5 days left until Bitcoin halving

We tell you how Bitcoin behaves five days before the mining speed is halved, what is happening in the market and what forecasts are given by representatives of the crypto industry.

What's happening in the market

Bitcoin over the weekend, according to TradingView, dropped to $60,700. Following BTC, the entire crypto market showed negative dynamics. Bitcoin fell amid negative news related to Iran's attack on Israel. During periods of geopolitical instability, investors often move savings into time-tested savings assets such as gold. This can explain the increase in the cost of the precious metal against the backdrop of the escalating conflict between Iran and Israel.

High-risk assets, such as cryptocurrency, often show negative dynamics during such periods. Timing also played against BTC. The fact is that Iran’s attack on Israel took place on the weekend – a period when trading on classical exchanges is closed. Therefore, the first to come under attack was the crypt, operations with which can be carried out 24/7.

By the morning of April 15, Bitcoin had recovered to $65 thousand. All coins from the top 100 capitalization showed positive dynamics at the beginning of the work week.

The index of fear and greed, meanwhile, has moved away from its peak values, indicating a decrease in the rush demand for crypto. At the same time, the index values ​​remain in the green zone.

Capitalization of the digital asset market in 24 hours, according to CoinMarketCap, grew by 2.30% to $2.37 trillion. Trading volume, on the contrary, fell by 31.52%.

Bitcoin forecasts

Trader Doctor Profit believesthat market participants who decided to sell their bitcoins over the weekend amid panic will regret their decision. According to his observationsBTC continues to move sideways with a wide range.

Doctor Profit is confident that the crypto market remains bullish. In his opinion, in the near future BTC will be able to break out of the current range and grow.

Analyst Michael van de Poppe warned subscribers that this work week could be very volatile. In his opinion, the fall of BTC against the backdrop of negative geopolitical news should be used to purchase cryptocurrency at local minimums.

Positive outlook for Bitcoin, despite the fall realized by the cryptocurrency over the weekend, supported trader “Coosh” Alemzadeh. He believes that BTC will go to $100-125 thousand in the near future.

However, some members of the crypto community are confident that Bitcoin risks continuing to fall. For example, such a scenario is not excluded by the Blockchainedbb trader.