This week in Bitcoin: Unveiling 5 essential insights on the potential $70K BTC price post-halving.

Bitcoin (BTC) is facing a challenging week as it tries to recover from a 15% price dip. The recent geopolitical tensions in the Middle East have had a significant impact on the crypto market, with altcoins being hit the hardest. However, Bitcoin managed to maintain support at $60,000. The market volatility is expected to continue as Bitcoin approaches its next block subsidy halving. Despite the flash crash over the weekend, Bitcoin bulls are bouncing back and showing resilience. Analysts have observed shifts in liquidity on the largest exchange, Binance, and Bitcoin’s dominance over the crypto market cap has reached three-year highs. The upcoming week will also see important macroeconomic data and commentary from senior Federal Reserve officials, which, combined with the Middle East tensions, could further affect risk assets. Additionally, Bitcoin’s block subsidy halving is just days away, which has caused miners to increase selling pressure. However, the balance of BTC in known miner wallets has remained mostly flat. In positive news, regulators in Hong Kong have reportedly approved Bitcoin and Ether ETFs for trading, which could open up more opportunities for Chinese participation. Despite the recent market volatility, sentiment remains “greedy” among investors, according to the Crypto Fear & Greed Index. The index is currently rising and approaching the “extreme greed” zone. Overall, while the market is still uncertain, there is optimism among some market observers that Bitcoin could retake $70,000 by the time of the halving.