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Bitcoin is bouncing back, and despite the risk of a pre-halving dip, BTC price action is on track for upside, Filbfilb says. Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says. In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his current thoughts on BTC price action. Filbfilb: Bitcoin has given "strong indicator" of bear market breakout Bitcoin has well and truly cemented its exit from a sub-$30,000 trading range, which characterized the market for much of 2023, Filbfilb believes. Having overcome a multitude of resistance levels, the question for Bitcoin bulls now is how price action will turn out into the halving. Due in April 2024, less than five months remains until the event, and Filbfilb argues that a “ reasonable ” bullish target could lie at just below the $50,000 mark. This echoes assumptions from his previous interview in early September, when ...

Bitcoin will spark "massive" liquidations if it rises to take out ask liquidity around $30,000, the latest BTC price analysis says. Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView BTC price analyst: "Massive" liquidations due at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near $28,500. A key point of resistance from earlier in its current halving cycle, the current trading zone represents a major hurdle for bulls to overcome. Should they manage it, price targets now extend beyond the $30,000 mark. Not an expert on classical chart patterns but if we can fit the current structure in it, that gives a minimum price target of 35000$ for # Bitcoin Also a nice confluence of a break above the high at 32,5K where a lot of stops are sitting to create a possible deviation above … p...