Is it a good time to buy Bitcoin as the price goes below $70,000.

The price of Bitcoin has gone down by 1% in the last day, dropping below $70,000. The overall market has also lost 2% during this time.

Bitcoin’s value has increased by 4% in the last week. It has decreased by 3% in the last 30 days, but overall it has gone up by 140% in the past year.

The market is looking forward to the next halving on April 20. It might be a good time to buy Bitcoin at a lower price.

It might go up a lot in the next few days and reach the highest point when the halving happens. Then it could go up even more later in the year.

Bitcoin’s price is expected to go down below $70,000. Is this a good time to buy.

The good thing about Bitcoin’s price chart right now is that it seems like the crypto is ready to go up again.

BTC’s relative strength index (purple line on the chart) has gone up from a little over 20 yesterday to just over 40 today. It’s still a bit shaky, but it should improve more soon.

Bitcoin price chart.
Source: TradingView

At the same time, the average price over the past 30 days is going down toward the average price over the past 200 days. Once it goes below the longer-term average, the coin is expected to start going up in price.

It’s important to know that the support level for Bitcoin is still going up, even though it has recently gone down. This means that any future decreases won’t be very big.

The trading volume is still high at $33 billion, but it’s lower than the $100 billion it was at in March.

However, it’s good to see that in the week ending on April 8, there was still $663 million of money flowing into funds, according to the latest CoinShares report.

Therefore, there is nothing to worry about with the recent decrease in BTC’s value. Traders are selling to make money because there hasn’t been much good news recently.

 

This will probably change soon because the halving is only ten days away.

Some people think the price of BTC might go down before or after the event, but in the long run, it will probably go up because there will be less new BTC available.

The Federal Reserve is being less strict about interest rates, which should help the price of Bitcoin go up in the next few months.

The price might go down to $68,000 or $67,000 soon, but it could go up to $80,000 by summer.

Exploring new small-alt coins to spread out your investments.

It’s well known that BTC is the safest choice in the cryptocurrency market, but it might not give traders the super high profits they want.

You might need to look at new and smaller cryptocurrencies, which have promising presale tokens that are becoming popular right now.

A good example is Dogeverse, a meme token that started selling just a few days ago. It runs on multiple chains.

 

It has already collected a little more than $900,000, which shows that investors are excited about its idea to become the first token based on Dogecoin that works on different blockchains.

This coin will work on different blockchains like Ethereum, Polygon, and BNB Chain at first. Later, it will also be used on Solana, Avalanche, and Base.

Being on many chains is very good because it makes the coin more useful and could make it popular on different networks and apps.

It will only make 200 million tokens. 15% will be for early buyers and 10% will be used for staking. The rest will be used for different things like project funds, marketing, liquidity, and the community.

Because it allows people to stake, it might have fewer coins available, which could make the price go up.

With the help of popular Doge memes, DOGEVERSE should have one of the largest collections of the year.

People can buy 1 DOGEVERSE for $0. 000291 on the official Dogeverse website.

The price will slowly go up as each stage of the sale happens. In the next few months, the price could go up a lot.

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