Bitcoin regained the $70,000 level

Bitcoin is the most valuable cryptocurrency on the market, having risen to $70,230 as of today, surpassing $70,000. Presumably, this increase is related to the halving event that is expected to occur in April. Investors are eagerly waiting for the possible positive impact of this event on bitcoin.
$70,000 resistance level and technical indicators
Bitcoin is trading just below $70,000, up 2.4% over the past 24 hours, a level that has been a key resistance point that bulls have failed to break through time and time again. The leading cryptocurrency is trading at $69,704 after losing some of its profits. Analyst Ali Martinez pointed to the month-on-month TD indicator for bitcoin, which gives a sell signal on the four-hour chart and predicts a short-term correction.
Bitcoin sentiment and the halving effect
Bitcoin fell sharply after failing to break through $70,000 on April 1, but managed to recover. The Fear and Greed Index, which measures the sentiment of the cryptocurrency market, indicates a state of "extreme greed" towards Bitcoin. This extreme market sentiment could lead to short-term corrections and price "bubbles".
A break above Bitcoin's $70,000 resistance level could be a signal of rising prices.
The TD sequential indicator gives a short-term sell signal for Bitcoin, which suggests that a correction may be imminent.
The upcoming halving event is likely to have a positive impact on the price and increase investor interest.
Finally, with the halving event approaching, it is expected that the increased attention in the mainstream media will further increase the excitement in the market. This can play an important role in Bitcoin's price movements.
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