Overview for this week
Today:
-HK spot #Bitcoin oath #Ethereum ETF trading officially live (sell the news so far)
-Eurozone CPI
-CZ’s sentenceTomorrow:
-Fed Interest Rate Decision
-FOMC $BTC Still trading within the $73k-$60k range. Liquidity resting below/above it. In my…— il Capo Of Crypto (@CryptoCapo_) April 30, 2024
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!