An Analytical Look at the Bitcoin Price: The End-of-Correction Signal Suggests a Possible Rally to $73k in May.

Quick Summary:

This week was highly volatile for Bitcoin attributing to factors like the dovish Fed meeting result, BTC and ETH ETFs launched in Hong Kong, and post-having correction.

A long price spread from $64700 to $56500 in BTC price triggered uncertainty in the altcoin market as well, projecting a lack of dominance of bull or bears.

The positive turnaround surged the price by 13.2% to currently trade at the $63987 mark.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaHong Kong

Topics: Btc Bitcoin Price Analysis Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-06 @ 03:43:21 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20881706

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 38 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions