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CryptoIntelligence 2024-04-05 18:17:00

Bitcoin Navigates Potential ‘Exhaustion’ Risk Amidst Q1 Surge, Eyes Bullish Q2 With Strategic Caution

Bitcoin Navigates Potential ‘Exhaustion’ Risk Amidst Q1 Surge, Eyes Bullish Q2 With Strategic Caution

As the first quarter of 2024 draws to a close, Bitcoin is on the brink of reaching the end of Q1 with a 65% increase in BTC price, but faces the risk of “exhaustion.” QCP Capital, a trading firm, alerted its Telegram channel subscribers on March 29, suggesting that the “exponential” rise in price could present challenges in the upcoming quarter. The Bitcoin market is especially attentive this weekend as critical candlestick patterns—the weekly, monthly, and quarterly—are set to close simultaneously. Despite Bitcoin’s strong performance at the start of the year, maintaining momentum around its all-time highs and establishing them

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