Crypto Price Prediction: The most anticipated crypto event, the Bitcoin halving, is scheduled for April, marking four years since the last event. While market expectations have sparked a new bullish trend since the start of 2024, the green light for Bitcoin ETFs in the United States accelerated the momentum to new heights. The BTC price reached a time high of $73,800 earlier this month, boosting the majority of major altcoins.
Although the current week reflects uncertain market sentiment, the overall trend remains strongly optimistic, suggesting the potential for a longer market recovery.
Also Read: 5 Top Meme Coins Under $1 to Buy to Convert $10 to $1,000 Before Halving
1) Bitcoin (BTC)
Bitcoin (BTC)| Trading view
Bitcoin is the groundbreaking concept of a decentralized digital currency that operates on a peer-to-peer network without the need for a central authority. At press time, BTC price was at $70,274, with an intraday gain of 0.3%.
The current market capitalization of this asset is $1.38 trillion and recorded a trading volume of $22.2 billion as of yesterday.
This week, Bitcoin experienced significant volatility, fluctuating in a narrow range between $71,500 and $68,500. As the resumed spot BTC ETF continues to provide bullish momentum, buyers could break the overhead trend and surpass the current high of $73,800.
On the contrary, a fall below the $68,500 support would cause Bitcoin price to plunge 3% and reach the long-coming support trend line.
Also read: Crypto ATMs: How do they work, a step-by-step guide
2) Pepe Coin (PEPE)
Baby Coin (BABY)| Trading view
Pepe Coin (PEPE) is a digital currency that taps into the meme culture surrounding the character Pepe the Frog, combining humor with cryptocurrency innovation. On March 19, PEPE price hit the bottom of its last correction at $0.00000582, indicating a healthy 50% retracement for buyers to regain strength.
The positive trend reversal saw the memecoin asset rise by 48% in two weeks and is currently trading at $0.0000086. Pepe Coin ranks 40th among the largest cryptocurrencies with a market capitalization of $3.65 billion.
The bullish candle recorded a 12.6% increase, PEPE price marked an upward breakout from the weekly resistance at $0.00000864. A successful breakout will increase buying pressure and push the coin price by 25% to $0.0000108.
Also Read: Pepe Coin Price Analysis: Can the Current Market Correction Offer New Buying Opportunities?
3) Pendulum
Pendulum| Trading view
Pendle is a DeFi platform that specializes in tokenizing future yields, allowing users to own and trade future yield streams before they are realized. The project offers investors a novel instrument to hedge against interest rate fluctuations and to optimize their return strategies.
According to crypto analytics firm Santiment, the market capitalization of real world assets (RWAs) has increased significantly, signaling a trend toward tokenization of physical assets on the blockchain.
Despite the current market correction, Pendle price saw a sharp increase from $2.3 to $4.73, recording 103% growth in two weeks. The asset, which is currently in price discovery mode, may face resistance at the psychological level of $5.
However, a possible decline could see support at $4.3 and $3.7.
Bring away
This week, the cryptocurrency market experienced high volatility after the price of Bitcoin hovered around the $70,000 mark. The formation of neutral candles with long rejections has created uncertainty for most major altcoins. Given the continuous inflows into spot BTC and the upcoming halving, market participants expected a major bull market in the near future.
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