Bitcoin stability; This signal primed to stabilize BTC’s price moving forward
Bitcoin’s (BTC) price has continued to drop in the short term, with the asset facing threats of dipping below the $60,000 mark. Indeed, the situation has resulted in overall market uncertainty, especially considering the crypto industry is mere hours away from the Bitcoin halving event. Given the recent market trajectory, cryptocurrency analyst CryptoCon , in a post on X (formerly Twitter) on April 17, suggested that the current correction is a necessary step towards stabilizing its price in the long term. With the projected drop in price, the analyst highlighted key levels to watch before Bitcoin finds some stability moving forward. CryptoCon noted that the 20-week Exponential Moving Average (EMA) is a key indicator to monitor. Picks for you How the elite grow their fortunes: A guide to billionaire investment strategies 48 mins ago Bulls vs. bears: Analyst warns of Bitcoin crash to $56k 1 hour ago Crypto startup seeks $120 million in funding, eyeing $1...