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Bitcoin Price Consolidates Above $70,000 Resistance Zone, Preparing for Next MoveIntroductionOn April 1, the Bitcoin price surged above the $70,000 resistance zone, indicating a bullish sentiment among traders. However, BTC could consolidate within this range for a period before attempting a push towards $75,000

Bitcoin Price and US 10-Year Treasury Yield: A Striking Negative Correlation Introduction: Over the past six months, Bitcoin price has exhibited a notable negative correlation with the US 10-Year Treasury Yield, reaching a correlation coefficient of -90.61%

Bitcoin Concept Stocks Plunge Amid Cryptocurrency Market Volatility Introduction In the wake of significant volatility in the global cryptocurrency market, Bitcoin concept stocks have experienced a sharp decline. As of time of writing, major Bitcoin concept stocks have posted notable losses, reflecting investor concerns about the sector

Market trends do not emerge out of thin air. Every unilateral surge has its precursors, which, although sometimes subtle, can be identified with attentive observation and analysis

On Monday, April 1st, at the New York close, the BTC main contract of CME Bitcoin futures closed at $70,340.00, down 1

Bitcoin settled above the $70,000 resistance zone on the first day of April. BTC is likely to remain in a range for some time before the bulls attempt a move towards $75,000

On April 2, Bitcoin price fell once again, driven by cooling demand for US-based exchange-traded funds (ETFs) and a reduced appetite for betting on monetary easing by the Federal Reserve. Subdued Demand Cooling demand for US-based ETFs is a major factor behind Bitcoin's price decline

The price of Bitcoin is consolidating above the $70,000 resistance zone on April 1, 2023. BTC is likely to spend some time inside the range before the bulls make another attempt at $75,000

Over the past six months, the correlation between the US 10-year Treasury yield and Bitcoin's price has been significantly negative, reaching -90.61%

Market Overview In observance of Good Friday, financial markets in Europe and North America remained closed, while energy, precious metal, foreign exchange, equity index, and US Treasury futures trading at the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) were suspended for the entire day. Activity in the foreign exchange market was relatively subdued during the quiet holiday period

US stock markets started the final week of March with a mixed bag of results. The Nasdaq Composite Index ended the week on a high note, while the Dow Jones Industrial Average and S&P 500 Index both closed lower

The price of Bitcoin has returned to $36000, but due to bearish deviations in the past three weeks, Bitcoin prices may further decline.Over the past 30 days, investors have sent over 34000 Bitcoins worth over $1