Recent data has shown that the impact of halving events on Bitcoin's (BTC) returns has been steadily increasing. With the current cycle, a capital inflow of around $282.8 billion has been recorded, showing a considerable increase from the prior cycle of $102.3 billion. Although the actual growth size for the current cycle is smaller compared to the 1,917% expansion for the previous halving, a 362% increase is still notable.

At the current stage, Bitcoin's market price is trading at $26,841.28, which is a slight increase of 0.31% in the past 24 hours. Despite the rise, it's weekly performance has seen a negative balance of -7.24%, according to CoinMarketCap. The $27K resistance line still remains a stable wall and Bitcoin's price was unable to flip the level back to support in the past 24 hours. Nevertheless, it is noteworthy that it was able to successfully reach a high of $27,052 yesterday evening before retracing back to a close of $26,853 shortly after.

Investors are looking forward to BTC breaching the $27K level in the next 48 hours. This could be made possible due to its currently trading - above the 9 EMA line on the 4-hour chart, and the RSI line on the same chart being above the RSI SMA line. With this in mind, investing in the market at this juncture could potentially give positive outcomes, yet each person must be mindful and do their own researched and due diligence before making any decisions.



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