Price Analysis View Non-AMP

Bitcoin Accumulates Post-Halving: Here’s Why This is a Huge Bullish Signal

Published by
Sahana Vibhute

Just a few days ago, at the block height of 840,000, Bitcoin underwent the 4th halving, which reduced the miner’s rewards from 6.25 BTC to 3.125 BTC. Soon after this, the price experienced a notable rise, resulting in a breakout from a consolidation zone below $62,000 to the current level of $67,000. This rise after the halving suggests growing trading activity over the platform with a notable rise in the buying pressure. Therefore, it appears that the BTC price may soon begin with a fresh bullish spell. 

With the recent surge, Bitcoin enters the post-halving re-accumulation phase, which is usually considered a bullish signal. Having said that, Bitcoin is showing huge signs of strength and growth as it began the trading day above $66,800. This recovery was extremely important as another bounce from the $60,000 levels has squashed the possibility of marking the lows below the range. 

What’s next? When will the bull run begin?

The short-term trade indicates the price has reached one of the crucial zones between the 100-day & 200-day MA levels. The price has been constantly forming higher highs and lows after the rebound and is approaching the crucial resistance at $68,596.8. However, the bears are mounting enough pressure due to which, the possibility of plunging below the 200-day MA at $67,170.83. 

Also Check Out : Bitcoin Consolidates Above $66,000 Following Post-Halving Pressure! Here’s What To Expect Next

The technicals have flipped into slightly bullish in the 4-hr chart which suggests the price may maintain a healthy upswing for some more time. Besides, the price is undergoing a v-shape recovery and hence a bullish push could lead to a rally to $70,000, only if it closes the day’s trade above the 100-day MA at $68,929.93. The RSI has reached the upper threshold and before marking the overbought levels, has triggered a bearish pullback. 

On the other hand, the stochastic RSI is preparing for a pullback which suggests, that the Bitcoin (BTC) price may maintain a healthy consolidation for a while. The volume has dropped below 5K in 4-hr and hence a slight increase above 8K may trigger a breakout above the range. Therefore, the upcoming couple of days can be considered important which may determine the next course of action. 

Read Also : Bitcoin, Ethereum and XRP Price Prediction:  Can we See Post-Halving Rally This Week?

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Bitcoin Price Regains $91k After Seven Weeks: Top Reason Bulls are Ruling the Crypto Market

The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral,…

April 23, 2025

Why Bitcoin & Ethereum Price Surge Today? Key Reason Behind It

After weeks of sideways action, Bitcoin and Ethereum are finally showing strong signs of recovery.…

April 22, 2025

As $25 Billion Remains Locked on L2s, Diffuse Shows How That Capital Could Do More

As of April 2025, over $25 billion in assets sit across Ethereum’s Layer 2 (L2)…

April 22, 2025

Top 3 Best Cryptos to Buy Now for Under $1 — One of Them Is Still at $0.025

Not all high-potential cryptocurrencies come with high price tags. In fact, some of the most…

April 22, 2025

WhiteBIT Reveals the First Participants for ICTC 2025: The Ultimate Crypto Trading Cup

WhiteBIT, Europe’s largest crypto exchange by traffic, has officially announced the initial lineup of participants…

April 22, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 22, 2025