Bitcoin took a nice dip towards $66,000 and is currently stabilizing around $68,000 at the time of writing. This is happening as many investors look forward to the potential fallout from the upcoming halving event. Bitcoin now faces the challenge of surpassing its previous all-time high of over $73,000 to set new records. According to some analysts at X, this could be close.

El_crypto_prof optimistisch door Mayer Multiple-indicator

A crypto analyst, known by the pseudonym El_crypto_prof, has a positive prediction for bitcoin. On April 12, he shared via a post on

According to El_crypto_prof, a sharp increase in the price often begins shortly afterwards. He said: “Whenever bitcoin breaks through the blue line of the Mayer Multiple Indicator and at the same time is near or above its all-time high price, a sharp increase began shortly afterwards. $80,000+ very soon.”

Economic indicators and their impact on the bitcoin price

Bitcoin’s current price stability comes against the backdrop of economic indicators such as the unexpectedly high Consumer Price Index (CPI) report, which could influence future interest rates and the valuation of risky assets.

Additionally, there is the stabilization of inflows into spot bitcoin exchange-traded funds (ETFs) after their first two months of trading, which saw record levels of activity.

In addition, expectations regarding bitcoin spot ETFs in Hong Kong are also very positive. Several bitcoin exchange-traded funds are expected to be approved next week. This would make investing in bitcoin even more accessible, which could create a new large influx of investments.

Bitcoin’s potential stabilization at these levels could be the start of the next big jump, possibly to or even above $80,000, analysts said.


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