$iShares Bitcoin Trust(IBIT)$

2024-04-19

$iShares Bitcoin Trust(IBIT)$ Look like bitcoin successfully retested recent low $59K (two days ago) on the Israel attacking Iran news tonight and now strongly rebounding to $62.5K - very strong price action despite of bad geopolitical news - maybe today is another day！

Before each of the past three halvings, the price of Bitcoin saw a small run-up, which was followed by a huge price increase in the following year to reach new highs.

BTC Rebound: A New Rally or Bull Trap?

After the sell-off on Tuesday, Bitcoin surged by 5.8% on Wednesday, reaching $67,002.84, driving an overall uptrend in the digital asset market. Bitcoin had reached a historic high of $69,191.95 on Tuesday before swiftly dropping below $60,000. According to data, the range between the high and low points on Tuesday exceeded 14%, marking the largest price fluctuation for Bitcoin this year. -------------------- How do you view? Will Bitcoin Pullback or Push Higher? What's your target price for Bitcoin?

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