Currencies36220
Market Cap$ 2.99T-4.73%
24h Spot Volume$ 59.67B+11.8%
DominanceBTC57.83%+4.63%ETH11.43%+0.92%
ETH Gas0.03 Gwei
/

Bitcoin (BTC) Could Hit $100,000 This Week, Here’s Why


by Sahana Kiran
for Watcher.Guru
Bitcoin (BTC) Could Hit $100,000 This Week, Here’s Why

Share:

The cryptocurrency market recorded a major shift in trend during this week. After a rather slow period over the last few weeks, Bitcoin (BTC) was moving above the $90,000 mark. The king coin was entangled in a rut that started in the month of March. This came as a major shock to the market as BTC began the year on a bullish note. The asset even went on to record an all-time high of $109,114.88. But Bitcoin failed to retain this momentum and came crashing down to a low of $74,436. This caused increased chaos in the market.

Also Read: If You Invested $4,000 in XRP When Trump Took Office, Here Are Your Returns Today

Bitcoin Kickstarts Recovery Phase

bitcoin coins
Source: Watcher Guru

During the past 24 hours, Bitcoin recorded a notable rise of 6.14%. This increase took the king coin from trading at a low of $88,255.83 all the way to a high of $94,459.61. At the time of writing, after encountering slight correction, BTC was priced at $93,906.98.

Source: CoinMarketCap

The asset’s latest rise further strengthens the possibility of BTC reclaiming the $100,000 mark. According to recent data brought to light by crypto analyst Ali Martinez, the BTC market was witnessing increased buying activity. In a recent post on X, Martinez revealed that a recent spike in purchasing pressure was shown by the Bitcoin net taker volume on Binance. This metric reached a new monthly high of about $62 million. Investors could be expecting a rise in the price of Bitcoin.

Source: X

Also Read: US Dollar Future in Crisis as Trump Might Fire Fed Chair Powell

Here’s When The King Coin Might Reclaim $100K

According to data from CoinCodex, the world’s largest cryptocurrency could be hitting $100,000 sooner rather than later. The firm revealed that the asset might trade at a high of $102,967 on April 26. Bitcoin will record a massive spike of 10% during this period.

Source: CoinCodex

Also Read: Bitcoin Overtakes Google As Fifth-Largest Asset

Read the article at Watcher.Guru

In This News

Coins

$ 86.74K

-0.26%

$ 1.84

-4.57%

$ 0.013

-6.03%

$ 0.00...361

$ 0.0000824


Share:

In This News

Coins

$ 86.74K

-0.26%

$ 1.84

-4.57%

$ 0.013

-6.03%

$ 0.00...361

$ 0.0000824


Share:

Read More

Bitcoin Struggles for Stability: Bucking Volatility with New Financial Forces

Bitcoin Struggles for Stability: Bucking Volatility with New Financial Forces

Bitcoin stabilizes at $86,600 after volatile fluctuations and macroeconomic uncertain...
Bitcoin Now Less Volatile Than Nvidia as Investor Base Broadens, Says Bitwise

Bitcoin Now Less Volatile Than Nvidia as Investor Base Broadens, Says Bitwise

Bitcoin’s price swings are becoming more restrained, with the cryptocurrency now show...

Bitcoin (BTC) Could Hit $100,000 This Week, Here’s Why


by Sahana Kiran
for Watcher.Guru
Bitcoin (BTC) Could Hit $100,000 This Week, Here’s Why

Share:

The cryptocurrency market recorded a major shift in trend during this week. After a rather slow period over the last few weeks, Bitcoin (BTC) was moving above the $90,000 mark. The king coin was entangled in a rut that started in the month of March. This came as a major shock to the market as BTC began the year on a bullish note. The asset even went on to record an all-time high of $109,114.88. But Bitcoin failed to retain this momentum and came crashing down to a low of $74,436. This caused increased chaos in the market.

Also Read: If You Invested $4,000 in XRP When Trump Took Office, Here Are Your Returns Today

Bitcoin Kickstarts Recovery Phase

bitcoin coins
Source: Watcher Guru

During the past 24 hours, Bitcoin recorded a notable rise of 6.14%. This increase took the king coin from trading at a low of $88,255.83 all the way to a high of $94,459.61. At the time of writing, after encountering slight correction, BTC was priced at $93,906.98.

Source: CoinMarketCap

The asset’s latest rise further strengthens the possibility of BTC reclaiming the $100,000 mark. According to recent data brought to light by crypto analyst Ali Martinez, the BTC market was witnessing increased buying activity. In a recent post on X, Martinez revealed that a recent spike in purchasing pressure was shown by the Bitcoin net taker volume on Binance. This metric reached a new monthly high of about $62 million. Investors could be expecting a rise in the price of Bitcoin.

Source: X

Also Read: US Dollar Future in Crisis as Trump Might Fire Fed Chair Powell

Here’s When The King Coin Might Reclaim $100K

According to data from CoinCodex, the world’s largest cryptocurrency could be hitting $100,000 sooner rather than later. The firm revealed that the asset might trade at a high of $102,967 on April 26. Bitcoin will record a massive spike of 10% during this period.

Source: CoinCodex

Also Read: Bitcoin Overtakes Google As Fifth-Largest Asset

Read the article at Watcher.Guru

In This News

Coins

$ 86.74K

-0.26%

$ 1.84

-4.57%

$ 0.013

-6.03%

$ 0.00...361

$ 0.0000824


Share:

In This News

Coins

$ 86.74K

-0.26%

$ 1.84

-4.57%

$ 0.013

-6.03%

$ 0.00...361

$ 0.0000824


Share:

Read More

Bitcoin Struggles for Stability: Bucking Volatility with New Financial Forces

Bitcoin Struggles for Stability: Bucking Volatility with New Financial Forces

Bitcoin stabilizes at $86,600 after volatile fluctuations and macroeconomic uncertain...
Bitcoin Now Less Volatile Than Nvidia as Investor Base Broadens, Says Bitwise

Bitcoin Now Less Volatile Than Nvidia as Investor Base Broadens, Says Bitwise

Bitcoin’s price swings are becoming more restrained, with the cryptocurrency now show...