$BTC what are the predictions for the cryptocurrency market in the next week
Bitcoin's price is expected to rise by 26.41% and reach $90,817 by May 8, 2024, according to CoinCodex. The total crypto market is predicted to rise by 9.92% in the next year and hit $2.85T. Bitcoin's price is currently encountering resistance, with a break and close above this level potentially triggering a rally to a new ATH. The Bitcoin Halving is on the horizon, with every Bitcoin clock telling a different time for when block 840,000 will hit the scene. Technical analysis supports the buy thesis for BTCUSD, provided that support at $71,500 is maintained. Bitcoin is trading near resistance, at $72,129, up 3.94% on the day, showing more certainty on the part of buyers. The price is inside a symmetrical tightening range, with the only option being to trade the range or wait for the tightening range to show the direction.
