halving triggered a bull rally for altcoins, but BTC itself did not showcase much volatility. However, if historical data is to be believed, then things might turn bullish for BTC as well.Just a few days after the much-awaited BTC halving, altcoins began bull rallies, allowing several cryptos to register double-digit growth. Meanwhile, BTC laid low, as it didn’t push its price up by a huge margin., BTC was up by 2% in the last 24 hours. At the time of writing, it was trading at $64,992.
As per the tweet, BTC’s price has always consolidated during the halving months back in 2020 and 2016. This indicated that investors might witness less volatility in April. Buying sentiment among US investors was also dominant, as evident from its green Coinbase Premium. This meant that investors were confident in BTC and expected its value to rise in the coming weeks.To see which direction BTC might head during the upcoming week, AMBCrypto took a look at its daily chart. As per our analysis, BTC’s price might continue to move in a parallel channel between its ATH and $61k.
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