BTC hitting 70k again by end of April: a probabilistic take
Been watching the $BTC action closely, especially after that dip. The confluence of macro factors, like the Fed's stance and the upcoming halving, makes for a fascinating setup. While the initial post-ETF euphoria has clearly faded, the underlying demand structure still looks solid on-chain. I'm putting the odds of us seeing $BTC touch 70k again by the end of April at around 40%. My reasoning isn't based on a parabolic run, but rather a gradual grind up, potentially fueled by institutional re-accumulation if the broader market holds its nerve. We saw strong support defend the recent lows, and the longer-term holders haven't shown significant capitulation. It's not a slam dunk, especially with the general market volatility ($OIL still holding up, $EURCHF range-bound), but the path of least resistance could be higher if dip buyers re-emerge and global liquidity remains accommodative. A break above 66k would significantly increase those odds, in my view.
Interesting take! I'm still trying to wrap my head around how all the macro factors really influence crypto compared to traditional assets. Do you think the halving impact is already priced in, or is there still more room for it to drive the price up?