The Bitcoin market has been grappling with increased selling pressure over the past week, with the price of the leading cryptocurrency dipping below the crucial $60,000 support level. However, a recent relief bounce to $64,182 on April 18 has sparked hopes of a potential recovery among investors.
TLDR
- Bitcoin price has seen a brief relief bounce to $64,182 on April 18, following a week of selling pressure that pushed BTC below $60,000.
- Short-term holders’ (STHs) realized price, currently around $60,000, has historically acted as support during bull markets and may indicate a potential bottom for the current correction.
- Crypto expert Marcel Knobloch, also known as Collin Brown, predicts Bitcoin could reach $455,000 if it follows the pattern of the previous halving, which saw a 700% increase in price.
- A large Bitcoin transaction of 16,276 BTC (worth around $1 billion) was sent to Binance, causing concern among…
