Virtual Currency Market Analysis [April 2]

Practical Investment Article on Cryptocurrency - April 2

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【 Cryptocurrency Market Analysis 】

The price movement of cryptocurrencies since last week

(one week) is summarized below

Display: current price (change from one week ago)

※From this time, we will use a dollar notation.

（Cryptocurrencies often rely on overseas information, so dollar notation is easier to express）

※1Dollar =150JPY

Bitcoin

65200Dollar(-8％）

Ethereum3270Dollar(-10%）

Solana180Dollar(-8%)

Bitcoin has recently undergone a significant downward adjustment.

Bitcoin daily chart

Bitcoin weekly chart

Considering the current price of Bitcoin

○Target price is 76,000 dollars (11.5 million yen)

The cryptocurrency market, led by Bitcoin, has recently undergone a major downward adjustment.

Around March 20, it fell to about 61,000 dollars, and the question is how far this decline will go.

For now, prices have been fluctuating between 62,000 and 72,000 dollars, so many predict movement around that level. However, preceding halving periods often see price declines, which may also influence this situation.

There are about two weeks left until the halving period.

From past Bitcoin prices, it has rarely updated its all-time high before halving, but this time BitcoinETFapproval is related to potentially updating the all-time high before halving, and in May Ethereum'sETFreview period will reach its deadline.

So far, experts seem to think approvals are unlikely and many expect a delay.

Historically, Bitcoin has tended to drop sharply in the short term and then rebound strongly, making it a difficult market to buy into. When the market is depressed, there are plenty of buying opportunities, but investor sentiment generally isn’t very eager to buy.

Post-halving Bitcoin market, EthereumETFoutlook. The U.S. presidential election and many events are on the horizon this year.

※Paid subscription includes deeper stock analysis. We go beyond Bitcoin and Ethereum to take a more advanced approach to investing. If you want to understand future cryptocurrency market trends and ride the wave, consider subscribing. Continuous research is crucial.

(This article has been distributed since 2016)