Cryptocurrency Price Prediction: The most anticipated crypto event, the Bitcoin halving, is scheduled for April, marking four years since the previous event. Since the start of 2024, market expectations have sparked a new bullish trend, which accelerated to new heights with the green light for the US Bitcoin ETF. Thus, BTC price reached an all-time high of $73,800 earlier this month, pushing up most of the major altcoins.
While this week reflects uncertain market sentiment, the overall trend remains strongly bullish, indicating a potentially prolonged market recovery.
Also Read: 5 Top Meme Coins Under $1 To Buy To Turn $10 Into $1000 Before Halving
1) Bitcoin (BTC)
Bitcoin is a pioneering concept of decentralized digital currency, operating on a peer-to-peer network without the need for a central authority. At the time of writing, BTC price was trading at $70,274, up 0.3% during the day.
The asset's current market capitalization is $1.38 trillion, with a trading volume of $22.2 billion since yesterday.
Bitcoin experienced significant volatility this week, staying within a narrow range between $71,500 and $68,500. As the newly added Spot BTC ETF continues to accelerate its bullish momentum, buyers could break out of the overhead trend and move above the current high of $73,800.
Conversely, a break below the $68,500 support will cause Bitcoin price to decline by 3% and reach the long-awaited support trend line.
Also read: Encrypted ATM: How to operate, step-by-step guide
2) Pepecoin (PEPE)
Pepe Coin (PEPE) is a digital currency that leverages the meme culture surrounding the Pepe the Frog character and combines humor with cryptocurrency innovation. On March 19th, PEPE price bottomed out from the last correction at $0.00000582, marking a healthy 50% retracement for buyers to regain strength.
This turnaround has seen Memecoin's assets rise 48% in less than two weeks and is currently trading at $0.0000086. Pepe Coin ranks 40th among the largest cryptocurrencies, with a market capitalization of his $3.65 billion.
A bullish candlestick marked an increase of 12.6%, suggesting an upside breakout for PEPE price from weekly resistance at $0.00000864. A successful breakout will accelerate the buying pressure and increase the coin price by 25% to $0.0000108.
Also Read: Pepe Coin Price Analysis: Can Current Market Correction Provide New Buying Opportunities?
3) Pendle
Pendle is a DeFi platform specializing in the tokenization of future yields, allowing users to own and trade future yield streams before they are realized. This project provides investors with new tools to hedge against interest rate fluctuations and optimize yield strategies.
According to data from crypto analysis firm Santiment, the market capitalization of real world assets (RWA) has increased significantly, indicating a trend towards tokenization of physical assets on blockchain.
Ignoring the current market correction, the Pen Dollar price rose with high momentum from $2.3 to $4.73, registering a 103% growth within two weeks. An asset currently in price discovery mode could witness $5 resistance at the psychological level.
However, if a pullback is possible, support may be sought at $4.3 and $3.7.
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This week, the cryptocurrency market witnessed high volatility following Bitcoin's price swing around $70,000. The formation of a neutral candlestick with a long rejection spread uncertainty across most of the major altcoins. With continued inflows into spot BTC and the upcoming halving, market participants were expecting a major bull run in the near future.
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