CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin Price Prediction as BTC Dips Below $70,000 Resistance – Time to Buy the Dip?

30.03.2024
A A
0
126
VIEWS
ShareShare

Bitcoin Price Prediction
Bitcoin Price Prediction

As Bitcoin nudges $69,935, market watchers are keen on its next move, with predictions hinting at a potential rebound above $70,000.

Amidst fluctuating trends, the crypto giant’s ability to breach the $70,000 resistance level is crucial.

This scenario stirs speculation on whether it’s the opportune moment to buy the dip, especially with forecasts suggesting significant growth, aligning Bitcoin price predictions.

Bitcoin’s Accelerated Market Climb Challenges Microsoft’s Valuation

Bitcoin’s growth trajectory from 2023 to 2024 suggests it could surpass Microsoft in market valuation within the next year. Reaching a record high of $73,679 in March 2024, Bitcoin’s price soared by over 140% compared to the previous year.

Projections indicate that by April 2025, Bitcoin could be valued at $170,574 per coin, potentially exceeding the market cap of silver and other major companies.

To eclipse Microsoft, Bitcoin’s price per coin would need to rise to approximately $165,608. This optimistic forecast hinges on Bitcoin maintaining its current growth momentum.

  • Bitcoin hits record high, with a 140% increase from the previous year.
  • Predicted to potentially outpace Microsoft’s market cap by April 2025.
  • Market optimism remains as Bitcoin targets significant growth milestones.

U.S. Debt Woes Could Drive Bitcoin Demand, Galaxy CEO Suggests

Galaxy Digital’s CEO, Mike Novogratz, points to the U.S. national debt crisis as a catalyst for increased Bitcoin demand.

He argues that the U.S. must address its $34 trillion debt to avoid a ‘debt death spiral,’ advocating for fiscal adjustments like budget cuts and tax increases.

Amid economic uncertainties, Novogratz highlights Bitcoin as a viable investment against potential currency devaluation and political instability.

Echoing his sentiment, figures like Senator Cynthia Lummis and BlackRock CEO Larry Fink recognize Bitcoin’s potential as a financial safe haven. These opinions may enhance Bitcoin’s appeal as an investment, influencing its market value.

  • Novogratz cites the U.S. debt crisis as a potential boost for Bitcoin investment.
  • Bitcoin seen as a hedge amid economic instability.
  • High-profile endorsements could strengthen Bitcoin’s standing as a valuable asset.

Google Search Now Reveals Bitcoin Wallet Balances, Stirring Privacy Debate

Google’s new feature showcasing Bitcoin wallet balances is stirring a privacy debate. Despite being a leap towards cryptocurrency mainstreaming, it puts Google at the center of privacy concerns.

Initially hesitant with Bitcoin ads, Google has pivoted towards embracing cryptocurrency, including ETF promotions and Coinbase collaborations for payments.

#Google’s inclusion of #Bitcoin wallet balances sparks privacy debate :
While some applaud the move toward mainstream adoption, privacy-centric #Bitcoin supporters have raised concerns about centralized data aggregation.
Google has expanded its features to allow users to search… pic.twitter.com/Xn3VfZEv0T

— TOBTC (@_TOBTC) March 29, 2024

This increased exposure could drive Bitcoin’s wider acceptance and price, yet it raises critical data security questions in the digital currency sphere.

  • Google’s tool to check Bitcoin wallet balances raises privacy alarms.
  • The move signals Google’s deeper dive into the crypto ecosystem.
  • Enhanced visibility could boost Bitcoin’s adoption, albeit with privacy trade-offs.

Federal Court Upholds Fed’s Denial of Custodia Bank’s Master Account

Custodia Bank’s legal challenge against the Federal Reserve’s rejection of its master account application has been dismissed by a federal judge, reaffirming the Fed’s autonomy in granting such access.

The court ruled against Custodia’s claim of automatic entitlement, highlighting that current statutes do not guarantee access to all qualifying entities.

A federal judge ruled that Custodia Bank isn't entitled to a Federal Reserve master account on Friday. @nikhileshde reportshttps://t.co/UQQlHlsXYD

— CoinDesk (@CoinDesk) March 29, 2024

This judgment affects Custodia’s vision for a tech-driven banking model and may lead to an appeal.

  • Custodia Bank’s lawsuit against the Fed has been rejected.
  • The court decision may steer institutions toward considering cryptocurrencies like Bitcoin.
  • Regulatory clarity remains crucial for the cryptocurrency industry’s stability and growth.

Bitcoin Price Prediction

As we approach the end of March, Bitcoin (BTC/USD) has managed a slight uptick, trading at $70,050, a modest increase of around 0.25%.

The cryptocurrency seems to be treading cautiously around a pivot point of $68,770, suggesting an ongoing tussle between bullish sentiment and market hesitation.

Immediate resistance is observed at $71,600, with further challenges lying at $73,545 and $75,575. These levels will be critical to breach for Bitcoin to sustain a bullish momentum.

Conversely, Bitcoin finds intermediate support at $66,820, with additional safety nets at $64,985 and $62,980.

Bitcoin Price Chart - Source: Tradingview
Bitcoin Price Chart – Source: Tradingview

The 50-day Exponential Moving Average (EMA) at $68,750 is currently acting as a support for the buying trend, and the Relative Strength Index (RSI) hovering above 50 bolsters this perspective.

However, the appearance of a triple top pattern around $71,600 could signal resistance, potentially capping upward movements.

In sum, Bitcoin’s trajectory maintains a bullish tone as long as it trades above the pivot point, yet a dip below could signal a sharp bearish adjustment.

Catch the Slothana Wave: Invest in $SLOTH Before It Hits the Market

Introducing Slothana ($SLOTH), the latest meme coin merging the leisurely charm of sloths with Solana’s robust blockchain.

This presale event offers a unique chance to buy into the next big meme coin phenomenon at ground level prices.

Drawing lessons from the Slerf coin saga, Slothana, designed by the experienced Smog team, is poised for substantial market impact, having already attracted significant investment.

Why Slothana Stands Out:

  • Early Bird Advantage: Buy $SLOTH now during presale to maximize potential returns.
  • Meme Coin Mania: Join the meme coin trend that’s turning heads in the crypto world, with past coins seeing over 10,000% increases.
  • Solana’s Efficiency: Benefit from low-cost, high-speed transactions on the Solana network.

Presale Details:

  • Exchange Rate: 1 SOL = 10,000 $SLOTH
  • Funds Raised: $2,852,027

Don’t miss out on the Slothana wave. Invest today for a shot at exceptional growth!

Get Slothana Here

The post Bitcoin Price Prediction as BTC Dips Below $70,000 Resistance – Time to Buy the Dip? appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according to a new...

Read moreDetails
Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
Load More
Next Post
Ethena Labs’s Fake ENA token Exploited on Binance Draining $290K: Report

Ethena Labs’s Fake ENA token Exploited on Binance Draining $290K: Report

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Number of XRP holders almost doubled within six months, overtaking Solana

Number of XRP holders almost doubled within six months, overtaking Solana

1 month ago
Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: Survey

Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: Survey

2 years ago
Alkimiya Launches Bitcoin Blockspace Markets Protocol To Tackle Transaction Fees Volatility

Alkimiya Launches Bitcoin Blockspace Markets Protocol To Tackle Transaction Fees Volatility

1 year ago
Whale Pulls 375B PEPE Off Binance – Is a Main Worth Rebound Incoming?

Whale Pulls 375B PEPE Off Binance – Is a Main Worth Rebound Incoming?

6 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

Trending

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according...

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz